Eklatan Forex Robot MT4 with SetFiles (Platform build 1476+)

🔢 Eklatan Forex Robot MT4 Settings Guide

Eklatan Forex Robot is an automated trading Expert Advisor configuration focused on flexible lot management, progressive position sizing, take-profit control, equity protection and trailing-stop management.

The supplied settings show a starting lot of 0.01, a 1.5 lot exponent, a 300.0 pip step, a maximum lot size of 10.0, and an active trailing-stop system. These parameters allow traders to control trade volume, spacing, profit-taking, and overall exposure according to their preferred trading approach.

Eklatan Forex Robot MT4 Settings Panel

🔶 Money Management & Lot Settings

🔹 Lots: 0.01 — Sets the initial or base trading lot size to 0.01 lots.

🔹 LotExponent: 1.5 — Sets the lot-size multiplier/exponent to 1.5, allowing subsequent position sizes to increase according to the EA’s internal money-management logic.

🔹 PipStep: 300.0 — Sets the required spacing between applicable entries to 300.0 pips, controlling how far price must move before another position may be considered.

🔹 MaxLots: 10.0 — Limits the maximum permitted trading volume to 10.0 lots, providing an upper boundary for position sizing.

🔶 Take Profit & Equity Protection

🔹 TakeProfit: 100.0 — Sets the configured Take Profit target to 100.0 pips.

🔹 UseEquityStop: false — Disables the EA’s equity-stop protection function in the supplied configuration.

🔹 TotalEquityRisk: 20.0 — Sets the total equity-risk parameter to 20.0; its practical effect depends on how the EA internally applies this value when equity protection is enabled.

🔶 Trailing Stop Settings

🔹 UseTrailingStop: true — Enables the EA’s trailing-stop management system.

🔹 TrailStart: 80.0 — Sets the trailing activation threshold to 80.0, meaning the trailing mechanism is configured to begin operating after the defined profit-distance condition reaches this value.

🔹 TrailStop: 30.0 — Sets the trailing-stop distance to 30.0, controlling how far the protective stop follows price once trailing is active.

🔶 Execution & Identification

🔹 slip: 5.0 — Sets the permitted slippage parameter to 5.0, controlling the acceptable execution-price deviation according to the EA’s implementation.

🔹 g_magic_176_16: 16794 — Uses 16794 as the EA’s internal Magic Number/trade identifier, allowing its positions to be distinguished from trades belonging to other systems.

🔢 Key Configuration Summary

🔹 Starting Lot: 0.01 — The EA starts with a relatively small 0.01-lot position size.

🔹 Lot Exponent: 1.5 — Position sizing can increase according to the configured 1.5 multiplier/exponent.

🔹 Entry Spacing: 300.0 pips — The configured pip step is 300.0, providing substantial spacing between applicable entries.

🔹 Maximum Lot: 10.0 — The EA has a configured maximum position size of 10.0 lots.

🔹 Take Profit: 100.0 pips — The Take Profit parameter is set to 100.0 pips.

🔹 Equity Stop: false — Equity-stop protection is currently disabled.

🔹 Total Equity Risk: 20.0 — The total equity-risk parameter is set to 20.0, although the equity-stop function itself is disabled.

🔹 Trailing Stop: true — Trailing-stop management is enabled.

🔹 Trail Start: 80.0 — The trailing system is configured with an 80.0 activation level.

🔹 Trail Stop: 30.0 — The trailing distance is configured at 30.0.

🔹 Slippage: 5.0 — The configured slippage value is 5.0.

🔹 Magic Number: 16794 — EA trades are identified using 16794.

🔢 Important Risk Considerations

🔹 Progressive lot sizing: The combination of Lots = 0.01, LotExponent = 1.5, and MaxLots = 10.0 indicates that position sizing may increase as the EA opens additional positions, depending on its internal strategy.

🔹 Large maximum exposure: A maximum of 10.0 lots can represent substantial exposure depending on the trading symbol, account size, leverage, and broker contract specifications.

🔹 Equity protection is disabled: Because UseEquityStop = false, the TotalEquityRisk = 20.0 setting should not be interpreted as an actively enforced equity-stop mechanism in this configuration.

🔹 Wide entry spacing: The 300.0-pip PipStep setting provides significant distance between applicable entries and can affect both trading frequency and exposure.

🔹 Trailing protection is active: With UseTrailingStop = true, the EA is configured to manage profitable positions dynamically using TrailStart = 80.0 and TrailStop = 30.0.

🔢 Conclusion

The supplied Eklatan Forex Robot MT4 configuration combines progressive lot management with relatively wide entry spacing, a 100.0-pip Take Profit, and an active trailing-stop system. Its core parameters are 0.01 starting lots, 1.5 LotExponent, 300.0 PipStep, and 10.0 MaxLots.

One of the most important settings to review before live deployment is the interaction between LotExponent = 1.5 and MaxLots = 10.0, as progressive position sizing can increase exposure significantly. The disabled UseEquityStop = false setting also means traders should not assume that the 20.0 TotalEquityRisk value provides active equity-stop protection.

The configuration should therefore be tested on a demo account and evaluated against the intended account balance, leverage, symbol specifications, spread, and maximum acceptable drawdown before being used with real funds.