Indicement MT5 with SetFiles (Latest version) – GroupBuy

🔢 Indicement MT5 Settings Guide

Indicement MT5 is a versatile automated trading Expert Advisor designed to support multi-market trading with a strong focus on US500, US30, and NAS100 strategies. Its extensive configuration panel provides traders with detailed control over trading direction, strategy activation, lot sizing, Prop Firm risk management, automatic GMT adjustment, news-event protection, trading hours, and symbol-specific execution.

With dedicated settings for NFP, Interest Rate, and CPI events, Indicement MT5 gives users considerable flexibility when adapting automated trading to different broker conditions and account objectives.

Indicement MT5 Settings Panel

Indicement MT5 EA Settings Panel

🔢 Indicement MT5 EA Settings Explained

🔶 General & Backtest Settings

🔹 ShowInfoPanel: true — Enables the EA information panel, allowing important trading and system information to be displayed on the chart.

🔹 update infopanel during testing: false — Prevents the information panel from being continuously updated during backtesting when set to false.

🔹 Adjustment for Infopanel size: 1.0 — Sets the information-panel size adjustment to 1.0, representing the configured default scaling factor.

🔹 Force Font Size (0=disabled): 0 — Sets the forced font size to 0, which means this manual font-size override is disabled.

🔹 Backtest Speed: normal — Sets the backtesting speed mode to normal, allowing the EA to run simulations using the standard configured testing speed.

🔶 Main Trading Settings

🔹 Enable_BuyTrades: true — Enables Buy trades, allowing Indicement MT5 to open long positions when its trading strategies generate qualifying signals.

🔹 Enable_SellTrades: true — Enables Sell trades, allowing the EA to open short positions when its trading conditions are satisfied.

🔹 Friday stop hour (broker time; close all trades): 25 — Sets the Friday stop-hour parameter to 25, based on broker time, with the EA configured to close all trades at the specified Friday cutoff according to its internal time logic.

🔹 setSL_TP_After_Entry: false — Disables the option to apply Stop Loss and Take Profit after the trade entry has already been executed.

🔹 Use Virtual Expiration: false — Disables virtual expiration functionality, meaning virtual trade expiration is not active in the displayed configuration.

🔹 AdjustSL_After_Slippage: false — Disables automatic Stop Loss adjustment after execution slippage.

🔹 Fake Breakout Filter: OFF — The Fake Breakout Filter is set to OFF, meaning this additional breakout-filtering mechanism is disabled.

🔹 Base Magicnumber: 4000 — Sets the base Magic Number to 4000, which is used to identify and manage trades belonging to the EA.

🔹 Comment for trades: Indicement — Sets the trade comment to Indicement, making EA-generated positions easier to identify in the MT5 terminal.

🔹 remove extra info in comment: false — Keeps additional information in the trade comment because this option is set to false.

🔶 US500 Settings

🔹 RunUS500: true — Enables trading for the US500 market.

🔹 US500_Symbol: US500 — Defines US500 as the symbol used for the US500 strategy.

🔹 US500_STRAT1: true — Enables US500 Strategy 1.

🔹 US500_STRAT2: true — Enables US500 Strategy 2.

🔹 US500_STRAT3: true — Enables US500 Strategy 3.

🔹 US500_STRAT4: true — Enables US500 Strategy 4.

🔹 US500_STRAT5: true — Enables US500 Strategy 5.

🔹 US500_STRAT6: true — Enables US500 Strategy 6.

🔹 value in $ of 1 unit move (0=auto): 0.0 — Sets the dollar value of a one-unit price movement to 0.0, allowing the EA’s 0 = auto logic to determine the value automatically.

🔹 US500_MaxSpread: 0.0 — Sets the maximum US500 spread parameter to 0.0 according to the displayed configuration.

🔹 US500_Randomization: 0.0 — Sets US500 strategy randomization to 0.0, meaning no additional randomization factor is configured.

🔶 US30 Settings

🔹 RunUS30: true — Enables automated trading for the US30 market.

🔹 US30_Symbol: US30 — Defines US30 as the symbol used by the US30 trading module.

🔹 US30_STRAT1: true — Enables US30 Strategy 1.

🔹 US30_STRAT2: true — Enables US30 Strategy 2.

🔹 US30_STRAT3: true — Enables US30 Strategy 3.

🔹 US30_STRAT4: true — Enables US30 Strategy 4.

🔹 value in $ of 1 unit move (0=auto): 0.0 — Sets the dollar value of a one-unit US30 movement to 0.0, allowing automatic calculation when supported by the EA.

🔹 US30_MaxSpread: 0.0 — Sets the maximum US30 spread parameter to 0.0.

🔹 US30_Randomization: 0.0 — Sets US30 strategy randomization to 0.0.

🔶 NAS100 Settings

🔹 RunNAS100: true — Enables automated trading for the NAS100 market.

🔹 NAS100_Symbol: USTEC — Defines USTEC as the broker symbol used for the NAS100 strategy.

🔹 NAS100_STRAT1: true — Enables NAS100 Strategy 1.

🔹 NAS100_STRAT2: true — Enables NAS100 Strategy 2.

🔹 NAS100_STRAT3: true — Enables NAS100 Strategy 3.

🔹 NAS100_STRAT4: true — Enables NAS100 Strategy 4.

🔹 value in $ of 1 unit move (0=auto): 0.0 — Sets the dollar value of a one-unit NAS100 movement to 0.0, allowing automatic calculation according to the EA’s internal logic.

🔹 NAS100_MaxSpread: 0.0 — Sets the maximum NAS100 spread parameter to 0.0.

🔹 NAS100_Randomization: 0.0 — Sets NAS100 randomization to 0.0, leaving the displayed randomization adjustment disabled.

🔶 Prop Firm Unique Trades Settings

🔹 AdjustEntry: 0.0 — Sets the entry adjustment value to 0.0, meaning no additional entry adjustment is configured.

🔹 AdjustSL: 0.0 — Sets the Stop Loss adjustment value to 0.0.

🔹 AdjustTP: 0.0 — Sets the Take Profit adjustment value to 0.0.

🔹 AdjustTrailSL: 0.0 — Sets the trailing Stop Loss adjustment to 0.0.

🔹 AdjustTrailTP: 0.0 — Sets the trailing Take Profit adjustment to 0.0.

🔹 AdjustBreakEven: 0.0 — Sets the break-even adjustment value to 0.0.

🔶 Lot Size Settings

🔹 manually set balance to use (if > 0): 0.0 — Sets the manual balance reference to 0.0. Since the value is not greater than zero, the manual balance override is not activated.

🔹 MaxLots: 99.0 — Sets the maximum permitted lot size to 99.0 lots.

🔹 Lotsize calculation method: use Max Risk per Strategy — Configures the EA to calculate position size using the Max Risk per Strategy methodology.

🔹 Max Risk per Strategy: 3.0 — Sets the maximum risk per strategy to 3.0 according to the EA’s risk-calculation system.

🔹 LotsizeStep: 500 — Sets the lot-size calculation step/reference to 500.

🔹 manual lotsize: 0.01 — Sets the manually specified lot size to 0.01 lots.

🔹 Set max DAILY Drawdown (Prop Firms): 0.0 — Sets the maximum daily drawdown limit for Prop Firm protection to 0.0, meaning no positive daily drawdown threshold is configured in this field.

🔹 OnlyUp: false — Disables the OnlyUp functionality.

🔹 Reset Highest Balance for OnlyUp: false — Keeps the reset-highest-balance function disabled with a value of false.

🔹 CheckMargin: true — Enables margin checking before or during trade execution to help ensure sufficient available margin.

🔹 Use Equity Instead of Balance: false — Keeps equity-based sizing disabled, meaning the configured system does not use equity instead of balance for this calculation.

🔹 AdjustLotsizeToVariableValues: true — Enables adjustment of lot size according to the EA’s variable-value calculations.

🔶 AUTO-GMT Settings

🔹 autoGMT Live (recommended!): true — Enables automatic GMT adjustment for live trading. The setting is true and explicitly marked as recommended.

🔹 autoGMT Backtest: true — Enables automatic GMT adjustment during backtesting.

🔹 GMT_OFFSET_Winter (AutoGMT=false): 2 — Sets the manual winter GMT offset to 2 hours when AutoGMT is disabled.

🔹 GMT_OFFSET_Summer (AutoGMT=false): 3 — Sets the manual summer GMT offset to 3 hours when AutoGMT is disabled.

🔶 News Filter Settings

🔹 UseMQL5Calendar: true — Enables the MQL5 economic calendar for news-event detection.

🔶 NFP Filter

🔹 EnableNFP_Filter: true — Enables the Non-Farm Payroll (NFP) news filter.

🔹 NFP_CloseOpenTrades: true — Enables closing of open trades around NFP events according to the EA’s NFP protection logic.

🔹 NFP_ClosePendingOrders: true — Enables the closing of pending orders around NFP events.

🔹 NFP_MinutesBefore: 50 — Sets the NFP protection period to 50 minutes before the relevant NFP event.

🔹 NFP_MinutesAfter: 30 — Sets the NFP protection period to 30 minutes after the relevant NFP event.

🔶 Interest Rate Filter

🔹 EnableIR_Filter: true — Enables the Interest Rate news-event filter.

🔹 IR_CloseOpenTrades: true — Enables closing of open positions around relevant Interest Rate events.

🔹 IR_ClosePendingOrders: true — Enables closing of pending orders around relevant Interest Rate events.

🔹 IR_MinutesBefore: 60 — Sets the Interest Rate protection period to 60 minutes before the event.

🔹 IR_MinutesAfter: 120 — Sets the Interest Rate protection period to 120 minutes after the event.

🔶 CPI Filter

🔹 EnableCPI_Filter: false — Disables the CPI news filter because the parameter is set to false.

🔹 CPI_CloseOpenTrades: true — Enables closing of open trades around CPI events if the CPI filter is activated.

🔹 CPI_ClosePendingOrders: true — Enables closing of pending orders around CPI events if the CPI filter is activated.

🔹 CPI_MinutesBefore: 60 — Sets the configured CPI protection period to 60 minutes before the event.

🔹 CPI_MinutesAfter: 120 — Sets the configured CPI protection period to 120 minutes after the event.

🔶 Trading Hours

🔹 Enable Trading hours filter: false — Disables the general trading-hours filter, allowing the EA to operate without applying this specific time restriction.

🔹 Time source: Optimized (recommended!) — Uses the Optimized time-source mode, which is explicitly marked as recommended.

🔹 starttime (!! use HH:MM !!): 00:00 — Sets the configured general trading start time to 00:00.

🔹 stoptime (!! use HH:MM !!): 24:00 — Sets the configured general trading stop time to 24:00, representing the end of the full-day time range.

🔹 DeletePending: true — Enables deletion of pending orders according to the configured trading-hours logic.

🔹 DeleteOpen: false — Disables automatic deletion of open positions under the trading-hours filter.

🔶 Trading Hours for ORB Strategies

🔹 starttime ORB strats(!! use HH:MM !!): 15:30 — Sets the ORB strategy trading start time to 15:30.

🔹 stoptime ORB strats(!! use HH:MM !!): 17:00 — Sets the ORB strategy trading stop time to 17:00.

🔶 Key Configuration Highlights

🔹 Multi-Market Trading: Indicement MT5 is configured to run US500, US30, and NAS100 modules simultaneously.

🔹 US500 Strategies: All 6 US500 strategies are enabled with US500_STRAT1 through US500_STRAT6 = true.

🔹 US30 Strategies: All 4 US30 strategies are enabled with US30_STRAT1 through US30_STRAT4 = true.

🔹 NAS100 Strategies: All 4 NAS100 strategies are enabled with NAS100_STRAT1 through NAS100_STRAT4 = true.

🔹 Risk-Based Lot Sizing: The EA uses Max Risk per Strategy as its lot-size calculation method with Max Risk per Strategy = 3.0.

🔹 Maximum Position Size: The configured maximum lot size is 99.0 lots, while the manual lot size is 0.01.

🔹 Prop Firm Controls: A dedicated Set max DAILY Drawdown (Prop Firms) parameter is available, currently configured at 0.0.

🔹 Margin Protection: CheckMargin = true, enabling margin checks as part of the trading process.

🔹 GMT Automation: Both autoGMT Live = true and autoGMT Backtest = true are enabled, with manual offsets of 2 for winter and 3 for summer.

🔹 NFP Protection: NFP filtering is enabled with 50 minutes before and 30 minutes after protection.

🔹 Interest Rate Protection: Interest Rate filtering is enabled with 60 minutes before and 120 minutes after protection.

🔹 CPI Protection: The CPI filter itself is disabled, although its configured protection values remain 60 minutes before and 120 minutes after.

🔹 Trading Hours: The general trading-hours filter is disabled, with a configured range of 00:00–24:00.

🔹 ORB Trading Window: ORB strategies are configured to operate between 15:30 and 17:00.

🔢 Conclusion

Indicement MT5 offers a highly configurable automated trading environment with dedicated strategy modules for US500, US30, and NAS100. The EA combines multi-strategy execution with risk-based lot sizing, margin checking, Prop Firm controls, automatic GMT adjustment, news-event filters, spread settings, and ORB-specific trading hours.

The displayed configuration enables Buy and Sell trades, runs all 6 US500 strategies, all 4 US30 strategies, and all 4 NAS100 strategies, while using Max Risk per Strategy with a configured risk value of 3.0. The EA also includes significant event protection for NFP and Interest Rate announcements, while the CPI filter is currently disabled.

For traders considering Indicement MT5 for live or Prop Firm environments, the most important parameters to review are the Max Risk per Strategy = 3.0, MaxLots = 99.0, LotsizeStep = 500, manual lotsize = 0.01, daily drawdown = 0.0, news-filter timing, and strategy activation settings. These should be tested carefully under the intended broker’s execution conditions before moving from backtesting or demo trading to a live account.

🔢 FAQs

❓ What markets does Indicement MT5 support in the displayed configuration?

The EA is configured for US500, US30, and NAS100, using US500, US30, and USTEC as the corresponding symbols.

❓ How many strategies are enabled for Indicement MT5?

The displayed settings enable 6 US500 strategies, 4 US30 strategies, and 4 NAS100 strategies, for a total of 14 enabled strategy modules.

❓ What is the lot-sizing method used by Indicement MT5?

The configured Lotsize calculation method is use Max Risk per Strategy, with Max Risk per Strategy = 3.0. The maximum lot size is 99.0, while the manual lot size is 0.01.

❓ Does Indicement MT5 have protection against major economic news?

Yes. The EA uses the MQL5 Calendar, with NFP and Interest Rate filters enabled. NFP protection is configured for 50 minutes before and 30 minutes after, while Interest Rate protection uses 60 minutes before and 120 minutes after.

❓ What are the ORB strategy trading hours?

The ORB strategies are configured to operate from 15:30 to 17:00. The general trading-hours filter is currently disabled, while the ORB-specific schedule remains separately configured.