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Proven EA for MT4

Have you heard about Machine Learning, Chat GPT, Neural Networks and Artificial Intelligence?

Well, Proven EA has none of it. It is also NOT based on Moon Phases and Stars positioning.


"Proven EA" is a 100% adaptive expert advisor based on old, well known and proven principles.

Trend is your Friend. Cut losses quick and let the gains grow. No Gambling.

It detects the trend on a higher timeframe, waits for a pullback / retrace on a lower timeframe and places a trade in direction of trend with a tight SL and a bigger TP based on current SnR levels.

Only one trade at a time. No Grid. No Martingale.

Every trade has Stop Loss and Take Profit from very beginning, and they do not change. Optional Break-Even and Trailing Stop functions.

This is for those, who are looking for stressfree and stable growth over the long run.


"Proven EA" for MetaTrader5 is here: https://www.mql5.com/en/market/product/95308



WARNING: I sell all my products only via MQL5 website. If you see it somewhere else, be aware of scam.


Take advantage of the current launch promo price. I will gradually increase the EA price over time.


Recommended Pairs

My favourite is EURUSD. You can also try other pairs.


Broker and Leverage

"Proven EA" is not broker sensitive, you may chose any broker you trust to. The less the spread is, the better.

Recommended leverage is 1:100. 1:30 is also OK.


Time Frame

Time Frame of the chart for real live execution does not matter. But, make sure that you have all timeframes data available in history center (F2).

For BACKTESTING IN MT4 the timeframe must be M1. You also should load all available timeframes in MT4. It is important to start your backtest 1 year in advance, because the EA needs to have some history for SnR levels detection.

In MT5 any timeframe for backtesting will work.


Settings

Base Lot, per every 1000 of Balance- sets the lot. It is calculated as BaseLot*(Balance/1000). So, if you have an Account with 2000USD and Base lot is 0.05, your traded lot will be 0.05*(2000/1000) = 0.1

Spread Filter- allows avoiding trades in high volatility times when broker increases the spread

Magic Number- unique EA identifier. Should be set different in case when multiple instances of EA are used on the same currency pair.


VPS

"Proven EA" can work on both VPS solution from MQL5 and regular VPS with desktop access.


What to Expect

2-4 trades per week, depending on the current market volatility.

No get rich quick solution.

There will be some losing trades among the wins, but losses always will be smaller than gains.

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Versão 1.2 2023.05.27
# Changed Money Management / Lot Selection options. Now you can control risk per trade in money, or % of Account. Fixed lot also is available.
# Added 2 Time Filters