Entry Point EA MT4 (Latest version) - Unlimited

🔢 Entry Point EA MT4 Settings Guide: Complete Inputs and Parameters Explained

Entry Point EA MT4 is an automated trading Expert Advisor designed for the MetaTrader 4 platform. Its input configuration combines indicator-based entry conditions, moving average parameters, RSI settings, trailing-stop management, and grid trading controls.

The EA provides adjustable lot sizing, stop-loss and take-profit settings, grid levels, volume progression, and separate grid configurations. These options allow traders to customize trade entries, position management, and grid behavior according to their trading strategy and risk preferences.

This guide explains all the parameters displayed in the Entry Point EA MT4 settings panel, preserving their original names and exact default values.

Entry Point EA MT4 Settings Panel

⚙️ Basic Trading and Risk Management Settings

🔹 Lotsize = 0.01: Sets the initial trading volume to 0.01 lots. This determines the default position size used when the EA opens a new trade under its standard lot-sizing configuration.

🔹 SL = 0.0: Sets the stop-loss parameter to 0.0. This indicates that no numerical fixed stop-loss distance is configured through this input, although other grid-related stop-loss mechanisms may be available.

🔹 TP = 0.0: Sets the take-profit parameter to 0.0. This indicates that no numerical fixed take-profit distance is configured through this input, although other exit-management mechanisms may still operate.

🔹 Use_Trailings_Stop = true: Enables the trailing-stop feature, allowing the EA to adjust stop-loss levels as positions move into profit according to its trailing-stop rules.

🔹 STOPS = 10.0: Sets the trailing-stop distance or stop-management parameter to 10.0. This value is associated with the trailing-stop configuration and determines the applicable stop distance according to the EA’s internal logic.

🔹 STEPES = 10.0: Sets the trailing-stop step parameter to 10.0. It may determine the minimum price movement required before the EA updates an existing trailing-stop level.

🔹 STARTS = 10.0: Sets the trailing-stop activation threshold to 10.0. This parameter determines the configured profit or price-movement level at which trailing-stop management may begin.

🔹 grid_levels = 0.0: Sets the main grid-level parameter to 0.0. Depending on the EA’s implementation, this may control the number or activation of grid levels; verify whether zero disables this particular grid configuration.

🔹 grid_lotsize = 0.02: Sets the configured grid lot size to 0.02 lots. This parameter determines the reference trading volume used for additional grid positions when the grid mechanism is activated.

🔹 Magic Number. kind of… = 8358: Assigns the magic number 8358 to the EA’s trades, helping distinguish its orders from manually opened positions and trades managed by other Expert Advisors.

⚙️ Moving Average Settings – First Indicator

🔹 inp1_Ro_MAperiod = 14: Sets the first moving average period to 14. This determines the number of price observations used in the moving average calculation.

🔹 inp1_Ro_MAshift = 0: Sets the first moving average shift to 0, meaning the indicator is not displaced forward or backward from its standard chart position.

🔹 inp1_Ro_MAmethod = Simple: Selects the Simple Moving Average (SMA) calculation method for the first indicator, giving equal weighting to the price observations within the selected period.

🔹 inp1_Ro_Deviation = 0.1: Sets the first indicator’s deviation parameter to 0.1. This may control a deviation-based calculation or tolerance associated with the indicator, depending on the EA’s implementation.

🔹 inp1_Ro_AppliedPrice = Close price: Uses the closing price as the applied price for the first indicator calculation, meaning the indicator references candle closing prices rather than open, high, or low prices.

⚙️ RSI Settings – Second Indicator

🔹 inp2_Lo_RSIperiod = 14: Sets the RSI calculation period to 14, determining the number of price periods used to calculate the Relative Strength Index.

🔹 inp2_Lo_AppliedPrice = Close price: Uses the closing price as the applied price for the second indicator, allowing the RSI calculation to reference the closing prices of completed or developing candles according to its implementation.

🔹 inp2_Ro_Value = 70.0: Sets the RSI reference level to 70.0. This is commonly associated with the overbought threshold, helping identify potentially overextended upward price movements.

⚙️ Moving Average Settings – Third Indicator

🔹 inp3_Ro_MAperiod = 14: Sets the third indicator’s moving average period to 14, defining the number of price observations included in its calculation.

🔹 inp3_Ro_MAshift = 0: Sets the moving average shift to 0, keeping the third indicator aligned with its standard chart position without an additional displacement.

🔹 inp3_Ro_MAmethod = Simple: Selects the Simple Moving Average (SMA) method for the third indicator, calculating the average price over 14 periods with equal weighting.

🔹 inp3_Ro_Deviation = 0.1: Sets the third indicator’s deviation parameter to 0.1. This value may be used as a tolerance or deviation factor within the EA’s indicator-based entry calculations.

🔹 inp3_Ro_AppliedPrice = Close price: Uses candle closing prices as the applied price for the third indicator, ensuring that its calculations reference the closing-price data.

⚙️ RSI Settings – Fourth Indicator

🔹 inp4_Lo_RSIperiod = 14: Sets the fourth indicator’s RSI period to 14, determining the number of price periods used in the Relative Strength Index calculation.

🔹 inp4_Lo_AppliedPrice = Close price: Selects the closing price as the applied price for the fourth indicator’s RSI calculation.

🔹 inp4_Ro_Value = 30.0: Sets the RSI reference level to 30.0. This is commonly associated with the oversold threshold, helping identify potentially overextended downward price movements.

⚙️ Grid Trading Settings – Grid Configuration 6

🔹 inp6_GrdSize = 20.0: Sets the grid-size parameter to 20.0. This may determine the distance between grid entries or the spacing used when placing additional positions, depending on the EA’s internal grid logic.

🔹 inp6_GridLevelsGradation = 200.0: Sets the grid-level gradation parameter to 200.0. It may control how the spacing between successive grid levels changes as additional positions are opened.

🔹 inp6_GridVolumesGradation = 200.0: Sets the grid-volume gradation parameter to 200.0. This may determine how trading volume progresses across successive grid positions, potentially controlling the scaling of additional orders.

🔹 inp6_GridSLgradation = 100.0: Sets the grid stop-loss gradation parameter to 100.0. This may control how stop-loss levels or their associated distances are adjusted across different grid positions.

🔹 inp6_GridTPgradation = 100.0: Sets the grid take-profit gradation parameter to 100.0. This may control how take-profit levels or their associated distances are adjusted across successive grid positions.

⚙️ Grid Trading Settings – Grid Configuration 7

🔹 inp7_GrdSize = 20.0: Sets the grid-size parameter for the seventh configuration to 20.0, defining the configured spacing or distance used by this grid-management component.

🔹 inp7_GridLevelsGradation = 200.0: Sets the grid-level gradation to 200.0, controlling the configured progression of spacing between successive grid levels for this configuration.

🔹 inp7_GridVolumesGradation = 200.0: Sets the grid-volume gradation to 200.0, defining the configured volume progression factor for additional grid positions.

🔹 inp7_GridSLgradation = 100.0: Sets the grid stop-loss gradation to 100.0, providing the configured adjustment factor for stop-loss management across grid positions.

🔹 inp7_GridTPgradation = 100.0: Sets the grid take-profit gradation to 100.0, providing the configured adjustment factor for take-profit management across grid positions.

⚙️ Important Configuration Considerations

🔹 Review the Trailing-Stop Parameters: With Use_Trailings_Stop = true, STOPS = 10.0, STEPES = 10.0, and STARTS = 10.0, the EA is configured to use trailing-stop management. Verify whether these values are measured in points, pips, or another internal unit.

🔹 Understand the Grid Configuration: The main grid_lotsize is 0.02, while both grid configurations use GrdSize = 20.0. Review the grid-level and volume gradation calculations carefully because additional positions can increase total market exposure.

🔹 Check the Grid-Level Activation: The main grid_levels parameter is 0.0. Confirm whether this value disables the main grid function or represents a default setting before enabling the EA on a live account.

🔹 Review Indicator Confirmation: The configuration includes Simple Moving Average periods of 14 and RSI periods of 14, with reference levels of 70.0 and 30.0. These parameters may provide trend and momentum information for the EA’s entry conditions.

🔹 Understand the Fixed Exit Settings: SL = 0.0 and TP = 0.0 indicate that fixed stop-loss and take-profit distances are not configured through these inputs. Make sure the EA’s trailing-stop and grid-management mechanisms provide suitable exit and risk controls.

🔹 Check Grid Volume Progression: Both inp6_GridVolumesGradation and inp7_GridVolumesGradation are set to 200.0. Verify whether these values represent percentage-based progression, multipliers, or another scaling method to understand the potential growth in total lot exposure.

🔹 Confirm Indicator Parameters: The moving average settings use MAperiod = 14, MAshift = 0, MAmethod = Simple, and AppliedPrice = Close price. Confirm how the EA combines these indicators with its RSI reference levels before adjusting the strategy.

🔢 Conclusion

Entry Point EA MT4 provides a configurable trading framework combining moving averages, RSI indicators, trailing-stop management, and grid-based position management. Its displayed configuration uses an initial lot size of 0.01, a grid lot size of 0.02, a trailing-stop activation parameter of 10.0, and a magic number of 8358.

The indicator configuration includes 14-period Simple Moving Average settings and 14-period RSI calculations, with reference levels of 70.0 and 30.0. Additionally, the two grid configurations use a grid size of 20.0, grid-level and volume gradation values of 200.0, and stop-loss and take-profit gradation values of 100.0.

Before using Entry Point EA MT4 on a live account, traders should carefully evaluate the grid-volume progression, verify the trailing-stop calculation units, and confirm how the EA manages positions when fixed SL and TP values are set to 0.0. Thorough backtesting and demo testing are essential for understanding the EA’s behavior and controlling potential trading risks.