Introduction

Meta EA V4.0 MT5 is an automated trading Expert Advisor (EA) designed for MetaTrader 5 that executes trades based on predefined algorithms. It uses technical indicators, price action, or strategy logic to enter and exit trades automatically without manual intervention. Like other EAs, it can be tested using MT5 Strategy Tester on historical data before live trading.

Key Features

Fully automated trading (no manual execution required)
Works on MT5 platform with multi-symbol support
Customizable inputs (lot size, stop loss, take profit, etc.)
Strategy optimization and backtesting capability
Risk management features (SL, TP, trailing stop)
Fast execution using algorithmic logic
Compatible with VPS for 24/7 trading

Recommended Settings

Note: Actual settings depend on broker & pair

Timeframe: M15 / H1 (commonly used)
Currency pairs: EURUSD, GBPUSD (low spread pairs preferred)
Lot size: 0.01 per $100 balance (risk control)
Stop Loss: 30–100 pips
Take Profit: 50–150 pips
Max trades: 1–3 per pair
Use VPS: Recommended for stable execution

Backtest Result

Backtesting uses historical data to simulate EA performance
Reports include:
- Profit/loss
- Drawdown
- Win rate
- Equity curve
Good EAs usually show:
- Consistent equity growth
- Controlled drawdown (<30%)
Important: Past performance does NOT guarantee future results

Advantages

Eliminates emotional trading
Saves time (automated execution)
Can test strategies quickly using backtesting
Works 24/7 without fatigue
Reduces human error in trade execution

Disadvantages

Depends heavily on market conditions
Risk of over-optimization (curve fitting)
Requires proper settings & monitoring
Broker conditions (spread/slippage) affect performance
Not all EAs perform well in live trading

Installation & Setup Guide

Download Meta EA V4.0 file (.ex5 or .mq5)
Open MetaTrader 5
Go to File → Open Data Folder
Open MQL5 → Experts folder
Paste EA file into this folder
Restart MT5 or refresh Navigator
Drag EA onto chart
Enable “Algo Trading”
Adjust inputs (lot size, SL, TP)
Run on demo account first before live trading.

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.