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Hope EA is an automated MT4 expert advisor built for GBPUSD, with the M5 chart as its default. It uses averaging calculations with a stop loss and take profit on each trade, and it exposes a set of inputs for lot size, risk and averaging behaviour.
Get one message the moment it launches, with its price.
Hope EA is an automated expert advisor for MetaTrader 4 that is built around the GBPUSD pair. It opens and manages trades on its own, using a set of averaging calculations rather than a single entry rule, and it is tagged as a trend-style system aimed at medium-term moves.
The core of the EA is its averaging logic. Instead of treating every position in isolation, it calculates an average value from its own equations and uses that value when deciding how positions are handled and closed. There are four sets of equations in total. Two separate inputs choose which set is used, so you can test different combinations on your own data.
Stop loss and take profit values are part of the input list, so each trade is meant to carry defined exits. Averaging approaches can build up exposure when price moves against open positions, so it is important to understand how your chosen settings behave in a drawdown before you use real money.
The parameter list is fairly long. The main inputs are shown below. Only the lot size and risk percent have clear starting values; for everything else, test on your own broker's history and decide what suits your account.
| Input | Purpose |
|---|---|
| Lots | Fixed trade size, default 0.01 |
| Riskpercent | Risk setting for sizing, default 1 |
| Complexity_Degree | How elaborate the averaging is, from 20 to 70; lower values are less aggressive |
| Complexity_Off | Turns the complexity feature on or off |
| Enhanced_Averaging_1 | Selects the equation set for the first averaging stage |
| Averaging_1_Limit | Limits the calculated average, which changes how sudden gaps are treated |
| Enhanced_Averaging_2 | Selects the equation set for the second averaging stage |
| Averaging_2_Limit | Same limit option for the second stage |
| Profit | Average profit target used to close deals |
| Stop | Stop loss for the trades |
| Simple_Averaging | Adds a plain averaging method that influences the result |
| Magic Number | Identifier so the EA can recognise its own orders |
Trading carries risk, and past results do not predict future ones. Averaging systems can accumulate losing positions in a strong one-way move. Always test on a demo account first and size positions to an amount you can afford to lose.
Check the minimum balance that suits your account type and the lot size you plan to use. A micro account and a standard account will need different settings, and a small balance leaves less room for averaging to work through a drawdown.
Run it on a demo account for a period first, compare behaviour with the strategy tester, and only then decide on live settings.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Main symbol | GBPUSD |
| Default timeframe | M5 |
| Trade style | Averaging, medium-term, trend-tagged |
| Account types | Standard and ECN accounts |
| Key inputs | Lots, Riskpercent, Complexity_Degree, Profit, Stop |
| Requirements | MT4 terminal with automated trading enabled |
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This listing is for the MetaTrader 4 version, so it installs in an MT4 terminal as an expert advisor. An MT4 file cannot run in MT5. If you trade on MT5, check that a separate build for that platform is offered before you buy.
The EA is designed for GBPUSD and starts from the M5 chart. Other timeframes and pairs can be tried in the strategy tester, but treat them as experiments and test thoroughly on a demo account before using real funds.
An expert advisor only trades while the terminal is open and connected, so a computer or VPS that stays online is the practical way to run it. How much speed or latency matters depends on your broker, so check behaviour on a demo account first.
Download the file, open MT4, choose File then Open Data Folder, and copy the expert file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a GBPUSD chart and allow automated trading in the terminal options.
The lot size defaults to 0.01 and the risk percent defaults to 1. For the complexity value, the averaging sets and the profit and stop inputs, run your own tests on your broker's data and pick values that suit your account size and risk tolerance.
It is intended to run on both classic and ECN style accounts, but spreads, execution and symbol naming differ between brokers. Test on a demo account with your broker and confirm that the symbol name matches what the EA expects.
Hope EA
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