Ever feel like your EA chases moves a second too late… or way too early? Black Crow EA v1.0 for MT4 is designed to stop that whiplash. It’s a pattern-smart Expert Advisor that blends classic price-action sequences (think “crows vs soldiers,” impulse-pullback, break-and-retest) with volatility-aware risk so entries happen when structure and momentum actually agree. No martingale. No unlimited grid. Just clean, auditable logic that respects prop-firm rules and everyday brokerage realities.


Below you’ll find what Black Crow EA does, how it thinks, recommended pairs and timeframes, safe install steps, practical defaults, and a realistic plan to go from demo → small live → scale on proof. Straight talk only.


What Is Black Crow EA v1.0 (MT4)?


Black Crow EA v1.0 is a rules-driven MT4 Expert Advisor for intraday trading on liquid symbols. It watches for multi-candle pattern sequences (e.g., sequences akin to “three soldiers/crows” strength confirmation), validates with structure and momentum, then adapts risk using ATR-based stop-loss. Every trade carries hard SL/TP, with break-even and trailing logic to protect profits. Execution quality is guarded by spread/slippage filters and session windows so you avoid the ugliest fills.



  • Best symbols: EURUSD, GBPUSD, USDJPY, XAUUSD (Gold)

  • Timeframes: M5–M15 (active), M30–H1 (calmer)

  • Approach: Linear risk only — no martingale, no unlimited grid

  • Account type: ECN/Raw with tight spreads and fast execution


Key Features



  • Pattern-Smart Entry Engine – Confirms directional bias using multi-candle sequences plus structure (HH/HL for longs; LL/LH for shorts).

  • Linear Risk Profile – Each trade stands alone with a hard SL; no averaging into trouble.

  • ATR-Aware Stops – SL scales with volatility so your risk % stays consistent across regimes.

  • Break-Even & Trailing – Tighten risk once price confirms; let winners run, with rules.

  • Spread & Slippage Guard – Skips bad conditions during spikes or thin liquidity.

  • Session Filters – Focus on London/NY overlap or set your custom trade window.

  • Equity Protection – Max daily loss and overall equity stop to protect the account.

  • Magic Number Safe – Multi-chart trading without order conflicts.

  • VPS-Ready – Built for low-latency execution (target <20 ms to broker).



Recommended Environment



  • Minimum Deposit: $200–$500 to start (scale only on proof)

  • Leverage: 1:200–1:500 (follow your broker/prop rules)

  • Broker: ECN/Raw, tight spreads, fair commissions

  • VPS: Strongly recommended for M5/M15

  • Start symbols: EURUSD to learn behavior; add XAUUSD once comfortable


Performance Expectations (Realistic)



  • EURUSD M15/M30 – Often shows moderate, steady growth with controlled drawdowns when risk per trade is ≤1% and spread guard is respected.

  • XAUUSD M15 – Fewer but stronger runs; use wider ATR multipliers and lower risk (0.5–0.8%) to handle gold’s volatility.


Installation (MT4)



  1. Download the EA file (.ex4/.mq4).

  2. In MT4: File → Open Data Folder → MQL4/Experts → paste the file.

  3. Restart MT4.

  4. Open a chart (start EURUSD M15).

  5. From Navigator → Expert Advisors, drag Black Crow EA v1.0 onto the chart.

  6. Tick “Allow Algo Trading” and “Allow live trading.”

  7. Load the provided .set (EURUSD or XAUUSD profile).

  8. Press AutoTrading (green). Confirm the smiley is active on your chart.



Quick-Start Settings (Practical Defaults)


Risk & Protection



  • Risk_Percent: 0.50–1.00% per trade (start 0.7% on EURUSD; 0.5–0.7% on XAUUSD)

  • Max_Daily_Loss: 3–5% (EA disables itself for the day when hit)

  • Equity_Stop: 10–15% overall cap


Filters



  • Max_Spread: ≤15 points (EURUSD), ≤40–50 (XAUUSD) — calibrate to your broker

  • Slippage: 2–5 (lower if you have great execution)

  • Trade_Sessions: true; prefer London + NY overlap

  • If you don’t use a news API, block 15–30 mins around CPI/FOMC/NFP via time windows


Stops & Exits



  • SL_Mode: ATR (recommended)

  • ATR_Mult: 1.6–2.0 (EURUSD), 2.1–2.5 (XAUUSD)

  • TP_R_Multiple: 1.3–1.7R (aim repeatability, not lottery wins)

  • BreakEven_Trigger: +0.8–1.0R | BreakEven_Offset: 2–4 points (wider on Gold)

  • Trailing_Start: Start trailing ≥ +1.2R; keep trail modest to avoid noise knock-outs


Symbol Profiles (Examples)



  • EURUSD M15: Risk 0.7%, MaxSpread 15, ATR SL 1.8×, TP 1.5R, BE at +1R, trail from +1.2R

  • XAUUSD M15: Risk 0.5–0.7%, MaxSpread 45, ATR SL 2.3×, TP 1.4–1.6R, BE at +1R, trail a bit looser


How Black Crow v1.0 Thinks (Plain English)



  1. Pattern + Structure — Waits for multi-candle strength patterns that align with trend structure to avoid buying the very top or selling the very bottom.

  2. Volatility-Aware Risk — Uses ATR-scaled SL so your % risk stays stable in quiet vs wild regimes.

  3. Protection First — Moves to break-even and trails profits once price confirms, cutting losers fast.

  4. Quality Screens — Session/time filters plus spread/slippage guard keep entries out of the worst conditions.


Prop-Firm Notes



  • Keep risk ≤1% per trade (0.5–0.7% on Gold recommended).

  • Set Max_Daily_Loss to match your firm’s rule—or stricter.

  • Use hard SL on every order; no martingale/unlimited grid.

  • Trade liquid hours and respect news restrictions if applicable.


Troubleshooting & Tips



  1. Missed entries? Max_Spread likely too tight—relax slightly, but don’t go loose.

  2. Whipsaw losses? Raise ATR_Mult, trim TP_R_Multiple to 1.3–1.4R, stick to prime sessions.

  3. Slippage spikes? Use a low-latency VPS near your broker; avoid thin hours.

  4. Drawdown cluster? You probably traded through news or off-hours—tighten session windows.


FAQs


Does it martingale or grid?
No. Black Crow is strictly linear risk with a hard SL on every trade.


Can I run multiple charts?
Yes—assign unique Magic Numbers per symbol/timeframe.


Is VPS required?
Strongly recommended for M5/M15 and gold.


Which pair should I start with?
Begin with EURUSD M15 to learn the EA’s rhythm, then add XAUUSD.


Risk Disclaimer


Trading Forex/CFDs involves significant risk and may not suit every investor. You can lose all or more than your initial investment. Past performance does not guarantee future results. Always forward-test on demo, use strict risk controls, and trade responsibly.


Call to Action


Want a pattern-smart EA that respects risk and real-world execution? Install Black Crow EA v1.0 on MT4, run the EURUSD profile on demo for a couple of weeks, then go live small and scale only on consistent, repeatable data. Consistency beats excitement—every time.


Happy Trading