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Forex Day Trader is a fully automated MT4 expert advisor that opens trades from a combination of three indicators and can run with fixed take profit and stop loss, trailing or martingale-style position handling. It also draws trade statistics on the chart.
Get one message the moment it launches, with its price.
Forex Day Trader is an automated expert advisor for MetaTrader 4. It reads a combination of three indicators to decide when to enter the market, then manages the position with take profit, stop loss, trailing or martingale-style options depending on how you configure it.
Once attached to a chart, the EA watches price and its internal indicator signals and opens trades without manual input. The exact indicators and their parameters are not listed in the product information, so review the input list inside MT4 after loading the EA to see what can be adjusted. The strategy tag for this product is volume, which relates mainly to how position size is handled.
An option to increase lot size is included. It is safer to keep it switched off until you have tested its effect on your drawdown.
The EA shows a panel on the chart with the current lot size, total trades, profitable and losing trades, average profit, average loss, today's profit and the current open profit. This makes it easier to see how the EA is behaving without opening the account history.
The EA is intended for forex pairs and can be attached to timeframes from M1 up to D1. It is described as working best on daily-style frames. On the lowest timeframes it can open many small trades, which increases the impact of spread and commission. Check which symbols and spreads your broker offers and test each pair separately.
Exact default values can differ between brokers and are not given here, so open the inputs tab and check them before going live.
| Setting area | What to check |
|---|---|
| Lot size | Starting volume, compared with your balance and broker minimum |
| Lot increase | Whether volume grows after trades; keep off when unsure |
| Take profit and stop loss | Whether fixed exits are enabled and their distance |
| Trailing | Whether trailing is active and how it is triggered |
| Martingale | Whether it is enabled and any limit on the number of steps |
Trading carries risk and you can lose some or all of your capital. Backtest figures and past results do not predict future ones. Martingale-style settings can multiply losses quickly. Test on a demo or cent account before using a live standard account.
For continuous operation, many users run the EA on a VPS so that the terminal stays connected.
| Product type | Expert advisor (fully automated) |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Markets | Forex pairs; check your broker's symbols before use |
| Timeframes | M1 to D1, with daily-style trading the stated focus |
| Trade style | Indicator-based entries with optional martingale or trailing |
| Account types | Standard and cent accounts |
| On-chart display | Trade statistics panel with profit and lot data |
| Requirements | MT4 with AutoTrading enabled and a stable connection or VPS |
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No. This is an MT4 expert advisor and is built for MetaTrader 4 only. It will not load in MetaTrader 5.
Open MT4, choose File, then Open Data Folder, and copy the expert file into MQL4/Experts. Restart MT4 or refresh the Navigator, drag the EA onto a chart, and make sure AutoTrading is switched on and live trading is allowed in the EA properties.
It can be attached to any timeframe from M1 to D1. Lower timeframes tend to produce many more small trades, so higher timeframes may suit you better. Test on a demo or cent account first and compare how each timeframe behaves with your broker.
Martingale-style position handling increases exposure after losses and can lead to large drawdowns or a margin call. The lot-increase option is best left off until you fully understand it. Only enable it after careful testing with money you can afford to lose.
The EA is described as working on cent accounts, which is a sensible way to test it with low exposure. Check your broker's minimum lot size, contract specifications and margin requirements before running it live.
No result can be promised. Trading carries risk and past or backtested results do not predict future ones. Run your own tests on a demo account before using real funds.
Forex Day Trader
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