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Hundred Egg EA is a fully automated MT4 expert advisor that looks for extreme reversal setups on three correlated Australian and New Zealand dollar pairs. It includes spread and news filters and is designed for the M15 timeframe.
Get one message the moment it launches, with its price.
Hundred Egg EA is an automated expert advisor for MetaTrader 4. It is built around reversal situations, where price has moved sharply in one direction and the system looks for a turn, and it is intended for three related pairs: AUDCAD, AUDNZD and NZDCAD.
The EA combines several pattern recognition techniques to judge market conditions and decide when a reversal entry is reasonable. Because the three pairs share the Australian or New Zealand dollar and the Canadian dollar, their moves are partly correlated, and the system takes this relationship into account when looking for opportunities. It opens and manages trades without manual input, so you do not need to place orders yourself.
Two protective filters are included. The spread filter stops new trades when the broker spread is wider than a limit you set. The news filter pauses trading around scheduled market events, and it relies on data downloaded through WebRequest.
The developer advises against using other symbols. If your broker adds a prefix or suffix to names, check that each chart opens the correct pair.
The input list is short. The main parameters are described below. Check the input tab in your terminal for exact names and default values, as these can vary between builds.
| Parameter | Purpose |
|---|---|
| Multi-currency mode | List the pairs to trade from one chart, or leave it empty if you attach the EA to each pair separately. |
| Allow first position type | Controls which direction the first trade may take. |
| Instance number | A one or two digit number that identifies this copy of the EA. |
| Comment prefix | Text added to the comment on each order. |
| Max allowed spread | No new trades if spread exceeds this value. Zero turns the filter off. |
| Broker time zone (GMT) | Your broker's offset, used by the time based filters. |
| Trading mode | Selects a risk profile. Higher profiles generally accept more exposure. |
Trading carries risk, and past results, including backtests and published signals, do not predict future ones. Reversal strategies can hold losing positions for some time and may suffer large drawdowns. Use only money you can afford to lose and test on a demo account first.
Account size and leverage guidance comes from the developer, so check the current figures before funding an account. Choose the trading mode that fits your own risk tolerance, not just the smallest balance.
For backtesting, use M15 and default inputs first. The news filter is not active in the tester, so treat results with care.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Signals, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Fully automated expert advisor |
| Strategy tags | Signals, support and resistance |
| Symbols | AUDCAD, AUDNZD, NZDCAD |
| Timeframe | M15 recommended |
| Trade style | Reversal entries with correlation between pairs |
| Filters | Spread filter, market news filter (needs WebRequest) |
| Account notes | Check the developer's balance and leverage guidance |
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No. This listing is the MetaTrader 4 build and runs only in MT4. An MT5 terminal cannot load it, so confirm your platform before buying.
The developer recommends AUDCAD, AUDNZD and NZDCAD on the M15 timeframe, and advises against attaching it to other pairs. Your broker may add suffixes to symbol names, so check that the chart symbols match the pairs.
The market news filter downloads data from external addresses. In MT4, open Tools, Options, Expert Advisors, tick Allow WebRequest for listed URL and add the addresses given in the developer's instructions. They include ec.forexprostools.com and api.jrtrader.org. Without this the news filter cannot work.
The developer states a minimum balance for its lowest-risk entry mode and a higher recommended balance with high leverage. Check the current figures on the product page and make sure your broker offers the leverage you plan to use. A small account carries a higher risk of large drawdown relative to its size.
Yes, use the M15 timeframe and the default settings as a starting point. The news filter does not operate in the tester, so live behaviour can differ from test results. Use good quality tick data and realistic spreads.
Yes. As with any EA it needs the terminal to stay open and connected, so many users run it on a VPS. Install it there in the same way, and allow WebRequest in that terminal as well.
Hundred Egg EA
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