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Brave man EA is an MT4 expert advisor that uses a martingale-style averaging method with built-in risk control. It offers a manual order switch, a profit target setting and magic numbers for running several symbols.
Get one message the moment it launches, with its price.
Brave man EA is an automated trading tool for MetaTrader 4. It follows a martingale-style approach, in which additional positions are added as price moves against an open trade, but it includes risk control that is meant to keep exposure lower than in a pure martingale system.
The EA opens a position and, if the market moves the wrong way, adds further positions according to its internal rules. The built-in risk control limits how far this process can go. A profit target, set in points, determines when the group of trades is closed. The developer describes the logic as the result of reviewing about ten years of historical data and revising the rules several times. That is a description of the development process, not evidence of future behaviour.
Averaging strategies can produce many small wins followed by a large loss when a trend does not reverse. Understand this trade-off before you attach the EA to a live account.
The tool is intended for forex symbols on MT4. The developer does not list a required timeframe, so check the product page and test on a demo account to see how it behaves on your chosen symbol and chart period. The developer says it can run on several currencies at once, as long as each chart uses its own buy and sell magic numbers.
The developer suggests using the default values without changes. The main inputs are listed below; open the inputs tab after attaching the EA to see the exact names and defaults in your copy.
| Setting | Purpose |
|---|---|
| control | Switch for order handling. One option stops new orders while existing trades continue to be managed. |
| Profit target (Reap profit) | Profit distance in points at which trades are closed. |
| buymagic | Magic number for buy orders. Use a different value for each symbol. |
| sellmagic | Magic number for sell orders. Use a different value for each symbol. |
Close the EA, or switch off new orders, before major news releases, when spreads widen and price can move sharply. If you have open trades, use the control setting rather than removing the EA from the chart.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account before using real money.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) only |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Martingale-style averaging with built-in risk control |
| Markets | Forex pairs; developer allows several symbols with separate magic numbers |
| Timeframes | Not specified; check the developer's guidance and test before use |
| Suggested broker | ECN account with low spread and commission; FIFO or non-FIFO |
| Suggested leverage | 1:400, as recommended by the developer |
| Suggested deposit | Developer suggests US$5000 as a minimum |
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No. It is built for MetaTrader 4 and will not run on MT5. Make sure your broker offers an MT4 account before you buy.
The developer says the default values are intended to be used as they are. You can still adjust the profit target and the order switch. Test any change on a demo account first.
The developer recommends an ECN account with low spread and commission, leverage around 1:400, and says FIFO and non-FIFO accounts are both acceptable. Check your broker's conditions and the deposit you can afford before going live.
Yes. Attach it to each chart and give each one different buy and sell magic numbers, so the orders of one symbol are not mixed up with another.
The developer advises closing the EA when major news is about to be released. If you have open trades, set the control parameter to the option that stops new orders instead of removing the EA, so existing trades are still managed.
The developer suggests US$5000. This is a recommendation for coping with drawdown, not a promise of any outcome. Check the lot size and your own risk tolerance on a demo account first.
Brave man EA
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