EA Mustang V3.3 MT4 is an expert advisor (EA) designed for MetaTrader 4. It employs an advanced algorithm to identify entry points, along with filters for market entry and exit. This non-curve-fitting EA is most effective during price consolidation stages, particularly on the EURUSD pair with an H1 timeframe. For those seeking reliable forex account management services, the Mustang V3.3 offers a strategic approach to trading without relying on strategies like grid, martingale, arbitrage, or tick scalping.

EA Mustang V3.3 MT4 is an expert advisor (EA) designed for MetaTrader 4. It employs an advanced algorithm to identify entry points, along with filters for market entry and exit.

EA Mustang V3.3 MT4: A Powerful Trading Robot

Overview

The EA Mustang V3.3 is an expert advisor (EA) designed for MetaTrader 4 (MT4). It employs an advanced algorithm to identify optimal entry points in the forex market. Here are the essential details:

Key Features

• Fine-Tuned Position Entry Rules: The EA Mustang carefully selects entry points based on its predictions of market movements.
• Smart Money Management: It dynamically adjusts position sizes to manage risk effectively.
• Protection Against Price Spikes: Integrated safeguards prevent losses due to sudden price fluctuations.

Minimum Deposit

• To start using the EA Mustang V3.3, you’ll need a minimum deposit of $500 (or equivalent in your account currency).

Time Frame

• The EA performs best on the H1 (1-hour) timeframe. It capitalizes on price consolidation stages, making it effective for both short-term and medium-term trading.

Currency Pair

• The recommended currency pair for the EA Mustang V3.3 is EUR/USD. Its strategy is specifically tailored for this pair.

Trading Strategy

The EA Mustang V3.3 utilizes a robust strategy that avoids common pitfalls such as grid trading, martingale, arbitrage, and tick scalping. Here’s how it takes trades:

1. Trend Following: The EA identifies prevailing trends using technical indicators (such as moving averages) and price patterns.
2. Breakout Entries: It enters trades during breakouts from consolidation zones. When price breaks above or below significant levels, the EA executes buy or sell orders.
3. Risk Management: The EA incorporates stop-loss and take-profit levels to manage risk. It aims for a favorable risk-to-reward ratio.
4. Dynamic Position Sizing: Position sizes are adjusted based on market volatility and account balance.

Recommended Settings

Here are the essential settings for configuring the EA Mustang:

• MMType: Choose between fixed lot size or dynamic lot based on equity.
• LotMultiplicator: Set the multiplier for lot size in dynamic money management.
• LotConst_or_not: Decide whether to use a constant lot size.
• RiskPercent: Specify the risk percentage of the account balance.
• TakeProfit: Set the take profit level in pips.
• Step: Determine the step level for adding new positions to a series.
• MaxTrades: Limit the maximum number of positions in a series.
• UseEquityStop: Enable or disable equity stop loss.
• TotalEquityRisk: Set the total equity risk when using equity stop loss.

Download and Installation

• Once downloaded, follow these steps:
  1. Open your MetaTrader 4 platform.
  2. Navigate to File > Open Data Folder > MQL4 > Experts.
  3. Place the EA file (ex4 format) in the Experts folder.
  4. Restart MT4.
  5. Drag the EA onto your desired chart (EUR/USD, H1 timeframe).

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Experts:

• EA_Mustang_v_3.3_fix.ex4