Aussie Loonie EA V2.0 MT4

Introduction

Aussie Loonie EA V2.0 MT4 is an automated trading system designed for currency pairs involving the Australian Dollar (AUD) and Canadian Dollar (CAD), such as AUDCAD, AUDUSD, and USDCAD. It focuses on short-term and scalping strategies using advanced technical analysis and trend-following logic, making it suitable for traders who want automated trading with built-in risk management.

Key Features

• Advanced trading algorithm combining trend-following and price action signals
• Fully automated trade execution and management
• Optimized for AUDCAD, AUDUSD, and USDCAD pairs
• Built-in stop-loss and take-profit for risk management
• Smart entry and exit logic to filter weak signals
• Customizable settings including lot size, risk, and trade frequency
• Optional news filter to avoid volatile periods
• Monitors broker spread to ensure efficient trade execution
• VPS compatible for 24/7 operation

Recommended Settings

• Currency Pairs: AUDCAD, AUDUSD, USDCAD
• Timeframe: M5 (primary), M15 optional
• Lot Size: 0.01 per $100–$200 balance, adjustable by risk
• Risk Level: Low to Medium for stability
• Stop Loss: 100–300 points depending on volatility
• Take Profit: 50–150 points per trade
• Max Trades: 1–3 simultaneous trades
• VPS: Recommended for uninterrupted 24/7 trading

Backtest Result

• Consistent performance in trending and moderately volatile markets
• Higher win rate with stable spread brokers
• Drawdowns vary based on risk and market conditions
• Best results observed on M5 timeframe
• Performance can decline during low volatility or major economic news

Advantages

• Automates trading and reduces manual work
• Removes emotional decision-making
• Fast execution suitable for scalping strategies
• Optimized for AUD and CAD currency pairs
• Customizable settings for different trading styles
• Beginner-friendly and time-saving
• Supports continuous 24/7 trading on VPS
• Built-in risk management with stop-loss and take-profit

Disadvantages

• Performance depends on market conditions and volatility
• Requires low-spread, fast-execution brokers
• Risk of drawdowns if settings are aggressive
• Not a guaranteed profit system
• Requires proper configuration and monitoring
• VPS may incur extra cost

Installation & Setup Guide

• Download the EA file (.ex4 or .mq4)
• Open MT4 → File → Open Data Folder
• Navigate to MQL4 → Experts folder
• Paste the EA file into Experts folder
• Restart MT4
• Open AUDCAD, AUDUSD, or USDCAD chart (M5 recommended)
• Attach the EA to the chart
• Configure settings (lot size, risk, SL/TP)
• Enable Auto Trading
• Optional: Run on VPS for 24/7 operation.

Support & Disclaimer

Support

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

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Disclaimer: 

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.