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Orca EA MT4

Orca EA ΜΤ4 is a fully automated Expert Advisor. Its advanced price action based algorithm is trying to predict next candle's direction and opens (or not) the appropriate trade. It has a unique number of settings that make it extremely versatile in all market conditions. This EA comes with a default EURUSD D1 strategy, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to test Orca EA MT4 and make any necessary time adjustments to fit your broker/account.

ATTENTION! Before you test or trade you will need to change Orca EA's MT4 default Max Spread setting from 100 to 30. The 100 spread setting was necessary in order the EA to pass the MQL5 Market validation test.

Product Installation  |  Update of a Purchased Product


Performance

Orca EA's MT4 default settings* are a ready to trade strategy for EURUSD on D1 timeframe. Here is the: 2019-2021 MT5 100% quality backtest

REMEMBER! Before you test or trade you will need to change Orca EA's MT4 default Max Spread setting from 100 to 30. The 100 spread setting was necessary in order the EA to pass the MQL5 Market validation test.


Features

  • Martingale, Grid, Averaging or other dangerous techniques are not used
  • Advanced price action based algorithm for predicting next candle's direction
  • Ready to trade EURUSD D1 strategy with default settings*
  • Hard and Virtual Take Profit and Stop Loss levels
  • Time and day settings for maximum flexibility
  • 100% automated Expert Advisor
  • MQL5 VPS compatible


How to use Orca EA MT4?

You should attach Orca EA ΜΤ4 to a chart of your desired currency pair (default settings are for trading EURUSD on daily timeframe only) in the MT4 terminal, change the default Max Spread setting from 100 to 30 and click the Auto Trading button. If you use MQL5 VPS, you need to synchronize with your MQL5 VPS in order to migrate your trading environment onto the virtual server (right click on the MQL5 VPS in the Navigator window >> Synchronize experts, indicators).


Settings

This is the default Orca EA's MT4 set file with the correct Max Spread setting of 30, you will need to load this set file, before you test or trade Orca EA MT4: click here


Orca EA MT4 Inputs


* Orca EA's MT4 default settings require an ECN account with low spreads and 2019-201 MT5 100% quality backtest results are based on an ICMarkets Raw Spread 1:500 leverage account.



Orca EA MT4 comes with a default EURUSD D1 strategy, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers).

Other brokers or account types may be used, but you may need to test Orca EA MT4 and make any necessary time adjustments to fit your broker/account.

You can find that server time in your MT4 Marketwatch window (MT4 >> View >> Marketwatch).

Below is a list of the adjustments that need to be made, according to you broker's server time.

WARNING: You must adjust Orca EA's MT4 Start Time and End Time settings accordingly, before you test or trade with it!


Server Time Start Time End Time
GMT-12
09:00 08:59
GMT-11
10:00 09:59
GMT-10
11:00 10:59
GMT-9
12:00 11:59
GMT-8
13:00 12:59
GMT-7
14:00 13:59
GMT-6
15:00 14:59
GMT-5
16:00 15:59
GMT-4
17:00 16:59
GMT-3
 18:00  17:59
GMT-2
 19:00   18:59 
GMT-1 20:00 19:59
GMT+0 21:00 20:59
GMT+1
22:00 21:59
GMT+2
23:00 22:59
GMT+3
00:00 23:59
GMT+4
01:00 00:59
GMT+5
02:00 01:59
GMT+6
03:00 02:59
GMT+7
04:00 03:59
GMT+8
05:00 04:59
GMT+9
06:00 05:59
GMT+10
07:00 06:59
GMT+11
08:00 07:59
GMT+12
09:00 08:59


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Filter:
Neeraj Mittal
79
Neeraj Mittal 2021.02.03 15:32 
 

Worst EA, not take the trades even with most simple configurations and not shows the arrows on the chart when take the trade, in several hrs on 1hTF chart took 1 trade in one day and smaller timeframe loose the trades due to whipso. Anyway more options are available in same price or even free, i will try them.

Juvenille Emperor Limited
16548
Reply from developer Eleni Anna Branou 2021.02.04 00:48
Why did you leave a bad review without contacting me about your settings and configurations? I am happy to help you. You've bought my EA only yesterday and Its not nice at all to leave a bad review without having checked the EA in all its aspects and possibilities. I suggested you to read the inputs file carefully, in order to understand how this EA works. Have you done that? My EA has default settings for EURUSD and you are trading with these settings on Gold, how do you expect to open any trades? I also told you that you are using an offset setting of 50 and that means that the EA will wait for a 50 points retracement in price, upon a valid signal, before it opens the trade. Have you changed that setting? You've sent me a message yesterday, I was available to help you with your setup and 1 day later you left a bad review, I am speechless. Usually buyers chasing sellers for help but here was the other way around, I was trying to help you and you weren't answering my messages, this is outrageous behaviour!
Reply to review
Version 1.10 2021.04.05
Improved default settings for EURUSD D1 strategy.