🔢 IndexLord MT5 Settings Explained – Complete Parameter Guide
IndexLord MT5 is an advanced automated trading Expert Advisor for MetaTrader 5 designed to trade index markets using scheduled trading sessions, risk-based money management, recovery options and dynamic trailing stop protection.
With configurable entry buffers, position sizing, and trade management parameters, the EA helps traders automate index trading while maintaining strict risk control and execution efficiency.
🔢 IndexLord MT5 Parameters Explained
Below are the details of the parameters in the advisor’s trading system settings table:
🔶 Trading Schedule Settings
🔹 VelocityStart = 12:00 – Sets the trading session start time to 12:00, allowing the EA to begin searching for new trading opportunities.
🔹 VelocityOrder = 16:29:57 – Specifies 16:29:57 as the primary order execution time used by the trading strategy.
🔹 Cancel Pending Orders at Time = 22:00 – Automatically cancels all pending orders at 22:00 if they have not been triggered.
🔹 Close All Open Orders at Time = 22:00 – Closes every active position at 22:00 to reduce overnight market exposure.
🔹 Reverse Trade = false – Disables reverse trading logic, meaning the EA follows its normal entry direction without reversing signals.
🔶 Identification Settings
🔹 Magic Number = 111 – Assigns Magic Number 111 to uniquely identify and manage all trades opened by IndexLord MT5.
🔹 TradeComment = IndexLord – Adds the comment "IndexLord" to every trade opened by the EA for easier identification.
🔶 Entry Settings
🔹 LongBuffer = 750 – Sets the Buy breakout entry buffer to 750 points, requiring price to move this distance before opening a long position.
🔹 ShortBuffer = 750 – Sets the Sell breakout entry buffer to 750 points, requiring price to move this distance before opening a short position.
🔶 Risk Management Settings
🔹 Lot_Sizing = Risk_Based – Uses Risk-Based position sizing, automatically calculating lot size according to the configured risk parameters.
🔹 Start Risk [%] = 0.1 – Sets the initial account risk per trade to 0.1%.
🔹 RecoveryFactor = 2.0 – Uses a Recovery Factor of 2.0 when the recovery system increases position sizing after losses.
🔹 MaxRisk Per Trade = 0.2 – Limits the maximum allowable risk for any individual trade to 0.2%.
🔹 StartLotSize = 0.1 – Defines the initial lot size as 0.10 lots.
🔹 Recovery Factor = 2.0 – Applies a multiplier of 2.0 during recovery-based lot progression.
🔹 MaxLotSize = 0.2 – Restricts the maximum trading volume to 0.20 lots, regardless of account size.
🔶 Take Profit & Stop Loss Settings
🔹 Take Profit in Dow Points (7500 = 75) = 7500 – Sets the Take Profit target to 7500 Dow points, equivalent to approximately 75 index points based on the EA's scaling.
🔹 Stop Loss in Dow Points (7500 = 75) = 7500 – Sets the Stop Loss distance to 7500 Dow points, equivalent to approximately 75 index points.
🔶 Trailing Stop Settings
🔹 Use TrailingStop = true – Enables automatic trailing stop management once a position moves into profit.
🔹 Trailing Start In Points = 3000 – Activates the trailing stop after the trade gains 3000 points.
🔹 Trailing Stop Behind Market = 1000 – Maintains the stop loss 1000 points behind the current market price after activation.
🔹 Step Each Block = 1000 – Updates the trailing stop every 1000-point price movement.
🔶 Breakeven Settings
🔹 Use Breakeven = false – Disables automatic breakeven functionality.
🔹 Start When Profit Point = 1000.0 – Defines 1000.0 profit points as the breakeven activation threshold if the feature is enabled.
🔹 Lock In Point = 0.0 – Sets the breakeven profit lock to 0.0 points, meaning no additional profit is secured by default.
🔢 Conclusion
IndexLord MT5 provides a structured automated trading framework for index markets by combining scheduled execution, risk-based position sizing, breakout entry buffers, recovery management, and advanced trailing stop protection. Its configurable trading schedule, strict risk limits, and automated order management make it suitable for traders seeking disciplined and systematic index trading.
🔢 FAQs
❓ What lot sizing method does IndexLord MT5 use?
The EA uses Risk_Based lot sizing, automatically calculating position sizes according to the configured risk percentage.
❓ What is the purpose of the LongBuffer and ShortBuffer settings?
Both settings require price to move 750 points beyond the breakout level before opening Buy or Sell trades, helping filter false breakouts.
❓ Does IndexLord MT5 automatically close trades?
Yes. The EA is configured to close all open trades and cancel pending orders at 22:00.
❓ Is the trailing stop enabled by default?
Yes. The trailing stop is enabled and begins after 3000 points of profit while following price with a 1000-point distance.
❓ Does IndexLord MT5 use automatic breakeven?
No. Use Breakeven = false, so the EA will not automatically move the Stop Loss to breakeven unless this feature is enabled manually.
