🧩 What is BlueDreams EA MT4?
BlueDreams EA is a semi-aggressive grid recovery Expert Advisor (EA) that combines trend-following indicators, dynamic grid spacing, and drawdown reduction mechanisms. Based on the provided settings, this EA is optimized for stable growth with controlled risk, especially in ranging to mildly trending markets.
🧩 Risk Management & Lot Control
- Auto Money Management: Disabled
- Risk Per Trade: 0.5% (inactive)
- Base Lot: 0.01
➡️ Analysis: The EA uses a fixed lot size, making it suitable for small and medium trading accounts. Disabling auto money management gives traders full control over risk exposure.
🧩 Stop Loss & Take Profit Strategy
- Stop Loss: Not used
- Take Profit: Not used
➡️ Analysis: Instead of traditional SL/TP, BlueDreams EA relies on grid recovery, trailing stop, and basket management. This is typical for professional grid EAs but requires sufficient margin.
🧩 Recovery & Martingale System
- Position Multiplier: 1.2
- Recovery Mode: Full Recovery
- Reset After Trades: 14
➡️ Analysis: A low martingale multiplier (1.2) significantly reduces risk compared to aggressive grid EAs. The recovery logic aims to close all positions in profit after a drawdown cycle.
🧩 Grid Distance & Order Spacing
- Grid Mode: Dynamic
- Dynamic Timeframe: M30
- Fixed Pip Step: 7 pips
➡️ Analysis: Dynamic grid spacing adapts to market volatility, preventing overtrading during high volatility and improving performance in sideways markets.
🧩 Trailing Stop Protection
- Trailing Stop: Enabled
- Trail Start: 11 pips
- Trail Step: 5 pips
➡️ Analysis: Trailing stop helps lock in profits early and protects open positions during sudden reversals.
🧩 Drawdown Reduction System
- DD Reduction: Enabled
- Activation After: 6 trades
- Drawdown Threshold: 4%
➡️ Analysis: This feature significantly improves account safety by reducing exposure during extended adverse market conditions.
🧩 Trading Indicators & Entry Logic
- Trend Timeframe: H1
- Trend Indicator: EMA
- RSI: 7
- CCI: 14
- Stochastic: (5,3,3)
➡️ Analysis: The EA uses multi-indicator confirmation, filtering trades based on trend, momentum, and overbought/oversold conditions. This reduces false entries and improves win rate.
🧩 Spread, Slippage & Trade Limits
- Max Spread: 8 pips
- Max Slippage: 4 pips
- Max Lot Size: 3.0
- Max Trades per Direction: 50
➡️ Analysis: These limits protect the EA from poor broker conditions and uncontrolled trade stacking.
🧩 Hedging & Trade Control
- Hedging Enabled: Yes
- Hedge Auto Close: Disabled
➡️ Analysis: Hedging helps stabilize floating drawdown during strong trends, especially on volatile pairs.
🧩 Trading Schedule
- Trading Days: Monday – Friday
- Skip Monday Open: Enabled
- Weekend Trading: Disabled
➡️ Analysis: Avoiding the Monday open and weekends reduces exposure to gaps and low liquidity conditions.
🧩 Visual Panel & Identification
- Magic Number: 147035
- Order Comment: BlueDreams
- On-Chart Panel: Enabled
➡️ Analysis: Clear trade identification allows safe operation alongside other MT4 Expert Advisors.
🧩 Final Verdict – Is BlueDreams EA Reliable?
✅ Pros
- Low martingale multiplier (1.2)
- Advanced drawdown reduction
- Dynamic grid system
- Strong indicator-based entries
- Suitable for small and medium accounts
⚠️ Cons
- No fixed stop loss
- Requires proper margin management
- Grid recovery strategy still carries risk
⭐ Overall Rating: 8.7 / 10
BlueDreams EA MT4 is a well-structured grid recovery EA designed for traders who prioritize capital protection and consistent performance. When configured correctly and used with disciplined risk management, it can be a reliable long-term automated trading solution.
