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PARAMOUR GLADIATOR EA MT4: Complete Settings Guide

PARAMOUR GLADIATOR EA is a scalping-based Forex Expert Advisor for MT4 that targets small price movements of 1-5 pips per trade. This guide will help you understand and customize all input parameters to match your trading style and risk tolerance. The EA employs non-repainting indicators to determine entry and exit points while maintaining ultra-tight stop loss mechanisms for capital protection.

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Detailed Analysis of Input Settings of PARAMOUR GLADIATOR EA

The input parameters are organized by function, including authentication, risk management, trade settings, trailing options, market conditions, and session controls.

Authentication and Basic Settings

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Password	Authentication key required for EA activation	“Gladiator”	Use provided password exactly as given	EA will not function without correct password
Order Magic Number	Unique identifier for trades placed by this EA	2000	1-99999 (choose a unique number)	Helps distinguish this EA’s trades from others

Risk Management Parameters

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Risk Management	Determines the overall risk profile of trading	High Risk	Medium or Low Risk recommended for beginners	Higher risk increases profit potential but also potential losses
Lot Sizing Methods	Determines how position sizes are calculated	Dynamic Lot Based On Equity	Fixed Lot for beginners, Dynamic for experienced traders	Affects position sizing and overall risk exposure
Fix Lots	Fixed lot size for each trade when fixed lot method is selected	0.01	0.01-0.1 for $1000 accounts	Directly impacts risk per trade
Dynamic Lot Risk	Percentage of account balance/equity/margin used to calculate position size	0.1 (0.0001%)	0.1-1.0 (0.0001%-0.001%)	Higher values increase risk and potential profit/loss
Minimum Lot Size	Minimum position size allowed	0.01	Depends on broker (usually 0.01)	Ensures trades aren’t too small
Maximum Lot Size	Maximum position size allowed	100.0	0.1-1.0 recommended for retail accounts	Prevents excessively large positions

Trade Management Parameters

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Take Profit (In Point)	Distance in points to set profit target	10	10-50 for scalping	Determines when trades close in profit
Stop Loss (In Point)	Distance in points to set stop loss	0	10-30 recommended (0 = disabled)	Controls maximum loss per trade – setting to 0 is high risk
Additional Price Gap	Extra buffer added to SL and TP to avoid rejection	5.0	1-10 based on broker conditions	Helps ensure orders are accepted
Orders are Deleted After	Time in seconds after which pending orders are canceled	3600 (1 hour)	300-7200 (5 min – 2 hours)	Prevents outdated pending orders
Open BUY And SELL Together	Allows simultaneous long and short positions	true	false for directional strategies	Creates hedged positions if enabled
Instant Modification	Enables immediate order modifications	true	true recommended	Faster trade adjustments

Trailing Stop Parameters

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Start Trailing Profit	Points of profit before trailing stop activates	100.0	20-100	Higher values secure more profit before trailing

Market Condition Filters

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Maximum Spread	Maximum allowed spread for opening trades	20.0	5-15 for major pairs	Prevents trading during unfavorable spread conditions

Drawdown Protection

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Drawdown Action	Action taken when drawdown limit is reached	Stop Open New Position & Trails	Varies by risk tolerance	Controls EA behavior during losses
Maximum Percentage Of Drawdown	Maximum allowed account drawdown percentage	30.0%	10-20% recommended	Lower values offer more protection
Maximum Amount of Drawdown	Maximum allowed drawdown in account currency	0.0 (Disabled)	Depends on account size	Alternative to percentage-based control
Symbol Drawdown Action	Action when drawdown limit is reached for current symbol	Stop Open New Position & Trails	Same as general drawdown action	Symbol-specific protection
Maximum Percentage Of Symbol Drawdown	Maximum allowed drawdown for current symbol	30.0%	10-20% recommended	Symbol-specific protection
Maximum Amount Of Symbol Drawdown	Maximum allowed drawdown in account currency for symbol	0.0 (Disabled)	Depends on account size	Alternative to percentage-based control

Account Protection

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Maximum Daily Profit	Daily profit limit after which trading stops	50.0	10-30% of account balance	Secures profits and prevents overtrading
Minimum Percentage Of Margin Level	Minimum allowed margin level percentage	0.0 (Disabled)	200-500% recommended if enabled	Prevents margin calls
Minimum Amount Of Free Margin	Minimum required free margin to trade	0.0 (Disabled)	50-100% of typical position margin	Ensures sufficient margin buffer

News Filter Settings

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Type Of Stop On News Setting	How EA handles trading during news events	Stop Open First New Position	Based on trading strategy	Reduces risk during volatile news periods

Trading Schedule

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Trade On Monday/Tuesday/etc.	Enables/disables trading on specific days	true (for Monday & Tuesday)	Based on market conditions	Controls which days EA trades
First Trading Session	First time period for trading	00:00 to 23:59	Align with major sessions	Controls when EA is active
Second Trading Session	Second time period for trading	10:00 to 15:00	Align with major sessions	Additional trading window
Third Trading Session	Third time period for trading	20:00 to 22:00 (not used)	Align with major sessions	Additional trading window

Summary and Recommendations

Set Stop Loss to at least 10-15 points rather than using the risky default of 0.
Reduce Dynamic Lot Risk to 0.1-0.5% for more conservative trading.
Lower Maximum Drawdown settings to 10-15% for better capital protection.
Use ECN brokers with tight spreads to maximize the effectiveness of this scalping strategy.
Consider reducing Maximum Lot Size to 1.0-5.0 to prevent excessive position sizing.
Test on demo accounts for at least 1-2 months before live trading.
Monitor the EA during high-impact news despite the built-in news filter.
Verify that your broker displays prices in points matching the EA’s expectations.
Consider using the EA primarily on EURUSD and XAUUSD as recommended by the developer.
Ensure your VPS or computer has reliable 24/5 connectivity for proper EA operation.
Double-check server time vs. broker time to ensure trading sessions are correctly aligned.
Avoid manual intervention with EA trades unless absolutely necessary.

Important Risk Warning

Forex trading involves substantial risk of loss. Past performance of this Expert Advisor is not indicative of future results. Market conditions change constantly, affecting EA performance. Users are solely responsible for implementing proper risk management and thoroughly testing the EA before live trading. The developer of PARAMOUR GLADIATOR EA accepts no responsibility for any trading losses incurred.

Forex EA Settings Guides

PARAMOUR GLADIATOR EA MT4: Complete Settings Guide

PARAMOUR GLADIATOR EA MT4: Complete Settings Guide