• Basic Settings

  • In MT5 press Ctrl + M to turn on Market Watch

  

  • Next right-click on the Market Watch box and select Show All

    

• Language

  MT5 must use English as its language

  

• Algo Trading: Enabled

  

• How to drop Ea into chart

  Open all the charts you want to use the EA on
  Just drop the EA onto one of those charts. Hide the rest of the charts

• Broker Symbol Prefix, Suffix

  

  • For example:

    ✨If your broker's currency pair is EURUSD, leave these two lines blank

    

    ✨If your broker’s currency pair is m.EURUSD

    

    ✨If your broker’s currency pair is EURUSD.pro

    

    ✨If your broker’s currency pair is EURUSDpro

    

• If you use AI feature

  • You need to check that you have added the link: https://api.anthropic.com
    in the option section

    

  

  • Language: ✨MT5 must use English as its language

• News filter feature setup guide

  Starting from Version 1.9, your EA includes the News Filter feature. This functionality allows the EA to automatically pause trading around significant news events, helping to mitigate risks from sudden market volatility.

  (Source news: https://www.mql5.com/en/economic-calendar)

  • High Impact: Blocks high-impact news. (Default: false)

  • Medium Impact: Blocks medium-impact news. (Default: false)

  • Low Impact: Blocks low-impact news. (Default: false)

  • Before News: Minutes to pause before news. (Default: 10)

  • After News: Minutes to pause after news. (Default: 10)

  

• Equity Protection

  

  The percentage figures are calculated based on the profit or loss generated exclusively by the AOT Bot . When either of these thresholds is reached, all positions opened by AOT will be automatically closed .

  This mechanism functions similarly to a global Take Profit (TP) and Stop Loss (SL) expressed as a percentage of the account equity.

  ---

  🛠 Functionality Settings

  • Default Disabled (False)

  • Close All at X% Profit

  When the total profit reaches the specified percentage of the account equity, all open positions will be closed automatically.

  Example: 2.0 = 2% of equity — indicating that this profit threshold corresponds to 2% of the total account capital.

  • Close All at X% Loss

  When the total loss reaches the specified percentage of the account equity, all open positions will be closed automatically.

  Example: -5.0 = -5% of equity — indicating that this loss threshold corresponds to a 5% drawdown from the total account capital.

  ---

  ⚠️ Note: Positions are identified and managed using a Magic Number .

  ⚠️ Recommendations for Parameter Tuning

  Users should adjust these parameters in accordance with other active settings such as:

  • Lot Size

  • Recovery System (if enabled)

  • Smart Position Sizing (if enabled)

  Testing Methodology

  • Test Version 0: Default settings + feature disabled (False)

  • Test Version 1: Default settings → enable the Equity Protection feature (True)

  

  • Test Version 2: Reduce Base Lot Size to 0.1 + enable Equity Protection with TP = 10% , SL = -4%

  

  Compare performance results across test versions before deploying live.

  🔑 Important Considerations (Equity Protection)
  

  • Avoid setting a large lot size while using small TP/SL thresholds , as this may negatively impact performance and risk management.

  • Always perform thorough backtesting before applying any configuration in a live trading environment.

• Lot Calculation Method : Auto-Calculate by Balance

  • Auto Lot Size: Enable automatic lot sizing based on your account balance for dynamic risk management.
    • Auto Lot Size (Dynamic Position Sizing): Enable Auto Lot Size to let the bot automatically adjust position size based on your account balance—ideal for dynamic risk management across different capital sizes.
    • Lot Size to Trade = Lot Size Value × (Your Actual Capital / Standard Capital for Calculation)
    • Example: Let’s say you set:
      • Base Lot Size = 0.025

      • Standard Capital for Calculation = $10,000

      Then:

      • If your account balance is $10,000, the bot will trade 0.25 lots.
      • If your account balance is $5,000, the bot will scale down and trade 0.0125 lots.
      • If your account balance is $20,000, the bot will scale up and trade 0.05 lots.

  

• Lot Calculation Method : Fixed Size (Set a constant lot size per trade)

  • Example: This set will make the trade open with fixed lot = 0.025 for every entry signal:

    

• Smart Position Sizing

  The default risk setting is the base value.
  Once the bot starts trading on your account and your balance grows (through the AOT's performance), if you enable this function, the bot will begin adjusting the lot size automatically—increasing it when performance is strong and reducing it during stagnation periods.

  This mechanism is designed to maximize profitability, not just in name.

  However, the final lot size will still remain within the limits defined by the minimum and maximum lot size settings.

  

Detailed instructions are in the article: https://www.mql5.com/en/blogs/post/763306

📋 Overview

The Recovery System is an advanced martingale-based trading feature that helps recover from losing positions by opening additional same-direction trades with progressively larger lot sizes. This feature is designed for experienced traders who understand the increased risks involved.

⚠️ Critical Warning

Recovery mode increases risk significantly. This system uses martingale principles which can lead to substantial losses. Use only with proper risk management and sufficient account balance. Always test on demo accounts first.

Recovery System User Guide

📃 Comparison of Backtest Results

Period: January 1, 2020 – July 10, 2025

ℹ️ Parameters for Comparison

🔴 Disabled

🔵 Enabled

⚙️ Input Parameters

1. Use Correlation Filter (prevents similar trades)
   • true: Enables the filter. The EA will check and limit the number of trades based on a currency's direction.
   • false: Disables the filter. The EA will not apply this limit.

2. Minimum Correlation to Consider (0.7 = 70% similar)
   • Definition: This sets the "similarity" threshold. If the correlation between two pairs is higher than this value, they will be considered a "correlated pair," and the filter will apply.
   • A value of 0.7 means that if two pairs move in the same direction at least 70% of the time (e.g., EURUSD and GBPUSD), they are considered similar.
   • Customization: Increasing this value (e.g., to 0.8) makes the filter less strict and allows more trades. Decreasing it (e.g., to 0.6) makes the filter stricter.

3. Max Positions in Correlated Pairs
   • Definition: This sets the MAXIMUM number of trades allowed to be open at the same time within a group of highly correlated pairs.
   • A value of 1 means: if the EA has an open trade on EURUSD, it will NOT open any new trades on other pairs highly correlated with it (like GBPUSD) until the first trade is closed. This is the safest setting.

4. Use Currency Exposure Filter
   • Definition: This is the master On/Off switch for the second protection layer.
   • true (On): The EA will actively count how many open trades are buying or selling the same individual currency.
   • false (Off): The EA will ignore this check. In your screenshot, this is currently set to false.

5. Max positions per currency direction
   • Definition: This sets the MAXIMUM number of positions allowed for the same direction (buy or sell) of a single currency.
   • Important Note: This parameter ONLY has an effect when Use Currency Exposure Filter is set to true.
   • A value of 2 (as in the screenshot) means: if the feature were enabled, the EA would never allow more than 2 trades to be selling the JPY at the same time, or more than 2 trades buying the EUR, etc. If two JPY-sell trades were already open (e.g., a Sell on USDJPY and a Sell on GBPJPY), the EA would block any new trade that also involves selling JPY (like a Sell on AUDJPY) until one of the existing positions is closed.

   Recommended values (when the filter is enabled):

   • 1: The safest and most conservative setting.
   • 2: A good balance between risk control and profit potential (Recommended).
   • 3+: Suitable for traders with a higher risk tolerance.

⚠️ IMPORTANT NOTE: THE RISK vs. REWARD TRADE-OFF

• Enabling the Currency Exposure Filter will effectively reduce Drawdown, providing better protection for your account. However, this also means that profits may be lower because the EA will skip trades that exceed the risk limit.

• Disabling the Filter (or setting a high limit) will allow the EA to enter more trades, potentially increasing profits but also increasing the risk of a higher Drawdown.

1️⃣ Overview

Smart Loss Reduction automatically reduces the maximum loss (stop loss) when a losing trade starts to recover.
This helps preserve capital and removes emotional decision-making from trade management.

2️⃣ How It Works

• When a trade is losing up to the activation threshold (default: 60% of the max loss), Smart Loss Reduction is activated.

• Each time the price recovers by a set percentage (default: 10%), the stop loss is moved closer accordingly.

• Stop loss is only improved and never moved farther away than the original position.

3️⃣ How to Configure in EA

4️⃣ Example

Initial Setup: Buy EUR/USD at 1.1000, stop loss 1.0800 (200-pip risk).

Scenario: Price drops to 1.0880 (down 120 pips = 60%) → SLR activates.
Price recovers to 1.0920 (40-pip recovery = 20%) → SL moves to 1.0840.

Result: If price falls back and hits the new SL, loss is 160 pips instead of 200.

5️⃣ Usage Notes

• This feature will not turn losing trades into winners, it only helps reduce maximum losses.

• Suitable for trades with relatively large stop losses (100–300 pips).

• Combine with proper money management for best results.

⚠️ IMPORTANT RISK SETTING WARNING ⚠️

• Even with Smart Loss Reduction, trades can still hit Stop Loss → You will still lose the set risk amount.

• Always set an appropriate Risk level for your account and strategy.

• You must know the maximum Drawdown (DD) of your current preset.

• If unsure, ask first to avoid unnecessary losses

Q: What settings do you use for your live account?

A: Our live account uses the EA's default settings.

Q: How long is the API KEY valid for?

A: The API KEY does not have an expiration date. You just need to add funds to your Claude account and start using it. When your funds run out, you just add more.

Error 5004

1. Close any programs that might have the CSV file open (Excel, Notepad, etc.),

2. Restart MT5 to ensure no file handles are stuck.,

3. Check their antivirus isn't blocking MT5 file operations.,

4. Run MT5 as Administrator (right-click → Run as administrator).