EA Price Action v1.0 MT4 Source Code – Advanced MT4 Forex Trading Robot

EA Price Action v1.0 MT4 Source Code is an automated Forex trading Expert Advisor for MetaTrader 4 (MT4) built around a pure price action and market behavior strategy. This EA is designed for traders who want a simple but powerful logic, without relying on heavy indicators or complex calculations.

The EA analyzes raw price movement, market distance, and order behavior to make trading decisions, making it suitable for traders who believe in price-driven market structure.

Price Action Strategy – How This EA Works

EA Price Action v1.0 MT4 Source Code works by monitoring price movement distance and market continuation behavior rather than lagging indicators.

The EA follows this logic:

• Opens trades based on price movement and distance logic
• Uses a step-based price distance system to manage entries
• Can trade continuously in loops (cycles) when conditions remain valid
• Supports re-entry logic if price continues in the same direction

This approach allows the EA to capture short to medium price movements during trending or semi-ranging market conditions.

Trading Cycle & Loop System

One unique feature of EA Price Action v1.0 is its loop-based trading system:

• The EA can repeat trades for a defined number of cycles
• Helps maximize profit during extended price moves
• Traders can control how many loops the EA executes
• Trading can be turned ON or OFF automatically after a cycle ends

This makes the EA flexible for both scalping and intraday trading styles.

Lot Management & Risk Control

The EA offers two lot sizing modes, allowing traders to choose their risk style:

🔹 Fixed Lot Mode

• Uses a constant lot size (default 0.01)
• Suitable for beginners and small accounts

🔹 Multiplier Lot Mode

• Increases lot size using a multiplier
• Designed to recover previous trades
• Maximum trade levels are limited to reduce risk

Additional risk control features include:

• Maximum trade levels
• Adjustable distance between trades
• Custom Take Profit
• Optional Stop Loss

Trade Timing & Execution Control

EA Price Action v1.0 allows full control over trading time and execution:

• Can trade 24 hours or within specific time windows
• Automatically checks if trading is allowed by the broker
• Built-in protection for testing and live environments
• Unique Magic Number for safe multi-EA usage

On-Chart Trading Information Panel

The EA displays a real-time information panel on the chart, showing:

• Account number
• Leverage
• Server time
• Spread
• Account balance & equity
• Open orders count
• Profit / loss information

This helps traders monitor performance instantly without opening extra windows.

Technical Specifications

• EA Name: EA Price Action v1.0
• Platform: MetaTrader 4 (MT4)
• Strategy Type: Price Action / Distance-Based Trading
• Lot Types: Fixed & Multiplier
• Minimum Deposit: $300 (recommended)
• Timeframes: Works on all (M15–H1 recommended)
• Pairs: Any (low spread pairs recommended)
• DLL: Not Required
• Source Code: MQ4 Included

Who Should Use EA Price Action v1.0

This EA is suitable for:

• Traders who prefer price action strategies
• Users who want a simple but effective EA
• Small account traders
• Traders looking for non-indicator based robots
• Developers who want MT4 EA source code
• Users who want full control over risk and logic

Important Trading Notes

• Works best on low spread brokers
• Trending or semi-trending markets give better results
• Multiplier mode increases risk – use carefully
• Demo testing is strongly recommended before live trading

Why Choose EA Price Action v1.0

EA Price Action v1.0 focuses on market behavior instead of indicators, making it:

• Lightweight
• Fast in execution
• Easy to understand
• Customizable via source code
• Suitable for both manual and automated traders