Introduction

Nefarious EA V4.8 for MT4 is an automated forex trading system designed to analyze market conditions and execute trades using algorithm-based logic. It focuses mainly on short-term trading opportunities such as scalping or intraday trades, aiming to capture small price movements with fast execution and disciplined risk control. The system operates fully automatically once activated on the MetaTrader 4 platform.

Key Features

Fully automated trading with no manual intervention
Algorithm-based entry and exit signals
Focus on scalping and short-term trades
Built-in risk management (stop loss and take profit)
Works best with ECN or low-spread brokers
Continuous 24/7 market monitoring
Customizable trading parameters
Fast execution optimized for MT4 environment

Recommended Settings

Timeframe: M1 or M5
Currency Pairs: EUR/USD, GBP/USD, USD/JPY
Lot Size: 0.01 per $1000 balance (adjustable)
Risk Level: 1%–3% per trade
Spread: Preferably under 1.5–2 pips
Broker Type: ECN or Raw Spread account
VPS: Strongly recommended for stability
Trading Sessions: London and New York sessions preferred

Backtest Result

Shows stable performance in low-spread environments
Works best in ranging and moderately trending markets
High trade frequency with quick in-and-out positions
Drawdowns may appear during high volatility or news events
Results vary depending on broker quality and tick data accuracy
Requires optimization for best long-term performance

Advantages

Fully automated and emotion-free trading
Fast execution suitable for scalping strategies
Works continuously without user monitoring
Customizable risk and trade settings
Suitable for both beginners and experienced traders
Helps diversify trading strategies
Saves time and reduces manual effort

Disadvantages

Strong dependency on broker conditions
Requires VPS for best performance
Not suitable for high-spread accounts
May struggle during news volatility
No guaranteed profits; drawdowns possible
Requires proper setup and optimization

Installation & Setup Guide

Download EA file (.ex4 or .mq4)
Open MT4 and go to File → Open Data Folder
Paste file in MQL4 → Experts folder
Restart MT4 platform
Attach EA to desired chart
Enable AutoTrading button
Configure settings (lot size, risk, SL/TP)
Allow DLL imports if required
Run on VPS for stable performance
Test on demo account 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.