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MutantFx Lite MT4

MutantFx Lite MT4 is multi-currency Expert Advisor that is almost the same as MutantFx Lite with some minor difference.

MutantFx Lite MT4 Expert Advisor trades on 4 currency pairs (EURUSD, GBPUSD, USDCHF and USDJPY) that can be selected in the parameters with time frame H1. It is based on MACD to trigger the BUY or SELL signals. Open positions are closed by Take Profit, Stop Loss or according to opposite signals. In addition, there is the Break Even option. The money management is based on free margin.

You can perform optimization regularly for each symbol alternately (i.e set true symbol that want to optimize and set false the others).

To use this EA you should attach it on one chart only with time frame H1.

If you want to trade more currency pairs, please use full version of it: MutantFx Max MT4

Since MetaTrader 4 strategy tester does not allow users to perform multicurrency tests, then the test result do not perform properly (only one symbol can be tested). You can perform backtest in the strategy tester using MetaTrader 5 version of MutantFx Lite.

Input Parameters


  • Expert Name - name of this EA
  • Expert Version - version of this EA
  • Expert Developer - developer name
  • Expert Setup - explanation to attach this EA on a chart


  • Slippage in pips - slippage or deviation
  • Magic Number - magic number


  • Money management (true or false) - use auto lots calculation
  • Risk in percentage terms - risk based on account balance to calculate lots
  • Volume in lots if money management false - fix lots if money management is set to false
  • Target profit in percentage money, if 0 not used - if this target reached, the EA will close position
  • Target loss in percentage money, if 0 not used - if this target reached, the EA will close position
  • Restart trade if one of Target is reached (true or false) - if set to true, the EA will restart a trade after the target profit is reached


  • Symbol-1 .. Symbol-4 - selectable currency pairs
  • Trade-1 .. Trade-4 - enabling/disabling trading for the selected symbols
  • Fast EMA-1 .. Fast EMA-4 - fast EMA of MACD
  • Slow EMA-1 .. Slow EMA-4 - slow EMA of MACD
  • Auto TP-1 .. Auto TP-4 - auto TP calculation (true or false)
  • Standard Deviation-1 .. Standard Deviation-4 - standard deviation to calculate TP
  • Auto SL-1 .. Auto SL-4 - auto SL (true or false)
  • ATR period-1 .. ATR period-4 - ATR period to calculate SL
  • Takeprofit-1 .. Takeprofit-4 - take profit in pips if Auto TP false
  • Stop Loss-1 .. Stop Loss-4 - stop loss in pips if Auto SL false
  • Use BreakEven-1 .. Use BreakEven-4 - use break even (true or false)
  • BreakEven-1 .. BreakEven-4 - break even value in pips
  • Close by opposite signal-1 .. Close by opposite signal-4 - if true, trade will be closed if reverse signal appear
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Version 15.12 - 2018.02.22
- Fixed Break Trading function
- Added Check SL/TP
- Added auto load Symbol on Market Watch
Version 15.11 - 2018.02.07
Improved display panel
Version 15.1 - 2017.10.25
Fixed Initial Balance (hide it from input parameter, by default initial balance using Account Balance