GhostyFX EA MT4 Unbounded

What is GhostyFX EA MT4?

GhostyFX EA MT4 is a conservative automated trading system designed for traders who prioritize stability, capital preservation, and strict risk control.
Instead of chasing aggressive profits, GhostyFX focuses on disciplined execution, controlled exposure, and long-term consistency, making it ideal for cautious traders, beginners, and those testing automated strategies.

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Main Features ofGhostyFX EA MT4

• Fixed Lot Execution: Trades with a stable and predefined lot size, ensuring predictable exposure and consistent risk per trade.
• Strict Spread Filter: Avoids opening trades during high spread or low-liquidity conditions, helping reduce unnecessary costs and slippage.
• Auto Cut-Loss Protection: Automatically limits losses using built-in protection rules to safeguard account equity.
• Trade Cooldown System: Prevents overtrading by enforcing cooldown periods during fast or unstable market phases.

Additional Features

• Non-Martingale Logic: No grid, no lot multiplication, and no aggressive recovery methods — designed to minimize drawdown risk.
• Time-Based Trading Window: Focuses trading activity during calmer market sessions to improve execution quality.
• Price-Driven Entries: Uses internal price logic without aggressive trend chasing or risky assumptions.
• Conservative Exposure Model: Trades selectively rather than frequently, prioritizing quality over quantity.

Why Choose GhostyFX EA MT4?

• High Stability Focus – Built for smooth equity curves and controlled growth.
• Strong Risk Control – Multiple safeguards reduce the chance of large losses.
• Beginner Friendly – Simple structure, ideal for small accounts or strategy testing.
• Long-Term Oriented – Designed for consistency, not short-term speculation.
• Marketplace-Ready EA – Suitable for users seeking a safe and disciplined automated solution.

GhostyFX EA MT4 Backtest Results

GhostyFX EA MT4 Backtest

🔺XAUUSD –3 months

• Initial Deposit: $1.000
• Total Gain: $48.281,96
• Win Rate (% of total): 89.75%
• Maximum Drawdown: 1.52%

GhostyFX EA Backtest

🔺XAUUSD –3 months

• Initial Deposit: $10.000
• Total Gain: $55.901,93
• Win Rate (% of total): 90.43%
• Maximum Drawdown: 0.35%

GhostyFX MT4 Backtest

What’s Included in the Download Package?

• Experts: GhostyFX EA_fix.ex4

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How To Set Up EA

🔺 GhostyFX EA is a conservative and safety-focused Expert Advisor designed for traders who prioritize risk control, session filtering, and stable execution over aggressive strategies. By combining auto cut loss protection, trade cooldown logic, spread control, and time-based filters, the EA minimizes exposure to unfavorable market conditions.
Follow the instructions below to correctly install and run GhostyFX EA_fix on MetaTrader 4 for stable and controlled automated trading.

setting

Step 1: Install the Expert Advisor

1. Open MetaTrader 4 (MT4)
2. Click File → Open Data Folder
3. Navigate to:
   MQL4 → Experts
4. Copy GhostyFX EA_fix.ex4 / .mq4 into the Experts folder
5. Restart MT4

Step 2: Open a Trading Chart

1. Open the currency pair you want to trade (recommended: major pairs or gold, depending on strategy)
2. Select the recommended timeframe (commonly M5 – M15, depending on broker conditions)
3. Make sure no conflicting EAs are running on the same chart

Step 3: Attach the EA to the Chart

1. Drag GhostyFX EA_fix onto the chart
2. In the settings window:
   • Enable Allow Live Trading
   • Enable Allow DLL Imports (if required by your broker)
3. Click OK

Step 4: Configure Core Trading Parameters

🔺Trade Parameters

• Lot Size: 0.01 (safe for small accounts)
• Max Spread: 40
• Magic Number: 51412

➡️These settings ensure stable execution and prevent trades during unfavorable spread conditions.

Step 5: Risk Control & Safety Features

🔺Auto Cut Loss

• Enable Auto Cut Loss: TRUE
• Maximum Loss per Cycle: $20

➡️This function automatically closes trades when losses exceed the defined amount, protecting the account from deep drawdowns.

🔺Trade Cooldown

• Enable Trade Cooldown: TRUE
• Cooldown Time: 1 minute

➡️This prevents overtrading and rapid re-entries after a position is closed.

Step 6: Averaging & Trend Filters

• Averaging Multiplier: DISABLED
• Trend Filter: DISABLED
• Trend Timeframe: 15 Minutes (inactive unless enabled)

➡️This configuration prioritizes simple, controlled trading without aggressive martingale or trend stacking.

Step 7: Trading Time & Day Filters

➡️The EA is configured to trade Monday to Friday, with the same session window each day:

• Trading Days: Monday → Friday
• Trading Time: 00:00 – 11:00 (Broker Server Time)

➡️This avoids low-liquidity periods and late-session volatility.

Step 8: Final Checks Before Running

• Enable AutoTrading in MT4
• Confirm the smiley face appears on the chart
• Monitor the EA during the first trading session
• Use a VPS for uninterrupted execution

Conclusion

In summary, GhostyFX EA MT4 is a conservative and safety-focused Expert Advisor designed for traders who value capital preservation, stability, and strict risk control. With features such as fixed lot execution, spread and session filtering, auto cut-loss protection, and a trade cooldown system, it delivers disciplined and controlled automated trading without relying on martingale, grid, or aggressive recovery strategies. Ideal for beginners, cautious traders, and long-term automation, GhostyFX EA MT4 offers a reliable solution for achieving consistent performance with minimal drawdown.

>>> Reviewed by Jason Stap <<<