LARRY FX English EA V1.0 MT4 LARRY FX English EA V1.0 MT4

introduce

LARRY FX English EA V1.0 is an automated trading system specially designed for the MetaTrader 4 (MT4) platform. It uses technical indicators and algorithmic strategies to analyze market trends and execute trades automatically. EAs are designed to save time, reduce emotional trading errors, and provide consistent results for both beginners and experienced traders.

Main features

• Automated trade execution: Open and close trades based on predefined market conditions.
• Customizable risk management: adjust lot size, stop loss, take profit and maximum open trades.
• Multi-timeframe analysis: Confirm trends on different chart timeframes to reduce false signals.
• Technical Indicator Integration: Using Moving Averages, RSI and Trend Following Logic.
• Trailing Stops and Alerts: lock in profits and notify users of trades.
• Backtesting support: allows simulation of historical data for optimization.
• User-friendly interface: Easy setup and configuration for beginners.

Recommended settings

• Approximate time: M15 or H1 works for most pairs
• Lot size: Fixed 0.01–0.05 per $1,000 balance (can be adjusted based on risk)
• Stop Loss/Take Profit: Use default EA settings or customize volatility per pair
• Maximum open trades: 2–3
• Currency pairs: EUR/USD, GBP/USD, USD/JPY (for major and minor currency pairs)

Backtest results

• Time period: 1 year (historical data)
• Profitability: Moderate to high, depending on market conditions and environment
• Drawbacks: Controlled with built-in risk management
• Winning rate: approximately 60-70% in trending markets
• NOTE: Past performance is no guarantee of future results; different pairings or conditions may require optimization

advantage

• Save time with automated trading
• Eliminate emotional decision-making
• Consistent execution of strategies
• Can be customized to suit different risk profiles
• Works 24/7 without manual monitoring
• Beginner-friendly setup

shortcoming

• Performance depends on market conditions
• No guaranteed profit
• Requires stable Internet and MT4 platform
• Occasional monitoring is recommended
• Over-optimization may degrade field performance

Installation and Setup Guide

1. Download the EA file (.ex4 or .mq4).
2. Copy it to MT4 → File → Open data folder → MQL4 → Expert.
3. Restart MT4 to detect the EA.
4. Attach the EA to the desired currency pair chart.
5. Configure risk settings, lot size, stop loss and take profit.
6. Automatic trading is enabled; a smiley face indicates it is active.
7. Monitor transactions regularly and adjust settings as needed.

Product screenshots