Initial Balances EA v1.0 MT4 is an Expert Advisor (EA) designed for use on the MetaTrader 4 (MT4) platform. This EA typically utilizes the concept of Initial Balance (IB) as a strategy to automate trading based on significant price levels derived from a predefined time period, such as the first hour or first session of a trading day. The Initial Balance refers to the price range established at the beginning of a trading session, and this range is often used as a key indicator for future market movements.