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.

1. Risk Management Settings

WallStreet Recovery PRO EA MT4

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

Fixed Lots

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

Auto MM

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

Auto MM_Max

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

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.

Max Spread / Max Spread Exit

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.

Stealth Mode

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

Emergency Stop Dist

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

NFA / No_Hedge

Required for US-regulated brokers where hedging is prohibited.

Long Trades / Short Trades

Enable or disable BUY and SELL trades independently.

3. Custom Settings

User-level customization options for trade handling.

Pending Order Dist

Distance (in points) used for placing pending orders.

Stop Limit Expire

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

Stop Loss

Fixed stop-loss level in points.

Take Profit

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

Secure Profit & Secure Profit Trigger

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

4. Recovery Settings

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

Recovery After

Defines the loss threshold at which recovery trading begins.

Max Recovery Trades

Maximum number of recovery trades allowed.

Recovery Trade Lots

Lot size used for recovery trades.

Recovery Min Profit Dollars

Minimum combined profit required before closing all recovery trades together.

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

5. Monday–Friday Trading Rules

WallStreet Recovery PRO EA MT4

Defines weekly trading behavior.

Monday StartHour

Hour at which trading starts on Monday.

Last Trade Hour / Exit Hour

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

Friday Exit

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

6. GMT Settings

Ensures correct alignment with broker time.

Auto GMT Offset

Automatically detects broker GMT offset (recommended).

Manual GMT 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.

7. News Filter Settings

WallStreet Recovery PRO EA MT4

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.

8. Time Management Settings

Advanced control over trading days and restricted hours.

Monday Trading – Sunday Trading

Enable or disable trading on specific days.

Monday Hours Forbidden – Friday Hours Forbidden

Block specific hours during each trading day.

This feature is extremely useful for avoiding:

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

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.

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.

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.

WallStreet Recovery PRO EA MT4

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