๐งฉ What is EA Spectr MT4?
EA Spectr is an automated professional multi-currency expert advisor engineered for long-term profitable trading. It continuously analyzes price action to identify accurate market patterns and trends, ensuring a disciplined approach to the global currency markets.
๐งฉ Lot Settings (Position Sizing)
| Parameter | Value | Meaning & Impact |
|---|---|---|
| FixLot | 0.01 | Minimum fixed lot size, suitable for small accounts and low risk |
| AutoLot | true | Enables automatic lot calculation based on account risk |
| Risk | 15.0 | Aggressive risk coefficient when AutoLot is enabled; higher profit potential but higher drawdown risk |
Insight: EA Spectr MT4 prioritizes flexible money management, allowing traders to scale position size automatically with account equity.
๐งฉ Trade Settings (Core Strategy Control)
| Parameter | Value | Meaning & Impact |
|---|---|---|
| MainTP | 15.0 | Primary take profit target for trades |
| MinTP | 1.8 | Minimum profit threshold to close positions |
| MaxSL | 90.0 | Maximum stop loss limit to cap downside risk |
| TrailSL | 1.5 | Trailing stop distance to lock profits dynamically |
| TrailStep | 0.1 | Increment step for trailing stop movement |
| Breakeven | 0.8 | Moves SL to breakeven after small profit is reached |
| DualTrade | true | Allows simultaneous buy and sell positions |
| DualOffset | 15.0 | Price distance between dual trades |
| DualProfit | 1.0 | Profit target for dual trade closure |
Insight: These parameters show a scalping + hedging hybrid logic, aiming for frequent small profits with active protection.
๐งฉ Recovery Mode (Drawdown Handling)
| Parameter | Value | Meaning & Impact |
|---|---|---|
| RecoveryMode | false | Recovery/grid logic is disabled by default |
| MultiLot | 1.28 | Lot multiplier if recovery mode is enabled |
| OrderStep | 55 | Distance between recovery orders |
| MaxOrderCount | 15 | Maximum number of recovery trades |
Insight: EA Spectr MT4 includes a recovery system, but it is safely disabled, making the default setup more conservative.
๐งฉ Spread Filter (Execution Quality)
| Parameter | Value | Meaning & Impact |
|---|---|---|
| UseSpreadFilter | true | Prevents trading during high spreads |
| MaxSpread | 1.5 | Maximum allowed spread before blocking entries |
Insight: This is crucial for scalping strategies, ensuring stable execution and reduced slippage.
๐งฉ Round Level Filter
| Parameter | Value | Meaning & Impact |
|---|---|---|
| UseRndFilter | true | Avoids entries near psychological price levels |
| RndDeviation | 5.0 | Distance from round numbers to filter trades |
Insight: Enhances entry precision and reduces false breakouts.
๐งฉ News Filter (Fundamental Protection)
| Parameter | Value | Meaning & Impact |
|---|---|---|
| UseNewsFilter | true | Enables economic news protection |
| NewsCurrency | EUR, USD | Filters high-impact news for major currencies |
| DetectLow / Middle / High News | true | Full spectrum news detection |
| PauseBefore / After News | 5โ30 mins | Suspends trading around news events |
| DetectNFPNews | true | Special protection for NFP releases |
| ServerGMT | 2 | Broker time synchronization |
Insight: This advanced news filter makes EA Spectr MT4 suitable for real accounts and prop firm environments.
๐งฉ Time Filter (Trading Session Control)
| Parameter | Value | Meaning & Impact |
|---|---|---|
| UseTimeFilter | true | Limits trading to specific hours |
| HourStart โ HourEnd | 03:15 โ 22:45 | Main trading session |
| FridayHourEnd | 14:45 | Early Friday shutdown to avoid weekend gaps |
Insight: Prevents low-liquidity and high-risk periods, improving long-term stability.
๐งฉ Days Filter
| Parameter | Value | Meaning |
|---|---|---|
| Trade MondayโFriday | true | Trades only on active market days |
๐งฉ Other Settings
| Parameter | Value | Meaning |
|---|---|---|
| EquityMaxDD | 0.0 | No hard equity drawdown stop |
| ShowInfoPanel | true | Displays EA status on chart |
| TradeComment | Spectr EA EU | Trade identification |
| Magic | 77789 | Unique order identifier |
๐งฉ Final Conclusion
EA Spectr MT4 is a sophisticated scalping Expert Advisorย (EA) designed for precision trading, capital protection, and consistent performance.
Its configuration highlights strong money management, advanced spread and news filters, time-based execution, and optional recovery logic. With AutoLot sizing, breakeven control, trailing stops, and dual-trade capability, this EA is well-suited for low-to-medium risk traders, real accounts, and prop firm challenges when properly configured.
Overall, EA Spectr MT4 emphasizes safety, execution quality, and adaptability rather than aggressive martingale behavior, making it a reliable choice for disciplined algorithmic traders.
