As the name suggests, the Driver EUR/USD EA for Metatrader 4 is an automated Forex robot optimized to the trade the EUR/USD pair.
The EA works exclusively on the 5-minute time frame and its trade logic is based around moving averages, envelopes and the driver itself.
In essence, the EUR/USD trading robot takes advantage of short-term trends found on the M5 charts.
The expert advisor does not use any risky strategies, such as martingale and grid.
As can be seen from the MyFXBook analysis chart below, the Driver EURUSD EA made +426.18% gain in 14 month.
The EA can be used on unlimited trading accounts, both demo and live and should work on any time frame.
Recommended: test the Driver EUR/USD EA on a demo account first over an extended period of time before running it on a live trading account.
Free Download
Download the “EA Driver-EURUSD-M5.ex4” expert advisor
Track Record
The picture below shows the Driver EUR/USD EA MyFXbook analysis report for 14 month of trading (click on the chart to zoom in).
Performance Highlights:
- Gain: +426.18%
- Monthly gain: 11.9%
- Time frame: 5 minutes
Download This Expert Advisor (MT4)
Download the “EA Driver-EURUSD-M5.ex4” Forex robot
General Information & Recommendations
- Optimized for the Euro / U.S. Dollar
- Works for any currency pair
- Deploy on M5 charts
- Recommended minimum account balance: $50
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
Chart Example
The picture below shows the Driver EUR/USD EA attached to the EUR/USD 5-minutes chart.
EA Input Parameters
Maximum spread, start lot, take profit in money, magic
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the Driver EUR/USD EA in Metatrader 4?
- Open the Metatrader 4 platform and select “File” from the top menu
- Click on “Open Data Folder” and select the “MQL4” folder
- Click on “Experts” folder and drag and drop the EA Driver-EURUSD-M5.ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart