IS Orange EA Source Code MQ4 with SetFiles (Available)

What is IS Orange EA?

IS Orange EA is an advanced Expert Advisor (EA) designed to deliver a balanced approach to both profitability and risk management. Featuring dual configuration options, this EA is highly flexible and adaptable, catering to both retail traders and prop firm challenges. The standard version is perfect for individual retail accounts, while the specialized version is tailored to meet the specific requirements of prop firm evaluations.

• Vender Website

About the Developer

•  Author: InvestSniper.
•  Experience: Over +8 years of experience on MQL5.
•  Notable Products: 
•  Flagship Product: IS Orange EA is the best performing product.

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IS Orange EA Overview

Key Features of IS Orange EA

♦️Dual-Version Optimization:

• Provides both a standard version for retail traders and a prop firm version tailored to meet prop firm rules.
• Flexibility to adapt to different trading goals and capital requirements.

♦️Strict Risk Control:

• The EA uses low-risk settings per trade to minimize exposure and ensure capital protection.
• Key features include strategic grid spacing and dynamic trailing stop to secure gains.

♦️Dynamic Trailing Stop:

• Locks in profits as market moves favorably, ensuring the best possible gains during trending price movements.

♦️Strategic Grid Spacing:

• Optimized grid spacing between orders prevents overtrading and helps control drawdown.

Additional Features of IS Orange EA

♦️Time-Based Trading:

• Avoids trading during early spreads and market rollovers, reducing swap costs and slippage.
• Trades only during specific hours, minimizing risks from low-liquidity periods.

♦️Higher Timeframe Filtering:

• The prop firm version adds higher timeframe filters to confirm stronger trade setups, ensuring higher-quality entries.

♦️Flexible Profit Targets:

• The standard version targets smaller profits for quicker gains, while the prop firm version has larger profit targets to provide a better risk-to-reward ratio.

♦️Execution Frequency Control:

• Controls execution frequency, ensuring a disciplined trading approach by reducing overtrading and unnecessary entries.

Why Use IS Orange EA?

♦️High Adaptability:

• The dual-version optimization makes IS Orange EA suitable for both retail traders and prop firm traders, providing maximum flexibility.
• Adjusts to different account sizes and trading goals.

♦️Enhanced Risk Control:

• Strict risk management through low-risk settings, dynamic trailing stop, and strategic grid spacing ensures capital protection.
• Ideal for traders who want to grow their accounts steadily without risking large drawdowns.

♦️Optimized for Prop Firms:

• The prop firm version is specially designed to help traders meet prop firm challenge criteria, focusing on strict risk rules and consistent profits.

♦️Steady and Safe Growth:

• Focuses on safe growth through a balanced approach to profitability, making it suitable for traders seeking consistent and reliable performance.

IS Orange EA Performance Review

🟢XAU/USD Performance (MyFxbook Results)

• Shows massive long-term gains with consistent monthly growth and low drawdowns.
• Initial Deposit: $100
• Total Gain: +376,018.75%
• Daily Gain: 0.83%
• Monthly Gain: 28.24%
• Maximum Drawdown: 6.79%
• Proven Track Record: Live performance verified on XAU/USD (Gold).
• Signal MyFxBook: View here

IS Orange EA Myfxbook Results

IS Orange EA Myfxbook Signal Results

What’s Included in the Download Package?

🔶 Source Code MQ4:

• IS Orange EA.mq4
•  IS Orange EA (PROP Firm).mq4

🔶 Experts:

• IS Orange EA.ex4
• IS Orange EA (PROP Firm).ex4

🔶 Presets:

• Orange_Prop.set

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How To Set Up EA

🔻The IS Orange EA (PROP Firm) is a specialized Expert Advisor for MetaTrader 4 (MT4), designed for prop firm traders who aim to achieve consistent performance while managing risk effectively. This EA is highly customizable, offering traders the flexibility to adjust key parameters based on their trading preferences and risk tolerance.

IS Orange EA setting

🟥Step 1: Download IS Orange EA (PROP Firm)

• Obtain the IS Orange EA (PROP Firm) file from the official source or a trusted platform compatible with MetaTrader 4 (MT4).

🟥Step 2: Install the Expert Advisor (EA)

1. Open MetaTrader 4.
2. In the File menu, select Open Data Folder.
3. Navigate to the MQL4 folder, then into the Experts folder.
4. Copy the downloaded IS Orange EA (PROP Firm) file into the Experts folder.

🟥Step 3: Activate the EA

• Restart MetaTrader 4.
• Go to the Navigator window (Ctrl+N).
• Under Expert Advisors, locate IS Orange EA (PROP Firm).
• Drag the EA onto the chart of the selected currency pair.

🟥Step 4: Configure Key Parameters for Optimal Trading Performance

• Lot: 0.01 (micro lot for low-risk entry)
• StopLossPercent: 4% (auto-close trade if the loss exceeds 4% of the account balance)
• TakeProfit: 20 pips (target for short-term, quick profit)
• Trailing Stop: 20 pips (locks in profits once the trade moves 20 pips in your favor)
• TimeStart: 02:00 & TimeEnd: 23:00 (operates within these active market hours)
• PipsStep: 20 pips (only trades after 20 pips price movement in the desired direction)
• OpenTime: 15 minutes (delays new trades by 15 minutes for better analysis)
• BigTimeFrame: 5 minutes (analyzes the 5-minute chart for decision-making)
• Magic: 0.0 (no unique magic number used; trades can be manually managed)

🟥Step 5: Enable Automated Trading

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

Conclusion

In summary, IS Orange EA stands out as a highly flexible and well-balanced Expert Advisor, offering dual configurations to cater to both retail traders and prop firm traders. Its adaptive nature ensures that it meets the unique requirements of various traders, making it an ideal choice for those looking to optimize their trading strategies. The standard version delivers steady profits for retail traders, while the prop firm version is tailored to meet the strict risk management and consistency criteria of prop firm challenges. With advanced features like strict risk control, dynamic trailing stops, strategic grid spacing, and higher timeframe filtering, IS Orange EA provides a reliable and safe trading environment. The EA’s time-based trading ensures that trades are executed during optimal market conditions, avoiding slippage and unnecessary risks. Its ability to adjust lot sizes, manage drawdowns, and provide flexible profit targets makes it an ideal tool for traders aiming for consistent growth without taking on excessive risk.

>>> Reviewed by Jason Stap <<<