🧩 What is Unparallel Code EA?
Unparallel Code EA is an automated trading system for MetaTrader 4 (MT4) that combines grid, martingale, recovery and trend-filter logic. The settings shown indicate a highly flexible risk-management structure, designed to survive drawdowns while attempting to recover losses through position scaling and directional control.
🧩 Lot Size & Martingale Management
🔹 Starting_Lot_first_Pos = 0.01
- Initial trade opens with a very small lot, suitable for small or medium accounts.
- Helps reduce early drawdown and protects capital.
🔹 Multiplier_Martingale = 1.5
- Each subsequent trade increases by 1.5x, which is a moderate martingale factor.
- Safer than aggressive multipliers (2.0+), reducing risk of account wipe.
🔹 Max_Lot_Martingale = 100.0
- Maximum allowed lot size for martingale expansion.
- Acts as a hard safety cap to prevent uncontrolled lot growth.
🧩 Trade Spacing & Grid Control
🔹 Min_Distance_in_pips_between_trades_1st_Condition = 60
🔹 Min_Distance_in_pips_between_trades_2nd_Condition = 150
- EA uses two distance rules, likely depending on market condition or drawdown level.
- Wider spacing (150 pips) reduces over-trading during high volatility.
👉 This confirms the EA uses adaptive grid logic, not fixed spacing.
🧩 Stop Loss & Emergency Protection
🔹 Stop_Loss_Pips_for_each_position = 9999
🔹 Stop_Loss_for_1st_Position = 9999
- Practically no fixed stop loss per trade.
- EA relies on equity-based and money-based protection instead.
🔹 EMERGENCY_TP_in_money = 0.55
- Emergency take profit closes all trades once a minimum recovery profit is reached.
- Protects the account during extreme drawdown recovery phases.
⚠️ This confirms the EA is grid-martingale based, not SL-based.
🧩 Profit & Loss Control (Money-Based Logic)
🔹 Min_TP_in_Money = 1.55
- Minimum basket profit required before closing all positions.
- Ensures trades are not closed too early.
🔹 Close_ALL_when_loss_is_greater_than_minus_X_money = -9999
🔹 If_loss_is_X_Money_close_oldest_trade = -9999
- Disabled money stop-out features.
- Suggests trader prefers manual or equity-based intervention.
🧩 Position Scaling & Trade Limitation
🔹 Max_Sells = 15
🔹 Max_Buys = 15
- Maximum number of open trades per direction.
- Prevents infinite grid stacking.
🔹 Start_Overlap_after_X_positions = 7
- After 7 trades, EA may open both buy and sell positions.
- Used to hedge or neutralize strong trends.
🔹 Open_Opposite_direction_after_X_positions = 2
- Early hedging mechanism after 2 positions.
- Reduces directional risk during unexpected reversals.
🧩 Trend Filter & Technical Control
🔹 MA = 40
- Moving Average period used as a trend filter.
- Ensures trades align with medium-term market direction.
🔹 After_X_trades_open_next_on_MA_trend = 9
- After 9 trades, EA strictly follows MA trend.
- Prevents excessive counter-trend exposure.
🧩 Time Filter (Trading Sessions)
🔹 inp2211_TimeStart = 00:10
🔹 inp2211_TimeEnd = 23:50
- EA is active nearly 24 hours per day.
🔹 inp9999_TimeStart = 09:00
🔹 inp2832058/4297_TimeEnd = 14:30
- Additional restricted trading window, likely avoiding high-risk news periods or low-liquidity sessions.
🧩 Magic Number
🔹 Magic Number = 9941
- Unique identifier for EA trades.
- Allows safe use of multiple EAs or manual trading on the same account.
🧩 Final Conclusion (Expert Review)
✅ Unparallel Code EA MT4 is a semi-aggressive grid martingale EA with:
- Smart lot scaling (1.5 martingale).
- Adaptive grid spacing.
- Trend filtering using MA.
- Basket-based profit management.
- Emergency recovery logic.
- Time-based trading filters.
⚠️ However, it does not use traditional stop losses, which means:
- Strong risk management and account size are critical.
- Best suited for cent, hedge, or high-margin accounts.
- Recommended leverage: 1:500 or higher.
⭐ Best Use Case
- Experienced traders.
- Long-term automated trading.
- Pairs with stable volatility (EURUSD, USDJPY, AUDUSD).