Barya EA V1.0 MT4

Introduction

Barya EA V1.0 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is designed to execute trades based on predefined algorithmic rules, aiming to provide disciplined and structured trading without emotional interference. The system analyzes market conditions such as trend direction, momentum, and volatility before placing trades, and it manages risk through built-in stop loss and take profit mechanisms. It is suitable for traders who prefer automation and systematic execution over manual decision-making.

Key Features

1. Fully Automated Trading
   Automatically scans the market, opens trades, and manages positions without manual input.

2. Structured Entry and Exit Logic
   Uses predefined rules for trade entries and exits to ensure consistency.

3. Built-In Stop Loss and Take Profit
   Every trade is protected with defined risk and reward levels.

4. Adjustable Risk Management
   Supports fixed lot size or risk percentage-based lot sizing.

5. Equity Protection
   Includes maximum drawdown and account protection settings.

6. Trade Management Controls
   May include trailing stop and maximum open trade limits.

7. MT4 Compatibility
   Designed specifically for MetaTrader 4 with wide broker support.

Recommended Conservative Settings

For safer operation, consider:

• Lot Size: 0.01 per $1,000 balance
• Risk Per Trade: 1–2%
• Maximum Open Trades: 1–3
• Equity Stop: 20–30% drawdown limit
• Moderate Stop Loss and Take Profit ratio
• Leverage: 1:100 or lower

These settings help control exposure and reduce drawdown risk.

Backtest Result

Backtest performance depends on:

• Currency pair selected
• Broker spread and execution
• Timeframe used
• Risk configuration

Under stable market conditions and conservative settings, backtests may show steady growth with manageable drawdown. However, performance may vary during high volatility or trending phases. It is strongly recommended to perform independent backtesting in MT4 Strategy Tester before live trading.

Advantages

1. Emotion-Free Execution
   Eliminates psychological trading mistakes.

2. Consistent Strategy Application
   Applies the same rules for every trade.

3. Customizable Risk Settings
   Flexible configuration for different account sizes.

4. Time Saving
   Reduces need for constant chart monitoring.

5. Capital Protection Features
   Includes equity and drawdown control mechanisms.

Disadvantages

1. Market Condition Sensitivity
   Performance may vary depending on trend or range phases.

2. Potential Drawdown
   Losing streaks and drawdowns are part of trading.

3. Broker Dependency
   Spread and slippage impact results.

4. Not a Guaranteed Profit System
   All automated trading carries inherent risk.

Installation & Setup Guide

Step 1: Download the EA file (.ex4 or .mq4).
Step 2: Open MT4 and click File → Open Data Folder.
Step 3: Navigate to MQL4 → Experts.
Step 4: Paste the EA file into the Experts folder.
Step 5: Restart MetaTrader 4.
Step 6: Open preferred currency pair chart and timeframe.
Step 7: Drag the EA from the Navigator panel onto the chart.
Step 8: Adjust input settings according to your risk tolerance.
Step 9: Enable AutoTrading.
Step 10: Test on demo before trading live.

Support & Disclaimer

Support

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

WhatsApp: Click here

Telegram Group: Join our community

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.