Price Action Expert Advisor Settings for Stops, Scaling, and Drawdown

Summary

This document describes a price-action expert advisor intended for major forex pairs and NASDAQ stocks, with operation across timeframes. It says the EA evaluates the open candle and lists configurable controls for take profit and trailing stops, including money- and percentage-based targets. Additional settings cover fixed stop and target distances, moving-average periods, fractal inputs, trade limits, and moving a stop to break even.

The settings also allow increasing position size after losses through an increase factor and exponent, as well as a money-based trailing stop across multiple trades. Equity-stop controls are provided to limit account drawdown. These options describe the EA’s mechanics but do not disclose its entry logic in enough detail to reproduce it or evaluate its edge. No backtest results, market conditions, or risk-adjusted performance are given; the recommendation to optimize periodically does not establish that the parameters are robust. The listed inputs should be treated as configuration guidance, not validated settings.

Key ideas

• The EA is described as using price action on major forex pairs and NASDAQ stocks across timeframes.
• It offers fixed, trailing, money-based, and percentage-based profit and stop controls.
• Position size can increase after losses, while equity-stop settings target drawdown control.
• The document lists moving-average, fractal, and trade-count parameters but does not fully explain entries.
• No performance results or evidence of parameter robustness are provided.

Tags

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