Fortune MQ5 v1.62 + SetFiles (Source Code)

🔢 Fortune MT5 EA – Complete Settings & Configuration Guide

Fortune MT5 EA is a configurable MetaTrader 5 Expert Advisor designed with dedicated controls for risk management, trade execution, profit targets, trailing-stop management, break-even protection, trading schedules, order expiration and advanced execution settings.

The supplied configuration shows a 0.01 fixed lot, a 1.0 risk setting, a 300.0 target profit, a 100.0 stop loss, and an active trading schedule from 01:00 to 23:00, with a special Friday exit at 18:00.

Fortune MT5 EA Settings Panel

🔄 Risk Management

🔹 UseMM = false — Disables the EA’s money-management/automatic lot-sizing function, so the configured fixed lotsize = 0.01 is used instead.

🔹 risk = 1.0 — Sets the risk parameter to 1.0; because UseMM = false, this value is not the active lot-sizing mechanism in the supplied setup.

🔹 lotsize = 0.01 — Sets the trading lot size to 0.01 lot when automatic money management is disabled.

🔹 maxspread = 50.0 — Sets the maximum allowed spread threshold to 50.0 according to the EA’s spread-unit convention.

🔄 Trade Management

🔹 targetprofit = 300.0 — Sets the configured profit target to 300.0.

🔹 stoploss = 100.0 — Sets the Stop Loss distance to 100.0.

🔹 trailstop = 20.0 — Sets the trailing-stop distance to 20.0.

🔹 trailstep = 0.5 — Sets the minimum trailing adjustment step to 0.5.

🔹 BEActPips = 25.0 — Sets the Break-Even activation threshold to 25.0 pips, meaning the break-even mechanism is configured to activate after the specified profit distance is reached.

🔹 PipsToLock = 1.5 — Sets the amount of profit to lock at the break-even stage to 1.5 pips.

🔄 Trading Schedule

🔹 UseTraderHours = true — Enables the EA’s trading-hours restriction.

🔹 BeginTradingHour = 1 — Sets the daily trading start hour to 01:00.

🔹 StopTradingHour = 23 — Sets the daily trading stop hour to 23:00.

🔹 FridayExitHour = 18 — Sets the Friday exit hour to 18:00, providing a dedicated end-of-week trading cutoff.

🔄 Advanced Settings

🔹 TradeComment = Fortune — Adds Fortune as the configured trade/order comment for identifying trades.

🔹 ExpMinutes = 0 — Sets the expiration-minutes parameter to 0; the image does not provide an additional description, so the exact EA-specific behavior of this value should be confirmed from the EA documentation/source.

🔹 magicnumber = 634838 — Assigns 634838 as the EA’s Magic Number, allowing its trades to be uniquely identified and managed.

🔹 TransparentDisp = false — Disables the transparent-display option.

🔄 Indicators (Ignore)

The EA interface explicitly labels this section “Indicators (Ignore)”, so these values should generally be left unchanged unless the EA documentation specifically instructs otherwise.

🔹 SamplePeriod = 16 — Sets the indicator sampling period to 16.

🔹 LookBackPeriod = 500 — Sets the look-back period to 500.

🔹 OrderOffset = -1.3 — Sets the order offset to -1.3; this is an internal strategy parameter and should generally not be modified without knowing the EA’s calculation logic.

🔹 UsePartialClose = false — Disables partial-position closing.

🔹 PercentClose = 5.0 — Sets the partial-close percentage parameter to 5.0; because UsePartialClose = false, partial closing is currently disabled.

🔹 MinProfitPips = 1.0 — Sets the minimum profit threshold for the relevant closing mechanism to 1.0 pip.

🔹 SecBetweenClose = 10 — Sets the minimum interval between close operations to 10 seconds.

🔹 CloseSpacing = 1.0 — Sets the spacing parameter between closing operations to 1.0.

🔢 Fortune MT5 EA Configuration Summary

🔹 Money Management = false — Automatic money management is disabled.

🔹 Risk Parameter = 1.0 — The configured risk value is 1.0.

🔹 Fixed Lot Size = 0.01 — The active fixed trading volume is 0.01 lot.

🔹 Maximum Spread = 50.0 — The spread threshold is 50.0.

🔹 Take Profit = 300.0 — The configured target is 300.0.

🔹 Stop Loss = 100.0 — The configured protective stop is 100.0.

🔹 Trailing Stop = 20.0 — The trailing distance is 20.0.

🔹 Trailing Step = 0.5 — The trailing adjustment step is 0.5.

🔹 Break-Even Activation = 25.0 pips — Break-even is configured around a 25.0-pip activation threshold.

🔹 Profit Locked at Break-Even = 1.5 pips — The configured locked-profit amount is 1.5 pips.

🔹 Trading Hours = enabled — The trading-hours filter is active.

🔹 Trading Start = 01:00 — Trading begins at 01:00.

🔹 Trading Stop = 23:00 — Trading stops at 23:00.

🔹 Friday Exit = 18:00 — The dedicated Friday exit time is 18:00.

🔹 Trade Comment = Fortune — Trades are identified with the comment Fortune.

🔹 Expiration Minutes = 0 — The expiration parameter is set to 0.

🔹 Magic Number = 634838 — The EA trade identifier is 634838.

🔹 Transparent Display = false — Transparent display is disabled.

🔹 Sample Period = 16 — Internal sample period is 16.

🔹 Look-Back Period = 500 — Internal look-back value is 500.

🔹 Order Offset = -1.3 — Internal order offset is -1.3.

🔹 Partial Close = false — Partial closing is disabled.

🔹 Partial Close Percentage = 5.0 — The configured percentage is 5.0.

🔹 Minimum Profit = 1.0 pip — Minimum profit parameter is 1.0 pip.

🔹 Seconds Between Close = 10 — The closing interval is 10 seconds.

🔹 Close Spacing = 1.0 — Closing spacing is 1.0.

🔢 Overview of Fortune MT5 EA

Fortune MT5 EA settings provide traders with a structured framework for controlling lot size, risk, Stop Loss, Take Profit, trailing stops, break-even, trading hours, Friday exits, spread limits, Magic Number identification, and partial-close behavior.

The supplied setup uses a 0.01 fixed lot because UseMM = false, while the risk parameter remains 1.0. Trade management is configured with 300.0 Take Profit, 100.0 Stop Loss, 20.0 trailing stop, and 0.5 trailing step. Break-even is configured with 25.0 pips activation and 1.5 pips locked profit.

The trading schedule is enabled with BeginTradingHour = 1, StopTradingHour = 23, and FridayExitHour = 18. The EA uses Magic Number 634838 and the trade comment Fortune for trade identification.

The supplied image also contains an Indicators (Ignore) section with values such as SamplePeriod = 16, LookBackPeriod = 500, and OrderOffset = -1.3. These should generally be treated as internal parameters unless the EA developer provides instructions for changing them.

🔢 Conclusion

Fortune MT5 EA offers a compact but highly configurable execution framework. The supplied configuration emphasizes fixed 0.01-lot trading, defined 300.0 Take Profit / 100.0 Stop Loss, active 20.0 trailing-stop management, and 25.0-pip break-even activation with 1.5 pips locked.

Its schedule is also clearly defined: trading is permitted from 01:00 through 23:00, with a dedicated Friday exit at 18:00. The 50.0 maximum-spread setting provides an additional execution filter, while Magic Number 634838 and the Fortune order comment help distinguish the EA’s trades.

Importantly, the supplied values describe the current configuration; they should not automatically be interpreted as universally recommended settings. Traders should validate the EA and these parameters through backtesting, forward testing, and demo trading before considering live deployment.

🔢 FAQs

❓ What lot size is Fortune MT5 EA currently using?

The supplied configuration uses 0.01 lot, because UseMM = false and the fixed lotsize = 0.01 is configured.

❓ What are the Take Profit and Stop Loss settings?

The EA is configured with targetprofit = 300.0 and stoploss = 100.0.

❓ Does Fortune MT5 EA use a trailing stop?

Yes. trailstop = 20.0 and trailstep = 0.5 are configured for trailing management.

❓ When does the EA trade?

The trading-hours filter is enabled with BeginTradingHour = 1 and StopTradingHour = 23, while FridayExitHour = 18 specifies the Friday exit time.

❓ What is Fortune MT5 EA’s Magic Number?

The configured magicnumber is 634838, which is used to identify the EA’s trades separately from other trading activity.