๐งฉ What is Fortune EA MT5?
The Fortune EA MT5 is an advanced automated trading system that leverages a Dynamic Grid Strategy combined with technical oscillators. Below is a detailed breakdown of its configuration to help traders balance profitability and risk.
โก๏ธ Vender Website: View here
๐งฉ Core Trading Strategy & Entry Logic
The EA does not trade blindly. It uses a sophisticated “Confluence Model” to trigger trades, ensuring entries occur during high-probability market turns.
| Feature | Variable | Technical Impact |
| Primary Trend | MACD (8, 17, 9) | Filters the mid-term trend direction. |
| Momentum | RSI (14) & CCI (13) | Identifies overbought/oversold exhaustion points. |
| Execution | Stochastic (5, 3, 3) | Pinpoints the exact entry trigger on price reversals. |
| Trading Window | 09:00 – 10:00 | Focuses on high-liquidity sessions to avoid “flat” markets. |
๐งฉ Risk Management & Recovery Settings
The “Recovery” section defines how the EA handles losing trades. It uses a conservative Martingale approach to break even faster.
| Variable | Value | Risk Assessment |
| Position Multiplier | 1.2 | Conservative. Much safer than the standard 1.5x or 2.0x multipliers. |
| Multiplier Mode | Position_Amount | Calculates the next lot based on the total exposure. |
| PipStep (Fixed) | 4.0 Pips | Aggressive. Frequent trade placement; requires low-spread ECN accounts. |
| Max Lot Size | 3.0 | A hard cap to prevent the EA from over-leveraging the account. |
๐งฉ The “Drawdown Reduction” Innovation
This is the standout feature of Fortune EA. It is designed to “clean up” bad trades without waiting for a full price recovery.
- Activation: Starts after 6 trades are open.
- Mechanism: It uses the profit from the newest, largest orders to close out the oldest, most negative orders (at a 4% profit threshold).
- Benefit: This lowers the “Break-Even” line, allowing the EA to exit a grid cycle much earlier during a trend.
๐งฉ Safety & News Filtering
| Setting | Status | Recommendation |
| News Filter | False | Action Required: Turn to True for live trading to avoid slippage. |
| Max Spread | 5.0 Pips | Protects against execution during high-volatility gaps. |
| Hedge Trades | True | Allows the EA to buy and sell simultaneously to balance equity. |
๐งฉ Final Verdict
๐ถ Pros:
- Smart Recovery: The 1.2x multiplier and Drawdown Reduction make it more resilient than basic grid bots.
- Time-Vested: Limiting trade hours reduces exposure to unpredictable “after-hours” moves.
- Transparency: Offers clear visual labels (AC Line, BE Line) on the chart.
๐ถ Cons:
- Tight Grid: A 4.0 PipStep is very sensitive to market “noise” and may lead to many open trades quickly.
- Manual News Filter: In the provided screenshot, the news filter is off, which is risky for Martingale strategies.
๐งฉRecommended Optimization Tips
- For Low Risk: Increase
IF_Fixed_PipStepfrom 4.0 to 12.0 – 15.0. - For Capital Safety: Ensure
Use_News_Filteris set to True with a 120-minute buffer. - Broker Choice: Use an IC Markets or Pepperstone Raw Spread account to handle the tight 4-pip grid.
