Meylind EA V1.0 MT4 Meylind EA V1.0 MT4 - MetaTrader 4 Resources

introduce

Meylind EA V1.0 MT4 is an automated trading system designed to execute trades using algorithmic logic, technical indicators and price action analysis. It aims to provide consistent and disciplined trading by removing emotional involvement and automating the entire process.

Main features

• Fully automated trading system
• Multiple currency pair support
• Strategies based on indicators and price action
• Built-in stop loss and take profit
• Available for M5, M15 and H1 timeframes
• Customizable lot sizes and risk settings
• Trade management with trailing stop
• Compatible with most MT4 brokers
• Backtesting and optimization support

Recommended settings

• Time frame: M15 or H1
• Currency pairs: EUR/USD, GBP/USD, USD/JPY
• Risk level: 1% to 2% per trade
• Lot size: 0.01 or automatic lot size
• Broker Type: ECN or Low Spread Broker
• VPS: recommended for stable operation
• Trading hours: London and New York hours

Backtest results

• Demonstrated stable performance in historical testing with optimized settings
• Perform better in trending market conditions
• Drawdown depends on selected risk profile
• More effective for major currency pairs
• Live results may vary due to spreads and execution differences

advantage

• Fully automated and easy to use
• Eliminate emotional trading decisions
• Suitable for beginners and experienced traders
• Flexible and customizable settings
• Save time with automation
• Support VPS continuous trading

shortcoming

• No guaranteed profit
• Performance depends on market conditions
• Requires proper configuration and monitoring
• Sensitive to broker spreads and execution quality
• Not effective in all market environments
• Requires stable internet or VPS

Installation and Setup Guide

1. Download EA file (.ex4 or .mq4)
2. Open MetaTrader 4
3. Go to File → Open data folder
4. Navigate to MQL4 → Expert
5. Paste the EA file into the Experts folder
6. Restart MetaTrader 4
7. Drag the EA onto the chart
8. Enable automated trading
9. Adjust settings (risk, lot size, etc.)
10. Confirm that the EA is running.

Product screenshots