🔢 Aussie Loonie EA MT5 – Complete Settings & Parameters Guide
Aussie Loonie EA MT5 is a fully automated MetaTrader 5 Expert Advisor designed for trading the AUDCAD currency pair using intelligent grid management, news filtering, spread protection and advanced trade scheduling.
The EA provides flexible lot sizing, risk control, local trading session management, and automated Buy/Sell execution for forex traders seeking stable and optimized AUDCAD trading performance.

🔢 Installation Panel Parameters
Below are the details of the parameters in the advisor’s trading system settings table:
🔶 Aussie Loonie EA MT5 General Settings
🔹 TradingPair = AUDCAD — Defines AUDCAD as the primary trading symbol used by the EA.
🔹 FixedLotSize = 0.1 — Uses a fixed trading lot size of 0.1 lots.
🔹 LotStepSize = 0.01 — Increment step for increasing or decreasing lot sizes.
🔹 LotsRisk% = 0 — Risk percentage for dynamic lot sizing is disabled.
🔹 TradeComment = Aussie Loonie — Trade comment attached to all EA orders.
🔹 MagicNumber = 777589 — Unique identifier assigned to all EA trades.
🔹 ShowPanel = true — Displays the information panel directly on the MT5 chart.
🔹 TradeDirection = BuyAndSell — Allows both Buy and Sell trading operations.
🔶 Aussie Loonie EA MT5 Order Settings
🔹 Risk = Low — Uses a low-risk trading profile configuration.
🔹 Max Orders = 1 — Limits the EA to one active order at a time.
🔹 OrdersStepPips = 25.0 — Minimum distance between grid or additional orders is 25 pips.
🔹 ProfitTarget = 50.0 — Sets the overall profit target to 50 pips.
🔶 Aussie Loonie EA MT5 Stop Loss & Take Profit Settings
🔹 TakeProfitPips = 30.0 — Individual Take Profit target is 30 pips.
🔹 StopLossPips = 50.0 — Individual Stop Loss value is 50 pips.
🔹 StopLossPipsAll = 0.0 — Global Stop Loss for all trades is disabled.
🔹 StopLossPercent = 100.0 — Maximum percentage-based Stop Loss threshold.
🔶 Aussie Loonie EA MT5 Trade Hours Settings
🔹 Enable24HTrading = true — Enables 24-hour trading mode.
🔹 TradeMonday = true — Allows trading activity on Monday.
🔹 MondayStartTime = 08:00 — Monday trading session starts at 08:00 local time.
🔹 MondayEndTime = 22:00 — Monday trading session ends at 22:00 local time.
🔹 TradeTuesday = true — Allows trading activity on Tuesday.
🔹 TuesdayStartTime = 08:00 — Tuesday trading session starts at 08:00 local time.
🔹 TuesdayEndTime = 22:00 — Tuesday trading session ends at 22:00 local time.
🔹 TradeWednesday = true — Allows trading activity on Wednesday.
🔹 WednesdayStartTime = 08:00 — Wednesday trading session starts at 08:00 local time.
🔹 WednesdayEndTime = 22:00 — Wednesday trading session ends at 22:00 local time.
🔹 TradeThursday = true — Allows trading activity on Thursday.
🔹 ThursdayStartTime = 08:00 — Thursday trading session starts at 08:00 local time.
🔹 ThursdayEndTime = 22:00 — Thursday trading session ends at 22:00 local time.
🔹 TradeFriday = true — Allows trading activity on Friday.
🔹 FridayStartTime = 08:00 — Friday trading session starts at 08:00 local time.
🔹 FridayEndTime = 20:00 — Friday trading session ends at 20:00 local time.
🔶 Aussie Loonie EA MT5 News Filter Settings
🔹 EnableNewsFilter = true — Activates the built-in economic news filter.
🔹 MinutesBeforeNews = 60 — Stops trading 60 minutes before important news events.
🔹 MinutesAfterNews = 60 — Resumes trading 60 minutes after news events.
🔹 Report for AUD = true — Monitors economic news related to AUD currency.
🔹 Report for CAD = true — Monitors economic news related to CAD currency.
🔶 Aussie Loonie EA MT5 Broker Protection Settings
🔹 MaxSpread = 5.0 — Maximum spread allowed before blocking new trades.
🔹 Slippage = 2.0 — Maximum execution slippage allowed during order processing.
🔢 Conclusion
Aussie Loonie EA MT5 is a specialized AUDCAD trading Expert Advisor built for MetaTrader 5 traders who want structured risk management, smart news protection, and controlled trading execution. With features like fixed lot sizing, low-risk mode, session-based trading, spread protection, and automated Buy/Sell trading, the EA provides a stable and professional solution for automated forex trading on the AUDCAD pair.
🔢 FAQs
❓ What is Aussie Loonie EA MT5?
Aussie Loonie EA MT5 is an automated forex trading robot designed specifically for the AUDCAD currency pair on MetaTrader 5.
❓ Does Aussie Loonie EA MT5 support news filtering?
Yes, the EA includes a built-in economic news filter for AUD and CAD news events.
❓ Can Aussie Loonie EA MT5 trade both Buy and Sell positions?
Yes, the EA supports simultaneous Buy and Sell trading directions.
❓ What is the default Take Profit and Stop Loss setting?
The default Take Profit is 30 pips and the default Stop Loss is 50 pips.
❓ Does Aussie Loonie EA MT5 support 24-hour trading?
Yes, the EA supports 24-hour trading with customizable trading sessions for each weekday.









