OHLC EA MT4 V3 + SetFiles (Latest original version)

What is OHLC EA MT4?

In the fast-paced world of forex trading, automation is essential for achieving efficiency and accuracy. OHLC EA is a powerful Expert Advisor built around the proven principles of the Open-High-Low-Close (OHLC) trading strategy. This review explores the EA’s key features, trading performance, and overall capabilities—offering valuable insights for traders looking for a reliable, rule-based, and systematic forex trading solution.

Key Features of OHLC EA

🔺Classic OHLC Strategy Integration:

• Utilizes historical Open, High, Low, and Close price levels to identify high-probability trade setups.
• Ideal for traders who prefer structured, rule-based entry and exit signals.

🔺Multi-Timeframe Compatibility:

• Operates on M15, H1, H4, and Daily charts.
• Suitable for both short-term scalping and long-term position trading strategies.

🔺Advanced Risk Management Tools:

• Includes Stop Loss and Take Profit settings.
• Helps minimize drawdowns and optimize the risk-to-reward ratio.

🔺Data-Driven Trade Execution:

• Executes trades based on real-time and historical price data.
• Reduces emotional trading by applying a disciplined, analytical approach.

Why choose OHLC EA MT4?

🔺Proven and Time-Tested Strategy:

• Based on the widely respected OHLC methodology, trusted by professional traders.
• Enhances consistency and reliability in volatile market conditions.

🔺Versatility Across Timeframes:

• Allows users to customize the EA for various trading styles—scalping, swing trading, or trend following.

🔺Effective Capital Protection:

• Built-in SL/TP settings offer automated risk control.
• Enables traders to manage trades hands-free with disciplined risk management.

🔺Full MT4 Platform Compatibility:

• Seamless integration with MetaTrader 4 ensures fast execution, broker flexibility, and easy backtesting.

OHLC EA MT4 Performance Review

• Real-Time Alerts and Execution
• Provides trading signals and alerts to keep traders updated with market opportunities.
• Enhances decision-making and supports rapid execution.
• The latest official version offering improved performance, precision, and user interface.
• Optimized for stability and consistent profitability.

OHLC v3.0 MT4 review

What’s Included in the Download Package?

🔺Expert Advisor File:

• OHLC EA v3.0.ex4

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How To Set Up EA

🔺Install OHLC EA MT4 v3 for low-risk cent account trading. Uses trend filters, 1:1 TP/SL, breakeven, and soft Martingale. Ideal for EURUSD, GBPUSD in calm markets.

OHLC EA v3.0 MT4 setting

🔺Download & Extract Files

• Download the OHLC EA v3 package and unzip it to your device.

🔺Copy EA to MT4 Directory

• Open MetaTrader 4 → File → Open Data Folder → MQL4 → Experts
• Paste the OHLC EA file (.ex4 or .mq4) into the Experts folder.

🔺Restart MetaTrader 4

• Close and reopen MT4 to activate the EA.

🔺Attach EA to a Chart

• Open a cent account chart (e.g., EURUSD, GBPUSD, M15 or H1).
• Drag OHLC EA v3 onto the chart.
• Enable AutoTrading in MT4.

🔺Recommended Settings

• Start Lot: 0.01 (low-risk entry)
• Multiplier: 1.2 (soft Martingale scaling)
• Max Trades: 10
• Distance: 20 pips between trades
• TP/SL: 60 pips (1:1 risk-reward)
• Trailing Stop/Step: 30 / 5 pips
• Break Even Point: 50 pips (+10 pip SL step)
• Trend Filters: MA 100 & MA 200 for entry confirmation
• Magic Number: 515
• DeleteObject: true (cleans chart visuals)

🔺Start Trading

• The EA will trade automatically during active market hours, applying MA trend filters, breakeven logic, and mild Martingale recovery. Avoid using during high-impact news.

Conclusion

In summary, OHLC EA MT4 offers a robust and disciplined trading approach rooted in the classic Open-High-Low-Close (OHLC) strategy. By leveraging historical price levels and real-time market data, this Expert Advisor helps traders identify high-probability setups with precision. Its compatibility with multiple timeframes—from M15 to Daily—makes it adaptable to both short-term scalping and long-term trading strategies.
Designed with built-in risk management tools like Stop Loss and Take Profit, OHLC EA prioritizes capital protection and consistency. The EA’s integration with the MetaTrader 4 platform ensures smooth execution, strong backtesting capabilities, and universal broker support—making it a reliable choice for traders at all levels.

>>> Reviewed by Jason Stap <<<