IS Black EA Source Code MQ4 (Available)

What is IS Black EA?

IS Black EA is a professionally developed Expert Advisor designed to deliver steady growth through a balanced approach of profitability, risk control and grid-based flexibility. Ideal for traders looking for a disciplined and automated trading solution, this EA combines structured setups with a focus on account security and long-term performance.
Using a controlled grid trading system and conservative risk parameters, IS Black EA minimizes the risk of losses while aiming for steady profits. Its advanced configuration allows traders to benefit from market volatility without compromising capital preservation.

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About the Developer

•  Author: InvestSniper.
•  Experience: Over +8 years of experience on MQL5.
•  Notable Products: IS Black EA, IS White EA, IS Grey EA, IS Blue EA, IS Green EA, IS Red EA, IS Red EA and other advisors. 
•  Flagship Product: IS Black EA is the best performing product.

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IS Black EA Overview

Key Features of IS Black EA

🔻Conservative Risk Settings:

• Default risk: 1% per trade
• Fixed Stop Loss: 5%, ensuring controlled exposure

🔻Fixed Take Profit:

• 500-point TP per position
• Designed for strong profit potential while minimizing trade duration

🔻Grid-Based Strategy with Limits:

• Controlled grid system (up to 20 orders)
• Grid spacing: 20-point steps to reduce drawdown and overtrading

🔻Dynamic Trailing Profit:

• Activates once trade is profitable
• Locks in profits as the market moves favorably
• Helps improve reward-to-risk ratio

Additional functions of IS Black EA

• Strategic Spacing: Minimum pip step of 8 pips improves trade structure

• Time-Based Trading: Only trades during 02:00–23:00 to avoid poor execution during low-volume hours

• Unique Magic Number: Ensures no conflict with other EAs

• Professional Configuration: Ideal for seasoned traders or long-term portfolios

Why choose IS Black EA?

• Capital Safety First: 1% risk & 5% SL help protect trading accounts

• Consistent Returns: Fixed TP and dynamic trailing profit ensure steady gains

• Smart Timing: Avoids volatile trading hours to ensure better fills and spread control

• Controlled Grid System: Prevents runaway loss from unlimited grid expansion

• Designed for Disciplined Trading: Ideal for professional strategies, not random speculation

IS Black EA Verified Performance (Myfxbook)

🔻 Real Account Results (2 Months Live):

• Platform: MetaTrader 4
• Leverage: 1:500
• Initial Deposit: $6,000
• Total Gain: +346.82%
• Daily Growth: 0.11%
• Monthly Growth: 346.82%
• Maximum Drawdown: 37.51

IS Black EA Myfxbook Results

IS Black EA Myfxbook Live Results

What’s Included in the Download Package?

• Experts: IS Black EA.ex4
  
• Source Code MQ4: IS Black EA.mq4

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How To Set Up EA

🔻IS Black EA is an MT4 Expert Advisor designed for medium-risk grid trading. It uses trailing logic, defined stop losses, and controlled order stacking to generate consistent profits while maintaining relatively tight risk management. This quick guide will walk you through installation and setup, while keeping SEO best practices in mind.

IS Black EA Source Code MQ4 setting

🟢 Step-by-Step Installation Guide

🔻Download the EA File

• Ensure you have the ISBlackEA.ex4 or .mq4 file downloaded.

🔻Open MetaTrader 4

• Launch MT4 and log in to your trading account.

🔻Access the Data Folder

• Click File → Open Data Folder → Go to MQL4 → Experts.

🔻Paste the EA File

• Copy the IS Black EA file into the Experts folder.

🔻Restart MT4

• Close and reopen MetaTrader 4 to load the Expert Advisor.

🔻Attach EA to a Chart

• Drag IS Black EA from the “Navigator” panel onto your desired chart (recommended: major pairs, M15 or H1 timeframe).

🔻Enable AutoTrading

• Ensure the AutoTrading button is green.
• A smiley face should appear in the top-right corner of the chart.

🔻Configure EA Settings

• Open “Inputs” and review key parameters:
• Risk: 0.01 → 1% of account equity per trade.
• StopLossProcent: 5.0 → EA closes trades if equity drawdown hits 5%.
• TakeProfit: 500 → Larger TP for grid-based profits.
• Step: 20 → Grid order spacing in pips.
• StepTraIlProfit: 20 → Trailing starts after 20 pips profit.
• MaxOrdersInGrid: 20 → Maximum trades open at once.
• TimeStart: 2.0 | TimeEnd: 23.0 → Restricts trading to specific hours.
• PipsStep: 8 → Controls grid density.

🔻Use a VPS

• For optimal performance and 24/5 uptime, run IS Black EA on a reliable VPS.

Conclusion

In summary, IS Black EA is a powerful and professionally engineered Forex Expert Advisor tailored for traders seeking steady growth, disciplined risk control, and long-term profitability. Developed by InvestSniper—an MQL5 expert with over 8 years of experience—this EA stands out for its controlled grid trading system, fixed stop loss, and dynamic trailing profit, making it suitable for both strategic short-term trades and long-term portfolio management. With a proven Myfxbook track record showing over +346% total gain in just 2 months, IS Black EA combines intelligent trade execution with a focus on capital preservation. Its 1% default risk, 500-point take profit, and limited grid structure (up to 20 orders) ensure that traders can benefit from market volatility while minimizing exposure to excessive drawdowns.

>>> Reviewed by Jason Stap <<<