Patriot EA V1.8 MT4

Introduction

Patriot EA V1.8 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is designed to analyze market trends, momentum strength, and volatility conditions before executing trades automatically. The system focuses on structured, rule-based trading with integrated risk management tools to promote disciplined execution and capital protection.

Key Features

1. Fully Automated Execution
   Automatically scans the market and executes trades based on predefined technical logic.

2. Trend-Following Strategy
   Aligns trades with the prevailing market direction to improve probability.

3. Momentum Confirmation
   Uses additional filters to avoid weak or ranging market conditions.

4. Built-In Stop Loss and Take Profit
   Every trade includes predefined protective exit levels.

5. Adjustable Risk Management
   Supports fixed lot sizing or percentage-based risk control.

6. Equity Protection
   Allows setting maximum drawdown or equity stop limits.

7. Dynamic Trade Management
   May include breakeven and trailing stop functionality.

8. MT4 Strategy Tester Compatibility
   Supports historical backtesting for performance evaluation.

Recommended Conservative Settings

For stable performance:

• Risk per trade: 1–2% of account balance
• Lot size: 0.01 per $1,000 as a conservative guideline
• Maximum open trades: 1–2
• Equity stop: 20–30%
• Moderate stop loss and take profit levels
• Leverage: 1:100 or lower

Conservative settings help reduce drawdown risk and improve long-term stability.

Backtest Result

Backtest performance depends on:

• Currency pair selection
• Market conditions
• Broker spread and execution
• Risk configuration

In trending markets, historical testing may show consistent growth with manageable drawdowns under conservative settings. During ranging or highly volatile phases, drawdowns may increase. Independent backtesting in MT4 Strategy Tester is recommended before live deployment.

Advantages

1. Eliminates Emotional Trading
   Executes trades mechanically without fear or greed.

2. Structured Risk Control
   Integrates stop loss, take profit, and equity protection.

3. Consistent Rule Application
   Applies identical logic across every trade.

4. Time Efficient
   Reduces need for constant chart monitoring.

5. Flexible Configuration
   Adjustable settings allow adaptation to different account sizes and risk levels.

Disadvantages

1. Market Condition Sensitivity
   Performance may vary between trending and ranging markets.

2. Drawdowns Are Inevitable
   Losing streaks are part of automated trading systems.

3. Broker Dependency
   Spread and slippage can affect results.

4. Not Risk-Free
   No automated system guarantees profits.

Installation & Setup Guide

Step 1: Download the EA file (.ex4 or .mq4).
Step 2: Open MetaTrader 4 and click File → Open Data Folder.
Step 3: Navigate to MQL4 → Experts.
Step 4: Paste the EA file into the Experts folder.
Step 5: Restart MetaTrader 4.
Step 6: Open your preferred currency pair and timeframe (commonly M15 or H1).
Step 7: Drag the EA from Navigator → Expert Advisors onto the chart.
Step 8: Adjust input parameters according to your risk tolerance.
Step 9: Enable AutoTrading.
Step 10: Test on a 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.