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Long and Short PRO EA is an MT4 expert advisor built mainly for gold (XAUUSD). It scalps short moves, uses a grid with optional light averaging, and has session timers, a daily profit stop and drawdown limits.
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Long and Short PRO EA is an automated trading tool for MetaTrader 4. It is designed mainly for gold (XAUUSD) and trades short moves with a scalping approach, backed by a grid that can average into losing positions when you allow it. This page explains what it does, which inputs matter and what to check before running it on a live account.
The EA opens positions and aims to close them for small gains. The author does not publish the entry logic in detail, so treat it as a black box and judge it by testing rather than by assumptions. When price moves against a position, the grid can add further orders at a distance you define. Lot size for those extra orders can grow by a multiplier, or step up in small increments if the multiplier is set to zero.
Two separate daily sessions can be configured, each with its own on and off time. This is useful if you want the EA to stand aside during news or during a market session you find too volatile. An optional setting closes all open orders when a session ends, so check carefully whether you want that.
Gold is the main instrument. Forex pairs can be tried, but they are not the focus, so run them on a demo account first. The EA is described as working on timeframes from M1 to H1 with similar behavior, and H1 is a practical chart choice. Because it scalps, spreads, commissions and execution speed on your broker will affect results, so check them on your own account type.
The main inputs are listed below. Names and defaults can differ slightly, so open the inputs tab after loading the EA and review each value before trading.
| Input | Purpose |
|---|---|
| Lot | Base trade size |
| Tral | Minimum pips to close in profit |
| Grid step | Distance between grid orders, in pips |
| Profit in day | Daily profit amount at which the EA stops until tomorrow |
| Spread limit | Maximum spread allowed for new trades |
| Lot step | Maximum number of open positions |
| Session 1 and 2 on/off times | When the EA may trade |
| Close everything by time | Forces all orders closed when the time is up |
| Lot multiplication | Lot growth across grid orders |
| Stop limit in percent | Closes all orders at this drawdown |
| Pause in percent | Stops new orders at this drawdown |
| Magic number | Identifier for the EA's orders |
| Panel info | Shows the on-chart information panel |
Trading carries risk, and past results do not predict future ones. Grid and averaging methods can accumulate large floating losses in a strong one-way move. Use small lot sizes, test on a demo account first, and only trade money you can afford to lose.
For continuous 24-hour operation, many users run MT4 on a VPS. Check your broker's gold symbol name, spread and minimum lot before you start.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Main market | Gold (XAUUSD); Forex pairs can be tested |
| Timeframes | M1 to H1; H1 is the convenient choice for the chart |
| Trade style | Scalping with a grid and optional averaging |
| Trading hours | Around the clock on weekdays, with two optional time sessions |
| Risk controls | Spread limit, daily profit stop, drawdown pause, drawdown close-all |
| Requirements | MT4 terminal, algo trading enabled, stable connection or VPS |
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No. This listing is the MT4 version and will only run in MetaTrader 4. It will not load in MT5, so check which platform your broker account uses before buying.
The tool is built mainly around gold (XAUUSD). Forex pairs can be tried, but the author has focused on gold, so test any other symbol on a demo account first. It is described as working on M1 to H1 charts with similar behavior, and H1 is a convenient choice.
Copy the expert advisor file into the Experts folder via File > Open Data Folder > MQL4 > Experts in MT4, then restart the terminal or refresh the Navigator. Drag it onto a chart, enable algo trading and allow automated trading in the properties window.
No specific broker or minimum deposit is stated here. Spread matters, because the EA has a spread filter and was built with moderate spreads in mind. Check your broker's gold spread, contract size and minimum lot, and size the lot to your own balance and risk tolerance.
Any grid or averaging approach can build large floating losses if price moves against the open positions for a long time. The drawdown pause and forced-close settings are there to limit this, but they do not remove the risk. Test with small lots first.
Updates depend on the store's download area and the author's release schedule. Check your account for the latest download, and re-read the input list after replacing the file, as settings can change.
Long and Short PRO EA
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