Exol Idol 4 EA V2.1 MT4

Introduction

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.

Key Features

• Trend-Following Scalping Strategy — Identifies and trades only in the direction of confirmed trends.
• Risk Management Tools — Each trade uses fixed Stop Loss, Take Profit, and Trailing Stop for controlled outcomes.
• No Risky Methods — Avoids martingale or grid averaging tactics; focused on disciplined trading.
• Multi-Pair Support — Works on major forex pairs like EURUSD, GBPUSD, USDJPY, EURGBP, GBPJPY, EURJPY.
• Automated Execution — Runs 24/5 when attached to MT4 with AutoTrading enabled.

Recommended Settings

• Timeframe: M5 (5-minute chart) — common for scalping strategies.
• Account Type: ECN or Standard with low spreads.
• Lot Size: Start small (e.g., 0.01–0.05) and scale with equity.
• Leverage: 1:100–1:500 (broker dependent).
• Max Spread: Configure a maximum spread threshold to avoid volatile conditions.
• VPS Hosting: Recommended for stable 24/7 execution.

Backtest Results

Backtests conducted on variants of Idol EA MT4 show:

• Turning $300 into ~$900+ on pairs like EURUSD/GBPUSD with disciplined risk.
• Some extended tests report higher profit factors and consistent equity growth with low drawdowns, depending on settings and timeframe.

 Advantages

• Automated trend scalping with risk controls (no martingale).
• Suited for multiple major currency pairs.
• Works fully automatically once set up.
• Backtests show promising growth curves with controlled drawdown potential.

Disadvantages

• Performance depends heavily on broker spread/conditions.
• Scalping EAs are sensitive to latency and slippage without VPS.
• Past backtest performance doesn’t guarantee live outcomes.
• Lack of official verified results for V2.1 makes results uncertain.