What is Needle EA MT4?
Needle EA MT4 is a Forex Expert Advisor for the MetaTrader 4 trading platform that focuses on trading breakouts of support and resistance levels. It uses pending orders to enter the market and employs a trailing stop to secure profitable positions. Needle EA is designed for precision trading on EURUSD with multiple timeframes, making it suitable for traders seeking automated breakout strategies with controlled risk management.
About the Developer
- Author: Alexander Pekhterev
- Experience: Over +10 years of experience on MQL5.
- Notable Products: Needle EA MT4, Alerts to Telegram MT4, Telegram Trading Signals MT4, Needle EA MT5, MTF Alligator MT4 and other advisors.
- Flagship Product: Needle EA MT4 is rated as the best performing product of the year.
>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).
Needle EA MT4 Overview
Main Features of Needle EA MT4
- Breakout Trading: Trades are executed on breakouts of key support and resistance levels.
- Pending Orders: Uses buy and sell pending orders to enter trades at optimal points.
- Trailing Stop Support: Secures profits by trailing open positions automatically.
- Multi-Timeframe Compatibility: Supports M5, M15, M30, and H1 timeframes.
- Precision Trading: Designed for 5-digit quotes to maximize accuracy.
- Low Capital Requirement: Can operate with a minimum deposit of $100.
- Optimized for Low-Spread Brokers: Recommended for brokers with low spreads and commissions.
Additional Features
- Flexible Risk Settings: Adjustable Risk % per trade or fixed lot size with FixLot.
- Magic Number Control: Unique identifier for all orders opened by the EA.
- Custom Stop Loss & Take Profit: Set specific pip values for trade management.
- Trading Time Control: Start and Finish times allow for restricted trading sessions.
- Trailing Step Adjustment: Customizable trailing step for dynamic profit protection.
- Level Shift Options: Adjust offsets for buy and sell levels to improve entry accuracy.
- ZigZag Support: Incorporates ZigZag settings for precise breakout detection.
Why Choose Needle EA MT4?
- Reliable Breakout Strategy: Focused on capturing high-probability support/resistance breakouts.
- Automated Risk Management: Trailing stop and Stop Loss minimize drawdowns.
- Timeframe Flexibility: Works effectively on multiple short and medium-term timeframes.
- User-Friendly Settings: Easy to configure with clear input parameters.
- Low Deposit Trading: Suitable for small accounts starting from $100.
- Professional Broker Compatibility: Optimized for ECN or low-spread brokers.
- Beginner & Expert Friendly: Ideal for traders who want automated precision without manual intervention.
Needle EA MT4 Backtest Results
🔺 EURUSD – over many years of trading
- Initial Deposit: $1,000
- Total Net Profit:Â $2.44 million
- Maximum Drawdown:Â 9.86%
Needle EA MT4 Backtests
Needle EA MT4 Backtest
What’s Included in the Download Package?
- Experts:
- SetFiles:
- Needle_EURUSD_$1K.set
- Needle1.7_EURUSD.set
- Needle1.7_EURUSD_2.set
- Needle1.7_EURUSD_no_trail.set
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Conclusion
In summary, Needle EA MT4 is a precision-focused Forex Expert Advisor designed for breakout trading on EURUSD. With its use of pending orders, trailing stops, and multi-timeframe support, it delivers automated, high-probability trades while maintaining strict risk management. Optimized for MetaTrader 4, low-spread brokers, and small accounts, Needle EA offers both beginners and experienced traders an efficient, reliable tool for capturing support and resistance breakouts. Proven backtests show strong profitability with controlled drawdowns, making it a top choice for automated Forex breakout strategies.
>>> Reviewed by Jason Stap <<<
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