Only Wif EA MT5 v1.1 with SetFiles (Unlimited)

🔢 Only Wif EA MT5 – Complete Inputs & Settings Guide

Only Wif EA MT5 is a flexible MetaTrader 5 Expert Advisor designed to provide traders with configurable trade execution, money management, economic-news filtering, prop-firm protection, cluster-risk management, randomized trade parameters, and pending-order controls. Its comprehensive Inputs allow the EA to be adapted to different account sizes, risk models, broker environments, and trading strategies.

This guide explains the complete set of available settings, including the three supported money-management modes: Fixed Lot, Balance Step, and Risk % of Balance Based on SL Distance.

🔢 Only Wif EA MT5 Inputs

🎯 General Settings

🔹 Pending order mode (real broker stops or virtual) — Real broker stop orders / Virtual (in-memory) stop orders — Determines how the EA handles pending stop orders. Real broker stop orders places stop orders directly on the broker’s server, while Virtual (in-memory) stop orders keeps the pending-order logic inside the EA’s memory instead of placing the stop order directly with the broker.

🔹 Magic number — 11101 — The unique identifier used by Only Wif EA MT5 to distinguish its own trades from positions and orders belonging to other EAs or manual trading activity.

🔹 Order comment tag — OnlyWif — Defines the comment attached to orders generated by the EA, making Only Wif trades easier to identify in the MT5 trading terminal and account history.

🎯 Global Money Management

🔹 Lot calculation mode — Fixed lot — Uses a predefined fixed trading volume for each trade. With this mode selected, the EA uses the value specified under Base lot.

🔹 Lot calculation mode — Balance Step — Calculates position size according to account balance using the formula lots = (balance / step) × base. This allows the trading volume to automatically increase or decrease as the account balance changes.

🔹 Lot calculation mode — Risk % of balance based on SL distance — Calculates the lot size according to a specified percentage of account balance and the actual Stop Loss (SL) distance. For the same risk percentage, a wider SL generally produces a smaller lot size, while a narrower SL generally produces a larger lot size.

🔹 Base lot (Fixed & Balance Step) — 0.01 — Defines the base trading volume for Fixed lot mode and the base component of the Balance Step formula.

🔹 Balance per Base Lot (0 = fixed only) — 0.0 — Defines the balance step used by the Balance Step calculation. A value of 0.0 indicates that no balance-step scaling is configured, so the EA can operate using the fixed base-lot setting when Fixed Lot mode is selected.

🔹 Risk per trade % (Risk Percent mode) — 1.0 — Defines the percentage of account balance targeted as risk per trade when Risk % of balance based on SL distance mode is selected. The configured value is 1.0%.

🔹 Virtual balance (0 = real balance) — 0.0 — Allows the EA to use a custom virtual balance for money-management calculations. A value of 0.0 means the EA uses the account’s real balance.

🎯 News Filter — MT5 Calendar, USD High-Impact

🔹 Enable news filter — false — Enables or disables the economic-news filter. With false, the news filter is currently disabled.

🔹 Minutes BEFORE news to block — 60 — Defines how many minutes before a relevant high-impact USD news event the EA should block trading when the news filter is enabled. The configured value is 60 minutes.

🔹 Minutes AFTER news to block — 60 — Defines how many minutes after a relevant high-impact USD news event the EA should continue blocking trading. The configured value is 60 minutes.

🔹 Show news status on chart (Comment) — false — Determines whether the current news-filter status is displayed directly on the MT5 chart as a comment. False means the status is not displayed.

🎯 Prop Firm Risk Module

🔹 Enable Prop Firm protection module — false — Enables or disables the EA’s dedicated prop-firm risk protection system. The current setting is false, meaning the module is disabled.

🔹 Daily drawdown limit type — Percent of day-start equity — Determines how the EA calculates the maximum permitted daily drawdown. The selected method measures the loss percentage against equity at the beginning of the trading day.

🔹 Max daily loss in percent — 3.0 — Defines the maximum permitted daily loss as 3.0% under the selected day-start-equity calculation method.

🔹 Max daily loss in account currency — 30.0 — Defines the maximum permitted daily loss in account currency as 30.0.

🔹 Block new trades after limit — true — When enabled, the EA prevents new trades from being opened after the configured daily loss limit has been reached.

🔹 Randomize entry/SL/TP/trailing (points offset) — true — Enables randomization of Entry, Stop Loss, Take Profit, and Trailing parameters using the configured point-offset ranges.

🔹 Block opposite-direction trade — false — Determines whether the EA blocks trades that would be opened in the opposite direction to an existing trade or trading setup. False means this restriction is disabled.

🔹 Block new pendings if cluster risk-if-all-SL exceeds limit — false — Determines whether the EA prevents new pending orders when the projected cluster risk, assuming all relevant positions reach their Stop Loss levels, exceeds the configured maximum risk. False means this protection is disabled.

🔹 Max-risk limit type (percent / money) — Percent of day-start equity — Defines the basis used to calculate the maximum cluster-risk threshold. The selected method uses a percentage of day-start equity.

🔹 Max cluster risk as % of equity (open + pendings) — 10.0 — Sets the maximum combined cluster risk from open positions + pending orders at 10.0% of equity under the selected risk calculation method.

🔹 Max cluster risk in account currency — 100.0 — Defines the maximum cluster-risk threshold in account currency as 100.0.

🔹 Cluster half-range multiplier — 1.0 — Controls the multiplier applied to the cluster half-range calculation. The configured multiplier is 1.0.

🎯 Randomized Entry, SL/TP & Trailing

🔹 Random ENTRY offset min (points) — -10 — Defines the minimum random offset that can be applied to the trade-entry price. The current minimum is -10 points.

🔹 Random ENTRY offset max (points) — 40 — Defines the maximum random offset that can be applied to the trade-entry price. The current maximum is 40 points.

🔹 Random SL/TP offset min (points) — -10 — Defines the minimum random offset that can be applied to Stop Loss and Take Profit parameters. The configured minimum is -10 points.

🔹 Random SL/TP offset max (points) — 40 — Defines the maximum random offset that can be applied to Stop Loss and Take Profit parameters. The configured maximum is 40 points.

🔹 Random TRAILING offset min (points) — -2 — Defines the minimum random offset applied to trailing parameters. The configured minimum is -2 points.

🔹 Random TRAILING offset max (points) — 4 — Defines the maximum random offset applied to trailing parameters. The configured maximum is 4 points.

🎯 Pending Order Placement

🔹 Delay pending placement (REAL mode only) — false — Determines whether the EA introduces a delay before placing pending orders when operating in Real broker stop orders mode. False means the delay feature is disabled.

🔹 Min placement delay (seconds) — 0 — Defines the minimum possible pending-order placement delay as 0 seconds.

🔹 Max placement delay (seconds) — 15 — Defines the maximum pending-order placement delay as 15 seconds when the delay function is enabled.

🔢 How Only Wif EA MT5 Money Management Works

🔹 Fixed Lot — With Fixed lot selected, the EA uses the configured Base lot = 0.01 for its trading volume, regardless of changes in account balance, subject to the EA’s other trading and broker constraints.

🔹 Balance Step — The Balance Step model uses the formula lots = (balance / step) × base, allowing position size to scale according to account balance. The Balance per Base Lot = 0.0 setting determines the balance-step component when this mode is configured.

🔹 Risk % of Balance Based on SL Distance — This model uses Risk per trade = 1.0% together with the Stop Loss distance to calculate an appropriate lot size. The objective is to keep the monetary risk approximately proportional to the selected percentage of account balance.

🔹 Virtual Balance — With Virtual balance = 0.0, the EA uses the account’s actual balance rather than an internally defined virtual balance for its money-management calculations.

🔢 Current Configuration Summary

🔹 Pending Order Mode — Real broker stop orders

🔹 Magic Number — 11101

🔹 Order Comment — OnlyWif

🔹 Base Lot — 0.01

🔹 Balance per Base Lot — 0.0

🔹 Risk per Trade — 1.0%

🔹 Virtual Balance — 0.0

🔹 News Filter — Disabled

🔹 News Blocking Before Event — 60 minutes

🔹 News Blocking After Event — 60 minutes

🔹 Prop Firm Protection — Disabled

🔹 Maximum Daily Loss — 3.0%

🔹 Maximum Daily Loss in Account Currency — 30.0

🔹 Block New Trades After Daily Limit — true

🔹 Randomization — Enabled

🔹 Random Entry Offset — -10 to 40 points

🔹 Random SL/TP Offset — -10 to 40 points

🔹 Random Trailing Offset — -2 to 4 points

🔹 Maximum Cluster Risk — 10.0% of equity

🔹 Maximum Cluster Risk in Account Currency — 100.0

🔹 Cluster Half-Range Multiplier — 1.0

🔹 Pending Placement Delay — Disabled

🔹 Minimum Placement Delay — 0 seconds

🔹 Maximum Placement Delay — 15 seconds

🔢 Conclusion

Only Wif EA MT5 offers a comprehensive configuration framework for automated trading on MetaTrader 5, combining flexible position sizing, pending-order execution, news filtering, prop-firm protection, cluster-risk management, and trade-parameter randomization.

The three money-management approaches — Fixed Lot, Balance Step, and Risk % of Balance Based on SL Distance — provide different ways to control position sizing according to the trader’s account-management strategy.

The current configuration uses Real broker stop orders, Magic Number 11101, OnlyWif as the order comment, and a 0.01 Base Lot, while news filtering and Prop Firm protection are disabled.

 The EA’s randomization system is currently enabled, with Entry and SL/TP offsets ranging from -10 to 40 points, and Trailing offsets ranging from -2 to 4 points.

Overall, the Inputs provide traders with substantial control over risk, execution, exposure, and adaptive position sizing, making Only Wif EA MT5 suitable for users who want to fine-tune automated trading behavior according to their preferred risk-management model. However, traders should test parameter combinations carefully in a demo or controlled environment before deploying them on a live account.

🔢 FAQs

❓ What is Only Wif EA MT5?

Only Wif EA MT5 is an automated trading Expert Advisor for MetaTrader 5 with configurable money management, pending-order execution, news filtering, risk protection, cluster-risk controls, and randomized trade parameters.

❓ What money-management modes are available in Only Wif EA MT5?

The EA supports Fixed Lot, Balance Step, using the formula lots = (balance / step) × base, and Risk % of Balance Based on SL Distance.

❓ What is the current Base Lot setting?

The current Base lot is 0.01, and it is used by the Fixed Lot mode and as the base value in the Balance Step calculation.

❓ Does Only Wif EA MT5 support prop-firm risk management?

Yes. The EA includes a Prop Firm protection module with a configured 3.0% maximum daily loss, 30.0 account-currency maximum daily loss, and 10.0% maximum cluster risk. In the displayed configuration, however, the Prop Firm protection module is false.

❓ Does Only Wif EA MT5 randomize its trading parameters?

Yes. Randomize entry/SL/TP/trailing = true. The configured random ranges are -10 to 40 points for Entry, -10 to 40 points for SL/TP, and -2 to 4 points for Trailing.