Catarina Devon EA is a powerful and flexible Expert Advisor (EA) for MetaTrader 4 (MT4), built for semi-automated trading using reliable signal-based entries, trend confirmation, and modular risk management features. With its hybrid approach, this EA is ideal for traders seeking strategic control, precision execution, and customizable logic — all while maintaining low-risk exposure.
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General Settings
| Parameter | Value | Description |
|---|---|---|
| Combine? | false | Disables combined strategy mode. |
| Magic Number | 341296 | Unique ID to differentiate trades from other EAs. |
| % Risk | 2.0 | Risk per trade in percentage of account balance. |
| Fixed Lots | 0.01 | Minimum lot size used per order. |
| Auto SL by ATR | false | Uses static SL instead of ATR-based SL. |
| RR (Risk:Reward) | 2.5 | Sets target TP at 2.5x SL. |
| Max Orders Buy/Sell | 5 each | Limits the maximum simultaneous buy/sell orders. |
| Exit Mode | Opposite signal + trend | Trades exit on reverse signal confirmed by trend indicator. |
DCA (Dollar Cost Averaging) Settings
| Parameter | Value |
|---|---|
| Use DCA | false |
| Multiplier | 1.3 |
| Distance (pips) | 25 |
| TP DCA (pips) | 20 |
Remarks: DCA is disabled, but settings are configured for signal-based scaling-in with moderate spacing and TP.
Lottery System
| Parameter | Value |
|---|---|
| Increase lots when SL hit | false |
| Lots multiplier | 2.0 |
| Money multiplier | 1.5 |
| Trailing Mode | Money Trailing |
📌 Remarks: Lottery mode is off but prepared for Martingale-like lot sizing with trailing profit feature.
Trailing Stop Options
ATR-Based Trailing:
- Enabled:
false - ATR Period:
14 - ATR Multiplier:
2.0
Pip-Based Trailing:
- Enabled:
false - Start:
55 pips - Step:
5 pips - Initial SL:
2.0
📌 Remarks: Multiple trailing stop methods are supported but currently disabled.
Break Even & Partial Close
| Use BE when 1R reached | false |
| Close partial lots | false |
| % lots to close | 50% |
📌 Remarks: Conservative; doesn’t use early breakeven or partial profit locking.
Money Trailing & Target System
| Start: $10 | Step: $0.5 | Initial SL: $5 |
| TP/SL targets | All set to 0 (disabled) |
📌 Remarks: Fully customizable profit target system available but not currently active.
Daily Profit Target System
| Mode | Single Pair |
| Daily Targets | 0.0 |
📌 Remarks: Not enabled, but supports both money and percentage-based daily profit/loss goals.
News & Time Filter System
📡 News Filter
| Use Filter | false |
| Source | https://nfs.faireconomy.media/ |
| Symbols Monitored | USD, EUR, GBP, JPY, CAD, CHF |
| Minutes Before News | 120 |
| Minutes After News | 60 |
📌 Remarks: Not active, but capable of halting trading around news for major currencies. Custom line styling enabled for visual alerts.
Time Filter Settings
- Use Filter:
false - Configured Times (Mon–Sun):
01:30 - 16:30 - Close Profitable Orders Outside Time:
false
📌 Remarks: Can restrict EA to specific trading sessions, currently off.
Telegram Notification
- Send Signal to Telegram:
false - Chat ID / Token Available
📌 Remarks: Telegram bot is configured but not yet activated. Can send real-time alerts.
Signal & Trend Indicators
🔹 Signal Source
- Indicator Mode: Arrow
- Signal Bar: 1 (reacts to previous bar signal)
- Manual Box: Uses SL; entry defined by arrow + trend combo.
🔸 Visuals & Buffer Mapping
- Buffer values for buy/sell arrows and SL/TP are mapped.
🔻 Trend Settings
- Manual Trend:
false - Trend Filter:
false - Trend Indicator:
CD_Bo.Botfx - Up/Down Buffer:
0/1
📌 Remarks: Can work with custom indicators and trend confirmation logic.
Conclusion
Catarina Devon EA is a modular and flexible expert advisor designed for signal-based trading with trend confirmation. While the current configuration uses low risk, fixed lot trading with basic SL/TP and no DCA or trailing, it supports:
- Full money management systems (lot multipliers, lottery, DCA).
- Time and news filters.
- Trend filtering and object-drawn SL/TP.
- Telegram integration.
- Partial close and BE logic.
- Multi-indicator customization.