Gecko EA V1.2 MT4

Introduction

Gecko EA V1.2 is an automated trading Expert Advisor for MetaTrader 4 designed to execute trades based on predefined market conditions. It’s built to reduce manual decision-making by handling entries, exits, and basic risk controls automatically, making it useful for traders who want a systematic approach on MT4.

Key Features

• Fully automated trading (auto entry + auto exit)
• Risk management options (fixed lot or risk-based sizing, depending on settings)
• Built-in Stop Loss & Take Profit (helps control downside and lock targets)
• Works across multiple pairs (commonly used on major FX pairs; depends on broker conditions)
• Trade filters (spread/time filters to avoid bad execution periods)
• User-friendly inputs (easy to adjust lots, SL/TP, max trades, trading hours)

Recommended Settings

• Platform: MT4
• Account type: ECN / Raw spread preferred
• Timeframe: M15 or H1 (start with H1 for cleaner signals)
• Pairs (suggested): EURUSD, GBPUSD, USDJPY (avoid very high-spread pairs)
• Risk: 0.5%–1% per trade (or small fixed lot on small accounts)
• Trading hours: London + New York sessions (avoid late low-liquidity hours)
• VPS: Recommended (stable execution + fewer disconnections)

Backtest Result

• Backtest performance depends heavily on spread, commission, slippage, and data quality.

• A typical “healthy” backtest profile would show:

  • Controlled drawdown (not extreme spikes)

  • Stable equity curve (less “lot jumping”)

  • Consistent trade frequency (not overtrading)

• Best practice: test on your broker’s realistic spread and run a forward demo test for 1–2 weeks before live.

Advantages

• Saves time by automating execution
• Removes emotional trading (rule-based decisions)
• Adjustable risk and trade filters
• Can be used for structured testing (demo → small live → scale)

Disadvantages

• Results vary by broker conditions (spread/slippage matters a lot)
• Can underperform during high-volatility news
• Needs optimization per pair/timeframe (not always “plug & play”)
• Over-optimization risk if you tune too much to past data.

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