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Stellar EA MT4 Settings – Full Technical Breakdown (Expert Advisor Inputs)

The Stellar EA (Expert Advisor) for MetaTrader 4 (MT4) offers a robust set of configurable parameters tailored for algorithmic trading. Below is a complete breakdown of its input settings to help traders fine-tune performance, risk management, and execution strategies.

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Stellar EA MT4 Settings – Full Technical Breakdown (Expert Advisor Inputs) 4

🕒 Trading Time Settings

  • Start_Hour: 00:00
  • End_Hour: 23:59
    Enables trading 24 hours a day, ideal for capturing all market sessions.

📏 Lot Size & Risk Management

  • size: 0.01
    Fixed lot size per trade.
  • Use Lots on Risk percentage: false
    Disables dynamic lot sizing based on risk.
  • Risk Percentage: 1.0
    Applied only if dynamic risk is enabled.

🎯 Take Profit & Stop Loss Configuration

  • TP Pips: 15.0
  • Use_TP_RR: true
  • TP_Ratio: 2.0
    Take Profit is dynamically calculated as 2× SL.
  • Use_SL_Pips: true
  • SL_Pips: 15.0
  • Use_Dynamic_SL: false
    Uses fixed stop loss of 15 pips.

📈 Entry Conditions

  • SL_Offset_ATR: 0.1
    Small buffer based on ATR for SL placement.
  • Expier_Pending_Order_After_Candles: 5
    Pending orders expire after 5 candles.
  • Min_Body_Pips: 10.0
  • Max_Body_Pips: 30.0
    Filters out candle sizes to qualify entry conditions.
  • Entry_Percentage: 40.0
  • Offset Entry Gap Pips: 20.0
    Entry is placed 20 pips away to filter false breakouts.

💰 Daily Take Profit Settings

  • Per Day Take Profit?: true
  • Closes All Orders Once Per Day Take Profit Hits This $ amount: 500.0
    Ensures EA stops trading for the day after reaching $500 profit.

📉 Max Drawdown Protection

  • Use_Max_DD: true
  • Max_DD_Percentage: 50.0
  • Remove_EA_On_DD: true
    Automatically disables EA if drawdown exceeds 50%.

🔍 ATR Settings

  • atr_period: 60
    Long-term ATR used for volatility-based filters or calculations.

🔁 Trailing Stop Loss Settings

  • Use Trailing: false
    Trailing is disabled in this setup.
  • Trailing Activating Pips: 10.0
  • First SL Pips: 1.0
  • Trailing Step move Pips: 1.0
  • Trailing Stop move Pips: 1.0
    These values are configured but inactive due to trailing being off.

🔄 BreakEven Filter Settings

  • Use Breakeven: true
  • Breakeven Activating Pips: 7
  • Breakeven Set Pips: 1
    At +7 pips profit, SL is moved to +1 pip to secure profits.

📌 Conclusion

The Stellar EA MT4 Settings are optimized for high-frequency trading with strong risk management:

  • ✅ Uses fixed TP/SL with optional RR-based TP.
  • ✅ Supports daily profit caps and maximum drawdown protection.
  • ✅ Allows advanced entry filters via ATR and candle analysis.
  • ✅ Offers break-even and trailing stop features, though trailing is disabled in this setup.

These settings are ideal for traders seeking low-risk, automated scalping or intraday strategies with built-in fail-safes to protect capital.

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