The Shauns CoPilot EA is a highly customizable trading robot designed for MetaTrader 4. By examining its input settings, we can see that this Expert advisor (EA) combines advanced trade management, flexible risk controls, and multiple technical filters to optimize performance. Below is a breakdown of the main categories and their significance:
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🔧 Core Trade Settings
- Anchor Base Lot Size: 0.02 | Scalp Base Lot Size: 0.01
These define the initial trade sizes, allowing both anchor and scalp positions to work together for diversification. - Maximum Anchor Lot Size: 10.0 | Maximum Scalp Lot Size: 5.0
Indicates that the EA supports scaling up positions, suitable for accounts with larger balance growth. - Enable Dynamic Lot Size: True
This enables proportional lot sizing based on account equity, enhancing money management. - Base Balance: 1000
A reference value for risk calculation and dynamic scaling.
📊 Trade Rules
- Trade Bias: Buy & Sell (both anchor and scalp)
Ensures the EA can operate in both bullish and bearish conditions. - Maximum Number of Scalp Positions: 5
Limits exposure from scalp trades to reduce risk. - Break Even Function: Enabled at +10 pips with +2 buffer
Protects profits by shifting SL to breakeven once the market moves favorably. - Partial Close Strategy: Close 50% at TP1, then 50% of remaining at TP2 (75% total)
This ensures profits are locked in stages while leaving room for extended gains. - Take Profit: 50 pips | Stop Loss: 0 (flexible management)
Indicates the EA relies more on partial closures and trailing logic rather than fixed SL.
🛡️ Risk Management
- Max Spread: 20 | Slippage: 3
Protects against poor execution during volatile periods. - Floating Loss Control: All Trades | Max Floating Loss: 0 (disabled)
EA does not impose strict floating loss cut-offs but relies on strategy exits. - Trailing, Secure Profit, and Incremental Features: Disabled
Keeps the system straightforward, focusing on partial close and breakeven management.
📈 Indicator & Filter Settings
- Combine Indicators: True
Signals must align across multiple filters for higher accuracy. - EMA Entry Filter: Enabled (EMA 20)
Ensures trades align with short-term momentum. - HTF Filter: Enabled with 20 EMA on higher timeframe
Confirms entries with higher timeframe trends, adding robustness. - Time Filter: Trades between 02:00 – 22:00 server time
Avoids low-liquidity hours and weekend risk. - Disable Trading: Dec 15 – Jan 15
Prevents trades during holiday periods when markets are unstable.
📉 Optional Indicator Modules (Disabled by Default)
- Bollinger Bands, Stochastic, Fair Value Gap, and Support & Resistance Signals are available but turned off.
This shows the EA’s flexibility – traders can enable extra confirmation filters for different market conditions.
⚙️ Advanced Settings
- Anchor Magic Number: 10001 | Scalp Magic Number: 10002
Allows separation of strategy layers for precise trade management. - Market Close: 23:50
Ensures all trades are closed before rollover spreads and swaps.
✅ Conclusion
The Shauns CoPilot EA is a multi-layered automated trading system that blends anchor trades with scalping entries, risk-controlled lot sizing, and advanced filters. Its dynamic lot sizing, partial close strategy, and higher timeframe EMA confirmations make it a balanced EA suitable for both aggressive and conservative traders.
- Best for: Traders seeking a flexible EA with advanced money management.
- Risk Level: Adjustable, depending on whether partial closures and filters are enabled.
- Key Strength: Ability to adapt across market conditions while minimizing exposure with breakeven and partial close rules.
This makes Shauns CoPilot EA an excellent choice for traders looking to combine precision entries with scalable money management for long-term growth.