About the TPS Price Action EA
The TPS Price Action EA for Metatrader 4 is a fully automated Forex robot that opens and closes trades based on a proprietary price action trading strategy.
This expert advisor offers a lot of different input options to choose from; it even includes stealth take profit and stop loss.
From our back test, the EA made +3928 pips in one year on the EUR/USD 5-minute chart (see track record below).
The TPS Price Action EA can be used with any Forex broker and should work on any time frame.
Free Download
Download the “TPS Price Action EA.ex4” expert advisor
Key Features
Automated Price Action Trading
The EA operates based on a proprietary price action strategy, analyzing market movements to execute trades without manual intervention.
Customizable Settings
Traders can adjust various parameters, including percent risk, stealth stop loss, stealth take profit, defender slippage, maximum spread, and profit target, to align with their trading strategy.
Stealth Features
The EA includes stealth take profit and stop loss features, concealing these levels from the broker to reduce the likelihood of being targeted by stop hunting algorithms.
Broker Compatibility
The TPS Price Action EA is compatible with any Forex broker that supports MetaTrader 4, providing flexibility in broker selection.
Timeframe Flexibility
While the EA can operate on any timeframe, it is recommended to test it on a demo account first to determine the optimal settings for your preferred trading timeframe.
Strategy Tester Report
Find below the TPS Price Action EA track record for the EUR/USD M5 chart (click on the picture for full-size view).
Key Points
- Total profit: $3935.24
- Profit factor: +3.35
- Profit in pips: 3928.43
- Drawdown: 9.3%
The TPS Price Action EA has demonstrated consistent performance in test environments.
Users have reported steady profits when the Forex EA is properly configured and monitored.
However, individual results may vary, and it is essential to conduct thorough testing before live trading.
Trading Chart
The picture below shows the TPS Price Action EA expert advisor attached to the USD/CHF 5-minute chart.
How the EA Works
- Analyzes market price movements to identify trading opportunities.
- Executes trades based on predefined price action patterns.
- Utilizes stealth take profit and stop loss levels to minimize detection.
- Adjusts trading parameters to align with market conditions.
- Operates autonomously, requiring minimal user intervention.
Download Now
Download the “TPS Price Action EA.ex4” EA
Parameters & Settings
- Percent Risk: Adjusts the risk level per trade.
- Stealth Stop Loss: Conceals stop loss levels from the broker.
- Stealth Take Profit: Conceals take profit levels from the broker.
- Defender Slippage: Manages slippage during order execution.
- Maximum Spread: Sets the maximum allowable spread for trade execution.
- Profit Target: Defines the desired profit goal per trade.
Recommended Trading Setup
- Currency Pair: EUR/USD.
- Timeframe: 15-minute chart (M15).
- Risk per Trade: 1-2% of account balance.
- Broker: Low spreads and fast execution.
- Demo Account: Test before live trading for best results.
FAQ
Can I use this EA on other currency pairs?
While optimized for EUR/USD, the EA can operate on other pairs. Testing on a demo account first is recommended.
Is technical knowledge required to install it?
No, installation is straightforward. Just follow the instructions included in the setup guide.
Can it be used on a live account?
Yes, but we recommend testing on a demo account first to understand its behavior and performance.
Summary
The TPS Price Action EA is an automated trading tool designed for quick scalping on the EUR/USD pair.
With optimized algorithms, customizable settings, and full MT4 compatibility, it provides an efficient solution for traders seeking fast, consistent market opportunities.
Testing on a demo account before live trading is highly recommended to ensure optimal performance and understanding of the EA.
