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Cibola EA MT4 – Full Parameter Breakdown and Trading Strategy Insight

Cibola EA is a powerful Expert Advisor (EA) for MetaTrader 4, designed for automated forex trading with a focus on advanced martingale strategies, time-based trade filtering, and risk control. Below is a comprehensive breakdown of its key input parameters to help traders better understand its functionality and optimize performance.

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Cibola EA MT4 – Full Parameter Breakdown and Trading Strategy Insight 4

🔧 Core Settings

  • Magic Seed: 123
    A unique identifier for tracking trades initiated by this EA, avoiding conflicts with other EAs on the same chart.

🔄 Trade Settings

  • GMT Offset: 2
    Adjusts the EA to match the broker’s server time with GMT for accurate trading session control.
  • Take Profit in Pips: 10.0
    Defines the static take profit target per trade in pips.
  • Trade Mode: Turbo
    Likely refers to a high-frequency trading mode designed for rapid entries and exits.
  • Start Lots Size: 0.06
    The initial lot size used when a new trade cycle begins.

🎲 Martingale Settings

  • Take Profit Martingale in Pips: 10.0
    Similar to base TP, applied to martingale trades.
  • Lots Multiplier / Increment: 1.5
    Increases trade size by 1.5x on each subsequent martingale level.
  • Minimum Gap in Pips: 20.0
    The minimum price distance between two martingale levels to avoid clustering.
  • Maximum Gap in Pips: 100.0
    The max allowable distance between martingale entries.
  • Maximum Level: 30
    Limits the number of martingale levels to manage risk.
  • Martingale Mode: Exponential (Default)
    Lot sizes grow exponentially at each level to recover losses faster (but increases risk).

Martingale Postponement by High/Low Detection

  • Timeframe: 1 Hour
    Chart timeframe used to analyze market highs/lows.
  • Bars as Reference: 6
    The number of past bars used to detect highs and lows before postponing trades.
  • Safety to Postpone Trade Type: Single & Martingale
    Both initial and martingale trades can be delayed based on price action for safety.

🐢 Martingale Deceleration by Level

  • Starts on Level: 13
    Deceleration begins after the 13th martingale level to control lot size escalation.
  • Lots Multiplier / Increment: 1.25
    Reduced lot increment multiplier after level 13.
  • Minimum Take Profit in Pips: 5.0
    A reduced TP target on high martingale levels to close trades quicker and minimize exposure.

⚖️ Break-Even Settings

  • After in Pips: 5.0
    After gaining 5 pips, the EA may move the stop loss to breakeven.
  • Leave Open Lots: 0.01
    Keeps a small portion of the position open to potentially ride bigger moves.
  • Apply Stop Loss: True
    Ensures stop losses are set for all trades, essential for risk management.

📈 Trailing Settings

  • Start in Pips / Stop in Pips / Step in Pips: 0.0
    Trailing stop is currently disabled, but can be enabled for dynamic SL adjustment once in profit.

Trading Session Control (GMT)

  • Disable Martingale: False
    Martingale is fully active.
  • Trading Days: 1,2,3,4,5
    Operates from Monday to Friday (0 = Sunday).
  • Trading Hours: 02:00 - 13:00
    Restricts trading to the specified time window.
  • Friday Trading Hours: 07:00 - 12:00
    A shorter window to avoid high-risk periods near market close on Friday.

📆 Holiday Risk Management

  • Disable Days Before 25/12: 2
    Trading is disabled 2 days before Christmas.
  • Disable Days After 01/01: 2
    Trading resumes 2 days after New Year to avoid low liquidity periods.

Conclusion: Is Cibola EA Worth Using?

Cibola EA is a feature-rich, martingale-based forex trading robot designed for experienced traders who understand the risks and rewards of lot scaling strategies. It provides a robust framework for:

  • Controlled high-frequency trading (Turbo mode).
  • Safety-enhanced martingale logic.
  • Customizable break-even and trade filters.
  • Holiday-aware session control.

While its martingale mechanism offers fast recovery from drawdowns, it must be used with well-calculated risk management and strict lot size constraints.

jason
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