🔢 Price Action Robot MT5 Settings Guide – Full Input Parameters Explained
Price Action Robot MT5 is an advanced automated trading Expert Advisor (EA) developed for the MetaTrader 5 platform. The EA uses price action strategies combined with candle confirmation, risk management tools, breakeven protection, and prop firm safety filters to help traders automate market entries with controlled risk exposure. With flexible time filters and news protection systems, Price Action Robot MT5 is suitable for both retail traders and prop firm traders.

🔢 Price Action Robot MT5 Input Settings
Below are the details of the parameters in the advisor’s trading system settings table:
🔶 Strategy Parameters
🔹 SwingStrength = 3: Defines the swing sensitivity level used to identify market highs and lows for trade entries.
🔹 MaxSpreadPoints = 200: Sets the maximum spread allowed at 200 points before opening trades.
🔹 UseCandleConfirmation = true: Enables candle confirmation logic before executing trading positions.
🔶 Trade Parameters
🔹 MagicNumber = 888261: Unique identifier assigned to all trades opened by Price Action Robot MT5.
🔹 TradeComment = PriceAction: Adds the comment PriceAction to all EA trades.
🔹 Slippage = 30: Maximum allowed slippage during order execution is set to 30 points.
🔹 FixedLot = 0.1: Uses a fixed trading lot size of 0.1.
🔹 RiskPercent = 0.0: Percentage-based risk management is disabled because the value is 0.0.
🔹 StopLossBuffer = 100.0: Adds an additional stop-loss safety buffer of 100.0 points.
🔹 RiskReward = 2.0: Uses a risk-to-reward ratio of 2.0.
🔹 UseBreakEven = true: Activates the breakeven protection feature.
🔹 BE_Trigger_R = 1.0: Breakeven activates after the trade reaches 1.0R profit level.
🔹 BE_BufferPoints = 20.0: Applies a 20.0 point buffer when moving stop-loss to breakeven.
🔶 Trading Hours – Time Filter
🔹 StartHour = 00:00: Trading starts at 00:00 platform/server time.
🔹 EndHour = 23:00: Trading stops at 23:00 platform/server time.
🔹 Monday = true: Trading is enabled on Monday.
🔹 Tuesday = true: Trading is enabled on Tuesday.
🔹 Wednesday = true: Trading is enabled on Wednesday.
🔹 Thursday = true: Trading is enabled on Thursday.
🔹 Friday = true: Trading is enabled on Friday.
🔶 News Protection Settings
🔹 NewsProtection = true: Enables built-in news event protection.
🔹 doNotTradeBeforeInMinutes = 60: Stops trading 60 minutes before important news events.
🔹 doNotTradeAfterInMinutes = 60: Stops trading 60 minutes after important news releases.
🔹 Report for USD = true: Enables news filtering for USD-related economic events.
🔹 Report for EUR = true: Enables news filtering for EUR-related economic events.
🔶 Prop Trading Firms Settings
🔹 Daily Profit [%] = 0.0: Daily profit target is disabled because the value is 0.0.
🔹 Daily Profit [currency] = 0.0: Currency-based daily profit target is disabled.
🔹 Daily Loss Protection [%] = 0.0: Daily loss protection percentage is disabled.
🔹 MaxTradesPerDay = 0: No daily trade limit is applied.
🔹 Max Drawdown Protection (Equity Guard) [%] = 0.0: Equity drawdown protection is disabled.
🔹 ResetEquityGuard = false: Equity guard reset automation is disabled.
🔹 Profit Target [%] = 0.0: Percentage-based overall profit target is disabled.
🔹 InitialBalance = 0.0: No custom initial balance value is configured.
🔹 StopAfterTarget = true: The EA stops trading after reaching the target condition.
🔹 ResetProfitTarget = false: Automatic profit target reset is disabled.
🔢 Conclusion
Price Action Robot MT5 is a feature-rich automated trading EA that combines price action analysis, candle confirmation, breakeven management, and advanced news filtering into a single trading solution. The EA also includes prop firm protection settings and flexible risk controls, making it ideal for traders seeking a disciplined and automated MT5 trading strategy.
🔢 FAQs
❓ What is Price Action Robot MT5?
Price Action Robot MT5 is an automated Expert Advisor that trades using price action strategies on MetaTrader 5.
❓ Does Price Action Robot MT5 include news protection?
Yes, the EA includes a built-in economic news filter with customizable pause times.
❓ Can I use fixed lot sizes with Price Action Robot MT5?
Yes, the EA supports fixed lot trading using the FixedLot parameter.
❓ What is the purpose of the RiskReward setting?
The RiskReward parameter controls the ratio between stop-loss distance and take-profit targets.
❓ Is Price Action Robot MT5 suitable for prop firm trading?
Yes, the EA includes prop firm protection features such as equity guard, daily loss protection, and trading limits.









