The MG Pro EA for Metatrader 4 is an automated Forex robot that uses a proprietary trend trading system to open buy and sell trades on your behalf.
The expert advisor determines the most profitable trend direction and opens deals at optimal entry points.
The MG Pro EA made +192.44% gain in approximately 15 month with an acceptable 15.23% drawdown during this period.
The EA protects against excessive spreads (spread filter) and slippage.
All open trades are secured by a stop loss and take profit order.
If you like to trade with grid (risky), this option can be enabled for the EA’s inputs.
Test the MG Pro EA on a demo account first for 4-5 weeks before running it on a live trading account (recommended).
Free Download
Download the “MG Pro EA.ex4” expert advisor
Track Record
The MyFXbook chart below shows the MG Pro expert advisor trading performance (click on the chart to zoom in).
Key Points:
- Gain: +192.44%
- Monthly gain: 6.15%
- Drawdown: 15.23%
Download This Expert Advisor (MT4)
Download the “MG Pro EA.ex4” Forex robot
General Information & Recommendations
- Should work for any currency pair and Gold
- Deploy on time frames M5 and above
- Recommended minimum account balance: $200
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
Chart Example
The picture below shows the MG Pro EA attached to the USD/JPY 15-minute time frame.
EA Input Parameters
Buy, sell, time frame, bar shift, time start, time end, use grid, grid pips, exit by reverse, slippage, spread filter, spread alert, magic number, number of open orders, use trailing stop, close by pips profit, profit in pips, lot multiplier, lot increase, balance step
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the MG Pro EA robot 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 MG Pro EA.ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart