About the Forex Armor Expert Advisor
The Forex Armor EA is a fully automated trading robot developed for MetaTrader 4, designed to operate on the 4-hour (H4) charts.
This medium-term trading system aims to identify optimal trade opportunities, executing approximately 12 trades per month.
While optimized for the EUR/USD currency pair, it is adaptable to other pairs as well.
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Download the “Forex Armor EA.ex4” expert advisor
Key Features
Stable Medium-Term Trading
Forex Armor EA focuses on medium-term trades, aiming to capitalize on significant market movements over several days.
Optimized for EUR/USD
While the EA performs best on the EUR/USD pair, it can be tested on other currency pairs to assess its performance.
Low Trade Frequency
The EA executes approximately 12 trades per month, reducing exposure to market volatility and minimizing trading costs.
Adjustable Risk Management
Customize various risk parameters, including lot size, stop loss, take profit, and trailing stop, to align with your trading preferences.
Broker Compatibility
The Forex Armor EA is compatible with any Forex broker that supports MetaTrader 4, providing flexibility in broker selection.
Strategy Tester Report
Find below the Forex Armor EA track record for the EUR/USD H4 chart (click on the picture for full-size view).
Key Points
- Largest profit trade: $29.41
- Largest loss trade: -$13.48
- Total net profit: $265.16
- Average consecutive wins: 4.2
During the testing phase (7 months), the Forex Armor EA achieved a solid 1,737 pips profit.
The largest profit trade was $29.41, and the largest loss trade was -$13.48.
The total net profit stood at $265.16, with an average of 4.2 consecutive wins, demonstrating the EA’s consistent performance.
Trading Chart
The picture below shows the Forex Armor EA attached to the EUR/USD 1-hour chart.
How the EA Works
- Monitors the EUR/USD market for optimal trade setups on the H4 timeframe.
- Executes trades based on predefined algorithms and risk parameters.
- Utilizes trailing stops to lock in profits as the market moves favorably.
- Closes trades promptly to secure profits and minimize losses.
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Download the “Forex Armor EA.ex4” EA
Parameters & Settings
- Currency Pair: EUR/USD (optimized), other pairs can be tested
- Timeframe: H4 (preferred), other timeframes can be tested
- Lot Size: Adjustable based on account balance
- Take Profit: Customizable per user preferences
- Stop Loss: Configurable per user preferences
- Maximum Spread: Adjustable tolerance
- Trailing Start: Optional feature to lock in profits
- Trailing Step: Adjustable to suit market conditions
- Maximum Orders: Limit the number of open trades
- Magic Number: Unique identifier for trades
- Trading Hours: Define start and stop times for trading
Recommended Trading Setup
- Broker: Any MT4-compatible broker
- Account Type: Standard or ECN
- Minimum Account Balance: $100
- Leverage: 1:100 or higher
- VPS: Recommended for 24/5 operation
- Timeframe: H4 (optimized), other timeframes can be tested
FAQ
Can the EA handle high volatility periods?
Yes, Forex Armor EA includes risk management settings that allow it to adjust to high volatility periods, helping to minimize potential losses.
Does the EA require constant supervision?
No, once installed on an MT4 platform and set up correctly, the EA can run autonomously 24/5. However, monitoring your account periodically is recommended.
Can I run this EA on multiple accounts?
Yes, the EA can be installed on multiple MT4 accounts. Make sure to configure different magic numbers for each account to avoid conflicts.
Is a VPS necessary for optimal performance?
While not mandatory, using a VPS ensures the EA runs continuously without interruption, reducing the risk of missed trades due to internet or power outages.
What is the recommended lot size for beginners?
For beginners, it’s recommended to start with a small lot size, such as 0.01 or 0.02 per trade, and gradually increase it as you gain confidence and experience.
Summary
The Forex Armor EA offers a stable and systematic approach to medium-term trading on the EUR/USD pair.
With its low trade frequency and adjustable risk management settings, it provides a balanced strategy suitable for traders seeking consistent performance.
