If you're on the hunt for an MT4 expert advisor that combines technical rigor with simplicity, Marvelous EA V1.10 might be exactly what you’re looking for. Built with a focus on precision entries and disciplined exits, Marvelous EA keeps things straightforward—avoiding over-complication, while providing a set of rules that help you stay on track. Whether you’re scalping, trading intraday, or even going for a swing approach, this EA has been designed to automate your trading, but with a touch of elegance and simplicity.


What Is Marvelous EA V1.10 MT4? (Overview)


Marvelous EA V1.10 MT4 is a rule-based automated trading system designed to trade on MetaTrader 4. It focuses on high-probability trade setups by combining a trend-following strategy with strict risk management. The EA can be used on multiple timeframes (including M5, M15, M30, H1) and has specific entry conditions based on a mix of price action, momentum, and trend filters.



  • Built for versatility: Works on major forex pairs like EURUSD, GBPUSD, USDJPY, and XAUUSD (gold).

  • Risk-focused trading: Keeps your losses under control with configurable stop-losses and take-profits.

  • High adaptability: Works for scalpers, intraday traders, and swing traders alike.


Who it’s for: Traders who prefer to trade with clear logic and structure, relying on an EA to automate their decisions and avoid overthinking. This EA is great for those who want to maintain discipline in their trading without falling into emotional decisions.


Key Features (What Makes It Marvelous)



  • Trend Following Logic
    Marvelous EA employs a trend-following system that focuses on high-probability trades based on market momentum and price action signals. It uses a combination of moving averages, trend indicators, and key support/resistance levels to catch trades in the direction of the prevailing trend.

  • Dynamic Stop Loss & Take Profit
    The EA adjusts stop loss and take profit levels dynamically based on market volatility. It also provides options to use fixed pip stops or ATR-based stops to manage risk more effectively.

  • Breakeven & Partial Close
    Once a trade is in profit, Marvelous EA will automatically adjust the stop to breakeven once it reaches a certain profit threshold. Additionally, the EA supports partial closes to secure some profits while letting the remainder run.




  • Session Filters
    Set the EA to only trade during your preferred trading sessions (e.g., London, New York) to avoid trading during low liquidity hours or major news events.

  • Risk Management
    Marvelous EA offers detailed risk management features, including adjustable lot sizing, fixed percentage risk, and the option to set a max drawdown limit for the day to preserve capital.

  • Clear Order Comments & Logging
    All trades are clearly labeled for easy tracking, and the EA provides detailed logs so you can track its performance and tweak settings as needed.

  • Easy to Use
    With its straightforward interface and minimal configuration, you can get started quickly without needing to dive deep into the technical side of things.


Suggested Settings (Perfect Starting Point)


Risk Settings:



  • Risk Per Trade: 0.5% to 1% of your balance. Start small and adjust based on your live results.

  • Lot Size: Use fixed lot sizes or risk-based lot calculation for more control over trade size.

  • Stop Loss: Fixed SL of 30–50 pips for intraday or 100–200 pips for swing trading.

  • Take Profit: Dynamic TP based on ATR or fixed TP targets between 1:1 to 2:1 risk-to-reward ratio.


Timeframes:



  • Scalping (M5, M15) for quick trades with tighter SL/TP.

  • Intraday (M30, H1) for smoother market moves with more room for fluctuations.

  • Swing Trading (H1, H4) for holding trades over longer periods.


Pairs:



  • EURUSD, GBPUSD, USDJPY — the major pairs that are liquid and have predictable behavior.

  • XAUUSD (Gold) — excellent for trend-following systems but requires wider SL due to volatility.


How It Works (Step-by-Step Strategy)



  1. Trend Confirmation
    Marvelous EA first checks for the overall trend by analyzing multiple indicators (e.g., moving averages, trend-following indicators, and price action analysis). The system ensures that trades are aligned with the dominant market direction.

  2. Entry Signals
    Once the trend is confirmed, the EA waits for a price action signal or momentum shift (breakouts, pullbacks, or reversals) to trigger a trade.

  3. Stop Loss and Take Profit Setup
    The EA automatically sets a stop loss based on ATR or a fixed pip distance. The take profit is also dynamically calculated based on current market volatility and potential market targets.

  4. Breakeven Protection
    Once the trade is profitable by a specified amount, the EA will move the stop to breakeven, locking in no loss if the trade turns against you.

  5. Partial Close
    If the market moves in your favor, the EA can close a portion of the position at a predefined profit level, leaving the rest to run for further profit.

  6. Exit Conditions
    The EA will exit the trade once it hits the take profit, or stop loss level. Additionally, if the trend reverses or the market becomes too volatile, the EA may exit early.


Installation & First Run Setup (Step-by-Step)



  1. Copy the EA file
    Place Marvelous_EA_V1.10.ex4 into MQL4/Experts in your MT4 platform directory.

  2. Restart MT4
    Or right-click Experts in Navigator → Refresh to load the EA.

  3. Enable Algo Trading
    Make sure the AutoTrading button is green on the MT4 toolbar.

  4. Attach to Chart
    Open the chart for your desired pair (e.g., EURUSD M15) and drag the EA onto it.

  5. Adjust Inputs
    Configure inputs based on your risk preferences, trading style, and timeframe (e.g., Risk Per Trade, Lot Size, Stop Loss/Take Profit).

  6. Enable AutoTrading
    Confirm that the EA is running properly with trade signals appearing on your chart.



Backtesting & Forward Testing Tips


Backtest Setup



  • Use historical data that covers at least 12-18 months.

  • Include periods of high volatility and major market shifts (news events, economic reports).

  • Set the spread and slippage to your broker’s realistic costs to ensure you aren’t backtesting under ideal conditions.


Forward Testing



  • Start with micro lots or a demo account for at least 2-3 weeks.

  • Evaluate the EA’s performance during different market conditions, including low-volume periods (e.g., holidays) and high-impact news events.


Evaluate Metrics



  • Profit Factor > 1.5 for a stable return on risk.

  • Max Drawdown within acceptable limits (e.g., under 20%).

  • Win Rate can vary, but it should stay above 40% for a balanced system.


Prop-Firm Friendly Guidelines



  • Risk Per Trade: Keep it under 1% to meet prop firm rules.

  • Max Daily Loss: Set daily drawdown limits based on your firm’s guidelines.

  • Avoid News Events: Pause trading 15–30 minutes before and after major reports (NFP, CPI, FOMC).

  • Position Size: Ensure no over-exposure by restricting the number of simultaneous trades.


Troubleshooting Quick Fixes



  • No trades generated? Check your session hours and spread/slippage gates—ensure the EA can actually find good conditions.

  • Hit stop loss often? Check your risk-to-reward settings and consider using wider stops during volatile periods (e.g., Gold).

  • Too many trades? Tighten the entry conditions or increase the ATR multiplier for stops to avoid overtrading.


FAQ


Is this EA fully automated?
Yes, it automatically opens, manages, and closes trades based on predefined conditions.


Can I use it for scalping?
Yes, but spread and execution speed are critical for scalping—use a fast ECN broker.


Will it work on other pairs?
It’s optimized for major pairs (EURUSD, GBPUSD, USDJPY) but can be adapted to others like XAUUSD with slight adjustments.


Do I need a VPS?
For scalping and fast execution, a VPS is recommended.


Risk Disclaimer


Trading Forex/CFDs involves substantial risk. Past performance does not guarantee future results. Only trade money you can afford to lose. Always validate the system on demo or with small live lots before scaling.


Call to Action


Ready to automate your trades with precision and control? Download Marvelous EA V1.10 MT4, configure your settings, and start testing with a demo account. Keep risk low, adjust as you go, and scale once you have consistent, positive results.


Download: (Insert download link for the EA here)
Support: For questions, leave a comment below or contact our support team for assistance.


Happy Trading