๐งฉ What is Famous EA MT5?
Famous EA MT5 is configured for steady long-term growth, utilizing a fixed low-risk lot size and H4 timeframe entries. It employs a trailing-profit strategy designed for capital preservation and scalable multi-order capability if needed.
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๐งฉ Money Management Settings
- Lots Selection Mode: Fixed Lots
โ EA trades with a constant lot size instead of dynamic risk-based sizing. - Fixed Lots: 0.01
โ Very conservative starting volume, suitable for small accounts. - Percentage Risk: 0.01 & % Risk Based on Point Movement: 200%
โ Although risk percentage is set, Fixed Lots mode overrides it; risk parameters only apply if switched to dynamic lot mode. - Money Per Every 0.01 Lots: 5000
โ Requires $5000 per 0.01 lot if switched to balance-based allocation, indicating risk-averse configuration. - Max Positions: 99 / Max Positions Per Cycle: 0 (OFF)
โ High maximum order limit suggests the EA can scale trades aggressively, but per-cycle control is disabled. - Multiplier Per Cycle: 1
โ No lot progression or martingale amplification โ safe for prop trading.
๐งฉ General Trading Settings
- Distance: 200 pips
โ Entry spacing is wide, reducing over-trading and improving trend filtering. - New Candle: true
โ EA opens trades only on new candle formation โ avoids noise and improves entry accuracy. - TakeProfit % S1: 0.0 / Trailing Start at 1000 & Step 900
โ No static TP; EA relies on large trailing system for extended moves. Good for swing/long-trend strategies. - EntryTimeFrame: H4
โ Trades higher timeframe signals โ reduces noise and suits long-term steady trading. - Magic Number: 11111
โ Enables multi-EA or multi-pair running without conflict. - Show Info Panel: true
โ Real-time dashboard displayed on chart.
๐งฉ News Filter System
- Enable News Filter: false
โ Currently disabled โ EA will trade through news unless activated. - Delete Breakeven On News Days: true
โ Useful safeguard if news filter is turned ON later. - Low/Middle/High News: Low disabled, Middle & High enabled
โ Focus on filtering impactful events only. - Indent Before: 15m & After: 30m / High Impact Window: 60m before & after
โ Robust protection settings for economic events when filter is active. - News Check Currencies: EUR, GBP, USD, CAD, AUD, NZD, CHF
โ Covers major forex currencies โ ideal for multi-pair operation. - Auto Time Zone & Broker TimeZone: 3
โ Automatic sync to news time avoiding schedule mismatch. - Sources of News: Investing, Myfxbook, Worldtimeserver, etc.
โ Multiple endpoints increase reliability and update accuracy.
๐งฉ Visual & Utility Settings
- Draw News Lines: true
โ Marks news events directly on chart โ useful for manual monitoring. - Multiple API URLs added
โ Ensures redundant backup sources for news if API fails.
๐ Conclusion
Famous EA MT5 is configured with fixed low-risk lot size (0.01), H4 timeframe entries, wide trading distance, and a trailing-profit strategy designed for steady long-term growth instead of scalping. News filter is present but currently disabled โ enabling it will improve safety for prop firm trading. The system appears optimized for low-risk capital preservation, with scalable multi-order capability if needed.
๐ Ideal for traders seeking stable, swing-style automated trading, suitable for funded accounts & prop firm rules when news filter and risk settings are properly configured.
