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FXMachine EA MT4 v1.138 – Detailed Settings Overview

FXMachine EA is a professional automated trading robot designed for major currency pairs like USDCAD, EURGBP, GBPUSD, and EURUSD. Below is a detailed breakdown of its settings, grouped by category for clarity.

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FXMachine EA MT4 v1.138 – Detailed Settings Overview 4

1️⃣ General Settings

SettingValueDescription
AutoSettingsAll AutoAutomatically optimizes settings for specific pairs.
MaxDrawDown (%)35Maximum allowed drawdown before stopping the EA.
ManualLot0.1Fixed trading lot size.
MaxPairsTogether10Max number of currency pairs traded simultaneously.
SpreadLimitsAutoEA automatically filters high-spread conditions.
ManualSpreadLimits5 pipsManual spread limit if auto spread is disabled.
Slippage (points)10Maximum slippage allowed for order execution.
Magic646545148Unique identifier for trade tracking.
AccMiniFalseMini account setting (disabled).
CloseAllFalseDisable manual closure of all trades.

2️⃣ Signal & Trade Filters

SettingValueDescription
SignalFilterCoef5Filters low-quality signals, higher = stricter.
SignalPower2Minimum signal strength required to open trades.
SignalRangeCoef2Price range coefficient for valid signals.
SignalSensitivity7Sensitivity to market signals (higher = more responsive).

3️⃣ Support Trade Strategy

SettingValueDescription
SupportTradesCoef6Multiplier used for support/recovery trades.
SupportTradesRange50 pointsDistance between each support trade.
SupportTradesTP50 pointsTake profit level for support trades.
MaxTrades3Maximum number of trades per cycle.

4️⃣ Take Profit & Stop Loss Logic

SettingValueDescription
TakeProfit (pips)100Fixed take profit distance for initial trade.
StopLoss (pips)1000Maximum stop loss distance to allow recovery cycles.
SeekToCloseCoef2Multiplier for seeking early closures based on favorable conditions.
MinProfitToClose ($)10Minimum profit threshold to close all positions.
SmartMinProfitToClose ($)1Smart closure for small profits during high volatility.

5️⃣ Risk Management Controls

SettingValueDescription
YourSettingsDDControlTrueActivates custom drawdown protection based on your inputs.

✅ Conclusion: Is FXMachine EA Worth It?

FXMachine EA is a fully automated forex robot with strong risk management features, signal filters, and recovery logic. Its 35% drawdown cap, 0.1 fixed lot, and grid recovery strategy make it suitable for:

  • Prop Firm Challenges (FTMO, MFF)
  • Small & Medium Personal Accounts
  • Long-term Stable Growth
  • Pairs: USDCAD, EURGBP, GBPUSD, EURUSD

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