Markets spend more time ranging than trending. That’s not a bug—it’s the game. Money Box Robot V1.0 (MT4) is built to capitalize on that reality by mapping boxes (ranges), waiting for a clean break, and entering on a measured retest with ATR-scaled risk. No wild martingale, no runaway grids; just a session-aware breakout engine that tries to turn “boring” consolidation into repeatable setups. If you like clear rules and calmer equity, you’ll vibe with this one.


Overview


Money Box Robot V1.0 MT4 is an automated breakout Expert Advisor for MetaTrader 4. It identifies sideways consolidation (“box”) over a configurable lookback, then trades the first high-quality break in your defined session (London, NY, or both). The EA prefers retests rather than raw breakouts, aiming to enter where risk is smaller and invalidations are obvious.



  1. Platform: MetaTrader 4 (MT4)

  2. Style: Box breakout + retest (not grid, not martingale)

  3. Pairs: Major FX pairs first (EURUSD, GBPUSD, USDJPY), optional XAUUSD once you’ve got stats

  4. Timeframes: M5–M15 for entries; M15–H1 for context

  5. Who it’s for: Intraday and prop-style traders who want structure, not guesswork


Core idea: Learn to love the box. Let the market show its hand; then trade the continuation with predefined risk and modest, statistical targets.


Key Features



  1. Automatic Box Detection
    Detects a consolidation range based on price compression (lookback candles + width threshold).

  2. Quality-Gated Breakouts
    Demands impulse conditions (body size, close location, tick velocity) before a break is considered valid.

  3. Retest Entry Logic
    Enters on the retest of the broken boundary to improve R:R and reduce whipsaw entries.

  4. ATR-Scaled Risk
    Uses ATR(14) multipliers to right-size stops/targets across quiet and volatile sessions.

  5. Partial TP + Breakeven
    Take partial at 1.0R (configurable), move SL to BE, and trail the remainder behind structure or EMA.

  6. Session Filters
    Trade only during London, NY, or both; optional block during low-liquidity windows.

  7. Spread & Slippage Guards
    If conditions worsen (widened spread, bad fills), the EA skips the trade—capital protection first.

  8. Daily Loss Stop & Caps
    Equity guardrails: daily loss stop, max trades per day, and max concurrent positions.

  9. Lightweight Code
    VPS-friendly, low CPU overhead for multi-chart deployments.


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How It Works (Plain English)



  1. Map the Box
    Over the last N candles, the EA finds a tight range meeting your width rules (e.g., max height vs ATR). This is your “money box.”

  2. Wait for Real Energy
    A candle closes beyond the box high/low with momentum (not a tiny poke). No momentum? No trade.

  3. Retest = Your Edge
    Price returns to the broken boundary. The EA looks for a micro-structure reclaim (wick rejection or small range break), then enters.

  4. Manage Risk Like a Pro
    Stop goes just beyond the retest structure ± ATR buffer. First target at 1R (partial), then BE and trail a runner for 1.8R–3R depending on volatility


Recommended Starter Settings



  1. Session: London 07:30–11:30 (local to London), optional NY 13:30–15:30

  2. Box Lookback: 20–40 bars (M5/M15)

  3. Max Box Height: 0.6–1.0 × ATR(14) (keeps it “tight enough” to matter)


Breakout & Entry



  1. Break Candle Quality: Body ≥ 60% of range; close outside box by ≥ 0.2 × ATR

  2. Retest Window: First retest within 5–12 candles after break

  3. Entry Trigger: Micro-reclaim of the level or small inside-bar break in breakout direction


Risk & Exits



  1. Risk per Trade: 0.25%–0.6% (prop-friendly), max 1% personal

  2. Stop: Retest swing ± 1.2–1.6 × ATR(14)

  3. TP1: 1.0R (take 40–60% off), move SL to BE

  4. Runner: Trail behind minor swings or 20-EMA; target 1.8R–3R typical


Quality Guards



  1. Max Spread: Pair-specific; e.g., ≤ 1.2 pips for EURUSD during London

  2. Max Slippage: 0.5–1.5 points depending on broker

  3. News Pause: 15–30 mins pre/post red events (CPI, NFP, rates)


Safety



  1. Daily Loss Stop: 2%–3%

  2. Max Trades/Day: 1–3

  3. Max Concurrent: 1 per symbol


Installation (MT4)



  1. Download Money-Box-Robot-V1.0.ex4.

  2. MT4 → File → Open Data Folder → MQL4 → Experts → paste file.

  3. Restart MT4 (or right-click Experts → Refresh).

  4. Drag the EA to your target chart (M5 or M15).

  5. Check Allow live trading and (optionally) notifications.

  6. Configure session hours, box settings, risk, ATR multipliers, and guards.

  7. Start on demo/VPS, confirm behavior matches backtests, then go live small.


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Three Playbooks You Can Run Tomorrow


1) London Box → Break → Retest (Textbook)



  1. Setup: Tight Asian box into London.

  2. Trigger: Strong break, quick retest, micro-reclaim.

  3. Manage: TP1 at 1R; trail for 2R+.


2) Fake-Out Flip (Trap & Go)



  1. Setup: First break fails back into box, trapping early chasers.

  2. Trigger: Opposite break with momentum, retest confirms.

  3. Manage: Faster partials; volatility can spike on flips.


3) Continuation Box (Mid-Trend Pause)



  1. Setup: Trend day forms a mini-box; you’re trading in the trend direction only.

  2. Trigger: Break + retest aligned with the higher-timeframe slope.

  3. Manage: Let the runner breathe—trend days can pay more than expected.


Risk Management (Non-Negotiable)



  1. Respect the daily loss stop. When it’s hit, you’re done—no “one more try,” coz that’s how accounts spiral.

  2. Correlation control. EURUSD + GBPUSD + EURGBP is not diversification.

  3. Size to the stop. If ATR expands, lot size must shrink to keep % risk fixed.

  4. Journal the truth. Record session, box height, ATR, spread at entry, slippage, R result. Your data ≠ your feelings.


Backtesting & Forward-Testing Tips



  1. Model Quality: Use 1-min/tick data and realistic spreads/slippage.

  2. Regimes: Test choppy weeks, trend weeks, heavy-news days.

  3. KPIs to Track: Box frequency, valid breakout %, retest fill rate, TP1 hit rate, avg R, max DD, trades blocked by guards.

  4. Expectations: Many days, one high-quality trade is enough. FOMO is the costliest indicator.


FAQ


Does it use martingale or grid?
No. Single-entry by default; there’s no built-in martingale/grid.


Minimum deposit?
Micro lots let you start small, but for realistic ATR stops, $200–$500 on majors is a practical floor. Always size by risk %, not balance alone.


Is it prop-friendly?
Yes, if you enable daily loss stop, trade caps, and keep risk ≤ 0.5% per trade unless your firm allows more.


Can it run on gold (XAUUSD)?
Yes—use wider ATR multipliers, stricter spread/slippage gates, and prefer M15/H1 context.


Conclusion


Money Box Robot V1.0 MT4 focuses on the most repeatable intraday story: markets range, break, and retest. You’ll get fewer but cleaner trades, consistent risk, and a workflow that’s actually coachable. Start on demo, lock down your session map, and let your journal guide tweaks. When the box prints and the break is real, you won’t need to guess—you’ll have a plan.


Happy Trading