EagleEye Advisor

EagleEye Advisor — Confirmation-Based Automated Trading for MetaTrader 4


EagleEye Advisor is a rule-based Expert Advisor for MetaTrader 4. It was designed for traders who prefer patience and confirmation over impulsive entries. Instead of forcing trades, the EA waits for alignment across several filters — trend, momentum, volatility regime and market structure — and only then places an order with pre-defined risk management.


HOW IT WORKS

1. Trend bias — Fast (21) and Slow (55) EMA crossover defines the dominant direction

2. Momentum gating — RSI recovery/rejection levels (Buy 40 / Sell 60) must agree with the trend

3. Volatility adaptation — ATR-based stop loss and take profit expand and contract with the market

4. Regime filter — ADX checks that the market is actually trending (Min ADX 18); quiet chop is skipped

5. Structure confluence — Order Block and Fair Value Gap detection on the higher timeframe adds support/resistance awareness

6. Campaign management — optional equity campaign tracking with profit target and drawdown limits


KEY FEATURES

- Multi-filter entry logic: EMA + RSI + ATR + ADX + market structure

- ATR-based dynamic stops (default 1.8x SL / 2.4x TP) or fixed 500/700 points

- Break-even and trailing stop protection

- Spread protection — skips entries when spreads are too wide

- Margin-level and basket-drawdown guards

- Campaign profit target with optional lock-out

- Consecutive-loss cooldown

- Session hours filter

- One-trade-per-bar pacing

- No martingale, grid, or averaging


MAIN INPUT PARAMETERS (defaults, all adjustable)

- FixedLot: 0.01 | MaxBasketTrades: 5 | MaxTotalLots: 1.00

- RSI Period 14 (Buy 40 / Sell 60), FastEMA 21, SlowEMA 55

- ATR Period 14 — SL mult 1.8, TP mult 2.4

- ADX Period 14 (Min 18), Min ATR 80 pts

- Max Spread 60 pts, Min Margin Level 400%

- Max Basket Drawdown 20%, One trade per bar: true


RECOMMENDED SETUP

- Platform: MetaTrader 4 (hedging accounts)

- Timeframe: M15 or M30

- Symbols: EURUSD, GBPUSD, XAUUSD and other liquid instruments

- Start with the defaults in the Strategy Tester, then on a demo account; adapt lot size to your balance


WHAT THIS EA DOES NOT DO

- It does not trade around the clock in all conditions — it filters out low-quality setups

- It does not guarantee profit and is not a "set and forget" money machine

- Interface details may vary between builds; for version-specific questions contact the developer

RISK DISCLAIMER

Trading forex and CFDs carries significant risk of loss. Past performance does not guarantee future results. Always test the EA in the Strategy Tester and on a demo account before considering live use, and never trade with money you cannot afford to lose. This software is a tool, not financial advice.


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5 (2)
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3.67 (3)
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