Indicement MT4 Settings Explained – Complete Configuration Guide
Indicement MT4 is a multi-index automated trading Expert Advisor (EA) developed for MetaTrader 4 traders who want diversified index trading with advanced money management and Prop Firm protection features.
The EA supports major indices such as US500, US30, and NAS100, while offering built-in NFP filters, risk-based lot sizing, trade randomization, trading-hour filters and multiple strategy engines. Indicement MT4 is ideal for traders seeking automated index trading with strong flexibility and account protection tools.

Indicement MT4 Full Settings Explanation
Below are the details of the parameters in the advisor’s trading system settings table:
NFP Filter Settings
🔹 EnableNFP_Filter = true: Enables Non-Farm Payroll news protection filter.
🔹 AutoGMT = true: Automatically detects broker GMT offset.
🔹 GMT_OFFSET_Winter (AutoGMT=false or backtesting) = 2: Winter GMT offset manually set to 2.
🔹 MT_OFFSET_Summer (AutoGMT=false or backtesting) = 3: Summer GMT offset manually set to 3.
🔹 NFP_CloseOpenTrades = true: Closes all active trades during NFP news events.
🔹 NFP_ClosePendingOrders = true: Removes pending orders before NFP releases.
🔹 NFP_MinutesBefore = 140: Stops trading 140 minutes before NFP news.
🔹 NFP_MinutesAfter = 110: Resumes trading 110 minutes after NFP news.
Prop Firm Unique Trades Settings
🔹 AdjustEntry = 0.0: No additional entry price adjustment applied.
🔹 AdjustSL = 0.0: No stop loss adjustment applied.
🔹 AdjustTP = 0.0: No take profit adjustment applied.
🔹 AdjustTrailSL = 0.0: No trailing stop loss adjustment applied.
🔹 AdjustTrailTP = 0.0: No trailing take profit adjustment applied.
🔹 AdjustBreakEven = 0.0: No break-even adjustment applied.
Lot Size Settings
🔹 manually set balance to use (if > 0) = 0.0: Manual balance override disabled.
🔹 Lotsize calculation method = use Max Risk Per Strategy: Lot sizing uses strategy-based risk calculation.
🔹 Max Risk per Strategy = 3.0: Maximum risk allocation per strategy is 3.0.
🔹 LotsizeStep = 500: Lot size scaling step based on account balance is 500.
🔹 manual lotsize = 0.01: Fixed manual lot size set to 0.01.
🔹 Set Max DAILY Drawdown (Prop Firms) = 0.0: Daily drawdown limit disabled.
🔹 Use Equity Instead of Balance = false: Uses account balance instead of equity for calculations.
🔹 OnlyUp = false: Lot size can increase or decrease dynamically.
🔹 check for free margin before setting trades = true: EA checks free margin before opening trades.
Trading Hours Settings
🔹 Enable_Trading hours filter = false: Trading hour filter disabled.
🔹 Time source = Broker: Uses broker server time.
🔹 starttime (!! use HH:MM !!) = 00:00: Trading session starts at 00:00.
🔹 stoptime (!! use HH:MM !!) = 24:00: Trading session ends at 24:00.
Information Panel Settings
🔹 ShowInfoPanel = true: Displays information panel on chart.
🔹 Adjustment for Infopanel size = 1.0: Info panel scaling factor set to 1.0.
🔹 update infopanel during testing = false: Info panel updates disabled during backtesting.
General Trading Settings
🔹 Enable_BuyTrades = true: Enables buy trading operations.
🔹 Enable_SellTrades = true: Enables sell trading operations.
🔹 Friday stop hour (brokertime; close all trades) = 25: Friday trading stop hour set to 25.
🔹 setSL_TP_After_Entry = false: Stop loss and take profit not modified after entry.
🔹 Use Virtual Expiration = false: Virtual order expiration disabled.
🔹 BaseMagicnumber = 4000: Base magic number identifier set to 4000.
🔹 Comment for trades = Indicement: Trade comment label set to Indicement.
🔹 RemoveCommentSuffix = false: Trade comment suffix remains enabled.
US500 Settings
🔹 RunUS500 = true: Enables US500 trading module.
🔹 US500_Symbol = US500: Symbol used for S&P 500 index trading.
🔹 US500_STRAT1 = true: Enables Strategy 1 for US500.
🔹 US500_STRAT2 = true: Enables Strategy 2 for US500.
🔹 US500_STRAT3 = true: Enables Strategy 3 for US500.
🔹 US500_STRAT4 = true: Enables Strategy 4 for US500.
🔹 value in $ of 1 unit move (0=auto) = 0.0: Auto-calculates pip/unit value.
🔹 US500_MaxSpread = 0.0: No spread limitation configured for US500.
🔹 US500_Randomization = 0.0: No randomization applied to US500 trades.
US30 Settings
🔹 RunUS30 = true: Enables US30 trading module.
🔹 US30_Symbol = US30: Symbol used for Dow Jones index trading.
🔹 US30_STRAT1 = true: Enables Strategy 1 for US30.
🔹 US30_STRAT2 = true: Enables Strategy 2 for US30.
🔹 US30_STRAT3 = true: Enables Strategy 3 for US30.
🔹 value in $ of 1 unit move (0=auto) = 0.0: Auto-calculates pip/unit value for US30.
🔹 US30_MaxSpread = 0.0: No spread limitation configured for US30.
🔹 US30_Randomization = 0.0: No randomization applied to US30 trades.
NAS100 Settings
🔹 RunNAS100 = true: Enables NAS100 trading module.
🔹 NAS100_Symbol = USTEC: Symbol used for NASDAQ 100 trading.
🔹 NAS100_STRAT1 = true: Enables Strategy 1 for NAS100.
🔹 NAS100_STRAT2 = true: Enables Strategy 2 for NAS100.
🔹 NAS100_STRAT3 = true: Enables Strategy 3 for NAS100.
🔹 NAS100_STRAT4 = true: Enables Strategy 4 for NAS100.
🔹 value in $ of 1 unit move (0=auto) = 0.0: Auto-calculates pip/unit value for NAS100.
🔹 NAS100_MaxSpread = 0.0: No spread limitation configured for NAS100.
🔹 NAS100_Randomization = 0.0: No randomization applied to NAS100 trades.
Conclusion
Indicement MT4 is a powerful multi-index Expert Advisor (EA) designed for traders who want automated trading across US500, US30 and NAS100 markets.
The EA combines advanced NFP protection, prop firm risk management, dynamic lot sizing, and multiple trading strategies into a highly configurable trading system.
With support for automated index diversification and account protection, Indicement MT4 is suitable for both retail traders and prop firm traders seeking professional MT4 automation.
FAQs
❓ What is Indicement MT4?
Indicement MT4 is an automated multi-index Expert Advisor for MetaTrader 4 designed for US500, US30, and NAS100 trading.
❓ Does Indicement MT4 support prop firm trading?
Yes, the EA includes prop firm-friendly risk controls and drawdown management features.
❓ Can Indicement MT4 filter NFP news events?
Yes, the EA includes a built-in NFP filter that can close trades and stop trading during major news events.
❓ Which indices can Indicement MT4 trade?
Indicement MT4 supports US500, US30, and NAS100 index trading.
❓ Does Indicement MT4 support automatic lot sizing?
Yes, the EA includes dynamic lot sizing based on strategy risk management settings.











