Description

Shauns CoPilot EA: Precision Trading for Serious Traders

Shauns CoPilot EA—How This Dual-Layer Strategy Engine Can Guide Your Trades

Table of Contents

1. What Is Shauns CoPilot EA?
2. Why Traders Choose CoPilot
3. Dual-Layer Strategy Engine Explained
4. Smart Signal Fusion: 20+ Indicators Working Together
5. Risk Management That Puts Safety First
6. Entry Filters for Precise Timing
7. Dynamic Lot Sizing & Progression
8. Full On-Chart Control
9. Plug-and-Play Custom Indicator Slots
10. Quick Setup Guide
11. Real-World Performance
12. License Information & Pricing
13. Frequently Asked Questions
14. Final Thoughts

What Is Shauns CoPilot EA?

Shauns CoPilot EA is an expert advisor (EA) for MetaTrader 4 & 5 that combines two strategy layers—Anchor and Scalp—to cover both trending and fast-moving market conditions. Built by Shaun Featherstone, one of the UK’s most respected EA architects, the tool is ranked #237 out of 8,659 Darwinex Zero accounts. CoPilot adapts to multiple trading styles while keeping risk firmly under control.

Key points:

• Developed with thousands of hours of testing and real feedback.
• Modular design: enable or disable features to match your own plan.
• Runs on most major currency pairs, indices, and even metals.

“CoPilot lets me run a trend plan during London hours and a scalp plan during New York. I haven’t found anything else that flexible.” — Retail trader, verified review

Why Traders Choose CoPilot

CoPilot appeals to a broad group of users, from prop-firm challengers to part-time traders. Below are the main reasons people add it to their toolkit:

Internal Reference: For a look at how CoPilot stacks up against other EAs we have covered, see our post on Top 5 MetaTrader Robots for 2024.

Dual-Layer Strategy Engine Explained

1. Anchor Trades

• Goal: Catch larger directional moves.
• Lot Size: Conservative, often 0.1 %–0.5 % risk per trade.
• Typical Holding Time: Hours to days.

2. Scalp Trades

• Goal: Capture quick bursts of price action.
• Lot Size: Smaller initial risk, but more frequent entries.
• Spacing Filters: Dynamic to avoid clustering trades during choppy periods.

Because the layers operate with different Magic Numbers, you can pull clear analytics on each style without mixing data.

Smart Signal Fusion: 20+ Indicators Working Together

CoPilot supports an extensive list of standard and custom indicators. You can allow:

• Bollinger Bands
• Stochastic Oscillator
• RSI & MACD
• VWAP
• Fair Value Gap (FVG)
• Support & Resistance lines
• Heiken Ashi candles
• Rate of Change (ROC)
• Donchian Channel
• Williams %R
• Chaikin Money Flow (CMF)
• Coppock Curve
• Two empty slots for your own indicator files

Decision Modes:

• All Agree: Every selected indicator must point the same way.
• Majority: Over 50 % of the chosen tools agree.
• At Least Two: Minimum of two positive votes.
• Any Single: One match is enough—best for high-frequency styles.

Example configuration in the EA’s settings panel:

SignalMode      = Majority
IndicatorsUsed  = Bollinger_Bands, RSI, VWAP, FVG
TimeFrameFilter = M15

External Resource: For more on the math behind indicator voting, see the article by Darwinex Labs on Combining Signals with Confidence.

Risk Management That Puts Safety First

A strong edge means little without capital protection. CoPilot layers several safety nets:

1. Floating Loss Guard
   • Define a maximum floating drawdown for Scalp, Anchor, or both.
2. Scalp Loss Protection
   • Auto-stop trading if a single scalp cycle closes in the red.
3. Partial Close Framework
   • Close 25 %, 33 %, 50 %, 66 %, or 75 % of a position at a defined profit or loss marker.
4. Breakeven & Secure Profit Trailing
   • Move stop-loss to entry automatically, then trail based on ATR or a fixed pip distance.
5. Swap Avoidance Logic
   • Pause new entries near swap rollover times, handy for long-term Anchor positions.
6. Time Window Filter & Winter Break
   • Turn off trading outside your preferred hours and during low-liquidity holiday weeks.

Entry Filters for Precise Timing

Even when a signal passes the indicator vote, filters add an extra layer:

• EMA Direction & Slope: Enter only if price aligns with the EMA flow.
• Candle Body Size: Avoid signals from unusually large or small candles.
• Volume Spike Ratio: Confirm that the current bar’s volume justifies the move.
• Signal Delay (Cooldown): Prevent back-to-back entries.
• Spread Guard: Skip trades when spreads widen sharply, common during news.
• Support-Resistance Block Mode: Block buys below key resistance or sells above support within a set tolerance.

Dynamic Lot Sizing & Progression

You can keep risk static or allow size adjustments:

1. Fixed Lots – Simple and steady.
2. Martingale – Increase after a loss.
3. Fibonacci – Follow the well-known sequence for smoother growth.
4. Sum – Add a fixed amount every step.

Both Anchor and Scalp layers have separate maximum caps, making sure the aggressive settings in one layer do not spill into the other.

Full On-Chart Control

CoPilot’s control panel sits in a corner of your chart:

You also get:

• Profit Panel – Displays P/L for today, yesterday, month, and total, plus win rate.
• Trade Panel – Shows open positions, lots, floating P/L, and Magic Numbers.
• Signal Diagnostics Overlay – See real-time votes per indicator.
• Overall Signal Label – Quick “BUY” or “SELL” prompt.
• Support-Resistance Lines – Toggle visual zones on or off as needed.

Plug-and-Play Custom Indicator Slots

Advanced users can link two custom indicators via buffer values.

Options include:

• Value Mode – Use raw values (e.g., > 50, < 20).
• Cross Mode – Detect crosses above or below a level.
• Price Mode – Compare price to the buffer value.

Closed-bar confirmation is available to help filter false spikes.

Quick Setup Guide

1. Download & Install
   • Place ShaunsCoPilotEA.ex4 or ex5 in your Experts folder.
2. Attach to Chart
   • Recommended: 15-minute or 1-hour timeframe.
3. Set Risk Preferences
   • For beginners, start with Fixed Lots and a small size.
4. Choose Indicators
   • Tick 3–5 indicators that complement your style.
5. Define Trade Windows
   • Common: London 07:00–16:00 and New York 13:00–20:00.
6. Enable AutoTrading
   • Turn the MetaTrader traffic light to green.

Internal Link: If you need help with MetaTrader permissions, read our guide on How to Allow DLL Imports Safely.

Real-World Performance

Below is a snapshot for the EUR/USD pair during Q2:

Independent third-party verification is available on the Darwinex Zero profile.

License Information & Pricing

• Standard License: $180 (one live + one demo)
• Upcoming Price: $210 after the next 10 sales
• Updates: Free for the lifetime of major version 1.x
• Support: Email and Discord community chat

Note: Only 10 licenses remain at the current price, according to the official vendor statement.

Frequently Asked Questions

Q1: Does Shauns CoPilot EA work on MT5?Yes, the package comes with both .ex4 and .ex5 files.

Q2: Can I run it on a VPS?A VPS is recommended for 24/5 uptime. Most basic plans are sufficient.

Q3: What is the minimum account size?For micro lot trading, $500 works; for standard lots, consider $3,000+.

Q4: Does it pass prop-firm rules?Many users report successful FTMO and MyForexFunds challenges, but results vary by risk plan.

Q5: How often are updates released?Minor patches drop monthly; larger feature updates arrive each quarter.

Final Thoughts

Shauns CoPilot EA delivers a flexible dual-layer system, thorough risk controls, and broad indicator support, making it a solid choice for traders who want structure without giving up customization. Whether you rely on Anchor trades for swing entries or use the Scalp layer for quick sessions, the EA keeps data separated and risk transparent.

Have a question about Shauns CoPilot EA? Drop a comment below, or join our newsletter for weekly trading insights.

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