Description
<h3>Introduction</h3>
<p><strong>Exol Idol 4 EA V2.1</strong> is an automated Forex trading robot built for <strong>MetaTrader 4 (MT4)</strong>. It is designed as a <strong>trend-scalping Expert Advisor</strong> — 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. <span></span></p>
<h3>Key Features</h3>
<ul>
<li><strong>Trend-Following Scalping Strategy</strong> — Identifies and trades only in the direction of confirmed trends. <span></span></li>
<li><strong>Risk Management Tools</strong> — Each trade uses fixed <strong>Stop Loss</strong>, <strong>Take Profit</strong>, and <strong>Trailing Stop</strong> for controlled outcomes. <span></span></li>
<li><strong>No Risky Methods</strong> — Avoids martingale or grid averaging tactics; focused on disciplined trading. <span></span></li>
<li><strong>Multi-Pair Support</strong> — Works on major forex pairs like <strong>EURUSD, GBPUSD, USDJPY, EURGBP, GBPJPY, EURJPY</strong>. <span></span></li>
<li><strong>Automated Execution</strong> — Runs 24/5 when attached to MT4 with AutoTrading enabled. <span></span></li>
</ul>
<h3>Recommended Settings</h3>
<ul>
<li><strong>Timeframe:</strong> M5 (5-minute chart) — common for scalping strategies. <span></span></li>
<li><strong>Account Type:</strong> ECN or Standard with low spreads. <span></span></li>
<li><strong>Lot Size:</strong> Start small (e.g., 0.01–0.05) and scale with equity. <span></span></li>
<li><strong>Leverage:</strong> 1:100–1:500 (broker dependent). <span></span></li>
<li><strong>Max Spread:</strong> Configure a maximum spread threshold to avoid volatile conditions. <span></span></li>
<li><strong>VPS Hosting:</strong> Recommended for stable 24/7 execution. <span></span></li>
</ul>
<h3>Backtest Results</h3>
<p>Backtests conducted on variants of <strong>Idol EA MT4</strong> show:</p>
<ul>
<li>Turning <strong>$300 into ~$900+</strong> on pairs like <strong>EURUSD/GBPUSD</strong> with disciplined risk. <span></span></li>
<li>Some extended tests report higher profit factors and consistent equity growth with low drawdowns, depending on settings and timeframe. <span></span></li>
</ul>
<h3> Advantages</h3>
<ul>
<li><strong>Automated trend scalping</strong> with risk controls (no martingale). <span></span></li>
<li>Suited for multiple major currency pairs. <span></span></li>
<li>Works fully automatically once set up. <span></span></li>
<li>Backtests show promising growth curves with controlled drawdown potential. <span></span></li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Performance <strong>depends heavily on broker spread/conditions</strong>. <span></span></li>
<li>Scalping EAs are sensitive to <strong>latency and slippage</strong> without VPS. <span></span></li>
<li>Past backtest performance doesn’t guarantee live outcomes. <span></span></li>
<li>Lack of official verified results for <em>V2.1</em> makes results uncertain.</li>
</ul>
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