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Prado is an MT4 expert advisor for USDJPY on the H1 chart. It places pending orders around trend levels, attaches stop loss and take profit at order entry, and can manage open trades with a trailing stop.
Get one message the moment it launches, with its price.
Prado is an expert advisor for MetaTrader 4 that trades USDJPY on the H1 chart. It works with pending orders placed near trend levels and takes a short-term, intraday approach, with protective orders attached from the start.
Rather than entering at market, Prado places pending orders at price levels it derives from the prevailing trend, with volume information also part of the logic. When an order is placed, its stop loss and take profit go with it, so a trade is never open without a defined exit. Once a position is running, a trailing stop can adjust the protective level as price moves in your favour.
The vendor describes the expert as running several strategies side by side, which is meant to spread the trading logic over different market conditions. The vendor also says it does not use grids, averaging down or growing order volumes after losses. You should still confirm this behaviour yourself in a demo or in the tester, because the description cannot replace your own checks.
The expert is intended to be used with its default inputs, so there is no long configuration process. The table below lists what to check before you start. Exact input names and values can differ between releases, so read the inputs tab inside MetaTrader rather than relying on this page.
| Item | What to do |
|---|---|
| Symbol and chart | Attach to USDJPY, H1, one chart only |
| Lot size or risk mode | Choose a size that suits your balance and risk limits |
| Trailing stop | Leave at default unless you have tested a change |
| Magic number | Keep it unique if other experts run on the same account |
For the Strategy Tester, use USDJPY, H1 and the every tick model with good quality history. The vendor says the defaults were tuned on data from 2010 onward. Test with spreads and commission close to what your broker actually charges, and compare the results with a demo run before committing real funds.
The vendor mentions a minimum deposit of about 500 USD. Treat that as a starting point and work out your own sizing, leverage and acceptable drawdown. Pending orders can fill with slippage when spreads widen, for example around news releases or rollover.
Trading leveraged products carries a high level of risk, and you can lose more than you expect. Backtests and monitoring results are not a forecast, and past results do not predict future ones. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Symbol | USDJPY only |
| Timeframe | H1, one chart |
| Trade style | Intraday, pending orders from trend levels |
| Strategy tags | Trend, Volume |
| Account type | Low-spread or raw-spread account preferred |
| Suggested deposit | Around 500 USD; confirm with your broker's contract size |
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Prado is designed for USDJPY on the H1 timeframe, and it should run on a single chart. Attaching it to other symbols or timeframes is outside what it was built and tested for.
The default settings are meant to be used as they are. If you want to adjust anything, change one input at a time and test it first on a demo account or in the Strategy Tester.
No. This listing is for MetaTrader 4 only. An MT4 expert advisor cannot be loaded into MetaTrader 5, so check that you are running MT4 before buying.
An account with a low, stable spread is the better fit, since the system works with pending orders and fixed stops. The vendor refers to raw-spread accounts with a spread of roughly 0 to 3 pips plus commission. Check your broker's current spreads, commission and execution rules.
Use the Strategy Tester on USDJPY, H1, with the every tick model and good quality history. The vendor says the defaults were optimised on data from 2010 onward. A backtest does not predict live results, and live spreads and slippage will differ.
The vendor suggests about 500 USD. Your own requirement depends on the lot size you choose, your broker's leverage and how much drawdown you can tolerate, so work that out before trading live.
Prado
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