🔍 What is Indicement MT4?
The Indicement MT4 Expert Advisor (EA) is a powerful multi-index automated trading system designed to trade US500, US30, and NAS100 with high precision and institutional-grade risk management. Below is a detailed review of its configuration parameters and what they reveal about its overall strategy, logic, and robustness.
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⚙️ General Configuration Overview
- Info Panel Display:
true
→ Shows real-time trade and strategy information directly on the chart for better monitoring. - Trade Direction:
- Buy Trades: Enabled
- Sell Trades: Enabled
→ The EA operates in both bullish and bearish markets, adapting dynamically to trend reversals.
- Friday Close Hour:
25
→ Automatically closes open trades before market close to prevent weekend gaps and volatility risks. - Stop Loss/Take Profit Management:
setSL_TP_After_Entry= false
→ Stop loss and take profit are pre-set before trade execution, ensuring instant protection.
- Virtual Expiration: Disabled
→ The system uses broker-visible SL/TP levels for transparency and execution reliability.
📈 Symbol-Specific Trading Systems
The EA includes three major indices with independent strategies:
🟩 US500 Settings
- Symbol: US500
- Strategies Active: STRAT1, STRAT2, STRAT3, STRAT4 =
true
→ All four strategy modules are enabled, each likely using different algorithms (trend-following, reversal, and volatility-based). - Spread & Randomization:
0.0
→ Indicates strict execution with no random deviation, focusing on stability and backtest accuracy.
🟦 US30 Settings
- Symbol: US30
- Strategies Active: STRAT1–STRAT3 =
true
→ Balanced configuration optimized for the Dow Jones index, likely using shorter timeframes and stronger trend filters. - Max Spread:
0.0→ Ideal for ECN brokers with low latency.
🟥 NAS100 Settings
- Symbol: USTEC (NASDAQ 100)
- Strategies Active: STRAT1–STRAT4 =
true
→ Full activation suggests the EA applies high-volatility strategies optimized for NASDAQ’s fast price movements.
📅 NFP & High-Impact News Protection
- EnableNFP_Filter:
true - NFP_CloseOpenTrades:
true - Minutes Before/After NFP:
140/110
→ The EA automatically pauses and closes trades around Non-Farm Payroll (NFP) releases, protecting against unpredictable spikes.
→ This feature is crucial for prop firm compatibility and capital protection. - AutoGMT:
true
→ Automatically detects broker time offset (winter/summer = 2 / 3), ensuring correct NFP timing.
💰 Lot Size and Risk Management
- Lot Calculation:
use Max Risk Per Strategy - Max Risk per Strategy:
3.0%
→ Each active strategy risks a maximum of 3% of the account, maintaining balance between profitability and safety. - LotSizeStep:
500, Manual Lot:0.01
→ Default micro-lot for small accounts with scalable progression based on balance. - Daily Drawdown Limit:
0.0
→ Configurable for Prop Firm trading, allowing compliance with firm risk restrictions. - Free Margin Check:
true
→ The EA checks available margin before placing trades — prevents over-leveraging.
🕒 Trading Time Management
- Trading Hours Filter:
false
→ By default, the EA trades 24/5 (00:00–24:00) using broker time.
→ Can be customized for session-based optimization (London or New York sessions). - Time Source:
Broker
→ Ensures time synchronization with broker server — critical for precise NFP and session timing.
🧠 Additional Advanced Parameters
- AdjustEntry / AdjustSL / AdjustTP / AdjustTrailSL / AdjustBreakEven:
0.0
→ Default neutral configuration — users can fine-tune these values for more aggressive or conservative performance. - Use Equity Instead of Balance:
false
→ Trades are calculated based on account balance, not floating equity — more stable lot management. - OnlyUp:
false
→ EA does not limit trading direction — suitable for trending and ranging markets alike.
🧩 Overall Strategy Logic
The Indicement MT4 EA combines multi-index diversification with modular trading strategies (STRAT1–STRAT4) per symbol. Its core strengths lie in:
- Intelligent news avoidance (NFP filter)
- Dynamic risk allocation by strategy
- Multi-symbol operation for smoother equity curves
- Compatibility with prop firm rules (drawdown and margin control)
This EA focuses on low-risk institutional logic while maintaining enough flexibility for aggressive optimization.
📊 Summary
| Feature | Description |
|---|---|
| Platform | MetaTrader 4 |
| Assets | US500, US30, NAS100 |
| Trade Type | Buy & Sell |
| Risk Control | Max Risk 3% per strategy, Drawdown management |
| News Filter | NFP Protection (AutoGMT enabled) |
| Trading Hours | 24/5 or customizable |
| Lot Management | Auto lot with scaling and step adjustment |
| Broker Compatibility | ECN recommended |
| Ideal For | Prop Firms, Scalpers, and Index Traders |
🧾 Final Verdict
The Indicement MT4 EA is a professional-grade automated trading system optimized for U.S. indices. With advanced risk controls, NFP news protection, and modular multi-strategy logic, it offers traders a reliable balance between safety and performance.
Its default setup is conservative yet adaptable, making it suitable for prop firm challenges, long-term portfolio trading, and low-drawdown growth strategies.
