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EA Makoto is an MT4 expert advisor that follows trends using RSI, ATR and Stochastic readings, and can add grid and averaging orders. One chart controls trading across a selectable list of currency pairs.
Get one message the moment it launches, with its price.
EA Makoto is an expert advisor for MetaTrader 4 that trades in the direction of the prevailing trend, using the Relative Strength Index, Average True Range and the Stochastic oscillator to decide when to enter. It can add to a losing sequence with a grid and averaging, limited to six orders, and it manages open trades with stop loss, take profit, breakeven and trailing stop.
The entry logic combines several readings of the three indicators. RSI and Stochastic describe momentum and whether price has moved too far, while ATR measures current volatility so that distances adapt to market conditions. When the readings agree on a direction, the EA opens a position.
If price moves against a position, the EA may open further orders at set distances and average the entry price. The sequence is capped at six orders. Grid and averaging methods can produce a series of small wins followed by a large loss, so you should understand how the exposure grows before using it on a live account.
The main timeframe is H1, with M15 and M30 used as additional timeframes. The EA supports 26 forex pairs, including EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD, EURGBP, EURJPY and a range of GBP, AUD, NZD, CAD and CHF crosses. Each pair has its own on/off input. Attach the EA to one chart only; it trades every enabled pair from there.
The inputs are grouped around pairs, money management, filters and trading hours. Check the defaults in your own terminal before going live, because they may not suit your account.
| Setting | Purpose |
|---|---|
| Pair switches | Enable or disable each supported symbol. |
| Magic_Start / Magic_Finish | Range of IDs used to tag the EA's trades. |
| Symbols prefix and suffix | Needed only if your broker adds text to symbol names. |
| Custom_Risk and related lot inputs | Scale lot size with balance, or use a fixed lot instead. |
| Use_Risk_StopLoss, Percentage Risk | Size positions from a risk percentage tied to the stop loss. |
| Max Spread, Stop strategy trend | Pause trend trading when spreads are too wide. |
| Weekday switches | Allow or block trading on each day, Monday to Friday. |
| Use time, GMT_mode, start and end | Limit trading to a daily window using your broker's GMT offset. |
| Disable_in_Friday | Stop trading earlier on Fridays. |
| Show_Info_Panel | Show on-chart information; turning it off speeds up tests. |
Trading carries risk, and you can lose some or all of your deposit. Grid and averaging strategies can build large positions during a sustained move against the trade. Past results, including backtests, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
The EA does not need full tick history. For a fast check, choose M1 OHLC or open prices only in the Strategy Tester. Switching off the info panel makes tests run faster. Treat the output as an approximation only.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (a separate MT5 edition exists) |
| Strategy focus | Trend, Grid, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy | Trend following with grid and averaging, momentum filters |
| Markets | 26 forex pairs, each switched on or off in the inputs |
| Timeframes | H1 main, M15 and M30 additional |
| Broker quotes | Five-digit and three-digit pricing |
| Hosting | Standard VPS for continuous running; not MQL5 VPS |
| Chart setup | Attach to one chart only |
No reviews yet. Customers who own EA Makoto MT4 can review it here.
No. Attach it to a single chart, on any of the supported pairs. The EA places trades on all the pairs you have enabled in its inputs from that one chart. Attaching it to several charts is not the intended setup and could lead to duplicate or conflicting orders.
This listing is for the MT4 build only, so it will not load in MT5. The author publishes a separate MT5 edition. Make sure you buy the one that matches the platform your broker account runs on.
The author states that the EA does not work on the MQL5 VPS service. If you want it running around the clock, use a standard Windows or Linux VPS where you can install a full MT4 terminal.
The author suggests a balance of about 1000 USD, or 10 USD on a cent account, when using the recommended pairs and timeframes. Treat that as a starting point and check it against your own risk tolerance. The broker should quote prices with five digits (three for JPY pairs). If your symbols carry a prefix or suffix, enter it in the symbol name settings.
The EA does not need every tick in the history. For a quick test, use the M1 OHLC simulation or the open prices only method in the Strategy Tester. Keep in mind that a backtest is only an approximation and that past results do not predict future ones.
Yes. You can switch individual weekdays on or off, set a daily start and end time with a GMT offset for your broker server, and set an earlier stop time on Fridays. A maximum spread input can also pause trend trading when spreads widen.
EA Makoto MT4
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