🔢 Daytrade Pro Algo MT4 Settings Guide
Daytrade Pro Algo MT4 is an automated trading Expert Advisor designed for systematic day trading across multiple major and cross-currency pairs. Its configuration includes flexible multi-pair trading, virtual expiration, trade limits, position sizing, risk-per-pair controls, Prop Firm-oriented settings and free-margin protection.
Traders can also adjust entry, Stop Loss, Take Profit, trailing Stop Loss, trailing Take Profit, and break-even parameters to fine-tune the EA's trade management behavior.
🔢 Daytrade Pro Algo MT4 Input Settings
🎯 General Information Panel
🔹 ShowInfoPanel = true — Enables the information panel on the MT4 chart so users can view relevant EA information while it is running.
🔹 Adjustment for Infopanel size = 1.0 — Sets the information-panel size adjustment to 1.0, representing the configured display scale.
🔹 update infopanel during testing = false — Disables information-panel updates while the EA is running inside the MT4 Strategy Tester.
🎯 General Trading Settings
🔹 Use OneChartSetup = false — Disables the One Chart Setup mode, meaning the EA is not configured to operate through a single chart using the listed currency pairs.
🔹 OneChartSetup → Pairs to run = EURUSD;GBPUSD;USDJPY;AUDUSD;XAUUSD;GBPJPY;USDCAD;EURJPY;EURNZD;EURAUD;NZDUSD;AUDJPY;CHFJPY; — Defines the currency pairs and trading symbols configured for the One Chart Setup mode, including EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD, GBPJPY, USDCAD, EURJPY, EURNZD, EURAUD, NZDUSD, AUDJPY, and CHFJPY.
🔹 Friday stop hour (broker time: close all trades) = 25 — Sets the Friday stop-hour parameter to 25 for the configured broker-time schedule and trade-closing logic.
🔹 setSL_TP_After_Entry = false — Disables the option to set Stop Loss and Take Profit after the position has been opened.
🔹 Use Virtual Expiration = true — Enables virtual expiration management for trades according to the EA's internal expiration logic.
🔹 Maximum number of open trades (per pair) = 99 — Allows a maximum configured limit of 99 open trades per pair.
🔹 Randomization (entries and exit) in pips = 0.0 — Sets entry and exit randomization to 0.0 pips, meaning no additional randomization is configured.
🔹 Magicnumber = 5656 — Sets the unique Magic Number to 5656, allowing the EA to identify and manage its own trades.
🔹 Comment for trades = DayTrade Pro — Sets DayTrade Pro as the trade comment used to identify positions opened by the EA.
🎯 Prop Firm Unique Trades Settings
🔹 AdjustEntry = 0.0 — Sets the entry adjustment value to 0.0, meaning no additional entry adjustment is configured.
🔹 AdjustSL = 0.0 — Sets the Stop Loss adjustment to 0.0, leaving the configured Stop Loss level unchanged by this adjustment parameter.
🔹 AdjustTP = 0.0 — Sets the Take Profit adjustment to 0.0, meaning no additional Take Profit adjustment is configured.
🔹 AdjustTrailSL = 0.0 — Sets the trailing Stop Loss adjustment to 0.0.
🔹 AdjustTrailTP = 0.0 — Sets the trailing Take Profit adjustment to 0.0.
🔹 AdjustBreakEven = 0.0 — Sets the break-even adjustment to 0.0, meaning no additional break-even offset is configured.
🎯 Lot Size Settings
🔹 Lotsize Calculation method = use Startlots — Selects use Startlots as the active method for calculating the initial trading volume.
🔹 StartLots = 0.01 — Sets the starting lot size to 0.01 lots, establishing the initial trade volume.
🔹 LotsizeStep = 2500 — Sets the account-balance step used by the EA's lot-size calculation to 2500.
🔹 Max Risk per Pair = 3.0 — Sets the maximum configured risk per trading pair to 3.0.
🔹 Set Max Daily Drawdown (Prop Fimms) = 0.0 — Sets the maximum daily drawdown parameter for Prop Firm management to 0.0.
🔹 Use Equity Instead of Balance = false — Disables equity-based lot-size calculation, meaning the EA does not use equity instead of balance under this setting.
🔹 OnlyUp = false — Disables the OnlyUp option in the lot-size calculation system.
🔹 check for free margin before setting trades = true — Enables free-margin checking before the EA attempts to place trades, helping verify that sufficient available margin exists.
🔢 Daytrade Pro Algo MT4 Risk Management Overview
The displayed Daytrade Pro Algo MT4 configuration provides several controls for automated multi-pair trading and account management. The EA is configured with StartLots = 0.01, LotsizeStep = 2500, and Max Risk per Pair = 3.0, allowing the position-sizing system to be configured around account balance and pair-specific risk.
The EA also includes a dedicated Prop Firm settings section with AdjustEntry = 0.0, AdjustSL = 0.0, AdjustTP = 0.0, AdjustTrailSL = 0.0, AdjustTrailTP = 0.0, and AdjustBreakEven = 0.0. These values indicate that no additional numerical adjustments are configured in the displayed setup.
For trade protection and account management, Use Virtual Expiration = true and check for free margin before setting trades = true are enabled. Meanwhile, Set Max Daily Drawdown (Prop Fimms) = 0.0 means the displayed configuration does not specify a positive daily drawdown limit through this particular parameter.
The EA also uses Magicnumber = 5656 and the trade comment DayTrade Pro to distinguish its positions. The maximum configured number of open trades is 99 per pair, while entry and exit randomization remains disabled with Randomization = 0.0 pips.
🔢 Multi-Pair Trading Configuration
The displayed One Chart Setup list contains multiple Forex pairs as well as XAUUSD:
🔹 EURUSD — Included in the configured One Chart Setup pair list.
🔹 GBPUSD — Included in the configured One Chart Setup pair list.
🔹 USDJPY — Included in the configured One Chart Setup pair list.
🔹 AUDUSD — Included in the configured One Chart Setup pair list.
🔹 XAUUSD — Gold is included in the configured One Chart Setup pair list.
🔹 GBPJPY — Included in the configured One Chart Setup pair list.
🔹 USDCAD — Included in the configured One Chart Setup pair list.
🔹 EURJPY — Included in the configured One Chart Setup pair list.
🔹 EURNZD — Included in the configured One Chart Setup pair list.
🔹 EURAUD — Included in the configured One Chart Setup pair list.
🔹 NZDUSD — Included in the configured One Chart Setup pair list.
🔹 AUDJPY — Included in the configured One Chart Setup pair list.
🔹 CHFJPY — Included in the configured One Chart Setup pair list.
However, Use OneChartSetup = false in the displayed configuration, so this listed multi-symbol setup is not enabled by that input.
🔢 Conclusion
Daytrade Pro Algo MT4 offers a broad set of configuration options for automated day trading, including multi-pair symbol selection, trade identification, virtual expiration, maximum open trades, lot-size calculation, risk controls, Prop Firm-specific adjustments, and free-margin protection.
The displayed setup uses StartLots = 0.01, LotsizeStep = 2500, Max Risk per Pair = 3.0, Magicnumber = 5656, and Use Virtual Expiration = true. It also keeps all Prop Firm adjustment values at 0.0 and enables free-margin verification before placing trades.
Because the appropriate settings depend on the trading account, broker conditions, symbol specifications, and risk tolerance, traders should test Daytrade Pro Algo MT4 with their intended configuration before using it in a live environment.
