Forex ea CR7 VIP EA V1.0 MT4

The CR7 VIP EA (Expert Advisor) comes with a set of adjustable parameters that allow traders to fine-tune the robot’s performance on MetaTrader. Below is a breakdown of the key trading inputs and their implications:

⚙️ Trading Parameters

FTs / FT (1 & 2):

These represent the internal filters or strategy modes the EA uses to determine entry signals. Setting different values helps diversify trade conditions.

Lots (0.1):

The EA is set to trade with a fixed lot size of 0.1 lots, which is a relatively conservative entry, suitable for small to medium accounts.

TakeProfit (10.0):

Each trade is targeted to close at 10 pips profit, making this EA a scalping-style system with quick trade exits.

StopLoss (0.0):

The Stop Loss is set to 0.0, meaning the EA may use a virtual or hidden stop loss strategy. Traders should be cautious, as risk management depends heavily on the algorithm.

TradeGap (2.0):

Defines the pip distance between grid trades. A 2.0 value indicates tight grid spacing, potentially increasing trade frequency.

MaxTrades (20):

The system allows a maximum of 20 open trades simultaneously, making it a grid-based strategy that can scale positions during market movements.

Order Magic Number (123):

Unique identifier for the EA’s trades, useful for tracking and preventing interference with other Expert Advisors.

📊 Directional Trading

BUY (30) / SELL (0):

The EA is currently configured to focus only on BUY entries, avoiding short positions.

GOLD (True):

Confirms that the EA is optimized for XAUUSD (Gold) trading.

BUYG (30) / SELLG (0):

Reinforces the long-only strategy on Gold.

⏱️ Timeframe Settings

Frame1 (15 Minutes): Primary analysis timeframe.

Frame2 (1 Minute): Entry confirmation on a shorter timeframe.

→ This combination suggests a multi-timeframe analysis approach, filtering signals on M15 while refining entries on M1.