FOREX BANK EA MT4 + SetFiles (Official version +1441)

What is FOREX BANK EA MT4

Forex Bank EA is a fully automated trading system developed for the MetaTrader 4 (MT4) platform—one of the most popular platforms in the forex trading world. This Expert advisor (EA) is designed to execute trades automatically based on pre-programmed trading strategies, eliminating the need for manual input. Forex Bank EA helps traders streamline their trading process, reduce emotional decision-making, and take advantage of consistent, rules-based trading in the forex market.

Key Benefits of Using FOREX BANK EA

• Automates trade execution

• Operates without human emotion

• Works 24/5 even when trader is offline

• Consistent performance through algorithmic logic

Core Features of FOREX BANK EA

🔻Trading Strategy

• Strategy type: Scalping, trend-following, or hybrid?
• How it identifies entries and exits
• Explanation of algorithmic trading behavior

🔻Risk Management Functions

• Built-in Stop Loss (SL) and Take Profit (TP)
• Adjustable risk levels and lot sizing
• Designed to minimize drawdown

🔻 Customization Options

Users can adjust settings based on:

• Trading style
• Risk appetite
• Market conditions

🔻Versatile Compatibility

• Supported Timeframes: Best for H1
• Supported Currency Pairs: XAUUSD (Gold), AUDCAD
• MT4 Terminal Build Compatibility

Forex Bank EA Reviews & Real-World Performance

• Forex Bank EA Review & Real-World Performance
• The Importance of Checking Verified Results on Myfxbook)
• Community Feedback on Stability, Support, and Reliability
• User Satisfaction Rating and Common Pros/Cons
• Developer Reputation and Update Frequency

FOREX BANK EA MT4 review

FOREX BANK MT4 review

What’s Included in the Package?

🔻Experts:

• FOREX BANK EA_fix.ex4
• FOREX BANK EA.ex4

🔻Presets:

• XAUUSD_H1_MaxDD.set
• XAUUSD_H1_30DD.set
• AUDCAD_H1_200$_MaxDD10%.set
• AUDCAD_H1_200$_MaxDD13%.set
• AUDCAD_M15_200$_MaxDD17%_VIP.set

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How To Set Up EA

FOREX BANK EA is a lightweight and risk-conscious Expert Advisor for MetaTrader 4, designed for capital preservation, minimal drawdown, and fully automated trading. Its simple configuration makes it ideal for beginners and prop firm traders.

FOREX BANK MT4 setting

🔵 Step 1: Installation Guide

1. Download the ForexBankEA.ex4 file.
2. Open your MetaTrader 4 (MT4) terminal.
3. Navigate to: File → Open Data Folder.
4. Go to: MQL4 → Experts.
5. Paste the EA file into this folder.
6. Restart MT4 or refresh the Navigator panel.
7. Attach the EA to any chart (recommended: major pairs like EURUSD or GBPUSD, H1 timeframe).

🔵 Step 2: Input Settings Overview

🔻Tip: This setting enforces a maximum 10% drawdown limit, making the EA prop firm-friendly.

🔵 Step 3: Strategy & Risk Management

• No visible strategy inputs: The EA likely runs on a server-side or internal algorithm.

• Fixed risk: No automatic lot scaling — you must manually adjust lot size if your account grows.

• Low Drawdown Focus: The 90% equity stop prevents large losses.

Conclusion

In conclusion, FOREX BANK EA MT4 is a smart, fully automated trading system designed for traders seeking consistent, low-risk performance on the MetaTrader 4 platform. With its built-in risk management functions, fixed-lot control, and strategic equity stop mechanisms, this EA is ideal for traders who prioritize capital preservation and disciplined trading—especially those preparing for prop firm challenges.

>>> Reviewed by Jason Stap <<<