🧩 What is Patriot EA MT4?
Patriot EA is automated trading software for MetaTrader 4 (MT4), configured for market price order execution, automatic volume calculation, risk management, break-even point, automatic stop-loss orders, and time-based trade control.
Overall, this setup reflects a conservative to medium-risk automated trading strategy, designed to protect capital while capturing structured intraday price movements.
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🧩 Order Execution & Core Settings
🔶 TypeOrderExecution: Market Execution
- Orders are executed instantly at the current market price.
- Suitable for fast-moving markets and scalping to intraday strategies.
🔶 NewBar: true
- EA opens trades only on a new candle, reducing noise and false signals.
🔶 AutoDigits: true
- Automatically adapts to broker price digits (4/5 digits).
- Improves broker compatibility and execution accuracy.
🧩 Risk & Money Management
🔶 BalanceRisk: 0.5
- Uses 0.5% risk per trade, which is very conservative.
- Ideal for long-term account sustainability and drawdown control.
🔶 Lots: 0.1
- Base lot size when auto-risk calculation is inactive or limited.
- Suitable for small to medium accounts.
🔶 TakeProfit: 300 (points)
- Large profit target relative to stop loss.
- Suggests trend-following or swing-style intraday trades.
🔶 StopLoss: 35 (points)
- Tight stop loss enhances risk control.
- Requires high-quality entries to avoid frequent stop-outs.
➡️ Risk-to-Reward Ratio: Approximately 1:8+, which is excellent for professional trading systems.
🧩 Trade Identification & Spread Control
🔶 Magic: 12345
- Unique identifier to prevent conflicts with other EAs.
🔶 MaxSpread: 50
- EA avoids trading during high spread conditions.
- Helps protect against poor liquidity and news spikes.
🔶 Reverse: false
- Trades follow original signal logic (no signal inversion).
🧩 Anti-Requote & Slippage Protection
🔶 MaxAttempts: 3
🔶 DelaySeconds: 3
🔶 Slippage: 3
- EA retries order execution up to 3 times.
- Small delay and slippage tolerance reduce failed orders.
- Balanced approach between execution speed and reliability.
🧩 Signal Generation Settings
🔶 PriceStep: 10
- Defines minimum price movement for signal validation.
- Filters out minor fluctuations.
🔶 Timer: 15
- EA checks signals every 15 seconds.
- Efficient for M30 timeframe without overloading the terminal.
🔶 iPeriod: 14
- Standard indicator period (likely RSI or moving average).
- Commonly used for trend and momentum confirmation.
🔶 TimeFrame: 30 Minutes
- Medium-term intraday trading timeframe.
- Good balance between signal quality and trade frequency.
🔶 iPrice: Close price
- Signals are calculated using candle close prices.
- Reduces false entries caused by intra-candle volatility.
🧩 Break-Even Management
🔶 Breakeven: true
Activates multi-level break-even protection.
➡️ Level 1:
- StartBreakeven_1: 10 points
- StepBreakeven_1: 2 points
➡️ Level 2:
- StartBreakeven_2: 15 points
- StepBreakeven_2: 5 points
➡️ Effect:
- Locks in profits early.
- Significantly reduces losing trades.
- Very useful in ranging or volatile markets.
🧩 Trailing Stop System
🔶 Trailing: true
- Enables dynamic stop movement.
🔶 TrailingStart: 30
- Trailing begins after 30 points of profit.
🔶 TrailingStop: 25
- Maintains reasonable distance from price.
🔶 TrailingStep: 5
- Smooth stop adjustments, avoiding premature exits.
➡️ This trailing setup favors trend continuation rather than scalping.
🧩 Time-Based Trading Filter
🔶 StartHours: 0
🔶 StartMinutes: 10
🔶 EndHours: 22
🔶 EndMinutes: 50
- EA trades only during active market hours.
- Avoids low-liquidity rollover periods.
- Well-suited for London and New York sessions.
🧩 Visual & Info Settings
🔶 ShowInfo: false
- Minimal chart clutter.
🔶 BuyColor / SellColor / UpCol / DnCol
- Clear visual differentiation between buy/sell signals and market direction.
🧩 Final Conclusion – Is This Patriot EA Setup Good?
Yes — this is a well-balanced and professionally structured EA configuration.
🔶 Strengths:
✔ Conservative risk (0.5%).
✔ Excellent risk-to-reward ratio.
✔ Strong capital protection (breakeven + trailing).
✔ Spread and time filters.
✔ Suitable for medium-term intraday trading.
🔶 Best For:
- Traders seeking steady growth.
- Small to medium accounts.
- Low drawdown strategies.
- Brokers with stable execution and reasonable spreads.
🔶 Not Ideal For:
- High-frequency scalping.
- Very small accounts needing aggressive growth.
- News trading without manual control.
