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PapedaMT4 EA is an MT4 expert advisor that looks for price swings, waits for a breakout from a volatility band and opens at most one trade per candle. It can add grid-style averaging positions and close the whole basket together.
Get one message the moment it launches, with its price.
PapedaMT4 EA is a fully automated expert advisor for MetaTrader 4. It combines swing detection with a breakout filter based on a volatility band, and it can manage losing positions with an optional grid-style averaging routine.
The EA reads recent price action to mark structural highs and lows and to spot when a short-term swing begins to turn. It does not enter right away. It waits for price to close beyond a dynamic volatility band in the same direction as the swing, and only then does it open a trade.
If price moves against an open position, the EA can add further positions at a set distance. This moves the average entry price so that the whole basket can close together after a smaller retracement. You can also define exits in pips or in money, and a trailing stop can be switched on.
The default configuration targets EURUSD on the H1 chart. Inputs are open, so you may try other symbols or timeframes between M15 and H4 in the Strategy Tester. Treat any change from the defaults as a new strategy that needs its own testing on a demo account.
Exact input names and default values can differ, so read the input tab after loading the EA. The main groups are:
| Group | What it controls |
|---|---|
| Sensitivity | Swing detection and the width of the volatility band |
| Execution mode | Follow or Reverse |
| Money management | Fixed lot or automatic lot growth, plus maximum equity loss percentage |
| Recovery | Lot multiplier or linear addition, step distance, maximum layers |
| Exits | Pip or money targets and trailing stop |
| Sessions | Operating hours filter |
Averaging and grid methods can build large open exposure during strong trends. Use the equity loss limit, keep the layer count low, and check lot sizes against your account size and your broker's margin rules.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Signals, Trend, Momentum, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Strategy | Trend, momentum and breakout entries with optional grid recovery |
| Default market | EURUSD (other symbols can be tested) |
| Default timeframe | H1; M15 to H4 can be explored in the Strategy Tester |
| Trade style | One entry per candle, basket close, optional averaging |
| Requirements | Algo trading enabled, stable connection or VPS |
| Account notes | Check balance and leverage suited to grid use with your broker |
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No. This listing is for MetaTrader 4 only. It will not load in MetaTrader 5, so make sure your broker account runs on MT4 before buying.
Open MT4, choose File, then Open Data Folder, and go to MQL4 and then Experts. Copy the EA file there, restart the terminal or refresh the Navigator, then drag the EA onto a chart. Make sure the Algo Trading button is on and automated trading is allowed in the EA properties.
The default settings are intended for EURUSD on the H1 chart. Other symbols such as gold or GBPJPY, and other timeframes, are possible, but you should test them yourself in the Strategy Tester and on a demo account first, because the defaults may not suit them.
It has an averaging recovery feature that adds positions when price moves against a trade. You can choose multiplied or linear lot additions and limit the number of layers. This approach can increase exposure quickly, so review these inputs carefully before trading live.
The author suggests a fairly large balance and 1:100 leverage for the defaults, but you should check the input descriptions and test with your own broker conditions. Spread, execution speed and minimum lot size can all change how the EA behaves.
You can, but the EA only trades while MT4 is open and connected. A VPS or an always-on computer is usually preferred for automated systems that manage open baskets.
PapedaMT4 EA
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