AXL Lite EA MT4 — GBP/USD Prop Firm EA with 3.71 Profit Factor

AXL Lite EA is a MetaTrader 4 expert advisor that trades GBP/USD using a multi-position grid system across H1 timeframes, designed specifically for prop firm challenge accounts.

A 13-day FTMO evaluation on a $50,000 account reached a $3,161.72 profit at 6.32% gain — clearing the $2,500 target with a 3.71 profit factor and 82.14% win rate across 56 trades.

Key Benefits

• ✅ Prop Firm Verified: Passed a live FTMO $50K evaluation in 13 days — grid structure means correlated exposure if multiple positions stack during a trend reversal.

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• ✅ Strategy: Exploits short-term GBP/USD mean reversion on H1 using two independent sub-systems (AXL-1 and AXL-2), each capped at 10 trades — doubles opportunity but doubles exposure when both fire simultaneously.
• ✅ Risk Control: Friday close and Monday delayed open are hardcoded — eliminates weekend gap exposure, but removes any opportunity those sessions would have offered.
• ✅ Drawdown Compliance: Maximum daily loss held to -$907.07 (-1.81%) against a $2,500 daily limit — FTMO-rule-compliant throughout the tracked period.

AXL Lite EA Performance

The FTMO evaluation data below covers a 13-day live trading period (3 May – 16 May 2023) on a $50,000 MT4 account at HTTX Limited, trading GBP/USD. View signals

Performance Snapshot

AXL Lite runs two independent grid sub-systems (AXL-1 and AXL-2), each with a 10-trade maximum and a 30-pip step between entries. When GBP/USD moves against both systems simultaneously, open exposure can reach up to 20 stacked positions — the -$517.67 loss on 11 May across 13.73 lots illustrates this compounding effect in a single session.

This is a structural weakness of grid systems: it cannot be removed, only sized for. The MaxTrades cap at 10 per sub-system is the primary control — reducing this to 5 per system limits maximum simultaneous exposure to 10 positions. Post-mitigation return and drawdown figures at that configuration are not documented in available data and require your own demo testing to classify.

The LotExponent of 1.5 means each grid level scales position size — a five-step sequence at 0.01 base lots reaches approximately 0.08 lots at level five. At maximum depth on both systems, aggregate lot size per session can reach levels that exceed standard retail account margin on undercapitalized accounts.

This data covers a 13-day FTMO evaluation — too short to capture a full GBP/USD drawdown cycle or sustained trend conditions.

How AXL Lite EA Works

Mechanism: AXL Lite targets short-term price dislocations on GBP/USD H1 using two parallel grid sub-systems. Each sub-system independently identifies entry conditions and builds a position ladder with 30-pip spacing between levels — designed to average into moves that reverse, capturing profit when price returns to the basket’s breakeven or take-profit level.

Signal Trigger: Entry conditions are not publicly documented in available specifications. Two independent magic numbers (11111 and 12324) confirm the sub-systems trade separately, each capable of opening positions without the other being active.

Position Close: Each position targets a fixed 30-pip take profit. Friday positions close at 17:00 server time regardless of profit state — weekend gap protection is hardcoded and cannot be disabled per current settings.

Exposure Limits: MaxTrades is set to 10 per sub-system (20 total across both). Slippage tolerance is 3.0 pips per sub-system. An equity stop (UseEquityStop) is present in settings but currently set to false — this means no automatic equity-percentage circuit breaker is active in the documented configuration.

✅ Optimal conditions: Ranging GBP/USD with regular intraday reversions; sessions where price oscillates within a defined band and both sub-systems can close positions before new directional moves begin.

⚠️ Avoid when: Sustained GBP/USD trends without reversion — the grid will continue opening positions into the move, compounding exposure. Major GBP or USD fundamental events (BoE rate decisions, US NFP) can trigger directional moves that exceed the grid’s recovery capacity within the session.

This EA requires MT4. Need MT5 platform support? Browse MT5 EAs

Recommended Settings

Who Should Use AXL Lite EA

Purchase this EA if you:

• ✅ Run MT4 on a VPS with consistent uptime — Friday close at 17:00 server time must execute without interruption
• ✅ Have a $1,000+ account or are trading a prop firm challenge of $10,000 or above — the LotExponent 1.5 grid requires sufficient margin buffer to sustain maximum grid depth without a margin call
• ✅ Trade GBP/USD exclusively — this EA is configured for one pair and has no multi-pair logic in available settings
• ✅ Understand grid averaging: you accept that drawdown increases as the grid builds, and you do not close positions manually mid-sequence

Performance verified with: FTMO $50,000 evaluation account, MT4, HTTX Limited broker, GBP/USD H1, May 2023.

Product Download Package Includes

• ✅ Experts:
  • AXL Lite EA (.ex4)
• ✅ Setfiles:
  • FTMO $50K .set
  • LOW RISK.set

The download link will be sent to your email immediately after purchase, along with a video tutorial on how to install it.

Frequently Asked Questions