🔢 Nesco MT4 – Complete Settings & Parameters Guide
Nesco MT4 is an automated Forex trading Expert Advisor designed for MetaTrader 4 that combines multiple built-in trading strategies, dynamic Stop Loss and Take Profit calculations, risk management controls, and multi-day trading filters.
The EA allows traders to choose predefined strategy portfolios, manage lot sizing automatically or manually, and optimize trade execution through configurable risk and performance parameters.
🔢 Nesco MT4 Settings Explained
Below are the details of the parameters in the advisor’s trading system settings table:
🔶 Strategy Settings
🔹 Strategy Portfolio # = #111; #109; #251; #103 — Defines the active collection of trading strategies used by the EA, combining strategies #111, #109, #251, and #103.
🔹 Strategy select = -------EURUSD------- — Specifies that the selected strategy configuration is optimized for the EURUSD currency pair.
🔹 Auto lot | Fixed lot = Auto Lot — Enables automatic lot size calculation based on the EA’s money management rules.
🔹 Lot Size = 0.01 — Fixed lot size value used when Auto Lot is disabled.
🔹 Magic expert = 113355 — Unique Magic Number used by Nesco MT4 to identify and manage its own trades.
🔹 Max loss in pips = 1500 — Maximum cumulative loss allowed before the EA applies protective actions.
🔹 Stop trading for 24h after loss pips = 1000 — Suspends trading for 24 hours after reaching a loss of 1000 pips.
🔹 multicurrency test = false — Multi-currency testing mode is disabled.
🔶 Ultimate Mode
🔹 Ultimate Run = true — Activates the EA’s Ultimate Mode for enhanced strategy execution and optimization.
🔹 Averaging days SL/TP = 9 — Uses a 9-day averaging period when calculating Stop Loss and Take Profit levels.
🔹 Coefficient DR for SL = 1.0 — Dynamic Range coefficient applied to Stop Loss calculations.
🔹 Min SL = 100 — Minimum Stop Loss value allowed is 100 points/pips.
🔹 Max SL = 600 — Maximum Stop Loss value allowed is 600 points/pips.
🔹 Coefficient DR for TP = 0.5 — Dynamic Range coefficient applied to Take Profit calculations.
🔹 Min TP = 100 — Minimum Take Profit value allowed is 100 points/pips.
🔹 Max TP = 400 — Maximum Take Profit value allowed is 400 points/pips.
🔶 Loyalty Club
🔹 Name or login on MQL5 = (empty) — Optional field for entering the trader’s MQL5 account name or login.
🔶 Other Settings
🔹 Symbol with prefixes = (empty) — Allows configuration of broker-specific symbol prefixes if required.
🔹 Day trading = 1,2,3,4,5 — Trading is enabled from Monday (1) through Friday (5).
🔹 Install the key = (empty) — Field used for activation or licensing key entry if required by the developer.
🔶 Commands
🔹 High-Frequency mode = false — High-frequency trading mode is disabled.
🔢 Conclusion
Nesco MT4 is a versatile automated trading system that combines multiple strategy portfolios with advanced risk management and dynamic Stop Loss/Take Profit calculations.
Features such as Ultimate Mode, automatic lot sizing, daily trading filters, and loss-protection mechanisms make it suitable for traders seeking a structured and configurable Forex trading solution.
Proper optimization of lot sizing, SL/TP limits, and trading schedules can help improve overall EA performance while maintaining risk control.
🔢 FAQs
❓ What currency pair is configured in the provided Nesco MT4 settings?
The displayed configuration is set for EURUSD.
❓ Does Nesco MT4 support automatic lot sizing?
Yes, the current setup uses Auto Lot, allowing the EA to calculate position sizes automatically.
❓ What happens if the EA loses 1000 pips?
The parameter Stop trading for 24h after loss pips = 1000 instructs the EA to pause trading for 24 hours after reaching that loss threshold.
❓ Is High-Frequency Trading enabled by default?
No. The setting High-Frequency mode = false means HFT mode is currently disabled.
❓ What are the default Stop Loss and Take Profit limits?
The EA uses a dynamic system with Min SL = 100, Max SL = 600, Min TP = 100, and Max TP = 400, adjusted through the Dynamic Range coefficients.
