ROYAL MACHINE EA V1.0 MT4

Introduction

ROYAL MACHINE EA V1.0 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is designed to analyze market conditions such as trend direction, momentum strength, and volatility, then execute trades automatically based on predefined algorithmic rules. The system aims to remove emotional decision-making, enforce disciplined execution, and provide structured risk management for traders seeking consistent automation.

Key Features

1. Fully Automated Trading
   Automatically scans the market, opens trades, and manages positions without manual intervention.

2. Structured Entry and Exit Logic
   Trades are executed only when predefined technical conditions are met.

3. Built-In Stop Loss and Take Profit
   Every trade includes predefined protective levels to control risk and secure profits.

4. Adjustable Risk Settings
   Supports fixed lot size or percentage-based risk management.

5. Equity Protection
   Allows setting maximum drawdown or equity stop to protect capital.

6. Trade Management Controls
   May include trailing stop and maximum open trade limits.

7. MT4 Compatibility
   Designed specifically for MetaTrader 4 with support for backtesting and VPS deployment.

Recommended Conservative Settings

For safer and stable operation:

• Risk per trade: 1–2% of account balance

• Lot size: 0.01 per $1,000 (as a general guideline)

• Maximum open trades: 1–3

• Equity stop: 20–30% maximum drawdown

• Moderate stop loss and take profit ratio

• Leverage: 1:100 or lower

These settings aim to prioritize capital preservation over aggressive growth.

Backtest Result

Backtest performance depends on:

• Currency pair selection

• Market conditions

• Broker spread and execution

• Risk configuration

In trending markets, backtests may show steady growth with manageable drawdown when conservative settings are applied. During volatile or ranging conditions, performance may fluctuate. It is recommended to conduct independent backtesting in MT4 Strategy Tester before trading live.

Advantages

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

2. Consistent Strategy Application
   Applies identical logic across all trades.

3. Built-In Risk Management
   Includes stop loss and equity protection features.

4. Time Efficient
   Reduces need for continuous chart monitoring.

5. Customizable Risk Profile
   Adaptable to different account sizes and trading styles.

Disadvantages

1. Market Condition Sensitivity
   Performance may vary depending on trending or ranging phases.

2. Drawdown Risk
   Losing streaks and temporary drawdowns are possible.

3. Broker Dependency
   Spread and slippage can impact profitability.

4. Not a Guaranteed Profit System
   All trading carries inherent risk.

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.
Step 7: Drag the EA from Navigator → Expert Advisors onto the chart.
Step 8: Adjust input settings according to your risk tolerance.
Step 9: Enable AutoTrading.
Step 10: Test on demo before using on a live account.

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.