๐งฉ What is Patriot EA MT4?
Patriot EA is automated trading software for MetaTrader 4 (MT4), configured for market price order execution, automatic volume calculation, risk management, break-even point, automatic stop-loss orders, and time-based trade control.
Overall, this setup reflects a conservative to medium-risk automated trading strategy, designed to protect capital while capturing structured intraday price movements.
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๐งฉ Order Execution & Core Settings
๐ถ TypeOrderExecution: Market Execution
- Orders are executed instantly at the current market price.
- Suitable for fast-moving markets and scalping to intraday strategies.
๐ถ NewBar: true
- EA opens trades only on a new candle, reducing noise and false signals.
๐ถ AutoDigits: true
- Automatically adapts to broker price digits (4/5 digits).
- Improves broker compatibility and execution accuracy.
๐งฉ Risk & Money Management
๐ถ BalanceRisk: 0.5
- Uses 0.5% risk per trade, which is very conservative.
- Ideal for long-term account sustainability and drawdown control.
๐ถ Lots: 0.1
- Base lot size when auto-risk calculation is inactive or limited.
- Suitable for small to medium accounts.
๐ถ TakeProfit: 300 (points)
- Large profit target relative to stop loss.
- Suggests trend-following or swing-style intraday trades.
๐ถ StopLoss: 35 (points)
- Tight stop loss enhances risk control.
- Requires high-quality entries to avoid frequent stop-outs.
โก๏ธ Risk-to-Reward Ratio: Approximately 1:8+, which is excellent for professional trading systems.
๐งฉ Trade Identification & Spread Control
๐ถ Magic: 12345
- Unique identifier to prevent conflicts with other EAs.
๐ถ MaxSpread: 50
- EA avoids trading during high spread conditions.
- Helps protect against poor liquidity and news spikes.
๐ถ Reverse: false
- Trades follow original signal logic (no signal inversion).
๐งฉ Anti-Requote & Slippage Protection
๐ถ MaxAttempts: 3
๐ถ DelaySeconds: 3
๐ถ Slippage: 3
- EA retries order execution up to 3 times.
- Small delay and slippage tolerance reduce failed orders.
- Balanced approach between execution speed and reliability.
๐งฉ Signal Generation Settings
๐ถ PriceStep: 10
- Defines minimum price movement for signal validation.
- Filters out minor fluctuations.
๐ถ Timer: 15
- EA checks signals every 15 seconds.
- Efficient for M30 timeframe without overloading the terminal.
๐ถ iPeriod: 14
- Standard indicator period (likely RSI or moving average).
- Commonly used for trend and momentum confirmation.
๐ถ TimeFrame: 30 Minutes
- Medium-term intraday trading timeframe.
- Good balance between signal quality and trade frequency.
๐ถ iPrice: Close price
- Signals are calculated using candle close prices.
- Reduces false entries caused by intra-candle volatility.
๐งฉ Break-Even Management
๐ถ Breakeven: true
Activates multi-level break-even protection.
โก๏ธ Level 1:
- StartBreakeven_1: 10 points
- StepBreakeven_1: 2 points
โก๏ธ Level 2:
- StartBreakeven_2: 15 points
- StepBreakeven_2: 5 points
โก๏ธ Effect:
- Locks in profits early.
- Significantly reduces losing trades.
- Very useful in ranging or volatile markets.
๐งฉ Trailing Stop System
๐ถ Trailing: true
- Enables dynamic stop movement.
๐ถ TrailingStart: 30
- Trailing begins after 30 points of profit.
๐ถ TrailingStop: 25
- Maintains reasonable distance from price.
๐ถ TrailingStep: 5
- Smooth stop adjustments, avoiding premature exits.
โก๏ธ This trailing setup favors trend continuation rather than scalping.
๐งฉ Time-Based Trading Filter
๐ถ StartHours: 0
๐ถ StartMinutes: 10
๐ถ EndHours: 22
๐ถ EndMinutes: 50
- EA trades only during active market hours.
- Avoids low-liquidity rollover periods.
- Well-suited for London and New York sessions.
๐งฉ Visual & Info Settings
๐ถ ShowInfo: false
- Minimal chart clutter.
๐ถ BuyColor / SellColor / UpCol / DnCol
- Clear visual differentiation between buy/sell signals and market direction.
๐งฉ Final Conclusion โ Is This Patriot EA Setup Good?
Yes โ this is a well-balanced and professionally structured EA configuration.
๐ถ Strengths:
โ Conservative risk (0.5%).
โ Excellent risk-to-reward ratio.
โ Strong capital protection (breakeven + trailing).
โ Spread and time filters.
โ Suitable for medium-term intraday trading.
๐ถ Best For:
- Traders seeking steady growth.
- Small to medium accounts.
- Low drawdown strategies.
- Brokers with stable execution and reasonable spreads.
๐ถ Not Ideal For:
- High-frequency scalping.
- Very small accounts needing aggressive growth.
- News trading without manual control.
