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Neptune EA MT5 Settings Review & Risk Analysis

๐Ÿงฉ What is Neptune EA?

Neptune EA is an automated trading robot for MetaTrader 5 (MT5) designed with a low-frequency, high-control trading logic. Based on the settings shown, this EA focuses on strict risk management, limited exposure, scheduled trading hours, and price-based exits, making it suitable for conservative and disciplined traders.

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Neptune EA MT5 Settings Review & Risk Analysis 4

๐Ÿงฉ Risk Management Settings

๐Ÿ”น Risk per Trade (%) โ€“ 2.0

Each trade risks 2% of account equity.
โœ”๏ธ This is a moderate and professional risk level, commonly recommended for long-term trading.

๐Ÿ”น Maximum Lot Size โ€“ 10.0

Caps the position size regardless of account growth.
โœ”๏ธ Prevents over-exposure on large accounts
โœ”๏ธ Adds an extra layer of capital protection

Conclusion:
Neptune EA prioritizes capital preservation over aggressive growth.


๐Ÿงฉ Trade Direction Control

๐Ÿ”น Allow BUY Trades โ€“ true

๐Ÿ”น Allow SELL Trades โ€“ false

The EA is configured to trade BUY positions only.

โœ”๏ธ Suitable for:

  • Bullish or trend-following strategies
  • Instruments with long-term upward bias (e.g., indices, gold)

โš ๏ธ Limitation:

  • Misses opportunities in bearish markets

๐Ÿงฉ Trading Schedule (Time Filter)

๐Ÿ”น Enable Trading Schedule โ€“ true

๐Ÿ”น Trading Hours (Broker Time)

  • Start Hour: 01
  • End Hour: 19

โœ”๏ธ Avoids low-liquidity periods
โœ”๏ธ Excludes rollover and late-session volatility

๐Ÿ”น Trading Days

  • Monday โ†’ Friday: All enabled

Conclusion:
Neptune EA trades only during high-liquidity, structured market hours, reducing spread spikes and slippage.


๐Ÿงฉ Filters & Trade Limits

๐Ÿ”น Max Spread (points) โ€“ 40

Trades will only open when spread โ‰ค 40 points.

โœ”๏ธ Excellent protection against:

  • High volatility
  • News-driven spread widening

๐Ÿ”น Max Trades per Day โ€“ 1

Only one trade per day is allowed.

โœ”๏ธ Extremely conservative
โœ”๏ธ Prevents overtrading and emotional market noise

๐Ÿ”น Max Positions per Direction โ€“ 1

Only one BUY position can be open at a time.

โœ”๏ธ No grid
โœ”๏ธ No martingale
โœ”๏ธ Very clean exposure model


๐Ÿงฉ Exit Management (Advanced)

๐Ÿ”น Use Price-Based Exits โ€“ true

Stop Loss and Take Profit are calculated as a percentage of price, not fixed points.

โœ”๏ธ Automatically adapts to:

  • Volatility changes
  • Different symbols and price ranges

๐Ÿ”น Stop Loss (% of price) โ€“ 0.9

A relatively wide dynamic stop loss.

โœ”๏ธ Allows trades room to breathe
โš ๏ธ Can increase drawdown if market reverses sharply

๐Ÿ”น Take Profit (% of price) โ€“ 0.6

Smaller TP relative to SL.

๐Ÿ“Œ Risk-Reward Insight:

  • Slightly negative R:R
  • Likely relies on high win rate

๐Ÿ”น Fixed SL / TP (Fallback)

  • Stop Loss: 3000 points
  • Take Profit: 2000 points

Used only if price-based exits are disabled.


๐Ÿงฉ System & Technical Settings

๐Ÿ”น Timeframe โ€“ M30 (30 Minutes)

Medium-term trading logic.

โœ”๏ธ Less noise than lower timeframes
โœ”๏ธ Suitable for swing-style entries

๐Ÿ”น Magic Number โ€“ 808

Unique identifier for EA trades.
โœ”๏ธ Safe for multi-EA usage

๐Ÿ”น Order Comment โ€“ Neptune

Used for trade tracking and reporting.

๐Ÿ”น Chart Color Theme โ€“ Neptune Dark (navy/gold)

Purely visual, no impact on performance.


๐Ÿงฉ Final Verdict: Is Neptune EA MT5 Safe?

โœ… Strengths

โœ” Strong risk control (2% risk, 1 trade/day).
โœ” No martingale, no grid.
โœ” Time-based and spread filters.
โœ” Price-adaptive exits.
โœ” BUY-only directional clarity.

โš ๏ธ Weaknesses

โ— Does not trade SELL positions.
โ— Relies on win rate due to R:R structure.
โ— Limited trade frequency = slower growth.


โญ Overall Conclusion

The Neptune EA MT5 settings shown represent a highly conservative, low-risk trading configuration. This EA is clearly designed for capital protection, consistency, and long-term sustainability, not aggressive compounding.

๐Ÿ‘‰ Best suited for:

  • Conservative traders.
  • Funded account challenges.
  • Prop firms.
  • Traders who value stability over fast growth.

๐Ÿ‘‰ Not ideal for:

  • Small accounts seeking rapid gains.
  • Traders who prefer high-frequency or scalping strategies.

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