The Money Pile EA for Metatrader 4 was designed to make automated profits in both ranging and trending currency markets.
This Forex robot takes advantages of trends, price breakouts and trend reversals that frequently occur in the financial markets.
Money Pile works best on time frames starting from 30-minutes and above.
In terms of profitability, the expert advisor made $1363.75 net profit from a $1500 initial deposit.
Expected monthly return will be 10% – 25% and depends on the chosen risk.
The EA can be used on unlimited trading accounts, both demo and live and should work on any time frame.
Recommended: test the Money Pile EA on a demo account first over an extended period of time before running it on a live trading account.
The strategy tester report below shows the Money Pile EA trading performance for the EUR/USD H1 chart (click on the chart to zoom in).
- Total net profit: $1363.75
- Short positions won: 73.62%
- Long positions won: 79.53%
Download This Expert Advisor (MT4)
General Information & Recommendations
- Designed to work best for the higher time frames (M30 and above)
- Should work for any currency pair (preferred 3 pips maximum spread)
- Recommended minimum account balance: $100
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
The picture below shows the Money Pile EA attached to the GBP/USD 30-minute chart using the default settings.
EA Input Parameters
Lots, pip step, money management, take profit, use stop loss, use trailing stop, trail start, trail stop
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the Money Pile 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 Money Pile EA .ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart