🔢 Oracle MT5 Settings Guide
Oracle MT5 is a flexible automated trading Expert Advisor designed to combine multiple trading strategies, configurable position sizing, session-based trading windows, trailing management, spread controls, weekday filters and news protection.
The supplied settings show a multi-market configuration covering Gold and GBPUSD, with two separate Gold strategies and dedicated trading schedules for each market.
🔶 General & Money Management Settings
🔹 Information Panel = true – Displays the EA information panel on the chart for easier monitoring of its current trading configuration and status.
🔹 Recovery = false – Disables the recovery mechanism in the current configuration, meaning recovery-based position adjustments are not activated.
🔹 Recovery coefficient = 1.5 – Defines the recovery multiplier as 1.5 if the Recovery function is enabled.
🔹 Trading Frequency = Intense – Selects the Intense trading-frequency mode, allowing the EA to operate with a more active trading profile.
🔹 Positions Count for Moderate Mode = 1 – Sets the position threshold for the Moderate trading mode to 1 position.
🔹 Positions Count for Intense Mode = 2 – Sets the position threshold for the Intense trading mode to 2 positions.
🔹 Use Balance Step for Lot = false – Disables balance-step-based lot calculation.
🔹 Volume for Balance = 0.01 – Sets the volume reference to 0.01 lots for the configured balance-based calculation.
🔹 Balance = 100.0 – Defines 100.0 as the balance reference associated with the volume calculation.
🔹 Percent of Risk from Deposit = 30.0 – Sets the deposit-based risk parameter to 30.0%.
🔹 Use FixLot = false – Disables the fixed-lot mode.
🔹 Fix Lot = 0.01 – Defines a fixed lot size of 0.01 if fixed-lot trading is enabled.
🔹 Daily Loss Limit = false – Disables the daily loss limit in the current configuration.
🔹 Daily Loss Limit% = 5.0 – Defines a daily loss threshold of 5.0% when the Daily Loss Limit function is activated.
🔶 Gold Strategy 1 Settings
🔹 Strategy 1 for Gold = true – Enables Gold Strategy 1 for automated trading.
🔹 Begin Hr = 9 – Sets the Strategy 1 trading start hour to 9.
🔹 Begin Min = 0 – Sets the Strategy 1 starting minute to 0, creating a start time of 09:00.
🔹 End Hr = 16 – Sets the Strategy 1 trading end hour to 16.
🔹 End Min = 59 – Sets the Strategy 1 ending minute to 59, creating an end time of 16:59.
🔹 TakeProfit for Gold Strategy 1 = 300.0 – Sets the Take Profit parameter for Gold Strategy 1 to 300.0.
🔹 StopLoss for Gold Strategy 1 = 3000.0 – Sets the Stop Loss parameter for Gold Strategy 1 to 3000.0.
🔶 Gold Strategy 2 Settings
🔹 Strategy 2 for Gold = true – Enables Gold Strategy 2 for automated Gold trading.
🔹 Begin Hr = 0 – Sets the Strategy 2 trading start hour to 0.
🔹 Begin Min = 0 – Sets the Strategy 2 starting minute to 0, creating a start time of 00:00.
🔹 End Hr = 23 – Sets the Strategy 2 trading end hour to 23.
🔹 End Min = 59 – Sets the Strategy 2 ending minute to 59, creating an end time of 23:59.
🔹 TakeProfit for Gold Strategy 2 = 390.0 – Sets the Take Profit parameter for Gold Strategy 2 to 390.0.
🔹 StopLoss for Gold Strategy 2 = 1650.0 – Sets the Stop Loss parameter for Gold Strategy 2 to 1650.0.
🔶 GBPUSD Settings
🔹 Begin Hr = 7 – Sets the GBPUSD trading start hour to 7.
🔹 Begin Min = 0 – Sets the GBPUSD starting minute to 0, creating a start time of 07:00.
🔹 End Hr = 16 – Sets the GBPUSD trading end hour to 16.
🔹 End Min = 59 – Sets the GBPUSD ending minute to 59, creating an end time of 16:59.
🔹 TakeProfit GBPUSD = 400.0 – Sets the Take Profit parameter for GBPUSD to 400.0.
🔹 StopLoss GBPUSD = 2350.0 – Sets the Stop Loss parameter for GBPUSD to 2350.0.
🔶 Trailing Stop Settings
🔹 Trailing On Off = false – Disables the trailing-stop mechanism in the current configuration.
🔹 Trailing Start = 200 – Specifies 200 as the profit level at which trailing management would start if enabled.
🔹 Trailing From = 100 – Defines 100 as the trailing reference distance/starting parameter used by the EA when trailing is active.
🔹 Trailing Step = 3 – Sets the trailing adjustment step to 3.
🔶 Friday & Trade Execution Settings
🔹 Close At Friday = false – Disables automatic closing of positions on Friday.
🔹 Close At Friday Hour = 23 – Sets the Friday closing hour to 23 if Friday position closure is enabled.
🔹 Comments = Oracle – Uses “Oracle” as the trade comment for identifying EA-generated orders.
🔹 Magic = 777 – Assigns 777 as the EA's Magic Number for identifying and managing its own positions.
🔹 Slippage = 100 – Sets the maximum permitted slippage parameter to 100.
🔹 Maximal Spread = 1000 – Sets the maximum permitted spread parameter to 1000.
🔹 Only Buy = false – Disables buy-only trading, allowing the EA to trade in both directions subject to its strategy logic.
🔹 Only Sell = false – Disables sell-only trading, allowing both Buy and Sell opportunities.
🔶 Trading Days
🔹 Trade of Monday = true – Enables trading on Monday.
🔹 Trade of Tuesday = true – Enables trading on Tuesday.
🔹 Trade of Wednesday = true – Enables trading on Wednesday.
🔹 Trade of Thursday = true – Enables trading on Thursday.
🔹 Trade of Friday = true – Enables trading on Friday.
🔶 News Settings
🔹 Use NewsFilter = false – Disables the automated news filter in the current configuration.
🔹 Don't open positions minutes before the news = 60 – Specifies a 60-minute restriction window before relevant news when the news filter is enabled.
🔹 Don't open positions minutes after the news = 60 – Specifies a 60-minute restriction window after relevant news when the news filter is enabled.
🔹 CALENDAR IMPORTANCE HIGH = true – Enables filtering for High-importance economic-calendar events when the News Filter is activated.
🔹 CALENDAR IMPORTANCE MODERATE = false – Disables filtering for Moderate-importance economic-calendar events.
🔢 Oracle MT5 Configuration Summary
🔹 Trading Frequency: Intense
🔹 Recovery: Disabled
🔹 Recovery Coefficient: 1.5
🔹 Balance-Step Lot Sizing: Disabled
🔹 Volume for Balance: 0.01
🔹 Balance Reference: 100.0
🔹 Deposit Risk: 30.0%
🔹 Fixed Lot: Disabled
🔹 Fixed Lot Value: 0.01
🔹 Daily Loss Protection: Disabled
🔹 Daily Loss Limit: 5.0%
🔹 Gold Strategy 1: Enabled — 09:00–16:59
🔹 Gold Strategy 1 Take Profit: 300.0
🔹 Gold Strategy 1 Stop Loss: 3000.0
🔹 Gold Strategy 2: Enabled — 00:00–23:59
🔹 Gold Strategy 2 Take Profit: 390.0
🔹 Gold Strategy 2 Stop Loss: 1650.0
🔹 GBPUSD Trading Window: 07:00–16:59
🔹 GBPUSD Take Profit: 400.0
🔹 GBPUSD Stop Loss: 2350.0
🔹 Trailing Stop: Disabled
🔹 Trailing Start: 200
🔹 Trailing From: 100
🔹 Trailing Step: 3
🔹 Friday Closing: Disabled
🔹 Magic Number: 777
🔹 Trade Comment: Oracle
🔹 Slippage: 100
🔹 Maximum Spread: 1000
🔹 Buy-Only Mode: Disabled
🔹 Sell-Only Mode: Disabled
🔹 Trading Days: Monday–Friday enabled
🔹 News Filter: Disabled
🔹 Pre-News Restriction: 60 minutes
🔹 Post-News Restriction: 60 minutes
🔹 High-Importance News: Enabled
🔹 Moderate-Importance News: Disabled
🔢 Conclusion
Oracle MT5 provides a broad set of configuration options for traders looking for a multi-strategy automated trading system. The current setup enables Gold Strategy 1, Gold Strategy 2, and GBPUSD trading, with different trading windows and separate Take Profit and Stop Loss parameters.
The EA is configured for Intense trading frequency, while Recovery and Fixed Lot modes are disabled. The 30.0% deposit-risk parameter is present, although its exact operational effect depends on the EA's internal position-sizing logic and the active lot-management settings.
A notable point is that Trailing On Off = false, so the configured trailing values (200, 100, and 3) are currently inactive. Likewise, the Daily Loss Limit = false and Use NewsFilter = false mean their corresponding numerical settings are configured but not actively enforcing those protections.
Before deploying Oracle MT5 on a live account, traders should carefully verify the EA's unit conventions for Take Profit, Stop Loss, spread, slippage, and risk values, then conduct forward testing under their intended broker conditions.
🔢 FAQs
❓ What markets does Oracle MT5 trade according to these settings?
The configuration includes Gold through two dedicated strategies and GBPUSD through a separate trading schedule.
❓ What are the trading hours for Gold Strategy 1?
Gold Strategy 1 is enabled from 09:00 to 16:59 based on the configured Begin and End hour/minute values.
❓ Is Gold Strategy 2 active throughout the day?
Yes. Gold Strategy 2 is configured from 00:00 to 23:59, effectively covering the entire day subject to the EA's other trading conditions.
❓ Is the trailing stop currently active?
No. Trailing On Off = false, so the trailing parameters Trailing Start = 200, Trailing From = 100, and Trailing Step = 3 are not currently active.
❓ Is the news filter enabled?
No. Use NewsFilter = false. If activated, the configuration specifies 60 minutes before and 60 minutes after news, with High-importance events enabled and Moderate-importance events disabled.
