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MEKAMAINA EA MT4: Complete Settings Guide

MEKAMAINA EA MT4 is an AI-powered forex trading robot designed to help traders pass prop firm challenges and achieve consistent profitability. This guide provides detailed instructions for customizing the EA’s parameters to match your trading style and risk tolerance. The EA utilizes advanced algorithms to analyze market conditions while implementing dynamic risk management strategies.

You can find more details about the MEKAMAINA EA 2.0 MT4 product here.

Detailed Analysis of Input Settings of MEKAMAINA EA MT4

The parameters of MEKAMAINA EA MT4 are organized into functional groups for easier configuration, including trade execution, risk management, time settings, and technical identifiers.

Trade Execution Settings

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Max Spread	Sets the maximum allowed spread for opening trades	350.0	5.0-20.0 for major pairs	Higher values allow trading in more volatile conditions but may increase costs
Lot Size	Determines the volume for each trade	1.0	0.01-0.1 for $1,000 accounts	Directly impacts risk exposure; higher values mean higher risk
Max Position	Limits the maximum number of concurrent positions	1.0	1-3 for conservative approach	Higher values increase potential profit but also risk

Risk Management Parameters

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Stop Loss Pips	Sets the fixed stop loss distance in pips	50.0	30-100 depending on pair volatility	Smaller values reduce risk per trade but may increase likelihood of being stopped out
Percentage_to_apply	Controls risk percentage adjustment factor	1.0	0.5-2.0	Higher values increase risk/reward profile
Take Profit	Defines profit target in pips	Not specified	1.5-2× Stop Loss value	Determines profit target; affects risk-reward ratio

Time Settings

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Start Time	Hour when EA begins trading (server time)	12.0	Align with New York session (13:00-21:00 GMT)	Restricts trading to specific market hours
End Time	Hour when EA stops trading (server time)	20.0	Align with New York session close	Prevents trading during less favorable periods

Technical Identifiers

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Magic Number	Unique identifier for EA trades	8754	Any unique number	Allows EA to identify its own trades; changing prevents management of existing trades
Secure Key	Security verification value	0.0	Use developer-provided value	Required for EA activation

Summary and Recommendations

• Reduce default Lot Size to 0.01-0.1 per $1,000 of account balance for safer risk management.
• Test the EA with EURUSD during New York session hours for optimal performance.
• Confirm server time settings to ensure trading window aligns with desired market sessions.
• Reduce Max Spread from default 350.0 to 10-20 pips for major pairs to control trading costs.
• Keep Max Position at 1.0 initially until EA performance is verified.
• Use a low-latency VPS like MyfxVPS.com as recommended by the developer.
• Avoid changing Magic Number after deployment to prevent orphaned trades.
• Consider Exness or HTFX brokers as suggested by the developer for optimal compatibility.
• Back-test any parameter changes before applying to live trading.
• Verify whether Stop Loss is in pips or points before setting values.
• Maintain Take Profit at 1.5-2× the Stop Loss value for favorable risk-reward ratio.

Important Risk Warning

Forex trading involves substantial risk of loss. Past results do not guarantee future performance of this EA. Market conditions change constantly, affecting the EA’s performance. Users are solely responsible for implementing proper risk management, thoroughly testing the EA before live trading, and monitoring its operation. The developer provides no guarantees of profit and bears no responsibility for any trading losses incurred.