Money Mind BTC is an Expert Advisor designed to trade BTCUSD automatically, managing both entries and exits. It uses dynamic market analysis to determine optimal entry points and applies global risk and profit control. This guide explains each configuration parameter, how it affects trading, and how to adjust it based on your risk profile.
magicNumber – Magic number
Unique identifier for the EA’s trades. If running multiple EA instances on different symbols or timeframes, assign a different number to each to avoid mixing trades.
initialLotSize – Initial lot size
Initial lot size for the first trade.
Recommendation:
* Small accounts ( $5,000): adjust according to risk.
If autoLotScaling is enabled, this value adjusts automatically with balance growth or reduction.
kDistance – Sensitivity to pullbacks for re-entries
Multiplier of the average range (M15, 20 candles) defining the minimum pullback distance for new entries of the same type.
Effect:
* Lower value = more re-entries, more risk.
* Higher value = fewer re-entries, less exposure.
Recommended starting value: 1.2 for balance between frequency and risk.
takeProfitGlobalPct – Global Take Profit (Percentage)
Percentage of total account balance profit to close all EA positions.
Example: With a $10,000 balance and 0.7% value, EA will close all when floating profit reaches $70.
Recommendation:
* Conservative: 0.5% – 0.7%
* Moderate: 0.7% – 1.0%
* Aggressive: 1.0% – 1.5%
autoLotScaling – Enable auto lot scaling
If enabled, initial lot size is adjusted proportionally to balance growth.
Usage:
* Enable for compounding growth.
* Disable to maintain a fixed lot.
lotStrategy – Lot sizing strategy (fixed, arith, geom)
Lot size calculation method:
* fixLot: Lot does not change (except for autoLotScaling).
* martingaleArithmetic: Adds a small increment to the last lot.
* martingaleGeometric: Multiplies the last lot, increasing size faster.
Recommendation:
* Fixed for low risk.
* Arithmetic for moderate increase.
* Geometric for aggressive profiles with strict risk control.
positionType – Position type (buy-only, sell-only, or both)
Allows trading only buys, only sells, or both directions.
Usage: Select “Both” for full trading, or restrict to one side if a clear market trend is detected.
generalStopLoss – Max loss % of balance to close all
Maximum allowed loss as a percentage of account balance to close all trades.
Example: With a $10,000 balance and 1.0% value, EA will close all if floating loss reaches -$100.
Important: Define this value before optimizing other parameters.
maxOpenPositions – Max open positions allowed
Maximum number of open trades allowed by the EA.
Recommendation:
* Conservative: 3 – 5
* Moderate: 6 – 8
* Aggressive: 9 – 12
Must align with the chosen lot strategy to avoid excessive margin usage.
comentario – Comment
Text added to the “Comment” field of each trade.
Usage: Helps identify trades in history and broker terminal.
devMinPct – Min % price deviation to trigger entries
Minimum price deviation from the reference value to allow the first entry.
Effect:
* Lower value = more signals and frequent entries.
* Higher value = more filtered entries.
Recommendation for BTC: 1.0% – 1.4%.
bandMult – Band width multiplier for entry signals
Multiplier of average range to calculate activation bands for the first entry.
Effect:
* Narrow bands = more crosses, more entries.
* Wide bands = fewer entries, more selective.
Recommendation for BTCUSD: 3.0 – 3.6.
Sales only through MQL5 Market – Buy here:
https://www.mql5.com/en/market/product/48053
