Pow Banker EA MT5 v8.991 + SetFiles (Original version)

🔢 Pow Banker EA MT5 – Complete Settings Guide for Automated Forex Trading

Pow Banker EA MT5 is a professional automated Forex trading Expert Advisor (EA) developed for MetaTrader 5 (MT5). The EA combines sequence trading, ATR-based calculations, advanced lot sizing, equity protection, trend filtering, RSI, EMA, ADX, Bollinger Bands and news filtering systems.

Designed for flexible risk management and automated execution, Pow Banker EA MT5 helps traders optimize trading performance across multiple market conditions.

Pow Banker EA MT5 setting

🔢 Installation Panel Parameters

Below are the details of the parameters in the advisor’s trading system settings table:

Pow Banker EA MT5 settings panel details

Pow Banker EA settings panel details

🔶 General Settings

🔹 Allow New Sequence = true — Allows the EA to start new trading sequences automatically.

🔹 Strategy Description (Freetext) — Reserved field for custom strategy notes or descriptions.

🔹 Colour Scheme = Dark Mode — Enables the Dark Mode interface theme.

🔹 Magic Number (Max 8 digits) = 777 — Assigns the unique Magic Number 777 to identify EA trades.

🔹 Trade Comment — Allows custom comments to be attached to trades.

🔹 Use Random Entry Delay (0-5 sec) = true — Randomizes trade entry timing between 0 and 5 seconds.

🔹 Max Spread (pips, 0=off) = 0.0 — Disables maximum spread filtering.

🔶 EA Licensing Settings

🔹 API KEY — Field used for EA activation and licensing authentication.

🔶 Sequence Settings

🔹 ATR Period = 1000 — Sets the ATR calculation period to 1000 candles.

🔹 Pip Step (negative means Multiplier of ATR) = 15.0 — Defines the pip distance between sequence orders as 15.0 pips.

🔹 Pip Step Exponent = 1.2 — Multiplies pip step distance by 1.2 for each additional order.

🔹 Max/Min Pip Step (0=no limit) = 0.0 — Removes pip step limitations.

🔹 Delay Trade Sequence = 3 — Delays the start of a new sequence by 3 units/time intervals.

🔹 Live Delay (0=off) = 0 — Disables live execution delay.

🔹 1st Trade After LD Lot Multiplier (1=off) = 1.0 — Keeps the first trade lot multiplier unchanged at 1.0.

🔹 Combine LD Trades = true — Combines delayed trades into one trading sequence.

🔹 Trading Direction = Long and Short — Allows both BUY and SELL trading directions.

🔹 Maximum Orders (In One Direction) = 20 — Limits maximum trades per direction to 20 orders.

🔹 Reverse Sequence Direction = false — Disables reverse trading sequence direction.

🔶 Take Profit Settings

🔹 Stop Loss (negative means Multiplier of ATR) = 0.0 — Disables Stop Loss protection.

🔹 Take Profit (pips, 0 = Risk/Reward) = 0.0 — Uses Risk/Reward mode instead of fixed Take Profit.

🔹 Take Profit as Risk/Reward (Requires SL) = 3.0 — Sets Take Profit at a 3.0 Risk/Reward ratio.

🔹 Lock Profit Min Trades = 0 — No minimum trade requirement for profit locking.

🔹 Lock Profit (negative means Multiplier of ATR) = 30.0 — Locks profits after reaching 30.0 ATR/pip conditions.

🔹 Lock Profit – When to Check = On Bar Close (Chart Timeframe) — Checks profit lock conditions after candle close.

🔹 Trailing Stop (negative means Multiplier of ATR) = 5.0 — Uses a trailing stop distance of 5.0.

🔹 Trailing Stop – When to Check = On Bar Close (Chart Timeframe) — Updates trailing stop on candle close.

🔶 Lot Size Settings

🔹 !!! Compound Lot Size Info !!! — Information section explaining compound lot size logic.

🔹 Compound Lot Size (enter as Lots Per 100k) = false — Disables compound lot sizing.

🔹 Lot Size = 0.35 — Sets fixed lot size to 0.35 lots.

🔹 Risk % (Overrides LotSize, Requires SL) = 0.0 — Disables percentage-based risk calculation.

🔹 Lot Size Exponent = 1.2 — Multiplies lot sizes by 1.2 for sequence orders.

🔹 Max Lot Size (0=No limit) = 0.0 — Removes maximum lot size limitation.

🔶 Weekend Closure Settings

🔹 Close For The Weekend = false — Keeps trading active during weekends if market is open.

🔹 Day To Close (21:00) = Friday — Sets Friday as the scheduled closing day.

🔹 Day To Restart (01:00) = Monday — Restarts trading on Monday at 01:00.

🔶 Custom Trading Session Settings

🔹 Custom/Sessions Trading Times = Not Enabled — Disables custom trading sessions.

🔹 Monday (0=No Trading) = 00:00-23:59 — Allows trading all day Monday.

🔹 Tuesday (0=No Trading) = 00:00-23:59 — Allows trading all day Tuesday.

🔹 Wednesday (0=No Trading) = 00:00-23:59 — Allows trading all day Wednesday.

🔹 Thursday (0=No Trading) = 00:00-23:59 — Allows trading all day Thursday.

🔹 Friday (0=No Trading) = 00:00-23:59 — Allows trading all day Friday.

🔹 Action At End of Session = Wait For Sequence To Close — Waits for current trade sequence completion before ending sessions.

🔶 Equity Protector Settings

🔹 Max Running Loss (In Currency) = 0.0 — Disables maximum running loss limitation.

🔹 Restart EA after Loss = Restart Next Day (01:00) — Restarts EA automatically the next day after losses.

🔹 Restart In Hours = 0 — No restart delay in hours.

🔹 Daily Profit Target (In Currency) = 0.0 — Disables daily profit target.

🔹 Ultimate Equity Target (0=off) = 0.0 — Disables ultimate equity target feature.

🔹 Global Equity Stop – Type = Absolute Equity Stop (e.g. 9600) — Uses absolute equity values for account protection.

🔹 Global Equity Stop (0=off) = 0.0 — Disables global equity stop.

🔹 Min Seconds Between Trades = 0 — No minimum delay between trades.

🔶 Accelerated Recovery Settings

🔹 Use Accelerated Recovery = false — Disables accelerated recovery mode.

🔹 Initial Lot Size = 0.1 — Sets initial recovery lot size to 0.1 lots.

🔹 Initial Max Loss = 1000.0 — Defines maximum recovery loss threshold at 1000.0.

🔹 Recovery Exponent = 2.0 — Multiplies recovery lot sizes by 2.0.

🔶 RSI Settings

🔹 Use RSI Criteria = false — Disables RSI filtering conditions.

🔹 RSI Timeframe = M1 — Sets RSI calculation timeframe to M1.

🔹 RSI Period = 4 — Uses RSI period value of 4.

🔹 Sell Level (Buy level mirrored at “100 – Sell Level”) = 90 — Sets RSI sell level to 90.

🔶 EMA Settings

🔹 Use EMA = false — Disables EMA trend filtering.

🔹 EMA – Timeframe = M30 — Uses M30 timeframe for EMA calculations.

🔹 EMA – Periods (Fast-Mid-Slow) = 4 – 8 – 60 — Uses EMA periods 4, 8, and 60.

🔹 EMA – Trend Rule = With Trend & Ranging Market — Applies EMA strategy in trending and ranging conditions.

🔹 EMA – Double Check For First Real Trade = false — Disables additional EMA confirmation.

🔶 ADX Settings

🔹 Use ADX = false — Disables ADX filtering.

🔹 ADX – Timeframe = M30 — Uses M30 timeframe for ADX calculations.

🔹 ADX – Period = 14 — Sets ADX period to 14.

🔹 ADX – Threshold = 30.0 — Uses ADX threshold value of 30.0.

🔹 ADX – Trend Rule = With Trend & Ranging Market — Applies ADX in both trending and ranging markets.

🔹 ADX – Double Check For First Real Trade = false — Disables ADX double confirmation.

🔶 Bollinger Bands Settings

🔹 Use Bollinger Bands = Off — Disables Bollinger Bands filtering.

🔹 BB – Timeframe = H1 — Uses H1 timeframe for Bollinger Bands calculations.

🔹 BB – Period = 120 — Sets Bollinger Bands period to 120.

🔹 BB – Deviations = 1.5 — Uses deviation level of 1.5.

🔶 Same Pair/Direction Filter

🔹 Same Pair/Direction Filter = false — Disables pair and direction filtering restrictions.

🔶 High Impact News Filter

🔹 [Backtesting hardcoded to GMT+2/+3 with US DST] — Uses GMT+2/+3 timezone for backtesting calculations.

🔹 Use High Impact News Filter = false — Disables high-impact news filtering.

🔹 USD News affects all instruments = true — Applies USD news filtering across all trading instruments.

🔹 Hours before news to stop = 1.0 — Stops trading 1.0 hour before news events.

🔹 Hours after news to start = 4.0 — Restarts trading 4.0 hours after news events.

🔹 Minutes before news – No Transactions = 0 — No additional transaction pause before news.

🔹 Minutes after news – No Transactions = 0 — No additional transaction pause after news.

🔹 Action when stopping before news = Manage open trade sequence — Continues managing existing trade sequences during news.

🔹 News Invert – Only trade around news = false — Disables inverse trading around news events.

🔶 Inverse Trading Settings

🔹 Inverse Trading = false — Disables inverse trading mode.

🔹 Inverse – Start Sequence No = 1 — Starts inverse sequence at order number 1.

🔹 Inverse – No of trades (0=no limit) = 0 — No limit on inverse trades.

🔹 Max Daily Loss Trail = 0.0 — Disables daily loss trailing protection.

🔹 Max Daily Loss Lock-in Frequency = Every Tick — Checks daily loss protection on every tick.

🔹 Max Daily Loss Trail Frequency = Every Tick — Updates loss trailing on every tick.

🔹 BE after x trades = 0 — Disables break-even activation after trade count.

🔶 Optimization Settings

🔹 Min Trades (0=off) = 0 — Disables minimum trade requirement.

🔹 Max Trades (0=off) = 0 — Disables maximum trade restriction.

🔹 Max Average Trade Duration (Hours, 0=off) = 0.0 — Disables average trade duration limit.

🔹 Max Duration Individual Trade (Hours, 0=off) = 0.0 — Disables individual trade duration limit.

🔢 Conclusion

Pow Banker EA MT5 is a highly advanced automated Forex trading robot for MetaTrader 5 that integrates sequence trading, ATR-based calculations, smart lot management, trend filters, news protection and equity control systems.

With customizable RSI, EMA, ADX, Bollinger Bands, and recovery settings, the EA offers traders flexible automation for different market conditions and trading styles.

Proper optimization of risk management and sequence settings is essential to maximize stability and long-term profitability.

🔢 FAQs

❓ What is Pow Banker EA MT5?
Pow Banker EA MT5 is an automated Forex Expert Advisor for MetaTrader 5 featuring sequence trading, ATR calculations, and advanced risk management systems.

❓ Does Pow Banker EA MT5 support both BUY and SELL trading?
Yes, the Trading Direction setting is configured as “Long and Short,” allowing both BUY and SELL trades.

❓ Can Pow Banker EA MT5 filter market conditions using indicators?
Yes, the EA supports RSI, EMA, ADX, and Bollinger Bands filters for market analysis.

❓ Does Pow Banker EA MT5 include news protection?
Yes, the EA includes a High Impact News Filter system with configurable stop and restart times.

❓ What risk management features are available in Pow Banker EA MT5?
The EA includes equity protection, trailing stop, lock profit, recovery systems, and global equity stop controls.