Euro4 Day Trader
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Euro4 Day Trader — A simple, rule-based Expert Advisor for MetaTrader 5, designed for EURUSD on the 4-hour chart.
What It Is
Euro4 Day Trader is a straightforward automated strategy that uses only built-in MT5 indicators: Bill Williams Fractals and the Stochastic Oscillator, with an optional Moving Average filter for trend alignment. There are no custom indicators, no black boxes, and no get-rich-quick claims—just clear entry and exit rules that you can understand and adjust.
How It Works
- Entries: The EA looks for a confirmed High or Low fractal together with Stochastic in overbought (≥80) or oversold (≤20). An optional MA filter can restrict trades to "buy above / sell below" or "sell above / buy below" the moving average.
- Exits: Positions are closed when Stochastic returns to the 50 level, and only if the trade is in net profit (including swap). Losing trades are left open until that condition is met or you manage them yourself.
- Risk: You can size by a percentage of balance (risk per trade) or use a fixed lot size. An optional ATR-based stop loss is available.
The logic is intentionally simple: fewer rules, fewer parameters, and behaviour that is easy to follow on the chart.
Backtest Results (What We Actually Tested)
All tests were run on EURUSD H4 from 1 January 2024 to 10 February 2026 (about 25 months), with $10,000 initial deposit and 99% modelling quality. The same strategy produced 35 closed trades in each run; only risk per trade (and thus lot size) changed.
| Setting | Net profit (USD) | Max equity drawdown | Profit factor | Win rate (closed trades) |
|---|---|---|---|---|
| 0.5% risk | ~248 | ~0.8% | ~54 | ~71% |
| 1% risk (default) | ~555 | ~1.8% | ~54 | ~71% |
| 2% risk | ~1,156 | ~3.6% | ~53 | ~71% |
- Balance drawdown in these tests was very low (e.g. 0.01–0.03% maximal balance drawdown) because losses were small relative to equity; the EA often closed only when in profit.
- Profit factor was high in backtest because total gross loss was small (e.g. about $10–22 in gross loss over the period, depending on risk). That does not guarantee the same in live trading.
- Recovery factor in the same tests was around 2.9–3.0, and Sharpe ratio around 2.4.
These numbers are from strategy tester backtests only. They are not live or forward results. Past performance does not guarantee future results; markets change, and real execution (slippage, spread, requotes) can differ from backtest.
Realistic Expectations
- Stable, not spectacular: The EA aims for steady, low-frequency trading (about 1–2 trades per month in these tests) with controlled risk and small typical losses when they occur.
- Best used on EURUSD H4: It was developed and tested on this symbol and timeframe. Other symbols or timeframes may behave differently and would need their own testing.
- Backtest ≠ future: Good backtest results do not guarantee profits. You should test in the Strategy Tester yourself and, if you use it live, start with minimal risk (e.g. 0.5% or fixed micro lots) and only on a demo or small live account until you are comfortable with its behaviour.
- No guarantees: Trading involves risk of loss. This EA does not promise income or capital preservation.
Who It's For
- Traders who want a simple, transparent system based on fractals and Stochastic.
- Those who prefer fewer trades and are happy to let the EA run on H4 without constant monitoring.
- Users who are willing to test and tune risk and filters (MA on/off, mode, period) for their own broker and goals.
Summary
Euro4 Day Trader is a simple fractal–Stochastic EA for EURUSD H4, with optional MA filter and profit-only exit at Stochastic 50. Backtests over about two years showed stable, low-drawdown behaviour and a high profit factor in testing, but results are from simulation only. If you want a no-nonsense, easy-to-understand EA and are prepared to verify everything in the Strategy Tester and trade with realistic expectations, this may be a good fit.
