About the Pac Man EA V2 Expert Advisor
The Pac Man EA V2 Forex robot for Metatrader 4 gained +48.02% profit so far this year and combines Bollinger Bands and the RSI indicator.
It averages +14.6 pips profit per trade with low drawdown (see the track record).
Basically, the Pac Man EA should work on any currency pair of your preference, but to maximize profits, deploy it on the lower spread currency pairs.
This expert advisor works on both smaller and bigger trading accounts and protects against slippage.
Be sure to take a look at the wide range of adjustable EA inputs.
This fully automated trading robot should work with any Forex broker of your preference.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Free Download
Download the “Pac Man EA V2.12.ex4” expert advisor
Key Features
RSI & Bollinger Bands Combo
Merges two reliable indicators to confirm entry points, aiming for accurate trade setups with fewer false signals.
Consistent Pip Gains
Captures a healthy average pip profit per trade—great for traders looking to accumulate gains steadily.
Low Drawdown Design
Built with risk control in mind, offering smoother equity curves and moderation in volatility.
Broker Flexibility
Compatible with most MT4 brokers; works best on pairs with tight spreads to maximize cost efficiency.
Customizable Inputs
Adjustable settings for lot sizing, RSI/Bollinger periods, spread limits, hedging, and trade behavior—tailor the EA to your trading profile.
MyFXBook Trading Results
Find below the Pac-Man EA V2 robot track record when attached to a live account (click on the picture for full-size view).
Key Points
- This year gain: +48.02%
- This year pips: +2578
- Average win: +14.6 pips
Recent performance indicates a solid return year-to-date, with the EA generating strong pip totals and commendable percentage gains while keeping drawdown in check.
The average pip gain per trade underscores its consistent scalping strength, and equity progression illustrates disciplined trade management.
Trading Chart
The picture below shows the Pac Man EA V2 attached to the Euro / US Dollar 15-minute chart.
How the EA Works
- Analyzes price using Bollinger Bands and RSI for potential setups.
- Validates entry signals when both indicators align in trend direction.
- Executes trades with defined pip-based take profit levels.
- Applies stop-loss protection and can hedge if enabled.
- Allows lot sizing flexibility—from fixed lots to dynamic and grid-based approaches.
Download Now
Download the “Pac Man EA V2.12.ex4” EA
Parameters & Settings
- Lot sizing: fixed, dynamic, or grid-based.
- RSI period: controls sensitivity to market oscillations.
- Bollinger Bands period: defines the volatility threshold.
- Max spread: filters out poor trading conditions.
- Hedging toggle: allow or disable hedge trades.
- Max open trades per currency pair.
- Drawdown thresholds: controls max risk per day.
Recommended Trading Setup
- Best on M15 charts—high activity without excessive noise.
- Choose currency pairs with consistently tight spreads.
- Start with a balance of $150–$300 for safer usage.
- Use ECN or STP brokers to minimize slippage.
- Run on a VPS to ensure continuous performance and uptime.
FAQ
Q1: Is Pac Man EA V2 safe for beginners?
A1: Yes—default settings offer a balanced risk/reward profile. Beginners should begin with a demo account to build confidence.
Q2: Can it trade on any pair?
A2: Yes—it supports all pairs, but works best on those with lower spreads for optimal results.
Q3: Does it require manual intervention?
A3: No—Pac Man EA V2 is fully automated. Once set up, it handles trade execution and management autonomously.
Q4: How many pips does it earn per trade on average?
A4: Trades typically yield healthy pip gains, making it consistent in building profit cumulatively over time.
Q5: Is there any other Pac Man expert advisor for MT4?
A5: Yes, Pac Man V3.55. You can download it here.
Summary
Pac Man EA V2 is a free, reliable MetaTrader 4 Expert Advisor crafted for scalping using RSI and Bollinger Band indicators.
It delivers steady pip returns, maintains low drawdown, and adapts well to multiple trading styles thanks to its flexible settings.
Easy to install and broker-compatible, it’s an excellent choice for traders aiming to automate efficient, disciplined trading strategies.
