Babavenga EA is a smart trading robot for MetaTrader 4, designed to automate forex trading using a combination of lot control, trailing strategies, and custom time filters. The EA is built with flexibility and modularity in mind, enabling it to adapt to different market conditions while giving traders control over entry logic, spread management, and trade windows.
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🔐 Risk Management & Trade Control
| Setting | Value | Description |
|---|---|---|
Mode_of_Venga | false | Venga mode disabled (switches EA strategy logic). |
% Risk_Venga | 0.01 | Very conservative risk setting (1% per trade). |
Max_Close_Trade | 3.0 | Maximum number of trades allowed to close at once. |
Auto_Lots | 2.0 | Automatic lot sizing factor (lot scaling). |
🎯 Trade Execution Settings
| Setting | Value | Description |
|---|---|---|
SL (Stop Loss) | 70.0 | Stop loss set at 70 pips. |
TP (Take Profit) | 15.0 | Take profit target set at 15 pips. |
Spread_Filter | 20.0 | Prevents trades during high spread conditions. |
Slippage | 4.0 | Acceptable slippage during trade execution (in pips). |
📡 Signal Filters & Strategy Logic
| Setting | Value | Description |
|---|---|---|
H_D_VENGA_Signal | 1.0 | Horizontal Venga signal threshold. |
D_SB_VENGA_Signal | 2.0 | Signal buffer distance. |
Magic Number | 3395 | Unique identifier for EA's trades on the terminal. |
Ro_Value Settings | 35.0 | Additional signal sensitivity adjustment. |
🔁 Trailing Stop Logic
| Setting | Value | Description |
|---|---|---|
Trailing_stop | 1.0 | Trailing stop begins once trade is in profit. |
Trailing_step | 0.1 | Tight trailing step (micro-pip increments). |
⏱️ Trading Schedule by Day and Hour
The EA is enabled to trade every day of the week, with full-day trading windows:
| Day | Enabled | StartHour | EndHour |
|---|---|---|---|
| Monday | true | 00:00 | 23:59 |
| Tuesday | true | 00:00 | 23:59 |
| Wednesday | true | 00:00 | 23:59 |
| Thursday | true | 00:00 | 23:59 |
| Friday | true | 00:00 | 23:59 |
This full-session availability suggests the EA is optimized for high-frequency trading or breakout scalping, operating around the clock.
🧠 Strategy Summary
Babavenga EA is a highly flexible trading bot with:
- Full daily trading support
- Spread/slippage protection
- Precise control over trailing stop and signal thresholds
- Conservative money management (1% risk)
- Unique Venga strategy toggle for switching modes