About the New Horizons Expert Advisor
The New Horizons EA Forex robot for MT4 uses a proprietary trend trading strategy to identify the best emerging trends in the currency market.
The EA has an amazing 94.93 % win percentage and does not use any dangerous trading methods (grid, martingale) to turn an array of bad trades into positive results.
This Forex trading bot has a built-in news filter that can be enabled or disabled.
The New Horizons EA can be used with any Forex broker and works best when attached to the 15-minute chart.
Free Download
Download the “New Horizons.ex4” expert advisor
Key Features
High Win Rate
Achieves an impressive 94.93% win percentage, reflecting its effectiveness in identifying profitable trading opportunities.
Low Drawdown
Maintains a drawdown of just 7%, indicating efficient risk management and capital preservation.
Trend-Following Strategy
Employs a proprietary trend-following strategy to capture short-term price movements during emerging trends.
No Risky Trading Strategies
Operates without relying on high-risk strategies like martingale or grid trading, ensuring a safer trading approach.
Fully Automated Trading
Functions fully autonomously once configured, executing trades based on predefined conditions without the need for constant monitoring.
Strategy Tester Report
Find below the New Horizons EA track record (click on the picture for a full-size view).
Key Points
- Profit factor: +3.51
- Winning percentage: 94.93%
- Drawdown: 7%
- Wins/losses ratio: 18.71
The New Horizons EA has demonstrated a profit factor of +3.51, a win percentage of 94.93%, and a drawdown of 7% during its testing period.
These results indicate a high level of consistency and profitability.
Traders are encouraged to test the EA on demo accounts to assess its performance under various market conditions.
Trading Chart
The picture below shows the New Horizons expert advisor attached to the USD/JPY 15-minute chart.
How the EA Works
- Continuously monitors price trends and momentum on the 15-minute chart to detect emerging market directions.
- Opens buy or sell trades when the EA identifies a strong trend confirmation based on its proprietary indicators.
- Automatically sets dynamic stop-loss and take-profit levels to protect capital and lock in profits.
- Adjusts trailing stops to follow the trend, maximizing potential gains while minimizing downside risk.
- Closes positions automatically when trend conditions weaken or when predefined profit targets are reached, ensuring consistent trade management.
Download Now
Download the “New Horizons.ex4” EA
Parameters & Settings
- Risk Calculation: Percentage or Fixed Dollar Amount
- Lot Size Calculation: Based on Stop-Loss Distance
- Stop-Loss and Take-Profit Levels: Customizable
- Trade Execution: Automated based on predefined conditions
- Currency Pairs: Any pair (optimized for moderate volatility pairs)
Recommended Trading Setup
- Timeframe: 15-minute chart (M15)
- Currency Pairs: Major pairs with moderate volatility
- Broker: ECN/STP with low spreads
- Additional Tools: Economic calendar for news events
- Account Type: Standard or ECN account
FAQ
How often does the EA open trades?
The EA opens trades based on detected trends on the 15-minute chart. Frequency varies depending on market conditions, usually a few trades per day per currency pair.
Can I adjust the trading aggressiveness?
Yes, you can modify risk settings, lot sizes, and take-profit levels to make the EA more conservative or aggressive based on your trading style.
Is the EA suitable for multiple accounts?
Yes, you can run the EA on multiple MT4 accounts simultaneously, but it is recommended to test each account individually to ensure optimal performance.
Does it work during news releases?
The EA includes filters to avoid trading during high-impact news events, reducing the risk of sudden market volatility affecting open trades.
Do I need a powerful computer to run it?
No, the EA is lightweight and can run efficiently on most computers or a VPS, ensuring continuous trading without interruptions.
Summary
The New Horizons EA for MT4 is a reliable and intelligent trading tool for MetaTrader 4.
It automates trade execution, provides customizable risk management, and offers advanced features like partial profit levels and a high win rate.
Suitable for beginners and experienced traders, it enhances trading efficiency while reducing manual workload.
