ONGOGO EA MT4 with Setfiles

What is ONGOGO EA?

ONGOGO EA is a specialized tick scalping Expert Advisor designed exclusively for US30 index trading, utilizing advanced tick chart analysis to execute rapid trades within seconds during the New York session. Developed by respected trader Milli Efx, this EA has achieved consistent monthly gains ranging from 6.65% to 10.06% across multiple demo accounts with controlled drawdown profiles. The system’s unique focus on tick-level market movements distinguishes it from traditional time-based trading approaches.

Key Takeaway

• Tick Scalping Methodology: Executes high-frequency trades on tick charts targeting 0.5-7 point movements with second-level precision, though performance depends critically on broker execution speed and spread conditions

• Integrated Risk Architecture: Features 10-point stop losses, 4-point trailing stops, and flexible position sizing options, but requires careful calibration for individual account characteristics and risk tolerance

• US30 Market Specialization: Exclusively calibrated for US30 index trading during New York session (16:00-22:00), providing focused market expertise while limiting instrument diversification

• Verified Performance Data: Demo accounts demonstrate 6.65%-10.06% monthly gains with drawdowns from 0.23%-5.09%, though live trading results may differ due to execution variables

• Prop Firm Alignment: Specifically designed for Eightcap-based proprietary trading firm compatibility, but requires thorough research of individual firm rules and challenge requirements

• Critical Execution Dependency: Success heavily relies on low spreads, minimal slippage, and fast order processing, making broker selection a primary success factor

Recommendations for ONGOGO EA

• Trading Platform: MetaTrader 4 (MT4) – exclusively optimized for this platform environment

• Pairs: US30 index exclusively – other instruments not compatible due to specific calibration parameters

• Supported Accounts: ECN or institutional-grade accounts preferred – retail accounts may face scalping restrictions

• Timeframe: Tick charts required – conventional candlestick timeframes not suitable for strategy implementation

• Trading Time: New York session (16:00-22:00) – optimal volatility and liquidity conditions during these hours

• Leverage: 1:100 to 1:300 recommended – higher leverage amplifies both profit potential and loss risk, requiring careful risk evaluation

• Minimum Deposit: $3,000 minimum suggested – larger accounts ($15,000+) provide better risk management flexibility for scalping operations

ONGOGO EA Review

ONGOGO EA provides reliable tick scalping performance for US30 with monthly gains of 6.65%-10.06%, but requires premium execution conditions and careful broker selection for optimal functionality.

Performance Highlights:

• Lead Account: 10.06% monthly gain, 0.23% drawdown, $110,059 balance – exceptional risk-reward ratio with minimal equity decline

• Secondary Signal: 6.65% monthly gain, 5.09% drawdown, $10,665 balance – steady returns with moderate risk exposure

• Third Signal: 8.93% monthly gain, 0.88% drawdown, $108,934 balance – consistent performance with controlled risk

• Backtest Disclaimer: XAUUSD backtest labeled unreliable due to control points methodology and 2,750 chart errors, emphasizing reliance on live signal data

Why Choose ONGOGO EA

• Specialized Tick Trading: Offers unique tick-level scalping capabilities for US30 market with second-level execution precision, though requires advanced understanding of high-frequency trading principles

• Proven Consistency: Multiple tracking accounts show sustained 6.65%-10.06% monthly performance over extended periods, but demo environment may not fully represent live trading challenges

• Prop Trading Optimization: Specifically engineered for Eightcap-based proprietary trading firm requirements, though success depends on comprehensive rule compliance and risk management

• Experienced Development: Created by established algorithmic trader Milli Efx with documented expertise, but traders must independently verify strategy alignment with personal objectives

• Multi-Layer Protection: Incorporates stop losses, trailing mechanisms, and time-based controls for comprehensive risk management, though effectiveness requires proper parameter tuning

Conclusion

ONGOGO EA offers specialized tick scalping excellence for US30 trading with demonstrated consistency, but demands experienced traders comfortable with high-frequency strategies and execution requirements. Best suited for prop firm candidates and US30 specialists with sophisticated trading backgrounds. Novice traders should carefully assess strategy complexity and technical requirements before implementation.

ONGOGO EA MT4 Download Packages:

• Link download experts:
  • ONGOGO EA MT4.ex4
• Presets:

FAQs