IS Light EA v2.0 Source Code MQ4 with SetFiles (Available)

What is IS Light EA?

The IS Light EA is a sophisticated Expert Advisor (EA) designed with a conservative, low-risk trading strategy focused on steady growth and capital preservation. It utilizes a fixed lot size and stringent time filters while deliberately avoiding high-risk strategies such as Martingale and grid trading. With an emphasis on stability and safe performance, this EA is the perfect choice for risk-averse traders and those aiming for sustainable, long-term portfolio growth.

• Vender Website

About the Developer

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

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IS Light EA Overview

Key Features of IS Light EA

🔻Fixed Low-Risk Sizing:

• Uses a fixed lot size per trade to ensure minimal exposure, prioritizing capital protection at all times.
• Avoids large, risky positions that could lead to significant drawdowns.

🔻Strict Risk Management:

• Features a wide stop loss to give trades enough room to breathe while preventing excessive loss.
• Designed to minimize drawdowns and preserve capital during market fluctuations.

🔻Time-Based Filters:

• The EA avoids trading during illiquid market hours to prevent risks related to slippage and spread widening.
• Ensures optimal execution by trading only during the best market conditions.

🔻No Grid or Martingale:

• Unlike many other EAs, IS Light EA explicitly avoids Martingale and Grid strategies, which can lead to compounding risks over time.
• Focuses on safe, disciplined trading with low-risk exposure.

Additional Features of IS Light EA

🔻Trailing Stop Activation:

• Activates a trailing stop early to lock in profits as the market moves favorably, but also ensures trades are closed safely in volatile conditions.
• Allows for secure gains without letting trades run too long and risk reversal.

🔻Strategic Spacing:

• The EA employs large pip steps to space out positions, reducing the risk of overtrading and improving risk distribution across trades.
• Ensures that trades are not clustered too closely, which would increase exposure.

🔻Unique Trade Identifier:

• Every trade is assigned a unique magic number, preventing conflicts when using multiple EAs on the same account.
• Ensures seamless trading without interference from other automated strategies.

🔻Customizable Inputs:

• The EA comes with customizable settings that allow traders to adjust risk, trade management, and execution style to fit their personal trading preferences.

Why Use IS Light EA?

🔻High Capital Protection:

• The EA’s conservative risk settings ensure capital preservation, making it ideal for traders who prioritize safety over high-risk strategies.

🔻Consistent and Stable Performance:

• Focuses on steady, low-risk gains with minimal drawdowns, making it a reliable tool for long-term portfolio growth.

🔻User-Friendly for All Levels:

• Easy to use with fixed lot sizing and a simple strategy, making it suitable for beginners and experienced traders alike.

🔻Ideal for Risk-Averse Traders:

• Perfect for risk-averse traders who want consistent, stable returns and avoid the volatility of higher-risk strategies.

IS Light EA Performance Review

🟢 2022-2024 Performance:

• IS Light EA has shown steady performance over multiple years, optimizing trading for minimal risk and consistent returns.
• Initial Deposit: $1,000
• Total Gain: +1.03%
• Daily Gain: 1.27%
• Monthly Gain: 46.1%
• Maximum Drawdown: 3.39%
• Proven Success: Verified MyFxBook results show stable growth with very low drawdowns.

IS Light EA Myfxbook Results

IS Light EA Review

What’s Included in the Download Package?

➡️Source Code MQ4:

• IS Light EA.mq4
• IS Light EA 2.0.mq4

➡️Experts:

• IS Light EA.ex4
• IS Light EA 2.0.ex4

➡️Presets:

• Light_EURUSD.set
• Light_GBPUSD.set

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How To Set Up EA

🔻IS Light EA is a streamlined and efficient Expert Advisor for MetaTrader 4 (MT4), focused on providing an easy-to-use yet effective trading strategy. It is designed for traders who prefer a simple yet powerful automation system for their trading. Here is a detailed installation guide for the EA.

IS Light EA setting

🔴Step 1: Download IS Light EA 2.0

• Download the IS Light EA 2.0 file from the official website or a trusted provider compatible with MetaTrader 4 (MT4).

🔴Step 2: Install the Expert Advisor (EA)

1. Open MetaTrader 4.
2. From the File menu, select Open Data Folder.
3. In the MQL4 folder, open the Experts subfolder.
4. Paste the downloaded IS Light EA 2.0 file into the Experts folder.

🔴Step 3: Activate the EA

1. Restart MetaTrader 4.
2. Open the Navigator window (Ctrl+N).
3. Locate IS Light EA 2.0 under Expert Advisors.
4. Drag and drop it onto the chart of the selected currency pair.

🔴Step 4: Adjust Key Parameters for Optimal Performance

• Risk: 0.01 (1% risk per trade for careful capital management)
• UseManualLot: true (manual lot size for full control over trade exposure)
• Lots: 0.01 (micro lot size suitable for small accounts)
• SLforMinLot: 1000 pips (wide stop loss for smaller lot sizes)
• TakeProfit: 200 pips (targeting larger price moves over a longer time frame)
• Trailing Stop (Tral): 20 pips (locks in profits once market moves in your favor)
• Trailing Stop Start (TralStart): 2 pips (activates trailing stop after a small price movement)
• TimeStart: 02:00 & TimeEnd: 23:00 (operates during high liquidity hours)
• PipsStep: 1000 pips (trades triggered only after significant price movement)
• OpenTime: 1 minute (minimum time gap between trades to avoid hasty decisions)
• UseAddOrder: false (prevents additional orders once a trade is open)
• Magic: 2024 (unique identifier for EA’s trades)

🔴Step 5: Enable Automated Trading

• Make sure AutoTrading is enabled by clicking the AutoTrading button in MetaTrader 4.

Conclusion

In summary, IS Light EA is a highly effective Expert Advisor tailored for risk-averse traders who prioritize capital preservation and steady, long-term growth. By utilizing a conservative, low-risk strategy with fixed lot sizes, wide stop losses, and strict time-based filters, this EA ensures that trades are executed under optimal conditions while avoiding high-risk strategies like Martingale and grid trading. Its focus on stability and consistent, small gains makes it an excellent choice for traders who seek to grow their portfolios safely over time.

>>> Reviewed by Jason Stap <<<