KiwiKangaroo

KiwiKangaroo EA (MT4) - Session Range Expert Advisor for AUDNZD

Overview

KiwiKangaroo EA is a fully automated Expert Advisor built around a session range logic. The EA builds a price zone during the defined session, then places pending orders on the range extremes to capture mean-reversion or breakout behavior depending on market context.

The goal is to provide a structured, repeatable, and adaptable approach across different market conditions, with clear risk management, time filtering, weekday filtering, and spread control.

KiwiKangaroo EA is NOT a grid system and NOT a martingale. It is designed for clean execution, a simple trading logic, and a disciplined automated trading approach.

Trading Logic - The Range as the Main Reference

• The EA analyzes the session defined by the entry and exit times.
• It identifies the highest and lowest price of the range-building period.
• Pending orders are placed at the range boundaries to exploit the natural behavior of price around those levels.
• The system remains simple, readable, and fully configurable.

Strategy Presets

• Basic: simple and direct baseline strategy with spread filtering.
• Prudent: more conservative version with stronger protections.
• Balanced: a compromise between frequency, protection, and profit potential.
• Aggressive: more dynamic version, with larger lot size and a tighter basket target to pursue higher performance.

Market Filters

Spread Filter

• The Spread Max parameter blocks any entry when spread is too high.
• This filter helps avoid degraded entries and improves execution quality.

Time Filter

• Two main times control the EA behavior: Order Open Hour and Close Hour Next Day.
• The EA builds its range during the defined window and closes positions at the planned exit time.

Weekday Filter

• The EA can enable or disable each day of the week individually.
• This filter allows you to exclude days that are considered less attractive or more risky.

Risk Management and Position Sizing

Fixed Lot or Auto Lot

• The Use Fixed Lots mode allows a fixed lot size.
• The automatic mode uses Lots Per 100 Balance to adapt volume to account size.
• The automatic calculation was designed to remain more gradual as the balance grows.

Stop Loss

• The Stop Loss Distance in Pips is fully configurable.
• The EA includes the necessary checks to respect broker constraints and avoid order send errors.

Volume and Margin Control

• Volume is checked before every order placement.
• Available margin is checked to avoid rejections caused by insufficient capital.

Chart Display

Optional Dashboard

• Visual information panel showing the EA status in real time.
• Displays the key elements: robot state, trading hours, trade count, win rate, profits, average win / average loss, uptime, balance, and equity.
• Readable, modern interface integrated with the chart theme.

Profit Tags on Chart

• Optional display of profits directly on the chart using visual tags.
• Allows quick identification of positive and negative trade closures.

Daily Range Band

• Optional band showing the daily range.
• A practical visual tool to follow market structure at a glance.

Key Product Information

• Platform: MetaTrader 4
• Main Symbol: AUDNZD
• Recommended Timeframe: M1 or M5
• Type: Fully automated Expert Advisor
• Logic: session range + pending orders
• Style: clean, structured, configurable, and control-oriented

Main Settings

• Trading Strategy: strategy preset selector
• Order Open Hour: order placement hour
• Close Hour Next Day: closing hour
• Spread Max: maximum allowed spread
• Allow Monday to Sunday: weekday filtering
• Use Fixed Lots: fixed lot or automatic lot
• Fixed Lot Size: fixed lot size
• Lots Per 100 Balance: automatic lot sizing control
• Stop Loss Distance in Pips: stop loss distance
• Aggressive Lot Multiplier: aggressive lot multiplier
• Aggressive Basket Target: aggressive basket target
• Show Dashboard: panel display
• Show Profit Tags on Chart: profit tags display
• Show Daily Range Band: daily range band display
• Custom Order Comment: comment visible in order history
• Magic Number: unique order identifier

Why KiwiKangaroo EA Stands Out

• A clear and easy-to-understand logic.
• Readable parameters separated by categories.
• Real work on visual ergonomics and presentation.
• Advanced options without adding artificial grid or martingale mechanics.
• An approach focused on discipline, structure, and market condition management.

Important Notes

• Results depend on broker execution conditions: spread, slippage, liquidity, and data quality.
• No system can guarantee consistent profits.
• It is recommended to test the EA on demo and forward test it before any live use.