[ This article is no more applicable, it was a offer to download the EA free but now it is ready for commercial release.]
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This article contains the following sections:
1. How you can do back test in MT4
2. How this EA works
3. Overview of the EA settings/ Input variables
4. Portfolio/Set Files
5. Optimization advice
6. FTMO or Prop Trading
7. License Key for Trial version (FREE)
How you can do back test in MT4:
At first download necessary data (MT4> Tools > History center > EURUSD 5 Minute and 1 Minute); also download set files. In Strategy tester, balance should be 5000$, select Symbol = EURUSD, Model = “Open prices only”, test duration for 2023-01-01 to 2025-05-15, Period = M5, Spread = 12. Load a set file for EURUSD 5M and Click Start to see the back test results. Optimize it to your broker if you want.
How this EA works:
Most of the other EA do not reveal how it works; here you can see how it works, it will grow your confidence for long term investment. This EA will not take any random trade without any strong trend.
This EA will try to detect strong trend. If all criteria fulfills based on the indicator parameter then a powerful Algorithm will analyze the trend and decide to generate signal to buy or sell.
Optimized Settings Name : optional field, Type any name for set file which is easy to understand
Risk Per Trade $ : Minimum amount = 2$ but it is recommended 10$ minimum. This EA will not increase/decrease lot size based on the profit or loss of the account. It is recommended that, after getting some profit user should update value for “Risk Per Trade $” in the input parameter.
Max Order (For Selected Symbol) : value can be 1to 5. Recommended value is 2. For Example, for EURUSD 5M, If the algorithm generate any signal then EA will take 2 trade after 5 Minutes. If the chart is 1M then EA will trade 2 trade after 1 minute of a new trade. If you want 1 trade for each signal then type 1.
TakeProfit (Multiply Of Risk) : value can be 0.30 to 10. It is Risk to Reward ratio. If the value is 3 then each trade will take profit 3 times of the risk. If the value is 0.50 then each trade will take profit half of the risk. For Example, if Risk “Per Trade $ = 100” and “TakeProfit (Multiply Of Risk) = 3” then each trade will take profit if it is 300$ and close if it losses 100$. There is 2 portfolio recommended; one is for value 3 and another portfolio with value 0.50. You can download Set files for both portfolio. Keep in mind, SL and TP might not be exact value defined by the EA, it could be a little different because of slippage.
StopLoss (ATR Multiply) : value can be 1 to 10. Based on ATR value SL will be set.
If the value is 3 then each trade Stop Loss will be 3 times of the ATR value in points. For Example, if EURUSD 5M ATR value is 0.00050 then SL will be 0.00050 x 3 = 0.00150 which means if ATR value is 50 point then SL will be 150 points.
ATR, ADX, RSI settings : Normal settings. Optimize for better performance.
Entry Start From Hour: Select trading hour to start, For example : 1
Entry End Until Hour : For example, if 22 is selected then it will open new trade until 21:59, it will not open trade after 22. But existing trade will continue.
(If Start hour = 00 and End Hour = 24 then it will trade all the time)
Max Spread in points (For new trade): for most forex pairs it is recommended 20; if spread is over this value then EA will not take any new trade. if there is any big news then spread become too high, so the EA will not take any new trade to reduce risk. For Example, For EURUSD normal spread is 10-12, so make it double 20.
Magic Number : This should be unique for each set files or pairs
Portfolio/Set Files:
The following trading portfolio is recommended. Use supplied optimized set files for each portfolio or optimize by yourself for your broker. It is recommended to use 10 or more Forex Pairs for each portfolio. You should use separate Forex account for each portfolio to diversify risk.
Very important : download EURUSD set files from below and use all the set files for 5M chart in a 5000$ DEMO account with leverage 1:500 or more for 2-3 weeks then you can understand drawdown; Then use same set files in a real account and account balance should be double of drawdown of DEMO account. Otherwise optimize yourself then use in real account.
Attached set files are based on forex broker with server time, Eastern European Time (EET). If your brokers server time is different then only update start and end time for the trading of set files. Most of the commercial Forex broker use this time.
All other set files will be available soon (weekly 1-4 trade expected by each symbol of set files)
| Portfolio | Chart | risk : reward | Trade win rate | Set File download |
| Portfolio 1 | 5M chart | 1:3 | Low | Coming soon |
| Portfolio 2 | 5M chart | 2:1 | High | Coming soon |
| Portfolio 3 | 1M chart | 1:3 | Low | Coming soon |
| Portfolio 4 | 1M chart | 2:1 | High | Coming soon |
Optimization advice:
If you want to optimize with risk:reward = 1:3 (TakeProfit (Multiply Of Risk) = 3) for 5M then it is recommended to use data for minimum 2 years, after optimization, it is advised to select those result which has total trade between 10-40 select "Profit factor" >= 3; but if total trade is >40 then "Profit factor" >= 2. Optimize for several different trading hour for each pair and use all the set files together for 1 trading account.
FTMO or Prop Trading:
You have to change the following information : “EA Name or Comment” and “Magic Number”. Magic number should be unique for each set files.
License Key:
Built in License key with EA is valid until : 30 July 2025
License Key = 2025.07.30_jzaiUlguBI
If you use the EA for DEMO/REAL account for 1 or more weeks in a VPS and not profitable and want to get extended license key then contact with me to get 1-3 months extended license key for FREE. But if you want to buy unlimited version, then also contact with me.
