🔢 EA New Player MT5 Settings Explained – Full Configuration Guide for Automated Trading
EA New Player MT5 is a powerful automated Forex trading robot for MetaTrader 5 that combines martingale recovery, multi-timeframe signal filtering, RSI analysis, Moving Average confirmation, Bollinger Bands and advanced custom indicators.
The EA is designed for traders who want flexible risk management, customizable strategy selection and intelligent market filtering. With built-in trailing stop systems and time-based trading controls, EA New Player MT5 provides a comprehensive solution for automated forex trading.
🔢 EA New Player MT5 Complete Settings Explanation
Below are the details of the parameters in the advisor’s trading system settings table:
🔶 General Settings
🔹 Auto or fixed lot = false: Automatic lot sizing is disabled, so the EA uses a fixed trading lot size.
🔹 Lot = 0.01: Fixed lot size for every trade is set to 0.01.
🔹 Balance amount to increase auto lot size = 1000.0: Auto lot size increases for every 1000.0 balance increment.
🔹 TakeProfit without martingale = 262: Standard Take Profit without martingale is 262 points.
🔹 StopLoss without martingale = 50: Standard Stop Loss without martingale is 50 points.
🔹 Max Spread = 0: Maximum spread filter is disabled because the value is 0.
🔹 Magic = 462315987: Unique Magic Number assigned to EA trades is 462315987.
🔶 Martingale Settings
🔹 Use Martingale = true: Martingale recovery system is enabled.
🔹 Lot multiplicator = 1.4: Lot size multiplier for each martingale order is 1.4.
🔹 Step = 440: Distance between martingale orders is 440 points.
🔹 Max Orders = 10: Maximum allowed martingale orders is 10.
🔹 Start of averaging (order number) = 1: Averaging starts from order number 1.
🔹 TakeProfit from martingale = 100: Take Profit target for martingale trades is 100 points.
🔹 StopLoss from martingale = 3000: Stop Loss limit for martingale trades is 3000 points.
🔶 Trailing Stop Settings
🔹 Use trailing stop = true: Trailing Stop feature is activated.
🔹 Distance trailing = 125: Trailing Stop activation distance is 125 points.
🔹 Step trailing = 115: Trailing Stop adjustment step is 115 points.
🔶 Filter Time Settings
🔹 Use time filter = true: Time-based trading filter is enabled.
🔹 Start work = 09:00: Trading session starts at 09:00.
🔹 End work = 14:00: Trading session ends at 14:00.
🔶 Strategy Selection Settings
🔹 Strategy #1 = false: Strategy #1 is disabled.
🔹 Strategy #2 = true: Strategy #2 is enabled.
🔹 Strategy #3 = false: Strategy #3 is disabled.
🔹 Strategy #4 = false: Strategy #4 is disabled.
🔹 Strategy #5 = false: Strategy #5 is disabled.
🔹 Strategy #6 = true: Strategy #6 is enabled.
🔹 Strategy #7 = false: Strategy #7 is disabled.
🔶 Timeframe Signal Settings
🔹 Use TF M1 for signal = false: M1 timeframe signals are disabled.
🔹 Use TF M5 for signal = true: M5 timeframe signals are enabled.
🔹 Use TF M15 for signal = true: M15 timeframe signals are enabled.
🔹 Use TF M30 for signal = false: M30 timeframe signals are disabled.
🔹 Use TF H1 for signal = false: H1 timeframe signals are disabled.
🔹 Use TF H4 for signal = false: H4 timeframe signals are disabled.
🔶 DUCK Indicator Settings
🔹 CCI_per = 18: Commodity Channel Index period is set to 18.
🔹 RSI_per = 18: RSI period inside DUCK indicator is 18.
🔹 MA_Period = 2: Moving Average period used in DUCK indicator is 2.
🔹 koef = 8: Coefficient parameter value is 8.
🔶 MA Indicator Blue Settings
🔹 blue_ma_period = 45: Blue Moving Average period is 45.
🔹 blue_ma_method = Simple: Blue MA uses the Simple moving average method.
🔹 blue_applied_price = Close price: Blue MA calculations use the closing price.
🔶 MA Indicator Red Settings
🔹 red_ma_period = 100: Red Moving Average period is 100.
🔹 red_ma_method = Simple: Red MA uses the Simple moving average method.
🔹 red_applied_price = Close price: Red MA calculations use the closing price.
🔶 GOOFY Indicator Settings
🔹 Trend_Period = 50: Trend calculation period is 50.
🔹 Trend_EMA_vs_SMA = true: EMA versus SMA trend comparison is enabled.
🔶 RSI Settings
🔹 Period_RSI = 18: RSI indicator period is 18.
🔹 Price_RSI = Close price: RSI uses the closing price for calculations.
🔹 LevelUp = 70: RSI overbought level is 70.
🔹 LevelDown = 30: RSI oversold level is 30.
🔶 Filter MultiTrend Settings
🔹 Periods = 10: MultiTrend indicator period is 10.
🔹 Multiplier = 3.0: MultiTrend multiplier value is 3.0.
🔹 MultiTrend = false: MultiTrend filter is disabled.
🔹 OlderTrend_1 = 15 Minutes: First higher timeframe trend filter uses 15 Minutes.
🔹 OlderTrend_2 = 30 Minutes: Second higher timeframe trend filter uses 30 Minutes.
🔹 OlderTrend_3 = 1 Hour: Third higher timeframe trend filter uses 1 Hour.
🔶 Bollinger Bands Settings
🔹 period_bb = 50: Bollinger Bands period is 50.
🔹 deviation_ = 5.0: Bollinger Bands deviation value is 5.0.
🔹 bands_shift = 0: Bollinger Bands shift value is 0.
🔹 applied_price = Close price: Bollinger Bands calculations use the closing price.
🔶 FLOWER Indicator Settings
🔹 VelocityTrigger = 55: Velocity trigger threshold is 55.
🔹 VelocityTime = 8: Velocity calculation period is 8.
🔹 UseIndFilter = false: Indicator filter is disabled.
🔹 IndTF = 5 Minutes: Indicator timeframe is 5 Minutes.
🔹 PeriodsFL = 10: FLOWER indicator period is 10.
🔹 MultiplierFL = 1.0: FLOWER multiplier value is 1.0.
🔹 MAPeriod = 10: FLOWER Moving Average period is 10.
🔹 MAMethod = Linear weighted: FLOWER indicator uses the Linear Weighted moving average method.
🔹 FilterNN = 300: Neural network filter value is 300.
🔹 iBarsAuto = 35: Automatic bars calculation value is 35.
🔹 iMethod = Strategy #1: FLOWER indicator uses Strategy #1.
🔹 Amplitude = 2: Signal amplitude level is 2.
🔢 Conclusion
EA New Player MT5 is a sophisticated automated trading system that combines martingale recovery, indicator-based filtering, multi-timeframe analysis, and dynamic trend detection into a single Expert Advisor.
With configurable strategies, advanced technical indicators, and robust trade management tools, the EA provides traders with a flexible and intelligent solution for MetaTrader 5 automated trading.
🔢 FAQs
❓ What is EA New Player MT5?
EA New Player MT5 is an automated Forex Expert Advisor for MetaTrader 5 that uses technical indicators and martingale recovery strategies.
❓ Does EA New Player MT5 use martingale trading?
Yes, the EA includes a configurable martingale system with adjustable lot multipliers and recovery settings.
❓ Can EA New Player MT5 trade on multiple timeframes?
Yes, the EA supports multi-timeframe analysis including M5, M15, H1, and other selectable timeframes.
❓ Does EA New Player MT5 include trailing stop functionality?
Yes, the EA includes built-in trailing stop settings with adjustable trailing distance and step.
❓ Which indicators are included in EA New Player MT5?
The EA uses RSI, Moving Averages, Bollinger Bands, DUCK Indicator, GOOFY Indicator, and FLOWER Indicator for market analysis and trade execution.
