EA Magic Sand MT4

Description for EA Magic Sand

                   

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Minimum Capital Requirements & Pair Settings

• Minimum $500 – Single currency pair (e.g., EURUSD)

  • Timeframe (TF): H1–H4

  • Use News Filter: True (to avoid trading during major news events)

  • Use Trend Filter: Enabled

• XAUUSD (GOLD)

  • Timeframe (TF): H1

  • Note: If the pair is GOLD (XAUUSD), the news filter will not work.

  • Minimum Capital: $1000

  • Lot Size: 0.01

  • Use News Filter: True

Easy to Use Expert Advisor (EA)

Attach the EA to the chart and use with provided settings.

Suggested Pairs:
EURUSD, (GBPUSD), NZDUSD, AUDUSD, AUDJPY, USDCHF, XAUUSD
(You can add more pairs depending on your available capital)

Recommended Timeframes:

• M15 for active trading

• H1 for safer trading

Capital Guidelines

• $100 = 10,000 cents → Suitable for 2–3 currency pairs

• $500 = 50,000 cents → Suitable for Gold + one or more other pairs

EA Trade Settings

• Trade Buy: If set to false, EA will not place BUY orders

• Trade Sell: If set to false, EA will not place SELL orders

• Open New Series: If set to false, EA will not start a new trade cycle

Entry Logic

• First Entry: True

  • Reverse Entry 1: If True, EA will place an opposite order (e.g., sell instead of buy)

  • Fixed Distance: Distance in pips between trades for First Entry

• Second Entry: True

  • Reverse Entry 2: If True, EA will place an opposite order for the second entry

• Third Entry: True

  • Reverse Entry 3: If True, EA will place an opposite order for the third entry

Note: If First, Second, and Third Entries are all True, the EA can open up to 3 trades at the same time

Additional Settings

• Use Trend Filter: If True, EA will follow the trend direction of the current chart

• Start Lot: Manual lot size defined by the user

Risk Management

• Use Equity Stop: True

  • Equity Risk in $: Example – if set to $10, and drawdown reaches $10 for the pair, EA will close all trades and stop trading that pair

• Daily Profit Target: Once the daily profit target is reached, EA will stop trading

• Drawdown Alert: True

  • Max DD in $: Example – if set to $10, EA will send a notification once drawdown reaches or exceeds $10

Trailing Stop Settings

• Use Trailing Stop: True

  • Trailing Stop (in pips): For example, 100 pips

  • Trigger: When trade reaches 100 pips + 30 pips profit, EA sets SL at 100 pips

  • Trailing Step: 30 pips – SL will move every 30 pips in profit

Let me know if you need this formatted as a document or used in a user manual.

Enable News Filter

To activate the news filter, attach the News EA to one chart and select “All Currencies” in the settings.
When high-impact news is detected, the Magic News EA will automatically pause trading for Magic Sand to avoid unnecessary risk.

Download News EA

Note: I only sell my product through the official MQL5 Market.
If you find it listed on any other website or social media platform, it is likely a scam or fraudulent copy. Please be cautious and avoid purchasing from unauthorized sources.

DISCLAIMER:-
                     Please note that foreign exchange and other leveraged trading involve a significant risk of loss. This may not be suitable for all investors. It is possible to lose all of your invested capital. You should NEVER invest money you cannot afford to lose. Before trading, please understand the risks involve.