INDICEMENT EA MT4 V1.2 with Setfiles

What is Indicement MT4?

Indicement MT4 is an advanced automated trading system engineered specifically for major indices (US500, US30, NAS100), utilizing a 15-year proven breakout strategy while strictly avoiding Grid and Martingale methods. The EA shows profit factors of 1.70-1.81 in backtests with 3-7% controlled drawdowns, though live performance demonstrates significant variation including cases with over 65% drawdown alongside substantial gains.

• Vendor website: Click here

About the Indicement MT4’s Author

Created by Wim Schrynemakers, a Russian developer with more than 11 years of established experience on the MQL5 platform. His extensive background in algorithmic trading system development is reflected in the EA’s professional design and rigorous testing approach, particularly for prop firm trading environments.

Key Takeaway

• Strategic Foundation: Breakout trading system focusing on support/resistance levels across three major US indices, employing multiple concurrent strategies to distribute risk and minimize single-strategy dependencies

• Trading Mechanism: Detects key price breakout opportunities and executes multiple trades simultaneously using up to 4 different strategies per index, with integrated news filtering for NFP events to avoid high-volatility periods

• Risk Management System: Comprehensive protection through stop loss, take profit, trailing mechanisms, and event-based filters, though effectiveness heavily depends on proper risk preset selection and user understanding of breakout trading volatility

• Performance Data: Backtests demonstrate 1.70-1.81 profit factors with maximum drawdowns of 3.23-6.91%, while live accounts show mixed results from 13% steady growth to 451% gains with 65.89% drawdown, emphasizing critical importance of risk setting selection

• Core Limitations: Strategy susceptible to false breakouts in ranging markets and entirely dependent on US indices behavior, requiring solid understanding of breakout trading principles and acceptance of inherent market volatility risks

Recommendations for Indicement MT4

• Trading Platform: MetaTrader 4 (MT4) – primary supported platform

• Trading Instruments: US500, US30, NAS100 indices only – specifically designed for these markets and not suitable for Forex or other assets

• Optimal Timeframe: H1 (1-hour) charts – strategy calibrated for this specific timeframe

• Trading Hours: 24/7 automated operation with configurable Friday closure and NFP news event filtering

• Leverage Considerations: Standard broker leverage acceptable – higher leverage magnifies both profit potential and loss risk, requiring proportional capital management

• Capital Requirements: Minimum deposit not specified in documentation – higher balance strongly advised for proper risk distribution across multiple strategies and adequate margin protection

• Account Types: Compatible with standard accounts, specialized prop firm settings available for funded trading challenges

Indicement MT4 Review

Indicement MT4 provides a systematic breakout approach for indices trading with integrated risk controls, though results vary dramatically based on risk configuration choices. The EA addresses emotional trading challenges through automation while introducing the critical need for proper parameter selection to prevent excessive capital exposure.

Backtest Performance Overview:
• 2022-2024 Prop Settings: 146K profit with 3.23% max drawdown

• Extended Period: 4.8M profit with 6.91% max drawdown

• Profit Factor Range: 1.70-1.81 consistently
• Recovery Factors: 13.71-33.66 across tests

Live Account Results:
• Demo Account: 451% gain with 65.89% drawdown exposure

• Live Performance: 13% growth with 14.5% drawdown over 38 weeks

• Win Rate: 61.5% successful trades

Why Choose Indicement MT4

• Proven Strategy Foundation: 15-year breakout methodology with transparent approach and no hidden risky techniques, though success depends on proper market timing and breakout identification skills

• Comprehensive Risk Options: Multiple pre-configured settings from conservative to aggressive with prop firm features, but incorrect selection can lead to significant capital loss as demonstrated in live results

• Multi-Strategy Architecture: Up to 4 simultaneous strategies per index for risk diversification, though this complexity requires proper configuration knowledge and ongoing performance monitoring

• Professional Development: Over 11 years of proven MQL5 experience with thorough testing protocols, yet real-world performance remains highly sensitive to market conditions and user parameter choices

• Prop Firm Compatibility: Specialized features for funded account challenges with unique execution adjustments, though success requires disciplined risk management practices beyond EA functionality alone

Conclusion

Indicement MT4 delivers a professional breakout trading solution with solid theoretical foundation but highly variable practical outcomes based on risk parameter selection. Best suited for experienced indices traders who understand breakout dynamics and can properly configure risk settings; beginners should exercise extreme caution due to demonstrated potential for substantial drawdowns.

INDICEMENT EA MT4 Download Packages:

• Link download experts:
  • INDICEMENT EA MT4.ex4
• Presets:
  • Indicement_extreme_low risk.set
  • Indicement_Prop firm set.set
  • Indicement_extreme.set
  • Indicement_high risk.set
  • Indicement_medium risk.set
  • Indicement_low risk.set

FAQs