Viserys II EA is a MetaTrader 4 Expert Advisor (EA) that operates with fixed risk and a technical trend-based strategy. The configuration shown below reflects a balanced setup between risk management, trade control, and adaptive trailing logic.
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Core Trading Configuration
| Parameter | Value | Description |
|---|---|---|
Use Risk percent? | false | Disables dynamic lot calculation. Fixed lot size is used regardless of account balance. |
Fixed Lot | 0.01 | Minimal trade volume, suitable for micro or cent accounts. |
Risk | 1.8 | Defined risk level (used internally if dynamic risk is ever enabled in future updates). |
Base Trading Settings
| Parameter | Value | Description |
|---|---|---|
TakeProfit | 120 pips | The EA closes a trade when it reaches 120 pips profit. |
StopLoss | 450 pips | A relatively wide stop-loss, which implies it allows room for price fluctuation or swing trading. |
Trailing | 30 pips | Activates trailing stop to lock in profit after price moves in favor by 30 pips. |
Operational Controls
| Parameter | Value | Description |
|---|---|---|
Base Pip | 100.0 | Used as a scaling reference unit in calculations like pip movement filters. |
Time Range | 5 | Could indicate the timeframe window in minutes or trading session limit; exact function depends on EA’s logic. |
Max Trade | 5 | Limits the number of simultaneous open positions to 5. This helps in controlling margin usage. |
Spread | 40.0 | Maximum spread (in points) allowed to execute a trade. Helps avoid entries during volatile spreads. |
Slippage | 10 | Maximum allowed slippage (in points) to maintain trade entry accuracy. |
Magic Number | 2803 | Unique identifier to distinguish this EA’s trades from others on the same MT4 account. |
Summary
Viserys II EA for MT4 is a robust Expert Advisor designed for moderate to long-term traders. With a fixed lot configuration, built-in trailing stop, and wide take-profit/stop-loss structure, it is ideal for swing or volatility-based strategies. The EA supports up to 5 concurrent trades, executes only under defined spread conditions (≤ 4.0 pips), and maintains tight control over trade slippage.
This EA is ideal for traders seeking:
- Fixed-lot controlled exposure
- Trailing stop protection
- Stability in ranging or volatile conditions
- Multi-trade logic with strict limiters