Wolf Forex Signal EA v7 MT4 Source code – Input Settings Explanation

Wolf Forex Signal EA v7 MT4 Source code is a signal-driven automated trading system designed to execute trades based on internal market analysis with controlled risk and disciplined execution. The EA is structured to be simple for users while keeping the core logic protected.

1. Signal & Trade Identification

• Magic Number
  Unique identifier that allows the EA to manage only its own trades.
• Signal Mode
  The EA internally analyzes market conditions and generates buy/sell signals automatically.

This ensures clean trade management without interference from other EAs or manual trades.

2. Lot & Risk Management

• Fixed Lot Size
  Allows traders to define a constant lot size for conservative trading.
• Auto / Risk-Based Lot (if enabled)
  Adjusts position size based on account balance or predefined risk percentage.

This flexibility makes the EA suitable for both small and medium-sized accounts.

3. Take Profit & Stop Loss Control

• Take Profit Settings
  Defines how much profit each trade aims to capture.
• Stop Loss Settings
  Protects the account from excessive loss on individual trades.

Every trade is executed with predefined risk boundaries.

4. Trade Direction Control

• Buy Signals Enable / Disable
• Sell Signals Enable / Disable

Allows users to restrict trading direction based on market bias or strategy preference.

5. Time & Session Filters

• Trading Hours Filter
  Restricts trading to selected market sessions.
• Day Filters
  Optional control to avoid trading on specific days.

This helps avoid low-liquidity or high-risk market periods.

6. Execution Filters

• Spread Filter
  Prevents trading during high spread conditions.
• Slippage Control
  Limits execution deviation during fast markets.

These filters improve trade quality and execution reliability.

Strategy Overview (How WOLF FOREX SIGNAL EA Trades)

WOLF FOREX SIGNAL EA v7.00 uses a signal-based trading strategy:

• Analyzes market direction using internal indicators
• Confirms entries before opening trades
• Trades with fixed stop loss and take profit
• Avoids aggressive recovery techniques
• No martingale and no grid behavior

The EA focuses on precision entries rather than overtrading.

Performance & Trading Behavior

WOLF FOREX SIGNAL EA is designed for steady and disciplined performance rather than high-risk growth.

Performance Characteristics

• Moderate trade frequency
• Clean win/loss structure
• Short to medium trade duration
• Stable equity behavior when used with proper risk

Risk Profile

• Clearly defined risk per trade
• No averaging or lot multiplication
• Suitable for prop firm rules (with conservative settings)
• Best performance achieved under normal market conditions

Recommended Usage

• Pairs: Major Forex pairs
• Timeframes: M15 – H1
• Account Type: ECN / Low spread
• Leverage: 1:100 or higher
• Minimum Balance: Low to medium (depends on lot size)

Conclusion

WOLF FOREX SIGNAL EA v7.00 is a reliable signal-based automated trading system built for traders who prefer structured entries, controlled risk, and long-term stability. It is ideal for users seeking automation without aggressive or dangerous strategies.