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Black Wolf MT4 is a trend-following expert advisor that opens buy or sell cycles based on a built-in trend indicator. It can add positions in a series, so lot sizing and drawdown limits need careful testing.
Get one message the moment it launches, with its price.
Black Wolf MT4 is an expert advisor that trades with the trend. It reads a built-in trend indicator, opens a buy or sell cycle in the direction of that trend, and manages the trades using stop loss, take profit, trailing and optional position-averaging rules.
The expert waits for its internal indicator to signal a direction. When a signal appears inside the allowed trading hours and the spread is acceptable, it opens a position. If a new signal in the opposite direction arrives, it can close the existing positions, depending on how you set the close-from-opposite option.
The expert can also build a series of positions in one direction. It places further orders at a set distance and can scale their lot size with a multiplier. A partial-close function is meant to reduce drawdown once the series reaches a chosen order number. Positions added against the market increase exposure, so treat these options with caution.
The developer suggests the M15 timeframe and these pairs: EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD and CADJPY. Spread and swap differ between brokers, so check how your own account behaves on each symbol before you rely on it.
The developer recommends starting with the default values. The main inputs are:
| Setting | Purpose |
|---|---|
| Lot type | Constant lot, risk-based lot, or constant size per 1000 of balance |
| Lot size | Size used by the chosen lot type |
| Trade Buy / Trade Sell | Allow or block each direction |
| Max spread | Highest spread at which positions are opened or closed |
| Close from opposite | Close positions when a new opposite signal appears |
| Stop Loss / Take Profit | Exit distances in pips |
| Trailing Stop / Trailing Step | Trailing distance and step in pips |
| Max positions | Maximum open positions per direction |
| Distance | Gap between positions in a series |
| Lot multiplier | Lot scaling for following orders |
| Close partial after order # | Order number at which drawdown reduction starts |
| Percentage to close | Minimum profit, as a percentage of balance, to close |
| Start hour / End hour | Time window for searching signals |
Default values for each input are not listed here, so open the input tab after attaching the expert and read them before you trade.
Trading carries risk and past results do not predict future ones. Using a lot multiplier and several positions per direction can lead to large drawdowns in a strong counter-trend move. Test on a demo account, keep position limits low at first and only trade money you can afford to lose.
For continuous operation, many traders run the terminal on a VPS. Check your broker's rules on stop levels, hedging and minimum lot size before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Trend following, with optional multiple positions per direction |
| Suggested pairs | EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD, CADJPY |
| Suggested timeframe | M15 |
| Suggested deposit | Around 1000 USD or 1000 cents; confirm with your broker |
| Requirements | Algo trading enabled; VPS recommended for continuous running |
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No. This listing is for MetaTrader 4 only. An MT4 expert advisor cannot be loaded into MetaTrader 5, so check that your terminal is MT4 before buying.
The developer suggests EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD and CADJPY on the M15 chart. Other symbols are possible, but you should test them yourself on a demo account first.
The developer suggests about 1000 USD or 1000 cents as a reference. The right amount depends on your broker, lot mode and how many positions you allow, so run a demo test and check the drawdown before going live.
The developer recommends the default settings as a starting point. Review the lot type, maximum positions, lot multiplier and spread limit before trading, because these have the biggest effect on risk.
Copy the .ex4 file into the MQL4/Experts folder through File, Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the expert onto an M15 chart with algo trading turned on.
It should run on most MT4 brokers, but spreads, execution speed and stop levels vary. Use the max spread setting and test on a demo account from the same broker you plan to use.
Black Wolf MT4
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