EATradeATRPlus MT4 (Official version) | Unbounded

Product Overview

EATradeATRPlus MT4 is an automated Forex trading Expert Advisor (EA) developed for traders who want a systematic approach to trading the EUR/USD currency pair. The Expert Advisor uses an advanced trend-following algorithm combined with the Average True Range (ATR) indicator to support trade management and adapt risk parameters to changing market volatility.

According to its description, the trading algorithm has undergone extensive testing over several years. However, historical testing does not guarantee future profitability, and traders should independently evaluate its performance before using it on a live account.

One of the primary advantages of EATradeATRPlus MT4 is its integrated capital management system. Users can select a fixed trading lot size or enable automatic lot calculation based on their account balance.

With a minimum stated deposit requirement of $100, the EA offers a relatively low entry threshold for traders interested in automated Forex trading.

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About the Developer

• Author: Aleksej Osmirko
  
• Experience: Over 12 years of experience on MQL5.
  
• Notable Products:  EATradeATRPlus MT4 and other advisors.
• Flagship Product: EATradeATRPlus MT4 is rated as the best performing product of the year.

>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

Reviewed by Jason Stap <<<

Key Features of EATradeATRPlus MT4

1. Fully Automated Forex Trading

EATradeATRPlus MT4 is designed to automate trading activities on the MetaTrader 4 platform. Once installed and configured, the Expert Advisor can operate according to its built-in trading algorithm without requiring traders to manually execute every order.

This automated approach helps reduce the need for constant chart monitoring and encourages consistent execution of predefined trading rules.

2. Advanced Trend-Following Algorithm

The EA uses a trend-following trading strategy that aims to capture opportunities arising from directional movements in the Forex market.

Rather than depending on manual trading decisions, EATradeATRPlus MT4 follows algorithmic conditions to determine when to execute trades.

As with other trend-following systems, its effectiveness may vary depending on market conditions, particularly during sideways or highly volatile trading periods.

3. ATR-Based Stop Loss and Take Profit

A notable feature of EATradeATRPlus MT4 is its use of the Average True Range (ATR) indicator for trade management.

ATR measures market volatility, allowing traders to configure Stop Loss distances using volatility-based values.

The EA also provides a Take Profit parameter linked to the Stop Loss size, supporting a structured approach to setting trade exit levels.

4. Integrated Capital Management System

EATradeATRPlus MT4 includes configurable money management options to accommodate different trading preferences.

Traders can choose between a fixed lot size and automatic lot calculation based on their account balance.

The automatic lot sizing function uses the formula specified by the EA:

Lot Size = Account Balance / (100 × k)

The parameter k controls the automatic lot calculation, while setting k = 0 allows the EA to use the manually specified LOT value.

Traders should carefully configure these settings according to their available margin, account size, and risk tolerance.

5. No Martingale, Grid, or Arbitrage

EATradeATRPlus MT4 does not rely on Martingale, Grid, or Arbitrage trading techniques.

This is an important distinction for traders looking to avoid strategies that may increase exposure through repeated position sizing or multiple overlapping orders.

However, avoiding these methods does not eliminate trading risk or guarantee a low drawdown.

6. Customizable Trading Hours

The Expert Advisor provides settings that allow users to define when the system can begin and stop trading.

Using the st and en parameters, traders can configure a trading window according to their preferred schedule.

This feature offers additional flexibility when managing automated Forex trading activity.

How Does EATradeATRPlus MT4 Work?

EATradeATRPlus MT4 operates through an automated trading algorithm designed to identify trend-following opportunities on the EUR/USD currency pair.

After being attached to an MT4 chart, the Expert Advisor evaluates market conditions according to its internal trading logic and configured parameters.

The general trading process involves the following steps:

Step 1: Market Analysis

The EA monitors the EUR/USD market and evaluates trading conditions using its built-in trend-following algorithm.

Step 2: Trade Execution

When the algorithm identifies conditions that satisfy its trading rules, the Expert Advisor can automatically open a position.

Step 3: ATR-Based Risk Parameters

The system uses the configured ATR value and the slatr setting to determine the Stop Loss distance.

The tpatr parameter is used to calculate the Take Profit distance relative to the Stop Loss.

Step 4: Position Sizing

Depending on the configuration, the EA applies either a fixed lot size or automatically calculated lot sizing based on account balance.

Step 5: Trade Management

Each order is assigned a Stop Loss, while Take Profit settings provide predefined profit-taking levels.

Step 6: Trading Schedule Control

The EA follows the configured trading start and end hours, providing control over when new trading activity is permitted.

By combining automated execution with volatility-based trade management, EATradeATRPlus MT4 aims to provide a systematic Forex trading experience.

Why Choose EATradeATRPlus MT4?

EATradeATRPlus MT4 may appeal to traders looking for an automated EUR/USD trading solution with configurable risk controls.

Its combination of trend-following logic, ATR-based Stop Loss settings, and flexible lot sizing makes it suitable for traders who prefer rules-based strategies over discretionary trading.

One of its distinguishing characteristics is its avoidance of Martingale and Grid trading. Instead of relying on position-recovery techniques, the EA incorporates Stop Loss protection for individual orders.

The ability to configure automatic money management also makes the system adaptable to different account balances, although users must ensure that their settings remain appropriate for their risk tolerance.

Furthermore, the customizable trading schedule gives users more control over when the Expert Advisor operates.

For traders familiar with MetaTrader 4 and automated trading systems, EATradeATRPlus MT4 provides a focused trading tool centered on EUR/USD trend-following opportunities.

EATradeATRPlus MT4 Backtest Results

🔺EURUSD pair – 2020 – 2021

• Initial Deposit: $1,000
• Total Net Profit: $51,521.39
• Win Rate: 72,47%
• Maximum Drawdown: 26,72%

EATradeATRPlus MT4 EA Backtets

Risk Management & Alerts

Risk management is one of the most important considerations when using any automated Forex trading robot.

EATradeATRPlus MT4 includes several features designed to support structured risk control. Nevertheless, Forex trading involves substantial financial risk, and no Expert Advisor can guarantee consistent profits or prevent losses.

Stop Loss Protection

Every order opened by EATradeATRPlus MT4 is designed to include a Stop Loss.

The Stop Loss distance is configured using the ATR indicator and the slatr parameter, allowing it to reflect the selected volatility measurement.

However, Stop Loss orders may execute at a different price during periods of slippage, market gaps, or reduced liquidity.

Configurable Take Profit

The tpatr parameter determines the Take Profit distance based on the configured Stop Loss size.

This enables traders to customize trade exit levels according to their strategy preferences.

Automatic Lot Management

The EA supports automatic lot sizing through the k parameter.

This provides a way to adjust position sizes based on account balance, although it should not be assumed to maintain a fixed percentage of account risk.

Trading Session Control

The st and en parameters allow traders to set trading start and end hours.

This may help restrict trading activity to selected periods, although the exact time reference should be checked within the EA and broker environment.

Important Risk Alerts

Before activating EATradeATRPlus MT4 on a live account, traders should consider the following:

• Market Volatility: Sudden price changes can lead to larger-than-expected losses.
• Spread and Slippage: Trading costs and execution differences may affect performance.
• Leverage Risk: Excessive leverage can magnify losses, particularly on small accounts.
• Technical Interruptions: Internet outages, platform disconnections, or VPS failures can interrupt automated trading.
• Drawdown Risk: Even a strategy described as having low drawdown can experience significant losses under unfavorable conditions.
• Backtesting Limitations: Historical performance does not guarantee future trading results.

Note: The supplied product information does not confirm a built-in notification or alert system for email, mobile push notifications, or drawdown warnings. These features should not be assumed to be available.

EATradeATRPlus MT4 Input Parameters Explained

EATradeATRPlus MT4 provides several adjustable input parameters that allow traders to customize lot sizing, volatility settings, profit targets, and trading hours.

Traders should test different settings in the MT4 Strategy Tester and on a demo account before using real funds.

Pros and Cons of EATradeATRPlus MT4

Pros

• Fully automated Forex trading for MetaTrader 4.
• Trend-following algorithm designed for EUR/USD.
• ATR-based Stop Loss configuration.
• Configurable Take Profit levels.
• Integrated capital management functionality.
• Supports fixed and automatic lot sizing.
• Does not use Martingale, Grid, or Arbitrage strategies.
• Every order includes Stop Loss protection.
• Adjustable trading start and end times.
• Minimum stated deposit of $100.
• Compatible with VPS-based trading environments.

Cons

• Supports only the EUR/USD currency pair according to the available specifications.
• Requires MetaTrader 4.
• Performance depends on market conditions.
• Trend-following strategies may struggle in ranging markets.
• VPS hosting is recommended for continuous operation.
• Automatic lot sizing requires careful configuration.
• A $100 account may provide limited flexibility for managing trading risk.
• Independently verified live trading results have not been provided.
• No confirmed built-in alert or notification functionality.
• Historical testing cannot guarantee future profitability.

How to Install EATradeATRPlus MT4

Installing EATradeATRPlus MT4 follows the standard MetaTrader 4 Expert Advisor installation process.

Step 1: Download and Install MetaTrader 4

Download MetaTrader 4 from your Forex broker or another authorized source.

Install the platform and log in using your trading account credentials.

Step 2: Add the Expert Advisor File

Open MetaTrader 4 and select:

File → Open Data Folder → MQL4 → Experts

Copy the EATradeATRPlus EA file into the Experts folder.

The file will typically have an .ex4 or .mq4 extension.

Step 3: Restart or Refresh MT4

Restart MetaTrader 4 or refresh the Expert Advisors section in the Navigator panel.

Locate EATradeATRPlus in the list of available Expert Advisors.

Step 4: Open the EUR/USD Chart

Open a chart for the EUR/USD currency pair.

Choose a chart timeframe appropriate for the EA’s intended configuration. The official recommended timeframe was not included in the supplied specifications, so users should verify this before trading.

Step 5: Attach the EA to the Chart

Drag EATradeATRPlus from the Navigator panel onto the EUR/USD chart.

The Expert Advisor settings window will appear.

Enable the necessary automated trading permissions.

Step 6: Configure the Input Parameters

Open the Inputs tab and configure the available settings:

• LOT – Fixed lot size.
• atr – ATR configuration.
• slatr – Stop Loss setting.
• tpatr – Take Profit setting.
• k – Automatic lot calculation.
• st – Trading start hour.
• en – Trading end hour.

Review each parameter carefully before enabling the EA.

Step 7: Enable AutoTrading

Activate the AutoTrading or Algo Trading function in MetaTrader 4.

Verify that the Expert Advisor is enabled and that the platform does not display any configuration errors.

Step 8: Test on a Demo Account

Before using a live trading account, run backtests and evaluate the EA under demo trading conditions.

Pay particular attention to drawdown, execution quality, trading costs, lot sizing, and risk exposure.

Step 9: Consider VPS Hosting

A Virtual Private Server (VPS) is recommended for traders who want MetaTrader 4 to remain operational continuously.

A VPS can reduce interruptions caused by turning off a personal computer or losing a local internet connection, although it cannot prevent all technical failures.

What’s Included in the Download Package?

• Experts: EA Trade ATR Plus.ex4

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Final Thoughts – Is EATradeATRPlus MT4 Worth Considering?

EATradeATRPlus MT4 is a fully automated Forex Expert Advisor designed for traders interested in EUR/USD trend-following strategies.

Its key features include ATR-based Stop Loss management, configurable Take Profit levels, automatic position sizing, and customizable trading hours.

The absence of Martingale, Grid, and Arbitrage techniques may make it appealing to traders who prefer trading systems with predefined exit rules rather than recovery-based position management.

However, the effectiveness of EATradeATRPlus MT4 ultimately depends on its trading algorithm, market conditions, broker execution, and user configuration.

Although the developer describes the algorithm as extensively tested with low drawdown, independently verified live performance statistics were not supplied.

For traders considering this MT4 Forex robot, the most practical approach is to evaluate its behavior through historical backtesting, forward testing, and careful risk management before committing real capital.

Overall, EATradeATRPlus MT4 offers a focused automated trend-trading solution for MetaTrader 4 users who want configurable ATR-based trade management and an alternative to Martingale or Grid-based Forex robots.