Apex Trader MT4 v1.6 + Setfiles (Platform build 1476+)

🔢 Apex Trader MT4 Settings Guide

Apex Trader MT4 is an automated trading Expert Advisor designed with configurable trade execution, pending-order management, grid controls, drawdown protection, lot-size calculation and GMT synchronization.

The EA provides separate controls for Buy and Sell trading, spread conditions, virtual Take Profit, grid lot-size increments, maximum drawdown protection, and account-balance-based position sizing.

With dedicated risk-management and execution parameters, Apex Trader MT4 allows traders to customize how positions are opened, managed, and protected according to their trading environment.

Apex Trader MT4 Settings Panel

🔢 Apex Trader MT4 Input Settings

⚙️ EA Settings

🔹 ShowInfoPanel = true — Enables the EA information panel on the MT4 chart to display relevant trading and operating information.

🔹 Adjustment for Infopanel size = 1.0 — Sets the information-panel size adjustment to 1.0, defining the configured display scale.

🔹 update infopanel during testing = false — Disables information-panel updates while Apex Trader MT4 is running during testing or backtesting.

🔹 comment = Apex Trader — Sets Apex Trader as the trade comment used to identify positions opened by the EA.

🔹 MagicNumber = 1999654 — Assigns the unique Magic Number 1999654, allowing the EA to identify and manage its own trades.

🔹 OneChartSetup = false — Disables the One Chart Setup mode in the displayed configuration.

🔹 OneChartSetup_Pairs = AUDCAD:AUDNZD:NZDCAD: — Defines the configured One Chart Setup pair list as AUDCAD, AUDNZD, and NZDCAD.

🔹 only monitor open trades, no new grids = false — Disables the mode that only monitors existing trades without creating new grid positions.

🔹 enableBuyTrades = true — Enables Buy trading, allowing the EA to open long positions when its trading conditions are satisfied.

🔹 enableSellTrades = true — Enables Sell trading, allowing the EA to open short positions when its trading conditions are satisfied.

⚙️ Trade Settings

🔹 Max Spread allowed for setting pending order = 18.0 — Sets the maximum spread allowed for placing pending orders to 18.0.

🔹 Spread at which pending orders are deleted = 23.0 — Configures pending orders to be deleted when the spread reaches 23.0, according to the EA’s spread-management logic.

🔹 Use Virtual TP = false — Disables the Virtual Take Profit function in the displayed configuration.

🔹 Ovemide maximum number of grid trades = 0 — Sets the override for the maximum number of grid trades to 0.

🔹 grid lotsize increments = 1:3:5:7:9:11:13:15:17:19:21:23:25:27:29:31:33:35:37:39:41: — Defines the configured grid lot-size increment sequence as 1, 3, 5, 7, 9, 11, 13, 15, 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, and 41.

🔹 Use Pending limit-orders = true — Enables the use of pending Limit orders for trade entries.

⚙️ Maximum Drawdown Settings

The MAX DRAWDOWN SETTINGS section states that the EA can close all positions if the maximum allowed drawdown is exceeded. The panel also recommends using one of the available drawdown-protection methods to help protect the trading account and advises users to read the manual for appropriate values.

🔹 killswitch based on max historical pips DD = true — Enables the drawdown-based kill switch using the maximum historical pip drawdown as the trigger condition.

🔹 HardSLDistance = 2000.0 — Sets the hard Stop Loss distance to 2000.0.

🔹 Max Allowed DD in currency (per 0.01lots) = 0.0 — Sets the maximum allowed drawdown measured in currency per 0.01 lots to 0.0.

🔹 Max Allowed DD in percentage = 0.0 — Sets the maximum allowed drawdown percentage to 0.0.

🔹 Use only EA’s drawdown for calculation = false — Disables the option to calculate drawdown using only the EA’s own trades.

⚙️ Lotsize Settings

🔹 AutoLotMode = use StartLots — Selects use StartLots as the active lot-size calculation method.

🔹 StartLots = 0.01 — Sets the starting trading volume to 0.01 lots.

🔹 LotsizeStep = 7500 — Sets the balance/lot-size calculation step to 7500.

🔹 balance selection for AutoLotsize calculations = use account balance — Configures automatic lot-size calculations to use the account balance as the balance reference.

🔹 OnlyUp = true — Enables the OnlyUp option in the lot-size management system.

⚙️ GMT Settings

🔹 AutoGMT (does NOT work in backtesting) = true — Enables automatic GMT detection. The parameter explicitly states that AutoGMT does NOT work in backtesting.

🔹 GMT Offset winter = 2 — Sets the winter GMT offset to 2.

🔹 GMT Offset summer = 3 — Sets the summer GMT offset to 3.

⚙️ Apex Trader MT4 Trade Management Overview

Apex Trader MT4 provides a combination of automated trade execution and grid-based position-management controls. Both enableBuyTrades = true and enableSellTrades = true are active, allowing the EA to operate in both market directions.

The displayed configuration uses a Max Spread allowed for setting pending order = 18.0 and deletes pending orders when the spread reaches 23.0. Use Pending limit-orders = true enables Limit-order-based entries, while Use Virtual TP = false keeps the Virtual Take Profit feature disabled.

The grid configuration contains a detailed lot-size increment sequence ranging from 1 through 41 using odd-numbered increments. The Ovemide maximum number of grid trades = 0 parameter is also shown in the configuration.

⚙️ Apex Trader MT4 Drawdown Protection

The EA includes a dedicated maximum drawdown management section. killswitch based on max historical pips DD = true enables the historical pip drawdown-based kill switch, while HardSLDistance = 2000.0 defines the hard Stop Loss distance.

The displayed settings show Max Allowed DD in currency (per 0.01lots) = 0.0 and Max Allowed DD in percentage = 0.0. Meanwhile, Use only EA’s drawdown for calculation = false means the EA-only drawdown calculation option is disabled in this configuration.

These parameters should be reviewed carefully because drawdown and emergency-exit settings can significantly affect how positions are managed when adverse market movements occur.

⚙️ Apex Trader MT4 Lot Size Management

The displayed lot-size configuration uses AutoLotMode = use StartLots, with StartLots = 0.01. The LotsizeStep = 7500 parameter defines the configured step used by the lot-size calculation.

The EA uses account balance as the reference for AutoLotsize calculations, while OnlyUp = true enables the corresponding OnlyUp setting.

⚙️ Apex Trader MT4 Symbol Configuration

The screenshot includes the following symbols in the One Chart Setup list:

🔹 AUDCAD — Included in the configured OneChartSetup_Pairs list.

🔹 AUDNZD — Included in the configured OneChartSetup_Pairs list.

🔹 NZDCAD — Included in the configured OneChartSetup_Pairs list.

However, OneChartSetup = false, meaning the One Chart Setup mode itself is disabled in the displayed configuration.

🔢 Conclusion

Apex Trader MT4 offers a detailed configuration framework for automated trading, including Buy and Sell controls, pending Limit orders, spread filtering, grid management, drawdown protection, lot-size calculation, and automatic GMT synchronization.

Before using Apex Trader MT4 on a live account, traders should test the configuration under their specific broker conditions. Particular attention should be given to the grid increments, pending-order spread limits, hard Stop Loss distance, and drawdown-management settings, as these parameters directly influence trade execution and position management.