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ROE Magneto EA MT4: Complete Settings Guide

ROE Magneto EA MT4 is a user-friendly day trading robot specifically designed for EURUSD on the M5 timeframe. This guide will help you understand and customize the EA’s parameters to match your personal trading style and risk tolerance. The EA utilizes advanced algorithms to analyze market conditions and execute precise trades with automatic stop loss and take profit management.

For detailed information on ROE Magneto EA MT4, please see here

Detailed Analysis of Input Settings of ROE Magneto EA MT4

The parameters for ROE Magneto EA are organized by their function in the trading process. The main groups include basic configuration, risk management, and trade execution settings.

Basic Configuration Settings

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
EA_Name	Identifies the EA in your trading terminal	Magneto	Keep as default	No trading impact
Magic Number	Unique identifier for trades placed by this EA	1111	1-99999 (any unique number)	Allows tracking EA trades separately

Risk Management Settings

Parameter Name	Description	Default Value	Range/Recommended Values	Impact
Lots	Initial lot size for trades	0.01	0.01-2.0 (For $1k: 0.01-0.05, For $100k: 1.0-2.0)	Directly affects risk exposure and potential profit/loss
Lot_Multiply	Multiplier for position sizing in case of a losing trade	2.0	1.0-1.5 (safer), Default 2.0 (higher risk)	Higher values increase risk exponentially with consecutive losses
Stop_Loss	Maximum loss allowed per trade in pips	100.0	50-100 pips (safer approach)	Larger values increase potential loss per trade but may avoid premature closures
Take_Profit	Target profit per trade in pips	5.0	5-6 pips (as recommended)	Smaller values secure profits quickly but may limit potential gains

Summary and Recommendations

Use 0.05 lots per $1000 for conservative trading, 0.08 lots for medium risk.
Focus exclusively on EURUSD on the M5 timeframe as the EA is specifically optimized for this pair.
Trade during recommended hours: Monday to Friday between 12 AM EST to 7 AM EST.
Avoid trading during high-impact USD news events.
Consider reducing the Lot_Multiply from 2.0 to 1.5 for safer compounding.
Test preset files before live trading (EURUSD_$1K_Low Risk.set for beginners).
Use a reliable VPS to ensure 24/7 operation during recommended trading hours.
Verify that your broker quotes prices in 5-digit format for proper pip calculation.
Maintain a minimum deposit of $1,000 for proper risk management.
Monitor drawdown levels, aiming to keep below 30% even in worst-case scenarios.

Important Risk Warning

Forex trading involves substantial risk of loss and is not suitable for all investors. Past performance of ROE Magneto EA does not guarantee future results. Market conditions can change rapidly, affecting EA performance. Users are solely responsible for their trading decisions, proper installation, and risk management. Always test thoroughly on a demo account before live trading. The developer assumes no responsibility for any financial losses incurred while using this EA.