Introduction

FXMachine EA V1.137 is a multi-currency Expert Advisor designed for MetaTrader 4. It uses standard technical analysis tools combined with its own signal interpretation to open a limited number of trades. The EA is programmed for major pairs including EURUSD, USDCAD, EURGBP and GBPUSD. It works on the EUR/USD pair with the M15 timeframe and is built to run fully automatically once configured.

Key Features

Multi-currency algorithm optimized for EURUSD, USDCAD, EURGBP and GBPUSD
Opens a maximum of 1–2 orders per confirmed signal
Adaptive exit logic that can close at profit, small loss or breakeven
Support algorithm that activates when trades remain open too long
Built-in drawdown control system that calculates stop-loss levels according to a user-defined maximum drawdown percentage
Beginner-friendly “All Auto” mode plus full manual parameter access
Compatible with any standard MT4 broker and recent platform builds
No special account conditions required

Recommended Settings

Platform: MetaTrader 4
Pair: EUR/USD (also supports USDCAD, EURGBP, GBPUSD)
Timeframe: M15
Mode: All Auto for simple setup
Max Drawdown: Start with a conservative value (commonly 15–35% depending on number of pairs traded)
Lot size: Begin with the smallest possible lot (0.01) until you understand the behavior
VPS: Recommended for continuous 24/5 operation
Always test thoroughly on a demo account with realistic spreads before any live use

Advantages

Fully automated multi-pair trading reduces the need for constant chart watching
Clear risk boundary through user-defined maximum drawdown percentage
Limited number of simultaneous orders helps keep exposure controlled
Flexible setup suitable for both beginners (Auto mode) and experienced users (manual parameters)
Works with standard MT4 brokers without special requirements

Disadvantages

Performance depends heavily on correct risk settings, broker conditions and market environment
Not suitable for complete beginners who have never installed or tested an EA
Requires a reliable VPS for uninterrupted operation
No trading system can eliminate risk; drawdowns and losing periods are possible
Results from backtests or live signals do not guarantee future performance

Conclusion

FXMachine EA V1.137 MT4 offers multi-currency automation with defined drawdown controls and limited order entries. It is suitable for traders who want to automate trading on EUR/USD (M15) and other major pairs while keeping risk parameters under their control. Proper demo testing, conservative risk settings and ongoing monitoring remain essential before considering live capital.

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.