Price Action EA Settings, Trade Management, and Notifications

Summary

This description outlines a MetaTrader expert advisor that trades from price action around the open candle and can send mobile push notifications. It identifies hourly charts, major forex pairs, and NASDAQ stocks as intended markets, and recommends trying the system on a demo account. The material is a product configuration guide rather than a tested strategy study; it gives no entry rules precise enough to reproduce the signal logic and presents no performance evidence.

The listed controls cover fixed or money- and percentage-based profit targets, trailing stops, stop loss, moving average periods, maximum concurrent trades, equity drawdown control, and break-even behavior. It also describes increasing trade size after losses, with an option to disable that feature. These settings affect exposure and risk substantially, but the document gives no sizing rationale, risk limits validated by results, or market-specific evaluation. Parameters should therefore be understood as configuration options, not evidence of profitability or safety.

Key ideas

• The advisor is described as trading using price action tied to the open candle and sending mobile notifications.
• Its settings include stop losses, profit targets, trailing exits, moving average periods, and a cap on simultaneous trades.
• An equity stop and break-even controls are available for managing account-level and trade-level risk.
• The lot increase feature can be disabled, but no evidence is given about the risks or performance of the sizing approach.
• The document recommends demo use and provides no backtest or live trading results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.