Larry Fx EA MT4 + SetFiles | Unbounded

What is Larry Fx EA MT4?

Larry Fx EA MT4 is an automated forex trading robot designed for structured, low-risk trading using a ladder grid system. Focusing on capital protection and precise trade management, this EA opens, layers, and closes trades based on market pullbacks, making it ideal for traders seeking stable, consistent growth with controlled risk exposure.

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Main Features of Larry Fx EA MT4

• Tiered Grid System: Calculates order distance using FirstStep/Step/MinDistance for precise position layering.
• Controlled Averaging: Limits maximum orders per grid chain to maintain safety.
• Adaptive Lot Size: Uses K Lot for incremental, non-Martingale lot sizing.
• Drawdown Protection: Stops all trades when total drawdown reaches a preset limit.
• Trailing Profit Lock: Activates trailing stop after a defined profit threshold to secure gains dynamically.

Additional Features

• Counter-Trend Averaging: Captures market pullbacks in volatile conditions using stepwise grid logic.
• Fast Take Profit: Small, customizable stop-profit for frequent, low-risk wins.
• Fixed Trading Window: Operates during high-liquidity hours to improve execution efficiency.
• High Safety Structure: Minimal initial lots combined with strong drawdown control prevent over-leveraging.
• Funded Account Ready: Suitable for prop-firm challenges due to professional risk governance.

Why Choose Larry Fx EA MT4?

• Consistent Low-Risk Growth: Focuses on steady profits rather than high-risk speculation.
• Professional Risk Management: Drawdown protection and controlled averaging enhance safety.
• Adaptive & Flexible: Incremental lot sizing and dynamic profit lock optimize performance in different market conditions.
• Prop-Firm Compatible: Designed for funded accounts and long-term stability.
• Automated Convenience: Fully manages trades without manual intervention, saving time and effort.

Larry Fx EA MT4 Backtest Results

🔺XAUUSD – 11 months

• Initial Deposit: $10,000
• Total Net Profit: $79,750.95
• Maximum Drawdown: 6.04%

What’s Included in the Download Package?

• Experts: LARRY FX EA_fix.ex4
• SetFiles:
  • LARRY FX_H1.set
  • LARRY FX_M15.set

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How To Set Up EA

• Copy the EA File
  Place the EA (*.ex4 / .ex5) into:
  MQL4/Experts or MQL5/Experts folder of your terminal.
• Restart MetaTrader
  Refresh or restart MT4/MT5 to load the EA.
• Attach the EA to a Chart
  Open your desired symbol and timeframe → drag the EA onto the chart.
• Enable AutoTrading
  Make sure the platform’s “AutoTrading” button is enabled.
• Adjust Inputs (as shown in the image)
  Configure lot size, step distance, trailing stop, and risk parameters according to your strategy.
• Click OK
  The EA will start working immediately if conditions are met.

🔴Key Parameter Analysis

🔺Trading Directions

• Buy / Sell / FirstOrder: Enabled (true)
  → The EA is allowed to open both buy and sell positions, including initial orders.

🔺Trend & Entry Conditions

• OpenTrend: false
• MinDistance / Step / MinDistance1: 30–80 range
  → Indicates grid or step-based trading logic, not trend-following.

🔺Trade Volume Settings

• lot: 0.01
• PlusLot: 0.0
• K_Lot: 1.3
  → The EA may use lot-multiplier logic when grid orders are triggered.

🔺Risk Management

• MaxLoss: 100000.0
• StopProfit: 30.0
• StopLoss: 100000.0
  → Large max-loss values suggest the EA relies heavily on grid recovery.

🔺Magic Number

• Magic: 888
  → Identifies EA’s trades separately from others.

🔺Trailing Stop Parameters

• TrailingStop: 1
• TrailingStep: 0
• MinProfit: 10
  → Trailing is activated but quite tight, suitable for fast markets.

🔺Visual & Utility Settings

• text_color: Lime
• Display statistics & boundary information: Enabled
  → The EA shows visual info on the chart.

➤ LARRY FX EA is a Grid Expert Advisor designed to automatically place buy and sell orders with adjustable distances, lot multipliers, stop loss orders and risk parameters. The display configuration is optimized for gradual grid layering with the ability to adjust lot sizes and basic stop loss orders. Correct setup, correct lot size and understanding of grid system risk are essential for safe operation.

Conclusion

In summary, Larry Fx EA MT4 is a professional, ladder-grid-based forex EA that prioritizes capital safety, structured trading, and steady growth. With its tiered averaging strategy, adaptive lot sizing, dynamic profit protection, and prop-firm readiness, it provides traders a reliable tool for automated, low-risk, and consistent forex trading.

>>> Reviewed by Jason Stap <<<