Exol Idol 4 EA V2.1 MT4

<h3>Introduction</h3>

Exol Idol 4 EA V2.1 is an automated Forex trading robot built for MetaTrader 4 (MT4). It is designed as a trend-scalping Expert Advisor — aiming to identify high-probability price movement zones and execute trades with predefined risk control (stop-loss, take-profit, trailing stops). The goal is to capture short-term trends while minimizing downside exposure.

<h3>Key Features</h3>

<ul>

<li>Trend-Following Scalping Strategy — Identifies and trades only in the direction of confirmed trends. </li>

<li>Risk Management Tools — Each trade uses fixed Stop Loss, Take Profit, and Trailing Stop for controlled outcomes. </li>

<li>No Risky Methods — Avoids martingale or grid averaging tactics; focused on disciplined trading. </li>

<li>Multi-Pair Support — Works on major forex pairs like EURUSD, GBPUSD, USDJPY, EURGBP, GBPJPY, EURJPY. </li>

<li>Automated Execution — Runs 24/5 when attached to MT4 with AutoTrading enabled. </li>

</ul>

<h3>Recommended Settings</h3>

<ul>

<li>Timeframe: M5 (5-minute chart) — common for scalping strategies. </li>

<li>Account Type: ECN or Standard with low spreads. </li>

<li>Lot Size: Start small (e.g., 0.01–0.05) and scale with equity. </li>

<li>Leverage: 1:100–1:500 (broker dependent). </li>

<li>Max Spread: Configure a maximum spread threshold to avoid volatile conditions. </li>

<li>VPS Hosting: Recommended for stable 24/7 execution. </li>

</ul>

<h3>Backtest Results</h3>

Backtests conducted on variants of Idol EA MT4 show:

<ul>

<li>Turning $300 into ~$900+ on pairs like EURUSD/GBPUSD with disciplined risk. </li>

<li>Some extended tests report higher profit factors and consistent equity growth with low drawdowns, depending on settings and timeframe. </li>

</ul>

<h3> Advantages</h3>

<ul>

<li>Automated trend scalping with risk controls (no martingale). </li>

<li>Suited for multiple major currency pairs. </li>

<li>Works fully automatically once set up. </li>

<li>Backtests show promising growth curves with controlled drawdown potential. </li>

</ul>

<h3>Disadvantages</h3>

<ul>

<li>Performance depends heavily on broker spread/conditions. </li>

<li>Scalping EAs are sensitive to latency and slippage without VPS. </li>

<li>Past backtest performance doesn’t guarantee live outcomes. </li>

<li>Lack of official verified results for V2.1 makes results uncertain.</li>

</ul>

<h2>Installation Steps</h2>

<ol>

<li>

Download the Exol Idol 4 EA V2.1 file (.ex4 or .mq4).

</li>

<li>

Open MetaTrader 4.

</li>

<li>

Click File → Open Data Folder.

</li>

<li>

Open the MQL4 folder.

</li>

<li>

Open the Experts folder.

</li>

<li>

Paste the EA file into the Experts folder.

</li>

<li>

Close the folder and restart MetaTrader 4.

</li>

</ol>

<h2>Setup Steps</h2>

<ol>

<li>

Enable AutoTrading from the MT4 toolbar.

</li>

<li>

Open the recommended currency pair.

</li>

<li>

Select the recommended timeframe (commonly M15, H1, or as specified by the developer).

</li>

<li>

Open the Navigator panel (Ctrl + N).

</li>

<li>

Drag Exol Idol 4 EA V2.1 from Expert Advisors onto the chart.

</li>

<li>

In the Common tab, check “Allow Live Trading.”

</li>

<li>

In the Inputs tab, configure:

</li>

</ol>

<ul>

<li>

Risk percentage (recommended 1%–2%)

</li>

<li>

Lot size (fixed or auto lot)

</li>

<li>

Spread limit

</li>

<li>

Maximum drawdown protection (if available)

</li>

</ul>

<ol>

<li>

Click OK to activate the EA.

</li>

</ol>

<h3>Support & Disclaimer</h3>

<h4>Support</h4>

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: <a href="https://wa.me/+443300272265" target="_new">Click here</a>

Telegram Group: <a href="https://t.me/yoforexrobot" target="_new">Join our community</a>

<h4>Disclaimer: </h4>

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.

Exol Idol 4 EA V2.1 MT4

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