Description

WallStreet Recovery PRO EA MT4 – Complete Settings Explanation

WallStreet Recovery PRO EA MT4 is a recovery-based Expert Advisor designed with a strong focus on risk control, intelligent recovery logic, news protection, time management, and broker-safety mechanisms.
This EA is suitable for traders who want maximum control over drawdown while trading in a disciplined and structured manner.

Below is a complete and detailed explanation of all settings, exactly as shown in the EA inputs.

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1. Risk Management Settings

These settings define how the EA manages lot sizing and overall trading risk.

FixedLots

A manually defined lot size.
Example: 0.01 = ultra-low risk, suitable for small or conservative accounts.

AutoMM

Automatically calculates lot size based on account balance.
0.0 means Auto Money Management is disabled.

AutoMM_Max

Defines the maximum lot size limit when AutoMM is enabled, preventing overexposure.

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2. General Settings

Core operational rules that control how the EA executes trades.

Magic

A unique trade identifier ensuring WallStreet Recovery PRO EA trades do not interfere with other EAs.

MaxSpread / MaxSpreadExit

Maximum allowed spread for opening or closing trades.
Protects against trading during unfavorable market conditions.

Slippage

Defines the maximum price difference allowed during trade execution.

StealthMode

Hides Stop Loss and Take Profit levels from the broker to help avoid stop-hunting.

EmergencyStopDist

Emergency stop distance (in points) used during extreme market volatility.

NFA / No_Hedge

Required for US-regulated brokers where hedging is prohibited.

LongTrades / ShortTrades

Enable or disable BUY and SELL trades independently.

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3. Custom Settings

User-level customization options for trade handling.

PendingOrderDist

Distance (in points) used for placing pending orders.

StopLimitExpire

Time (in minutes) after which pending orders automatically expire.

StopLoss

Fixed stop-loss level in points.

TakeProfit

Fixed take-profit level.
If set to 0, the EA manages exits dynamically.

SecureProfit & SecureProfitTrigger

Locks in profits automatically once a predefined profit level is reached.

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4. Recovery Settings

Controls the EA’s intelligent recovery system for managing drawdown.

RecoveryAfter

Defines the loss threshold at which recovery trading begins.

MaxRecoveryTrades

Maximum number of recovery trades allowed.

RecoveryTradeLots

Lot size used for recovery trades.

RecoveryMinProfitDollars

Minimum combined profit required before closing all recovery trades together.

This module is designed to recover losing positions in a controlled and calculated manner.

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5. Monday–Friday Trading Rules

Defines weekly trading behavior.

MondayStartHour

Hour at which trading starts on Monday.

LastTradeHour / ExitHour

Controls when the EA stops opening new trades or closes existing trades.

FridayExit

If enabled, all positions are closed on Friday to avoid weekend gaps.

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6. GMT Settings

Ensures correct alignment with broker time.

AutoGMT_Offset

Automatically detects broker GMT offset (recommended).

ManualGMT_Offset

Manual override if AutoGMT detection fails.

DST_Usage

Daylight Saving Time options:

• EU_DST
• US_DST
• No_DST

Correct GMT settings are critical for news filtering and time-based rules.

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7. News Filter Settings

Protects trades during high-impact economic events.

Avoid_News

Enables or disables the news filter.

Include_Medium_News

Option to block medium-impact news events.

Wait_Before_News / Wait_After_News

Defines how many minutes the EA pauses trading before and after news releases.

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8. Time Management Settings

Advanced control over trading days and restricted hours.

MondayTrading – SundayTrading

Enable or disable trading on specific days.

MondayHoursForbidden – FridayHoursForbidden

Block specific hours during each trading day.

This feature is extremely useful for avoiding:

• Low-liquidity sessions
• High-risk market hours
• Spread widening periods

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9. Notification Settings

Keeps the trader informed in real time.

EMAIL_Notification

Sends trade alerts via email.

PUSH_Notification

Sends alerts directly to the MetaTrader mobile app.

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10. Protection Settings

A powerful account-level protection system to prevent major losses.

Daily Protections

• Maximum daily loss (currency or percentage)
• Maximum daily drawdown (%)
• Daily reset hour

Account-Level Protections

• Minimum equity limit
• Maximum equity limit
• Maximum number of open trades

These settings act as safety brakes for the trading account.

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11. Broker Spy Module (BSM)

Detects unfair broker behavior and poor execution quality.

BSM_Alerts

Enables alerts for suspicious broker activity.

BSM_Alert_Open_Delay / Close_Delay

Monitors abnormal order execution delays.

BSM_Alert_Open_Slippage / Close_Slippage

Detects excessive slippage during trade entry or exit.

This module helps protect traders from poor execution and broker manipulation.

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Product Specifications

Timeframe

M15 (15-Minute Chart)
Optimized for stable entries, controlled risk, and smooth execution.

Minimum Deposit

$100
Designed to operate safely on small accounts with proper risk control.

Supported Currency Pairs

Best performance on major, liquid pairs:

• EURUSD
• GBPUSD
• USDJPY
• AUDUSD
• USDCHF
• USDCAD
• NZDUSD

These pairs are selected for low spread, high liquidity, and stable price behavior.

Product Type

No DLL – Unlimited License

✔ No external DLL files required
✔ Unlimited activations
✔ Compatible with all MT4 brokers
✔ Lifetime use without restrictions