🔢 WOW Dash Scalper IB Pro1 AI Robot MT4: Complete Settings Guide
WOW Dash Scalper IB Pro1 AI Robot is an automated scalping Expert Advisor designed with multiple configurable strategy modules, trade-closing functions, and position-management controls. Its inputs include a fixed lot size, selectable strategy variants, a trade-entry cooldown, spread and slippage settings, maximum trade limits, profit-based closing, push notifications, and an optional hedging feature.
The configuration also includes separate controls for enabling the first, second, and third strategy modules, along with four closing-function switches. Understanding these settings helps traders configure the EA’s trading frequency, position exposure, and trade-management behavior before running it on MetaTrader 4.
⚙️ Money Management
🔹 Money_Management = Money Management — This is a section heading that identifies the EA’s money-management settings. It organizes the position-sizing inputs and does not independently change trading behavior.
🔹 Lot = 0.1 — Sets the configured lot size to 0.1 lots. This is the base trading volume if the EA uses this input directly for new orders. Actual exposure depends on the instrument, contract size, leverage, and any additional internal lot-sizing rules.
⚙️ Strategy Settings
🔹 Strategies = Strategies — This is a section heading for the EA’s strategy-selection inputs. It separates the strategy activation switches from the money-management and closing controls.
🔹 WOW_DASH_Scalper_IB_Pro_1 = true — Enables strategy module 1. This is the only strategy module explicitly enabled in the displayed configuration, allowing the EA to use its corresponding programmed entry conditions.
🔹 WOW_DASH_Scalper_IB_Pro_2 = false — Disables strategy module 2. The EA should not initiate trades through this module while the switch remains false, although other enabled modules can continue operating.
🔹 WOW_DASH_Scalper_IB_Pro_3 = false — Disables strategy module 3. This setting limits the active strategy selection to module 1, assuming the EA respects each module’s activation switch independently.
⚙️ Closing Functions
🔹 Close_Functions = Close Functions — This is a section heading for the EA’s trade-closing controls. It groups the individual closing-function switches that may determine how trades are managed or exited.
🔹 Close_Scalper_IBPro_1 = true — Enables closing function 1, associated with the first scalper module. The precise exit condition is not specified by the input name alone, so its exact behavior depends on the EA’s internal logic.
🔹 Close_Scalper_IBPro_2 = true — Enables closing function 2. This allows the corresponding programmed closing logic to operate if its conditions are met, even though strategy module 2 is currently disabled.
🔹 Close_Scalper_IBPro_3 = true — Enables closing function 3. This setting activates the associated exit-management component, but the exact trigger and scope of the function cannot be determined from the label alone.
🔹 Close_Scalper_IBPro_4 = true — Enables closing function 4. This provides an additional active closing component; traders should verify how it interacts with the other enabled closing functions and any open positions.
⚙️ Trade Identification and Execution
🔹 MagicNumber = 731257 — Assigns the Magic Number 731257 to the EA’s trades. This identifier helps MetaTrader 4 distinguish the EA’s orders from those opened by other Expert Advisors or manually, provided the EA’s order-management logic uses the identifier consistently.
🔹 Next open trade after time(Minutes) = 30 — Sets the minimum configured interval before the next trade can be opened to 30 minutes. This cooldown may reduce rapid repeat entries and help limit trading frequency after a previous order, depending on how the EA tracks trade-opening times.
🔹 MaxSpread = 0.0 — Sets the maximum-spread input to 0.0. This value may represent a disabled spread filter or a special default mode, depending on the EA’s implementation. It should not automatically be interpreted as allowing zero spread or unlimited spread without testing the EA’s behavior.
🔹 MaxSlippage = 3 — Sets the maximum slippage parameter to 3 points. This defines the permitted execution deviation according to the EA’s order-placement logic and MetaTrader 4 execution settings. Actual fills can still vary during fast markets or when liquidity is limited.
⚙️ Profit Management and Notifications
🔹 CloseAtPL = 100.0 — Sets the profit/loss threshold parameter to 100.0. The name suggests a close-at-profit-or-loss rule, but the input does not specify the currency, whether the value applies to an individual trade or a group of trades, or whether it represents a positive profit target only. Verify the exact trigger before relying on this value for account protection.
🔹 Push_Notifications = true — Enables push notifications. If the EA has notification events configured, it can send alerts to the connected MetaTrader mobile application or other supported notification destination when the relevant conditions occur.
⚙️ Maximum Trade Limits
🔹 MaxOpenTrades = 2 — Sets the maximum total number of open trades managed under this limit to 2. This can restrict the number of simultaneous positions, although the exact counting method—such as whether pending orders are included—depends on the EA’s implementation.
🔹 MaxLongTrades = 2 — Sets the maximum number of long or buy trades to 2. This limits the number of simultaneous buy positions if the EA enforces the parameter as a separate directional cap.
🔹 MaxShortTrades = 2 — Sets the maximum number of short or sell trades to 2. This limits the number of simultaneous sell positions under the EA’s directional trade-management rules.
⚙️ Hedging Settings
🔹 Hedging = true — Enables the hedging option. This may allow the EA to hold buy and sell positions simultaneously, depending on its order-management logic and the broker’s account rules. Hedging can create offsetting exposure, but it does not eliminate trading risk and may increase costs through spreads, commissions, and swaps.
🔢 Conclusion
The current configuration of WOW Dash Scalper IB Pro1 AI Robot MT4 uses a lot size of 0.1, enables strategy module 1, and disables strategy modules 2 and 3. All four closing-function switches are enabled. The EA uses Magic Number 731257, a configured trade-entry interval of 30 minutes, a maximum slippage value of 3 points, and a CloseAtPL threshold of 100.0.
The total open-trade limit is 2, with separate limits of 2 buy trades and 2 sell trades. Push notifications and the hedging option are enabled. The maximum-spread setting is 0.0, which needs to be tested to establish whether it disables the filter or invokes another behavior.
Before deploying the EA on a live account, verify the exact function of CloseAtPL, the four closing modules, and the MaxSpread = 0.0 setting. Test the interaction between the total and directional trade limits, confirm whether hedging is supported by the account, and evaluate the 0.1-lot exposure against the available account equity. Backtesting and demo trading are recommended before live use.
