About the Engineer Forex Robot EA
The Engineer Forex robot for Metatrader 4 made an amazing 446.30% in only 9 trading months and deploys a proven breakout strategy.
The expert advisor specializes in calculating the best buy and sell breakout entry prices in subdued markets.
By default, all open trades are protected by a stop loss and take profit order.
The Engineer EA has a lot of options, such as fixed lot or auto lot, and parameters that can be easily modified by editing the inputs section.
As always, please try the 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 “Engineer EA.ex4” expert advisor
Key Features
Proven Breakout Strategy
Utilizes a tested breakout algorithm to identify and exploit market movements effectively.
High Performance
Achieved a 446.30% gain over nine months, demonstrating robust trading capabilities.
Risk Management
Incorporates stop loss and take profit orders for each trade to safeguard capital.
Customizable Settings
Offers adjustable parameters, including fixed or auto lot sizes, to tailor the EA to individual trading preferences.
Multi-Pair Compatibility
Optimized for major currency pairs like EUR/USD, GBP/USD, and USD/JPY, but adaptable to other pairs.
Timeframe Flexibility
Best suited for the 1-hour timeframe, providing a balance between trade frequency and analysis depth.
Trading Results
Find below the detailed Engineer EA track record for 9 trading months (click on the picture for full-size view).
Key Points
- Gain: 446.30% (9 months)
- Algo trading: 100%
- Profit trades: 41.9%
- Trading activity: 11.5%
- Leverage: 1:500
The Engineer EA has demonstrated a remarkable 446.30% gain over nine months, with a trading activity rate of 11.5%.
The profit trades percentage stands at 41.9%, indicating a solid strategy with a favorable risk-to-reward ratio.
The leverage used is 1:500, suitable for traders with varying account sizes.
Trading Chart
The picture below shows the Engineer EA attached to the Euro / U.S. Dollar 1-hour chart.
How the EA Works
- Monitors market conditions to identify breakout opportunities.
- Calculates optimal entry points based on support and resistance levels.
- Executes trades with predefined stop loss and take profit parameters.
- Adjusts lot sizes according to user-defined settings.
- Operates on a 1-hour timeframe for balanced trade execution.
Download Now
Download the “Engineer EA.ex4” EA
Parameters & Settings
- Magic Number: Unique identifier for EA instances.
- Lot Size: Choose between fixed or auto lot sizing.
- Stop Loss: Set in pips to limit potential losses.
- Take Profit: Define in pips to secure profits at desired levels.
- Maximum Spread: Set the maximum acceptable spread for trade execution.
- Timeframes: Select the timeframe for analysis and trade execution.
- Bar Count: Determine the number of bars to analyze for breakout signals.
Recommended Trading Setup
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY (optimized), adaptable to others.
- Timeframe: 1-hour chart for optimal performance.
- Account Balance: Minimum of $125 to accommodate trade sizes.
- Broker: Preferably with low spreads and fast execution.
- VPS: Recommended for uninterrupted trading operations.
FAQ
Is the Engineer EA compatible with all brokers?
Yes, as long as the broker supports MetaTrader 4 and allows automated trading.
Can I use the Engineer EA on other timeframes?
While optimized for the 1-hour timeframe, it can be tested on other timeframes for suitability.
What is the recommended minimum account balance?
A minimum balance of $125 is recommended to ensure proper trade execution.
Does the Engineer EA require constant monitoring?
Once set up, the EA operates autonomously, but periodic monitoring is advised.
Summary
The Engineer Forex Robot EA for MetaTrader 4 is a robust and reliable automated trading solution.
With its proven breakout strategy, impressive performance metrics, and user-friendly features, it offers traders an effective tool for navigating the forex market.
Download the Engineer EA today and enhance your trading experience with automated precision.
