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Theranto is an MT4 expert advisor that scalps pullbacks in the direction of the trend, mainly on AUDCAD at M15. It uses RSI, ATR and candle patterns for entries and includes a news filter.
Get one message the moment it launches, with its price.
Theranto is a fully automated expert advisor for MetaTrader 4 that trades short-term pullbacks. It waits for a sharp move in one direction, looks for the price to retrace, and then tries to enter in line with the prevailing trend. It is designed mainly for AUDCAD on the M15 chart.
The expert combines three kinds of information to decide where a pullback entry may be worthwhile: the RSI to gauge momentum, the ATR to measure current volatility, and candle patterns to judge the shape of recent price action. The idea is that after a strong push, price often returns part of the way before the move continues. The system acts as a scalper, so trades are meant to be short and frequent compared with swing systems.
The expert includes a news filter that avoids opening trades before and after high-impact economic events. It reads an online calendar feed, so it needs web access from the terminal. The filter does not operate in the strategy tester, which means backtest results will not reflect it. Live or demo forward testing is the better way to see how it behaves.
The stop loss is based on a maximum drawdown setting rather than a fixed pip distance. Review how that value is calculated on your account before trading live.
Exact input names and default values can differ between releases, so open the inputs tab after attaching the expert and read each field. The points below are the ones to check first.
| Area | What to check |
|---|---|
| News filter | Make sure it is switched on for live and demo use |
| Risk and lot size | Match to your balance and drawdown tolerance |
| Maximum drawdown stop | Confirm the percentage or amount used for the stop |
| Set file | If the author provides one, load it and compare with your broker |
| Deposit and leverage | The listing suggests 500 to 1000 USD and up to 1:500; verify before use |
Trading carries risk, and past results, including backtests, do not predict future ones. Scalping systems are sensitive to spread, slippage and execution speed. Test on a demo account first and only trade with money you can afford to lose.
Use a VPS if you want the expert to run continuously, and check your broker's spread and execution before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Signals, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automated) |
| Trade style | Scalping, trend pullback, momentum |
| Main symbol | AUDCAD |
| Timeframe | M15 |
| Trading hours | 24 hours, five-day week |
| Indicators used | RSI, ATR, candle patterns |
| Suggested account | ECN or low-spread broker; check deposit and leverage |
No reviews yet. Customers who own Theranto v3 can review it here.
No. This package is built for MetaTrader 4 and will not run on MT5. If you use MT5, look for a product that is listed for that platform.
The expert is designed around AUDCAD on the M15 chart. Running it on other symbols or timeframes is not what it was built for, so test carefully on a demo account before trying anything else.
The filter reads an online economic calendar feed. In MT4, open Tools, then Options, then the Expert Advisors tab, enable WebRequest for listed URLs and add the calendar address given in the Installation section. The filter does not act in the strategy tester, so backtests will include trades around news.
An ECN or low-spread account is recommended, because a scalping system is sensitive to spread and slippage. The listing suggests a deposit in the range of 500 to 1000 USD and leverage up to 1:500, but you should check the current settings and your own risk limits before going live.
The author has indicated that a set file is shared separately. Check the product page and comments for it, and compare any preset with your broker's conditions before using it.
No. Trading carries risk, and past results, including backtests, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
Theranto v3
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