Taurus Pro EA MT4 Settings Explained (Full Parameters)
Taurus Pro EA is a professional automated trading Expert Advisor designed for the MetaTrader 4 platform. The EA combines indicator-based Stop Loss and Take Profit management with flexible risk controls and trailing stop functionality. With support for percentage-based lot sizing, customizable trailing logic, and low-slippage execution settings, Taurus Pro EA is suitable for traders looking for disciplined and automated forex trading performance.
Risk Settings
🔹 Magic Number = 13579: Unique identifier (13579) used to manage and track all trades opened by the EA.
🔹 Order Comment = FX TAURUS PRO: Adds “FX TAURUS PRO” as the trade comment for positions and orders.
🔹 Lot Sizing Method = Risk %: Uses percentage-based money management for automatic lot size calculation.
🔹 % Risk Per Trade = 1.0: Risks 1.0% of the account balance per trade.
🔹 Lots = 0.01: Sets the fixed trading lot size to 0.01 lots when fixed lot mode is used.
🔹 Stop Loss Mode = Use Indicator SL: Uses the trading indicator to calculate Stop Loss levels automatically.
🔹 SL Points = 100: Sets Stop Loss distance to 100 points if manual SL mode is applied.
🔹 Take Profit Mode = Use Indicator TP: Uses the trading indicator to calculate Take Profit levels automatically.
🔹 TP Points = 100: Sets Take Profit distance to 100 points if manual TP mode is applied.
Trailing Stop Settings
🔹 Profit Trailing = false: Disables trailing stop functionality.
🔹 Trail Stop After X Points In Profit = 100: Trailing stop would activate after reaching 100 points in profit if enabled.
🔹 Trail By X Points = 100: Trailing stop would move by 100 points if trailing functionality is enabled.
🔹 Slippage = 3: Maximum allowed slippage set to 3 points during order execution.
Conclusion
The Taurus Pro EA settings provide a balanced automated trading framework with indicator-based trade management and percentage-based risk control. By combining dynamic Stop Loss (SL) and Take Profit (TP) calculation with customizable trailing stop parameters, the EA offers flexibility for both conservative and aggressive trading styles. Understanding these settings helps traders optimize trade execution, manage account risk effectively and improve long-term trading consistency.
FAQs
❓ What does Lot Sizing Method = Risk % mean?
It automatically calculates lot size based on the selected account risk percentage.
❓ Why is % Risk Per Trade = 1.0 important?
It limits each trade risk to 1.0% of the account balance for safer money management.
❓ What is the purpose of Stop Loss Mode = Use Indicator SL?
It allows the EA to determine Stop Loss levels automatically using trading indicators.
❓ Why is Profit Trailing = false set by default?
The EA currently operates without trailing stop management unless manually enabled.
❓ What does Slippage = 3 do?
It limits acceptable price slippage during trade execution to 3 points.
