What is IS New Project EA MT4?
The new EA MT4 project from IS is a low-risk, grid-based automated trading robot designed for MetaTrader 4, ideal for moderately volatile and narrow-ranging markets. It features wide order spacing for risk control, fixed mini lot sizes for safer entry points, and flexible exit strategies with both fixed take profits and dynamic stop losses. Equipped with a volatility filter, high spread tolerance, and an on-screen dashboard, the EA MT4 offers precise trading control and real-time performance monitoring.
Core Features of IS New Project EA
🔻 Grid Strategy with Wide Spacing
- Large order step sizes for controlled exposure
- Works well in range-bound and moderate volatility markets
🔻 Low-Risk Entry
- Fixed small lot size suitable for small accounts
- Designed for safe trading with minimal drawdowns
🔻 Flexible Exit Strategy
- Fixed Take Profit for quick gains
- Dynamic trailing stop to secure extended profits
🔻 Volatility Filtering
- Filters out bad trade setups using average bar % and minimum bar size
- Avoids highly volatile conditions
🔻 Wide Trading Hours
- Operates most of the day
- Avoids market open/close volatility
Additional Functional Features
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Visual Customization: Color-coded buy/sell lines, chart text, and background
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On-Screen Dashboard: Real-time performance tracking
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High Spread Tolerance: Works even with larger spreads
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Minimum Profit Filter: Ensures trades close with a set minimum profit
Why Choose IS New Project EA?
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Precision control with configurable parameters
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Advanced profit-locking system
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Adapts to various market conditions
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Beginner-friendly semi-automatic design
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Clear and customizable chart visuals
Performance Results
1. Live MyFxBook Results:
🔻Verified performance on real USD accounts
- Total Gain: +787.45%
- Daily Gain: 4.05%
- Monthly Gain: 787.45%
- Drawdown: 6.65%
2. Backtest Results:
- Initial Deposit: $34.06
- Net Profit: $55.37
- Win Rate: 95.35%
- Max Drawdown: 7.59%
What is included in the package?
- Experts: IS New Project EA.ex4
- Presets: New Project.set
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How To Set Up EA
🔻The IS New Project EA MT4 is a highly customizable Expert Advisor designed for precision trade management using distance-based order placement, trailing stop control, and profit targeting. Below is a complete breakdown of its configuration and how it impacts trading performance.
How to Install & Configure IS New Project EA MT4 (Quick Guide)
🔻Step 1 – Install the EA
- Open MetaTrader 4 (MT4).
- Go to File → Open Data Folder → MQL4 → Experts.
- Copy the IS New Project EA MT4 file into the Experts folder.
- Restart MT4 and refresh the Navigator panel.
🔻Step 2 – Attach to Chart
- Open a Gold (XAUUSD) or high-volatility forex pair chart.
- Drag IS New Project EA MT4 onto the chart.
- Enable Allow Live Trading and turn on AutoTrading.
🔻Step 3 – Recommended Settings
- Lot Size: 0.01 (low-risk start).
- Minimum Profit: 0.5 (currency).
- Take Profit: 3000 points.
- Distance Between Orders: 20000 points.
- Step Between Orders: 1000 points.
- Trailing Stop: 3000 points (start at 1000 points).
- Volatility Filter: Min Bar Size 3500, Average Bar % = 55.
- Max Spread: 3000 points.
- Trading Hours: 02:00 – 23:00 server time.
- Magic Number: 2025.
🔻Step 4 – Monitor & Optimize
- Use the Info Panel to track performance in real-time.
- Adjust grid distance and trailing stop for changing market volatility.
- Avoid trading outside major market sessions for better execution.
Conclusion
In summary, IS New Project EA MT4 is a low-risk, grid-based automated trading robot optimized for range-bound and moderately volatile markets. With wide order spacing, fixed mini lot sizes, and advanced volatility filtering, it delivers precise risk control and consistent profits. Verified Myfxbook results show +787% total gain with only 6.65% drawdown, backed by a 95% win rate in backtests. User-friendly and highly customizable, it’s ideal for traders seeking stable, transparent, and adaptable automated trading.
>>> Reviewed by Jason Stap
