Theofx EA MT4 with SetFiles | Unbounded

What is Theofx EA MT4?

Theofx EA MT4 is a professional automated scalping Expert Advisor designed for short-term trading with a strong focus on stability and risk management. It executes frequent trades using predefined rules, controlled order spacing, and adaptive position sizing to achieve consistent performance while maintaining balanced drawdown control.

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Main Features of Theofx EA MT4

• Automated Scalping Strategy: Executes short-term trades based on disciplined, rule-based logic.
• Built-In Risk Management: Uses fixed stop loss, take profit, and maximum order limits.
• Adaptive Position Sizing: Automatically adjusts lot size based on account equity and risk percentage.
• Trade Frequency Control: Applies time delays and spacing filters to reduce overtrading.
• Account Protection Logic: Limits the number of simultaneous open trades.
• Focus on Stability: Designed for controlled growth rather than aggressive trading.
• Professional Risk Control: Uses defined exit rules for long-term sustainability.

Additional Features

• Small TP & SL Structure: Targets quick profits with balanced risk-reward ratios.
• Controlled Order Spacing: Maintains safe distance between entries to manage drawdown.
• Trailing Stop Profit Locking: Secures gains when price moves favorably.
• Noise Reduction Timing: Avoids excessive entries during ranging or choppy markets.
• Risk-Based Lot Calculation: Supports percentage-based risk management.
• Adaptable to Account Size: Flexible settings for small and large trading accounts.
• Marketplace-Ready Design: Clear logic and transparent behavior suitable for public listings.

Why Choose Theofx EA MT4?

• Ideal for Scalpers: Optimized for fast execution on short timeframes.
• Stable Trading Behavior: Prioritizes consistency over high-risk profit chasing.
• Strong Capital Protection: Prevents uncontrolled exposure and trade clustering.
• Fully Automated Discipline: Removes emotional decision-making from scalping.
• Customizable Risk Settings: Traders can fine-tune risk to match their goals.
• Balanced Drawdown Control: Designed to protect equity during volatile conditions.
• Serious Trader Focused: Built for traders who value structure and reliability.

Theofx EA MT4 Backtest Results

🔺GBPUSD pair – 2 years 

• Initial Deposit: $10,000
• Total Net Profit: $9.55 million
• Win Rate (% of total): 99.04%
• Maximum Drawdown: 3.29%

Theofx EA MT4 Backtets

What’s Included in the Download Package?

• Experts: Theofx EA_fix.ex4
  
• SetFiles: Theofx_Signal.set

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How To Set Up EA

🔺 Theofx EA MT4 is an automated trading robot for MetaTrader 4 that uses a grid-based trading logic combined with fixed take profit, stop loss, and optional risk-percentage money management. Proper configuration is essential to control risk and achieve stable performance.

setting

Step 1: Install Theofx EA on MetaTrader 4

1. Open MetaTrader 4
2. Click File → Open Data Folder
3. Go to MQL4 → Experts
4. Copy Theofx_EA.ex4 / .mq4 into the folder
5. Restart MT4 or refresh the Navigator

Step 2: Attach Theofx EA to a Chart

• Supported pairs: Any major or volatile pair (broker-dependent)
• Recommended timeframe: M15 – H1
• Enable:
  • ✔ AutoTrading
  • ✔ Allow Live Trading
  • ✔ Allow DLL Imports

Step 3: Core Trading Parameters Explained

🔹 Take Profit & Stop Loss

• TakeProfit: 10
• StopLoss: 10

➡️Defines the profit and loss target per trade (in pips). Smaller values increase trade frequency but may raise spread sensitivity.

Step 4: Grid & Order Control Settings

• PipStep: 6
  → Distance (in pips) between grid orders
• MaxOrders: 10
  → Maximum number of open trades per cycle

➡️These settings control the grid density and overall exposure.

Step 5: Trailing & Time Filters

• TrailingStop: 30
  → Locks in profit once price moves favorably
• TimeToWait: 12
  → Waiting time (minutes or bars, broker-dependent) before opening new trades

➡️Helps reduce over-trading during ranging markets.

Step 6: Lot Size & Risk Management

🔹 Lot Configuration

• Lots: 0.6
  → Used only when fixed-lot mode is active

🔹 Risk-Based Money Management

• UseRiskPercent: true
• RiskPercent: 1.0
  → Risks 1% of account balance per trading cycle
• MaxOrderLot: 0.0
  → No hard cap on lot size (advanced users may set a limit)

➡️Using RiskPercent mode is recommended for better long-term account stability.

Step 7: Magic Number

• MagicNumber: 1234571490

➡️A unique identifier that allows Theofx EA to manage only its own trades. Do not use the same magic number on multiple charts.

Conclusion

In summary, Theofx EA MT4 is a professional automated trading robot built for traders who prioritize stability, structure, and disciplined risk management over aggressive profit-seeking. By combining rule-based scalping trading with controlled order spacing, fixed take-profit and stop-loss orders, and risk-based position size adjustments, the EA delivers stable short-term trading performance while controlling losses. Fully automated, highly configurable, and suitable for both small and large accounts, Theofx EA MT4 is an excellent choice for serious scalpers seeking a reliable, transparent, and sustainable long-term automated trading system on the MetaTrader 4 platform.

>>> Reviewed by Jason Stap <<<