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EA Innovative PRO is an MT4 expert advisor that places pending orders at a volatility-based distance from price and manages trades with stop loss, breakeven and trailing stop. Defaults are tuned for EURUSD on M15.
Get one message the moment it launches, with its price.
EA Innovative PRO is a fully automated expert advisor for MetaTrader 4. It places pending orders at a distance from the current price that adapts to market volatility, and it manages open trades with a stop loss, an optional breakeven move and an optional trailing stop.
The expert follows price movement and places pending orders rather than entering at market. The distance between price and each pending order is set by a volatility step and a dynamic order step, so the placement changes as conditions change. The author describes the logic as a combination of three adaptive algorithms that filter out minor noise and pick the entry approach that fits current conditions. The exact rules are not published, so judge the behaviour from your own tests.
This store lists the product under the grid tag. The author describes it as using pending orders with a stop loss on each trade, so it is worth watching in the Strategy Tester to see how many orders and positions can be open at the same time.
The default inputs are optimised for EURUSD on the M15 chart and the EA expects five-digit quotes. Other symbols or timeframes may need their own testing and parameter changes. The author recommends a broker with tight spreads, low commission, good execution and a low maximum stop level, usually a Pro or ECN account with market execution.
Check the input tab after loading the EA, since the default values are the best guide to the intended use. The main inputs are:
| Input | Purpose |
|---|---|
| Order Type | Trade direction |
| Use_Risk_MM / Percentage_Risk | Balance-based lot sizing and the risk percentage |
| Lot | Fixed lot when risk-based sizing is off |
| Step_Factor / Step_Order_Stop | Volatility step and distance of pending orders from price |
| Max_Spread / Slippage | Spread and slippage limits |
| Take_Profit / Stop_Loss | Exit levels in points |
| Use_Smart_StopLoss / Smart_StopLoss | Adaptive stop loss |
| Use_Break_Even and related inputs | Breakeven target and jump |
| Use_Trailing / Trailing_Stop / Trailing_Step | Trailing stop behaviour |
| Trading time and Limiter time | Daily hours, Monday start and Friday stop, server or PC time |
| Magic / Show_Info | Order identifier and information panel |
Trading carries risk and you can lose part or all of your deposit. Past results, including backtests, do not predict future ones. Test on a demo account first and use only a lot size you can afford.
Backtest quality depends on the tick data and on the spread, commission and slippage you model. Real execution can differ, so compare demo results with the tester before going live. A VPS with low latency to your broker is recommended.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Pending orders with adaptive distance; listed under grid in this store |
| Default pair and timeframe | EURUSD, M15 |
| Position sizing | Fixed lot or percentage risk based on balance |
| Trade management | Stop loss, take profit, breakeven, trailing stop |
| Account notes | Low spread, ECN or market execution accounts suit it best |
| Requirements | Five-digit quotes, algo trading enabled, VPS advised |
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No. This product is built for MetaTrader 4 only. It will not load in MetaTrader 5, so check that your broker offers MT4 before you buy.
Extract the downloaded archive, then in MT4 choose File, Open Data Folder, and copy the expert file into MQL4/Experts. Restart MT4 or refresh the Navigator, drag the EA onto a chart, and enable Algo Trading in the toolbar and in the EA properties.
The default inputs are tuned for EURUSD on the M15 chart. You can try other symbols, but you would need to test and adjust the settings yourself, because the defaults may not suit them.
It is listed under the grid tag here, but the author describes it as working with pending orders only and with a stop loss on every trade. Run it in the Strategy Tester and on a demo account to see how many orders are open at once and how lot sizes behave before using real money.
The author recommends low spreads, low commission and good execution, typically an ECN or market-execution account with five-digit quotes and a low stop level. Check your broker's spread, stop level and execution speed against these points.
The minimum balance depends on your broker, the lot size and the stop loss you choose. Test with the smallest lot on a demo account first and check the drawdown it produces before deciding on a deposit.
EA Innovative PRO
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