🔢 Prototype AI EA MT5 – Complete Settings & Parameters Guide
Prototype AI EA MT5 is a configurable MetaTrader 5 Expert Advisor designed for Gold (XAUUSD) trading on the M15 timeframe. Its settings focus on flexible money management, directional trade control, ATR-based position spacing, break-even protection and adaptive trailing-stop parameters.
The configuration shown provides detailed controls for fixed-margin money management, maximum directional positions, GMT synchronization, minimum trade distance, break-even activation, ATR-based trailing and trade identification.
🔄 Symbol & Timeframe
🔹 Symbol = Gold (XAUUSD) — The EA is configured to trade Gold (XAUUSD).
🔹 Timeframe = M15 — The primary chart timeframe is M15 (15-minute).
🔄 Money Management
🔹 Mode money management = Fixed Margin — Selects Fixed Margin as the money-management method, meaning position sizing is based on the configured fixed-margin approach rather than the percentage setting.
🔹 Percent (recommended: 3%) = 3.0 — Sets the percentage parameter to 3.0%, which is explicitly shown as the recommended 3% value.
🔹 Fixed volume = 1.0 — Sets the fixed trading volume to 1.0 lot when the corresponding fixed-volume calculation is used.
🔄 General Trade Settings
🔹 Magic number = 43011501 — Assigns 43011501 as the EA's unique Magic Number for identifying and managing its own trades.
🔹 Comment = Comment — Uses Comment as the order comment associated with EA trades.
🔹 Trade Type Control = Both — Allows the EA to operate with both Buy and Sell trade directions.
🔹 Maximum number of positions in one direction (0-Unlimited) = 0 — Sets the maximum number of positions in a single direction to 0, which means unlimited according to the parameter description.
🔹 Adjustment of digits = 0.0 — Sets the price-digit adjustment parameter to 0.0, meaning no additional digit adjustment is configured.
🔄 GMT Settings
🔹 Auto detect Warning = GMT offset ("Auto detect" is not supported in the Strategy Tester. Select the GMT offset manually.) — This is an informational warning explaining that automatic GMT detection is not supported in the MT5 Strategy Tester and that manual GMT selection should be used for backtesting.
🔹 GMT offset = GMT+3 — Sets the EA's operating GMT offset to GMT+3.
🔄 Position Opening Distance Filter
🔹 Enable position opening filter by distance = false — Disables the minimum-distance filter between newly opened positions.
🔹 Minimum distance from an open position (as a percentage of ATR) = 0.6 — Defines the minimum distance as 0.6 ATR when the distance filter is enabled.
🔄 Break-Even by Profit Level
🔹 Enabled = false — Disables the break-even mechanism in the current configuration.
🔹 Trigger point (in pips) = 139 — Sets the break-even activation threshold to 139 pips when the feature is enabled.
🔄 Trailing Stop & ATR Settings
🔹 ATR Timeframe = 1 Hour — Uses the 1 Hour timeframe for ATR calculations.
🔹 ATR period = 96 — Sets the ATR calculation period to 96 candles.
🔹 Minimum ATR multiplier (in percent)[0...1] = 0.6 — Sets the minimum ATR multiplier to 0.6, within the displayed 0...1 range.
🔹 Maximum ATR multiplier (in percent)[0...2] = 2.0 — Sets the maximum ATR multiplier to 2.0, within the displayed 0...2 range.
🔢 Prototype AI EA MT5 – Complete Configuration Summary
🔹 Trading Symbol: Gold (XAUUSD)
🔹 Trading Timeframe: M15
🔹 Money Management Mode: Fixed Margin
🔹 Percent: 3.0%
🔹 Fixed Volume: 1.0 lot
🔹 Magic Number: 43011501
🔹 Trade Comment: Comment
🔹 Trade Type: Both
🔹 Maximum Positions in One Direction: 0 = Unlimited
🔹 Adjustment of Digits: 0.0
🔹 GMT Offset: GMT+3
🔹 Position Distance Filter: false
🔹 Minimum Distance: 0.6 ATR
🔹 Break-Even: false
🔹 Break-Even Trigger: 139 pips
🔹 ATR Timeframe: 1 Hour
🔹 ATR Period: 96
🔹 Minimum ATR Multiplier: 0.6
🔹 Maximum ATR Multiplier: 2.0
🔢 Important Configuration Notes
🔹 The fixed volume is 1.0 lot — This is a significant position size, so traders should verify that it is appropriate for their account size and broker's contract specifications.
🔹 The maximum positions setting is 0 — The input explicitly states 0-Unlimited, so this configuration does not impose a numerical cap on positions in one direction through this parameter.
🔹 Break-even is disabled — Although the trigger is configured at 139 pips, the feature itself is set to false.
🔹 The distance filter is disabled — The 0.6 ATR minimum-distance value will not be applied while Enable position opening filter by distance = false.
🔹 GMT+3 should be verified against the broker — Incorrect time-zone configuration can affect time-dependent EA behavior and backtest consistency.
🔹 ATR calculations use 1 Hour / 96 — The ATR timeframe is 1 Hour, with a relatively specific calculation period of 96.
🔹 The displayed settings should be backtested before live deployment — Especially because the configuration includes 1.0 lot fixed volume and 0 = unlimited positions in one direction.
🔢 Conclusion
Prototype AI EA MT5 is configured as a Gold (XAUUSD) M15 trading system with Fixed Margin money management, a 3.0% percentage parameter, and a 1.0 lot fixed-volume setting.
The EA allows both Buy and Sell trades, uses Magic Number 43011501, and permits unlimited positions in one direction because the maximum-position setting is 0. Its GMT configuration is GMT+3.
The position-distance filter and break-even system are currently disabled, while the break-even trigger remains configured at 139 pips. For volatility-based management, the EA uses a 1 Hour ATR timeframe, ATR period 96, and an ATR multiplier range of 0.6–2.0.
Before using Prototype AI EA MT5 on a live account, it is advisable to backtest the exact configuration, verify the broker's XAUUSD contract specifications, confirm the GMT setting, and carefully evaluate exposure created by the 1.0-lot volume and unlimited directional-position setting. No EA parameter configuration can guarantee profitable trading or eliminate market risk.
🔢 FAQs
❓ What market and timeframe is Prototype AI EA MT5 configured for?
The displayed configuration is designed for Gold (XAUUSD) on the M15 (15-minute) timeframe.
❓ What is the current money-management configuration?
The EA uses Fixed Margin, with Percent = 3.0 and Fixed volume = 1.0 lot.
❓ How many positions can the EA open in one direction?
The parameter is set to 0, and its description specifies 0-Unlimited, meaning there is no numerical directional-position limit from this setting.
❓ Is break-even protection enabled?
No. Enabled = false. The break-even trigger is nevertheless configured at 139 pips and would become relevant if the feature were enabled.
❓ What ATR settings does Prototype AI EA MT5 use?
The EA uses ATR Timeframe = 1 Hour, ATR period = 96, Minimum ATR multiplier = 0.6, and Maximum ATR multiplier = 2.0.
