Monarchs Trade Machine EA MT4 V1.1 with Setfiles

What is Monarchs Trade Machine EA?

Monarchs Trade Machine EA is an automated trading system designed for MetaTrader 4 that combines volume analysis with movement statistics to execute trades across multiple currency pairs and Gold, explicitly avoiding high-risk Martingale or scalping strategies. This EA achieved a profit factor of 6.00 and generated $262,982 net profit from a $2,000 initial deposit in comprehensive backtests spanning 2016-2021.

• Vendor website : Click here

Key Takeaway

• Overview: Fully automated Forex robot offering three trading strategies (Conservative, Medium, Aggressive) with smart dynamic lot sizing and customizable “Drying” protection system for drawdown management

• Trading Strategy: Employs proprietary volume-based analysis combined with market movement statistics to identify trading opportunities, operating independently from economic news events across 8 currency pairs plus Gold on H1 timeframe

• Core Algorithm: Utilizes the author’s 7-year proven trading method that analyzes market volume patterns and statistical movements to generate entry signals, enhanced by intelligent risk management features

• Key Benefits: Offers news-independent trading with customizable risk levels, though users must accept the proprietary “black box” nature of the core strategy and potential parameter sensitivity

• Verified Performance: Backtests show profit factors ranging from 3.52 to 6.00 with maximum drawdowns of 3.09% to 16.7%, demonstrating strong performance alongside significant equity fluctuations during unfavorable market periods

• Primary Risks: Strategy opacity limits user understanding of core logic, multicurrency exposure increases complexity, and performance sensitivity to parameter settings requires careful configuration

Recommendations for Monarchs Trade Machine EA

• Trading Platform: MetaTrader 4 (MT4) – primary optimization, also supports MT5

• Currency Pairs: EURUSD, GBPUSD, EURNZD, GBPAUD, EURAUD, CADCHF, USDCAD, XAUUSD – Gold trading may exhibit higher volatility

• Timeframe: H1 (1-hour) – specifically optimized for this timeframe

• Leverage: 1:500 recommended in backtests – higher leverage amplifies both profits and losses significantly

• Minimum Deposit: $500 (Conservative), $1,000 (Medium), $2,000 (Aggressive) – higher balances provide better risk management for volatile periods

• Account Types: Compatible with all broker types – ECN accounts may offer tighter spreads

Monarchs Trade Machine EA Review

Monarchs Trade Machine EA delivers consistent automated trading through volume-based analysis while avoiding high-risk strategies, though users must navigate proprietary algorithm opacity and potential parameter complexity.

Backtest Highlights:
• EURUSD 2016-2021: $262,982 net profit, 6.00 profit factor, 5.98% maximum drawdown

• Alternative Settings: $68,498 profit, 5.12 profit factor, 16.7% equity drawdown

• Conservative Setup: $44,852 profit, 3.52 profit factor, 3.09% balance drawdown

Why Choose Monarchs Trade Machine EA

• Proven Volume Strategy: Combines 7-year tested methodology with intelligent market analysis, though core algorithm remains proprietary requiring user trust in developer expertise

• Flexible Risk Management: Three distinct trading strategies with customizable “Drying” protection system, yet requires understanding of parameter interactions for optimal performance

• News-Independent Operation: Trades based on statistical patterns rather than economic events, but may struggle during unprecedented market conditions outside historical patterns

• Multi-Asset Capability: Handles 8 currency pairs plus Gold simultaneously with intelligent position sizing, though multicurrency exposure increases account complexity

• Comprehensive Backtesting: Extensive 5-year validation with 99% real tick data, while acknowledging past performance doesn’t guarantee future results

Conclusion

Monarchs Trade Machine EA offers sophisticated volume-based automation with strong backtested performance and comprehensive risk management, best suited for intermediate traders comfortable with proprietary strategies and parameter optimization. Conservative traders seeking full strategy transparency or beginners requiring simplicity should exercise caution given the system’s complexity and “black box” nature.

Monarchs Trade Machine EA MT4 Download Packages:

• Link download experts:
  • Monarchs Trade Machine EA MT4.ex4
• Presets:

FAQs