
Fortune EA is an MT4 expert advisor that follows the prevailing trend and places frequent short-term scalping orders. It has optional news filtering, hedging, martingale modes and equity limits.
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Fortune EA is an expert advisor for MetaTrader 4 that tries to follow the prevailing price direction while taking frequent, short-term scalping orders. It combines several indicator inputs with price action from multiple timeframes, and it offers a long list of optional controls for spread, drawdown, trading hours and trade management.
The EA reads price movement on more than one timeframe at once and uses that to judge the current trend. Entries are then placed in the direction of the move, with several indicator inputs (MACD, RSI, Stochastic and CCI periods) shaping the signal. Because it works on short swings inside a larger move, it can open many orders, and the number rises as you load it on smaller timeframes.
An optional memory feature records trade outcomes. In Learn mode the EA builds its own memory file, in Recall mode it blocks signals that resemble earlier poor results, and Learn+Recall does both. Off ignores memory completely and uses the default logic.
The developer suggests currency pairs that involve EUR, GBP, AUD, NZD and USD, running on the H1 chart. A cent account type is recommended for the account, with a funding level that you should confirm for your own broker and lot sizes. Spreads, slippage and execution speed vary a lot between brokers, so test on a demo account before using real funds.
The input list is long. These are the groups most users review first; check the exact names and defaults in the EA properties after attaching it.
| Group | Purpose |
|---|---|
| Magic number and order comment | Identifies the EA's trades; change the magic number only when running two charts of the same pair |
| Memory mode | Off, Learn, Recall or Learn+Recall |
| Max spread and max slippage | Blocks entries when costs are too high |
| Max lot size, max buy and sell trades | Caps exposure |
| Hedge options | Allows opposite trades and sets how profit covers the other side |
| Equity and free margin limits | Closes trades or pauses new ones using percentages of balance |
| Trading hours and days | Restricts entries to chosen times |
| Auto money management | Adjusts base lot to balance and a chosen risk percent |
| Chart display | Panel or comment mode, breakeven line, profit labels, colours |
Scalping with many orders, and in particular martingale or hedge options, can increase exposure quickly when the market moves against open trades. Use the equity limit, maximum lot size and trade count caps, and keep lot sizes modest relative to your balance.
Trading carries risk and you can lose part or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Trend following with scalping entries |
| Suggested markets | Forex pairs involving EUR, GBP, AUD, NZD and USD |
| Suggested timeframe | H1 (smaller timeframes open more orders) |
| Suggested account | Cent-type account; check the funding level with your broker |
| Optional modules | Memory mode, news filter, hedge, martingale, drawdown reduction |
| Order handling | Compliant with the FIFO rule |
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This listing is for MetaTrader 4 only. An expert advisor built for MT4 will not load on MT5, so make sure your terminal is MT4 before you buy.
No ready-made set files are supplied with the developer's recommendation. You are expected to run the Strategy Tester optimizer on your own broker data to find settings, or build memory files with the learning mode. Test on a demo account first.
The developer suggests major and minor pairs built from EUR, GBP, AUD, NZD and USD on the H1 chart. Lower timeframes produce more orders and so more exposure. Always check the behaviour on your own broker's data and spreads before going live.
The EA is described as compliant with the FIFO rule. Hedging and martingale options are separate and optional, and may not suit every account type, so check your broker's conditions.
Copy the EX4 or MQ4 file into the MQL4/Experts folder through File, Open Data Folder in MT4. Restart the terminal or refresh the Navigator, enable Algo Trading, and drag the EA onto a chart. Allow automated trading in the EA properties.
Updates are handled through the store download. Check your account for the latest file and re-read the input list after replacing the EA, since defaults can differ between builds.
Fortune EA
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