🧩 What is Minotaur EA MT4?
Minotaur EA is commonly known as a Grid & Martingale Expert Advisor (EA), designed to accumulate small profits while increasing position size during drawdowns. The following parameters define its risk level, trading behavior, and capital requirements.
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🧩 Minotaur EA Parameter Overview
| Parameter Name | Value | Description | Trading Impact |
|---|---|---|---|
| Profit | 10.0 | Target profit (in account currency) to close all open positions | Determines when the EA exits the market with profit |
| Fix_profit | 30.0 | Fixed profit threshold for basket closure | Higher value means fewer but larger profit cycles |
| Step | 0.002 | Distance between grid orders | Controls trade frequency and grid density |
| Lot | 0.01 | Initial lot size for the first trade | Defines base risk per cycle |
| Martingale | 1.5 | Lot multiplier for subsequent grid trades | Increases exposure during drawdown |
| Magic | 1234 | Unique EA identifier | Prevents conflict with other EAs |
🧩 Detailed Parameter Analysis
🔶 Profit = 10.0
- The EA will close all trades once total floating profit reaches $10.
- This is a conservative profit target, suitable for small accounts.
- Helps lock in profits early but may increase trade cycles.
➡️ Best for: Low-risk, steady accumulation strategies.
🔶 Fix_profit = 30.0
- Acts as a higher basket profit target.
- The EA will keep positions open until this value is reached.
- Reduces frequent closures but increases exposure duration.
➡️ Risk Note: Larger floating drawdowns may occur before closure.
🔶 Step = 0.002
- Represents the price distance between grid trades.
- A small step means:
- More frequent trades
- Higher margin usage
- Faster recovery in ranging markets
➡️ Suitable Market: Low to medium volatility pairs (e.g., EURUSD).
🔶 Lot = 0.01
- Minimum starting lot size.
- Ideal for small accounts ($300–$1,000).
- Keeps initial risk low.
➡️ Recommendation: Increase only with larger balance and risk tolerance.
🔶 Martingale = 1.5
- Each new trade increases lot size by 1.5x.
- Example:
0.01 → 0.015 → 0.0225 → 0.0337 - Slower than aggressive martingale (e.g., 2.0).
➡️ Risk Level: Medium.
➡️ Capital Requirement: Moderate to high.
🔶 Magic = 1234
- Unique ID for trade management.
- Essential when running multiple EAs or strategies on one account.
- No impact on profitability.
🧩 Risk Profile Summary
| Aspect | Evaluation |
|---|---|
| Strategy Type | Grid + Martingale |
| Risk Level | Medium |
| Capital Safety | Depends on balance & leverage |
| Drawdown Potential | High in trending markets |
| Profit Stability | Good in ranging markets |
🧩 Final Conclusion
Based on the provided settings, Minotaur EA is configured for moderate risk with conservative lot sizing and controlled martingale growth.
✅ Strengths:
- Low initial lot size (safe entry).
- Moderate martingale multiplier (1.5).
- Suitable for ranging markets.
- Works well on small to medium accounts.
⚠️ Weaknesses:
- Grid + martingale strategies are vulnerable to strong trends.
- Requires sufficient margin to survive deep drawdowns.
- Not recommended for low-leverage or undercapitalized accounts.
🔍 Best Use Case:
- Forex pairs with low volatility.
- Accounts with $500+ balance.
- Traders who monitor drawdown and avoid high-impact news.
