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EA Morpheus is a MetaTrader 4 expert advisor that trades breakouts from a price range on major forex pairs. It has spread filters, breakeven, a trailing stop and time-window controls.
Get one message the moment it launches, with its price.
EA Morpheus is an expert advisor for MetaTrader 4 that looks for breakouts from a price range and opens trades in the direction of the move. It runs on its own once attached to a chart and includes spread controls, a stop loss, breakeven handling and an adaptive trailing stop.
The EA watches price on the chart it is attached to and waits for the market to cross the edge of a range. When that happens, and the entry passes its filters, it places a trade. The filters are meant to skip weaker breakouts, so the EA will not act on every range exit. Because the spread settings refer to pending orders, you should watch how it places orders on your own account and broker during testing.
Each trade has a stop loss and a take profit measured in points. After entry, the position can be managed with breakeven, a standard trailing stop or an adaptive trailing stop that adjusts to market conditions. There is also an option to close a position when slippage occurs.
Short holding times and tight stops mean that trading costs matter. Choose a broker with low spreads and dependable execution, and confirm that scalping-style trades are allowed on your account.
The inputs fall into a few groups. Check the default values in the EA on your own terminal, because they are not listed here.
| Group | Parameters | Purpose |
|---|---|---|
| Identification | Magic, Order Comment | Tags the EA's orders so it can tell them apart from others |
| Execution | Slippage, Max Spread, Order Type | Controls allowed slippage, spread limit and trade direction |
| Spread protection | Ticks average spread, ticks for deleting pending orders, disable trade if spread high | Averages the spread, removes pending orders and pauses trading for a set period when spread is too wide |
| Position size | Fixed_Lot, Use_Risk_MM, Percentage_Risk | Fixed lot or lot size that follows the account balance |
| Exits | Take_Profit, Stop_Loss, Breakeven targets, Trailing_Stop, Trailing_Step | Sets targets, breakeven and trailing behavior |
| Adaptive trailing | Adaptive_Trailing_to_slippages, Change_correction_coefficient, Adaptive_by_Time, Time_Scale | Adjusts trailing sensitivity to market conditions |
| Time filters | Every_Day_Start, Every_Day_End, Disable_in_Friday, GMT_mode, Time_Setting | Limits trading to chosen hours and ends trading early on Friday |
If you enable the time filter, decide whether the times follow server time or your computer time. If your broker's server clock uses a GMT offset, enter it in the GMT mode field so that the hours match what you intend.
Position sizing is your decision. Fixed lots keep exposure constant, while the balance-based option increases lot size as the account grows, which also raises the amount at risk. Test on a demo account first and use a size you can afford.
Trading carries risk, and past results do not predict future ones. Backtests and signal histories do not show how the EA will behave in live conditions. Only trade with money you can afford to lose.
Run the EA on one account only, keep the computer free of heavy programs, and consider a VPS close to your broker's server to reduce delay.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Scalping, Signals, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Breakout, short-term scalping |
| Markets | EURUSD, USDJPY, GBPUSD |
| Timeframes | M30 and H1 |
| Suggested pairs | EURUSD and USDJPY on H1 or M30 |
| Leverage | 1:100 or higher is suggested |
| Requirements | Low-spread broker; VPS suggested; scalping must be allowed |
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No. This listing is for MetaTrader 4 only. An MT4 expert advisor cannot be loaded in MT5, so make sure your broker account runs on MT4 before you buy.
The tool is designed for EURUSD, USDJPY and GBPUSD on M30 and H1 charts. EURUSD and USDJPY on H1 or M30 are the pairs most suited to it. Load one chart per pair and timeframe you want to trade, and use a different Magic number on each.
Check with your broker. Some positions may be held for less than a minute, and certain brokers restrict that. Also look for low spreads and reliable execution, because the spread filters depend on the quotes your broker provides.
Open the MT4 data folder through File, Open Data Folder, and copy the expert advisor file into MQL4/Experts. Restart MT4 or refresh the Navigator, then drag the EA onto a chart and enable automated trading.
It is not mandatory, but a VPS with low latency to your broker is a sensible choice. The EA needs to process every tick and should run on a computer that is not busy with other programs.
Yes, but give every expert advisor on the account its own Magic number so that orders do not get mixed up. A dedicated account for this EA keeps things simpler.
EA Morpheus
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