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Forex Master EA is a grid-based expert advisor for MetaTrader 4 that opens trades from a selectable signal indicator and manages them with grid gaps, group profit targets and equity limits. It can be used on gold and on major forex pairs.
Get one message the moment it launches, with its price.
Forex Master EA is an automated trading tool for MetaTrader 4 that places trades in a grid pattern. It uses a chosen technical indicator as its entry signal and then manages the open positions with gap, profit and equity settings.
The expert advisor starts a trade when the selected signal provider gives a direction. The listed providers are Moving Average, Bollinger Bands, Ichimoku Kinko Hyo and RSI. An inverse option lets you trade against the signal instead of with it. If price moves against the first position, the advisor adds further positions at set distances, which is the grid element. Those distances can be fixed or can widen after a certain number of trades.
The first trade uses an initial lot size. With dynamic lots enabled, each new grid trade adds a fixed increment. A static option can then fix the lot size from a chosen trade number onward, which limits how fast exposure grows.
Positions can be closed by a pip-based take profit, by a group profit target in account currency, or by a net account profit percentage. Check which of these are enabled before you start, because they decide when a basket of trades is closed.
The advisor is meant for gold (XAUUSD) and major forex pairs. Volatile symbols generally need a wider grid gap than quiet ones. No single timeframe is required, so choose one during testing and keep it consistent when you go live.
The inputs are grouped into lot management, grid settings, trade closing, account protection and signal indicator parameters. The table below lists the main groups. Defaults may differ, so read the values in the inputs tab rather than assuming them.
| Group | What it controls |
|---|---|
| Lot size management | Initial lot, dynamic increment, static lot switch |
| Grid settings | Gap size, dynamic gap start and increment |
| Trade close management | Take profit, group take profit, net account profit close |
| Equity protection | Equity allocation, maximum drawdown, maximum open trades |
| Signal provider | Indicator choice, inverse signal, indicator periods and levels |
Gap and take profit values are given in pips or points depending on how your broker quotes prices, so confirm the digit format of your symbol first. The equity protection switch is a separate option, so check whether it is on.
Grid methods can hold several losing positions at once and increase exposure while price trends against them. Drawdown can grow quickly in a one-sided market, and a group profit target does not cap losses. Limits on drawdown and open trades can reduce this exposure but cannot remove it.
Trading carries risk, and past results do not predict future ones. Test on a demo account, use position sizes you can afford, and never trade money you cannot afford to lose.
For continuous operation, many traders run the terminal on a VPS so the advisor keeps managing open positions without interruption.
| Product type | Expert advisor (automated trading) |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Gold or XAUUSD, Trend, Grid, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Strategy | Grid with trend and momentum signals |
| Markets | Gold (XAUUSD) and major forex pairs |
| Timeframes | Not fixed; test your chosen chart period before live use |
| Signal indicators | Moving Average, Bollinger Bands, Ichimoku, RSI |
| Lot sizing | Dynamic increment or static lots |
| Requirements | MT4 terminal, algo trading enabled, stable connection or VPS |
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No. This listing is for MetaTrader 4. It will not load in MetaTrader 5, which uses a different file format and trading model. Check that you have an MT4 terminal before buying.
It is described as usable on gold and on major forex pairs such as EURUSD, USDJPY and USDCHF. Symbol names differ between brokers, so check suffixes and contract specifications, and run a demo test on each symbol before going live.
Extract the downloaded archive, copy the expert advisor file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the advisor onto a chart with algo trading enabled.
Yes, you should review them. Grid gap, take profit and lot sizes affect risk directly, and suitable values depend on the symbol, its volatility, your broker's digit format and your account size. Test on a demo account first.
The product is described as supporting both automatic and manual use. If you place manual trades on the same account, they may count towards group profit, equity and open trade limits, so read how the inputs behave in a demo first.
No figure is given here. Because grid positions can build up during a strong trend, the account size you need depends on your lot settings and gap size. Test with a strategy tester and a demo account, and only trade with money you can afford to lose.
Forex Master EA
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