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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🔧 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 (
Turbomode). - 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.