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Royal Entry is an MT4 expert advisor built for EURUSD on the M15 chart. It looks for selective entries tick by tick, attaches a stop loss to each trade, and limits exposure with a risk percentage per trade and a maximum number of open positions.
Get one message the moment it launches, with its price.
Royal Entry is an expert advisor for MetaTrader 4 that trades EURUSD on the M15 chart. It is built around selective entries rather than a high number of trades, and it leaves most of the risk control to two inputs: how much to risk per trade and how many positions may be open at once.
The expert checks the market on every tick and opens a trade only when its internal entry conditions are all met. The exact rules are not published, so you cannot adjust them. What you can see is the behaviour: periods with no activity are normal, and each position is sent with a stop loss.
The author says it is not a scalper and does not use martingale. The store tags also list scalping and grid, so the two descriptions do not match. Watch how it behaves in the tester and on a demo account, in particular whether it opens several positions close together, before judging it.
The author describes setup as simple and says no set files are needed. The two inputs that matter most are listed below. Input names and default values can differ between copies, so read the inputs tab for the exact wording and do not assume a default is suitable for your account.
| Input | Purpose |
|---|---|
| Risk per trade (percent) | Share of account balance risked on each position if its stop loss is hit |
| Maximum trades allowed | Upper limit on positions open at the same time |
Multiply the risk percentage by the maximum number of trades. With 1 percent and 3 trades, the combined stop-loss risk is up to 3 percent. The expert may open fewer positions than the limit, but you should size the inputs for the case where the limit is reached.
A stop loss limits the planned loss on a trade, but it does not remove risk. Slippage, spread widening and gaps can make a loss larger than planned. Higher risk settings produce deeper drawdowns, so start small and use a demo account first.
Trading carries risk, and you can lose some or all of your deposit. Backtest results and past performance do not predict future results. Test on a demo account before using real money.
Use Every tick mode with the best tick data you can get, over several years, and a spread close to what your broker offers. Compare results at different risk settings and look at drawdown as well as total return.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Market | EURUSD only |
| Timeframe | M15 only |
| Trade style | Selective entries with stop loss; store tags: scalping, grid |
| Money management | Risk percentage per trade plus a maximum trades limit |
| Broker requirement | Low spread on EURUSD; the author suggests about 15 points at most |
| Recommended setup | VPS for continuous running; test in Every tick mode |
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This listing is for MetaTrader 4. It will not load in MetaTrader 5, which uses a different file format and trading engine. Make sure your terminal is MT4 before you buy.
The author designed it for EURUSD on the M15 chart only. Running it on other pairs or timeframes is outside its intended use, so results there are unknown and not recommended.
The author says no set files are needed. The main inputs are the risk percentage per trade and the maximum number of open positions. Open the inputs tab after attaching it and check the exact names and defaults in your copy.
The author states that it does not use martingale or grid techniques, while this store tags it under scalping and grid. Because the descriptions differ, run it in the strategy tester and on a demo account to see how it opens and sizes positions before you use real money.
The author gives the maximum potential risk as the risk percentage per trade multiplied by the maximum trades allowed. For example, 2 percent with 3 trades allowed is up to 6 percent if all three positions are open and stopped out. Slippage and wide spreads can make real losses differ, so choose conservative values.
The author advises using Every tick mode with high-quality tick history over a long period. Use a spread similar to your live broker. Past test results do not predict future results, and a test is only a rough guide.
Royal Entry
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