Alpha Trades EA MT5 (Latest version) - Unlimited

🔢 Alpha Trades EA MT5 Settings: Complete Inputs Guide

Alpha Trades EA is an automated trading system designed for MetaTrader 5, with configurable parameters for price calculations, risk management, grid-based order series, trading signals, take-profit and stop-loss levels, trailing mechanisms, and execution settings. Its extensive Inputs panel allows traders to adjust how orders are opened, managed, and closed under different market conditions.

Understanding the Alpha Trades settings is essential for configuring position sizes, controlling trading exposure, and choosing suitable execution conditions. The following guide explains every visible input parameter and preserves the original default values shown in the settings panel.

Alpha Trades EA MT5 Settings Panel

⚙️ Calculation of the Normal Price

🔹 ScalePips = true: Enables the pip-scaling option used by the EA’s price or distance calculations. The precise scaling formula depends on the implementation and may vary according to the instrument’s price precision.

🔹 Use series complete universal bars (0-off) = 5: Sets the number of bars used by the EA’s universal-bar or series-completion calculation to 5. The parameter label indicates that 0 disables this setting; the exact effect of the selected value depends on the EA’s internal logic.

🔹 SetGridStep = 150: Sets the grid-step parameter to 150. This value may determine the price distance between grid orders. Whether the distance is measured in points, pips, or another unit depends on the EA’s calculation rules and the ScalePips setting.

⚙️ Critical Shutdown Settings

🔹 MaximumDrawdown (0-off) = 0.0: Defines the maximum drawdown threshold for the EA’s critical shutdown mechanism. The value 0.0 disables this limit according to the parameter label.

🔹 StopWorkingDrawdown = true: Enables the option to stop the EA’s trading activity when the configured drawdown condition is reached. Its practical effect depends on whether a valid drawdown threshold has been configured.

🔹 MaximumProfit (0-off) = 0.0: Sets the maximum-profit threshold for the EA’s shutdown mechanism. The value 0.0 means this limit is disabled according to the input label.

🔹 StopWorkingProfit = false: Disables the option to stop working after the configured maximum-profit condition is reached. Even if a maximum-profit value is later configured, this switch is currently set to false.

⚙️ Money Management Settings

🔹 Lot = 0.01: Sets the configured lot size to 0.01. This is the displayed base lot value; the actual volume used for individual orders may also depend on the EA’s risk-management and series-management rules.

🔹 RiskOn = true: Enables the risk-management functionality controlled by the EA’s risk settings. The actual effect depends on the selected risk mode and the relationship between the Risk, Lot, and other money-management parameters.

🔹 RiskClassic Example: true (Risk=1000-10000), false (Risk=1%-10%) = false: Selects between the two risk-calculation modes described in the parameter label. The current value false selects the mode associated with a risk value expressed as 1%-10%, rather than the alternative example range of 1000-10000. The exact calculation base must be confirmed from the EA’s implementation.

🔹 PipsNormalModificationRisk = true: Enables the risk-modification option associated with normal pip-based calculations. The precise conditions under which this setting modifies risk depend on the EA’s internal money-management logic.

🔹 StopsModificationRisk = No risk modification: Selects the stop-related risk-modification mode. The current setting explicitly indicates that no risk modification is applied through this option.

🔹 MartinCatchingLogic = Catch-up orders use increased volume, trend orders use minimum: Defines the lot-sizing behavior for different types of series orders. According to the selected description, catch-up orders use increased volume, while trend orders use the minimum volume. This can create different exposure levels across a trading series.

🔹 Risk = 1.0: Sets the numerical risk parameter to 1.0. Because the selected RiskClassic Example mode is false, the setting may be interpreted in the percentage-based mode described by the input label. The exact risk calculation and whether 1.0 represents a percentage should be verified against the EA’s implementation.

⚙️ Series Settings

🔹 LimitSeries = 14: Sets the maximum series limit to 14. This defines the configured limit for orders or stages within a series, according to the EA’s series-management logic.

🔹 TypeSeries = Grid series – orders at fixed price intervals: Selects a grid-based series strategy in which orders are placed at fixed price intervals. This means the configured grid-step logic is relevant to how additional orders may be positioned.

🔹 LotExponent = 1.6: Sets the lot multiplier or exponent parameter to 1.6. This may increase order volume as a series progresses, depending on the EA’s volume-calculation formula. If applied progressively, it can cause exposure to grow quickly.

🔹 SeriesCatchingUp = Series opens relative to order corridor: Selects the series catch-up method that opens a series relative to the order corridor. The exact corridor boundaries and entry conditions depend on the EA’s internal trading rules.

⚙️ Signal Configuration Settings

🔹 signalTf = current: Sets the signal timeframe to current, meaning the EA uses the current chart timeframe for this setting, subject to its implementation.

🔹 signalBarsA = 242: Sets the number of historical bars used by signal configuration A to 242. This value may affect the amount of price history considered by the associated signal calculation.

🔹 signalDegreeA = 8: Sets the degree parameter for signal configuration A to 8. Its exact mathematical meaning depends on the signal model implemented in the EA.

🔹 signalKstdA = 5.2: Sets the K-standard-deviation-related parameter for signal A to 5.2. The value may influence the sensitivity or range of the signal calculation, depending on the EA’s formula.

🔹 signalCoridorA = 9197: Sets the corridor parameter for signal A to 9197. The parameter may define a price corridor or threshold used by the signal logic; the exact unit and interpretation are not specified in the input label.

🔹 signalBarsB = 354: Sets the number of historical bars used by signal configuration B to 354. This controls the lookback quantity for the corresponding signal calculation.

🔹 signalDegreeB = 8: Sets the degree parameter for signal configuration B to 8. Its specific effect depends on the mathematical method used by the EA’s B signal.

🔹 signalKstdB = 22.74: Sets the K-standard-deviation-related parameter for signal B to 22.74. This is a separate value from signal A and may produce different signal behavior depending on the underlying formula.

🔹 signalCoridorB = 225: Sets the corridor parameter for signal B to 225. The value is distinct from signalCoridorA = 9197, so the two signal configurations use different corridor inputs.

🔹 signalStepCorrect = 259.0: Sets the signal-step correction parameter to 259.0. It may adjust the distance or threshold used in signal calculations, although the precise adjustment method depends on the EA’s internal logic.

⚙️ Take-Profit and Stop-Loss Settings

🔹 TakeProfit = 1000: Sets the take-profit parameter to 1000. This defines the configured profit-taking distance or threshold, but the precise unit—such as points or pips—must be confirmed from the EA’s implementation and symbol specifications.

🔹 StopLoss = 10000: Sets the stop-loss parameter to 10000. This defines the configured protective stop distance or threshold. The value is substantially larger than the displayed TakeProfit = 1000, so its unit and practical effect should be checked carefully before live trading.

⚙️ Trailing Series Settings

🔹 TrailingSeriesOn = true: Enables trailing functionality for the trading series. When the required conditions are met, the EA may adjust the series’ protective or profit-locking level according to its trailing rules.

🔹 TrailingStartSeries = 800: Sets the series trailing activation threshold to 800. The trailing mechanism may begin operating once the relevant series reaches this level, measured according to the EA’s configured distance or profit units.

🔹 TrailingStopSeries = 400: Sets the trailing-stop distance or parameter for the series to 400. Its exact meaning depends on whether the EA measures this setting in points, pips, or another unit.

⚙️ Volatility Limit Settings

🔹 VolatilityLimitOn = false: Disables the volatility filter. With this setting, the EA does not apply the volatility restriction controlled by this switch, although other entry filters may remain active.

🔹 VolatilityMin = 10: Sets the minimum volatility threshold to 10. This value becomes relevant when the volatility filter is enabled and the EA evaluates whether market volatility is sufficient for trading.

🔹 VolatilityMax = 200: Sets the maximum volatility threshold to 200. When volatility filtering is enabled, this value may define the upper boundary of the permitted volatility range.

⚙️ Spread Limit Settings

🔹 FilterCriticalSpreadOn = false: Disables the critical-spread filter controlled by this parameter. The EA will not apply this specific critical-spread restriction while the switch remains false.

🔹 SpreadLimitOn = false: Disables the standard spread-limit filter. Consequently, the SpreadMin and SpreadMax thresholds are not enforced by this switch in the current configuration.

🔹 SpreadMin = 0: Sets the minimum spread threshold to 0. If the spread filter is enabled, this value may allow the minimum-spread condition to accept values from zero upward, subject to the EA’s comparison logic.

🔹 SpreadMax = 30: Sets the maximum spread threshold to 30. This may define the highest permitted spread when the corresponding spread filter is enabled. The unit and symbol-specific interpretation should be confirmed before use.

⚙️ General Expert Advisor Parameters

🔹 EnabledBuy = true: Enables buy-order functionality. The EA is permitted to open buy trades when its entry conditions and other applicable restrictions are satisfied.

🔹 EnabledSell = true: Enables sell-order functionality. The EA is permitted to open sell trades when its entry conditions and other applicable restrictions are satisfied.

🔹 MagicNumber = 347658: Assigns the magic number 347658 to identify trades managed by the EA. This helps separate its orders from trades opened by other EAs or manually, depending on the platform’s order-management logic.

🔹 CommentOrders = [blank]: Leaves the order-comment field empty. If supported by the EA, a custom comment can be entered to help identify orders in the trading terminal or account history.

🔹 Requotes = 300: Sets the parameter named Requotes to 300. This may relate to execution retry or requote handling, but the precise meaning of the value and its unit cannot be determined from the label alone.

🔹 SetStopsLevel = 10: Sets the stop-level parameter to 10. It may be used when setting or validating stop-loss and take-profit distances, but the exact unit and handling depend on the EA’s implementation and broker restrictions.

🔹 EcnMode = false: Disables the EA’s ECN-specific operating mode. The effect of this setting depends on how the EA handles order placement, stop placement, and broker execution requirements.

🔹 AsynchronousMode = false: Disables asynchronous trade-operation handling. With this setting, the EA does not use the asynchronous mode controlled by this input; the exact execution workflow depends on the EA’s implementation.

🔹 TypeFilling = ORDER_FILLING_FOK: Selects the ORDER_FILLING_FOK order-filling policy, where supported by the broker and trading instrument. FOK means Fill or Kill: an order must be filled completely under the applicable execution rules or it is canceled rather than partially filled.

🔢 Conclusion

Alpha Trades EA MT5 offers extensive controls for grid-series trading, money management, signal calculations, trailing behavior, volatility and spread filters, and order execution. The displayed configuration includes a base lot of 0.01, a series limit of 14, a lot exponent of 1.6, a take-profit value of 1000, and a stop-loss value of 10000.

Several important safeguards are currently disabled: MaximumDrawdown = 0.0, MaximumProfit = 0.0, VolatilityLimitOn = false, FilterCriticalSpreadOn = false, and SpreadLimitOn = false. Although StopWorkingDrawdown = true, the drawdown threshold itself is set to 0.0, which the input label identifies as off.

The combination of grid-based series trading and a LotExponent of 1.6 deserves particular attention because position exposure may increase as a series develops. Before live deployment, the units for grid distance, stop-loss, take-profit, spread, and trailing parameters should be verified. Demo testing, conservative position sizing, and independent drawdown controls can help assess whether the configuration is suitable for the intended account and broker.