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Silicon Ex MT5 Settings Review & Analysis

What is Silicon Ex MT5?

Silicon Ex MT5 is an Expert Advisor (EA) designed for deposit acceleration, employing an aggressive Martingale/Grid strategy with an exponential Step Exponent of 1.6. It is characterized by high-risk leverage (15% risk per trade) and advanced order management tools like dynamic trailing for both pending and executed orders, allowing for rapid accumulation and recovery.

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Silicon Ex MT5 Settings Review & Analysis 4

Capital Management & Risk: The Financial Leverage

This section defines the risk level based on your capital percentage and how the EA increases trade volume.

ParameterValueMeaning (Simplified)Impact on Risk
Risk OntrueEnables percentage-based risk management. The EA automatically calculates the lot size based on your account balance and the set risk percentage.Necessary for proper trade size control.
½ Risk15.0Risk Percentage per Trade. This means the EA calculates the lot size so that if the trade hits the StopLoss (1200 points), you will lose 15% of your current capital.Extremely High! Most professional traders use a maximum of 1-3% risk per trade. This level carries significant risk.
½ FixLot0.01Minimum/Base Lot Size for the first trade, used if Risk On is disabled, or as the starting lot before multiplication.The standard smallest volume (0.01 Lot).
Price CorrectiontrueEnables price adjustment. The EA attempts to ensure the execution price is as close as possible to the requested price, minimizing slippage effects.Helps increase the precision of the entry point.

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Advanced Martingale/Grid Strategy

These are the core strategic parameters, defining how the EA accumulates trades and increases volume exponentially. These indicators require close monitoring.

ParameterValueMeaning (Simplified)Strategy Implication
01 CountSeria18Maximum number of consecutive orders allowed to be open in a single trade chain or grid.This is a high number, indicating a strategy designed to withstand significant drawdowns by opening many recovery orders.
½ StepExponent1.6The Lot Multiplier for the subsequent trade. The new trade volume will be the old volume multiplied by 1.6.Example: Trade 1 (0.1 Lot), Trade 2 (0.1 * 1.6 = 0.16 Lot), Trade 3 (0.16 * 1.6 = 0.256 Lot)… This is an aggressive Martingale strategy, carrying high risk.
01 LevelStart150The distance in points to open the first order or the minimum distance between grid orders (Grid Step).150 points is likely 15 pips (or 1.5 pips). A medium distance for a Grid strategy.
½ StepCorrections259.0Minimum distance in points between correction orders. When the market moves adversely, a “correction” order is opened 259 points away from the previous one (about 25.9 pips).A crucial parameter in the strategy for loss recovery and hedging.
01 LengthA / 01 LengthB242 / 354Cycle/Time length (possibly Moving Average periods, RSI cycles, or other calculation lengths) for signals A and B.Base parameters the EA uses to determine entry signals.
½ DeviationA / ½ DeviationB5.2 / 22.74Signal Threshold/Deviation for signals A and B. For instance: The value must deviate by ±5.2 or ±22.74 from some average to trigger an order.Determines the sensitivity of the entry signals.

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Advanced Order Management: Trailing & Capital Protection

These parameters dictate how the EA protects profit and manages pending orders (limit/stop orders).

ParameterValueMeaning (Simplified)Functionality
01 TakeProfit2400Absolute Take Profit (TP) in points. Equivalent to 240 pips (or 24 pips).The basic profit target for the trade.
01 StopLoss1200Absolute Stop Loss (SL) in points. Equivalent to 120 pips (or 12 pips).The basic cut-loss level. The current R:R ratio is 2:1 (TP is double the SL).
TrailingPendingOntrueEnables Trailing for Pending Orders. Buy Limit/Stop or Sell Limit/Stop orders will automatically move along with the price.Optimizes the entry point for limit/stop orders.
01 TrailingPendingStart50Point distance to start trailing pending orders. If the price moves 50 points (5 pips) in a favorable direction, the pending orders will move.Adds flexibility to pending order placement.
TrailingOrdertrueEnables Trailing Stop. The SL of an executed trade will automatically move to lock in profit as the price moves favorably.Essential for protecting profits in trending markets.
01 TrailingOrder Start500Profit level (in points) to activate Trailing Stop. When a trade is 500 points (50 pips) in profit, the Trailing Stop is activated.The trigger threshold for Trailing Stop.
01 TrailingOrder Stop100Stop Loss distance (in points) to trail behind the price once the Trailing Stop is activated. The SL will be placed 100 points (10 pips) away from the current price.Ensures 400 points (500 – 100) of profit are immediately locked in when the Trailing Start condition is met.

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Operational & System Settings

ParameterValueMeaning (Simplified)Purpose
01 MagicNumber984651The unique identification number for this EA’s trades.Differentiates the EA’s trades from manual trades or other EAs.
ab Orders CommentHubbleA custom note attached to the orders.Used for logging and tracking trades.
01 Requotes3Maximum number of retries to fill an order when a Requote is received.Increases the chance of order execution during volatile market conditions.
Action FillingORDER\_FILLING\_FOKOrder Filling Type: Fill Or Kill (FOK). The entire order volume must be filled immediately, or it will be canceled.Ensures speed and execution accuracy.
SpreadLimitOnfalseDisables the Spread limit. The EA will open trades regardless of the current Spread.Warning! This can lead to the EA opening trades when the Spread is extremely high (e.g., during news), severely impacting profitability.
01 SpreadLimitMin/Max0 / 30No effect since SpreadLimitOn = false. If enabled, this would be the maximum acceptable Spread.For safety, you should consider enabling (true) this parameter and setting a suitable Max Spread (e.g., 30 = 3 pips).

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Strategy Risk Summary

This EA employs a High-Risk Leverage strategy (15% Risk) combined with an Aggressive Martingale (Step Exponent 1.6) and a High Number of Trades (CountSeria 18).

  • Pros: High potential for rapid profit generation in sideways or weak trending markets, quick recovery from minor losses.
  • Cons: Extremely high Drawdown risk. If the market experiences a prolonged, strong trend, the account could face margin call or be wiped out very quickly due to the exponentially increasing lot sizes.

Crucial Advice: Given the 15% risk setting and 1.6 Martingale, you absolutely must not use this on a live account until you reduce the ½ Risk to below 5% (or ideally 1-3%) and have thoroughly backtested long-term trend scenarios.

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