"Don't Be Merciful to Forex" – Expert Advisor (EA) for MetaTrader 4

"Trade with precision, strike with confidence – the market shows no mercy, neither should you!"

📌 Overview

"Don't Be Merciful to Forex" is a MetaTrader 4 (MT4) Expert Advisor designed for aggressive yet disciplined trading. It uses envelope-based entry signals, trailing stops, and dynamic lot sizing to maximize profits while minimizing risks.

This EA is ideal for traders who want a proactive, high-frequency trading strategy that adapts to market conditions.

🔧 Key Features

✅ Dynamic Lot Sizing (Fixed or Risk-Based % of balance)

✅ Trailing Stop Loss (Locks in profits as the trade moves favorably)

✅ Envelope-Based Entry Signals (Uses SMA envelopes for trend detection)

✅ Account Protection (Auto-closes trades when secure profit is reached)

✅ Multi-Currency Support (Optimized for EURUSD, GBPUSD, USDJPY, USDCHF)

✅ High-Frequency Trading (Scales positions based on open trades)

⚙️ How It Works

1️⃣ Trading Logic

Uses SMA Envelopes to detect overbought/oversold conditions.

Opens BUY when price is near the lower envelope.

Opens SELL when price is near the upper envelope.

Adjusts lot sizes exponentially based on the number of open trades.

2️⃣ Risk Management

Trailing Stop Loss – Secures profits as the trade moves favorably.

Take Profit & Stop Loss – Configurable in pips.

Account Protection – Closes trades when a secure profit level is reached.

Max Trades Limit – Prevents overexposure by limiting open positions.

3️⃣ Trade Exit Conditions

Auto-Closing at Profit Target – Locks in gains when predefined profit is achieved.

Trailing Stop Activation – Adjusts stop loss dynamically to protect profits.

🛠️ Setup & Configuration

🔹 Input Parameters

Trading Settings

TakeProfit – Default 40 pips.

Lots – Fixed lot size (or use Money Management).

InitialStop – Stop loss in pips (set 0 to disable).

TrailingStop – Default 11 pips (activates after profit).

MaxTrades – Maximum allowed open trades (default 11).

Money Management

mm=1 – Enables risk-based lot sizing (uses risk% of balance).

mm=0 – Uses fixed lot size (set in Lots).

AccountisNormal=1 – Adjusts lot calculation for standard accounts.

Advanced Controls

DeviasiEnvelope – Envelope deviation (default 0.07).

Pips – Minimum distance between trades (default 15 pips).

SecureProfit – Auto-close profit threshold (default 11 pips).

AccountProtection=1 – Enables profit protection.

📊 Performance Tips

✔ Best Timeframe: Works well on M15-H1 charts.

✔ Recommended Pairs: EURUSD, GBPUSD, USDJPY, USDCHF.

✔ Risk Management: Start with 1-3% risk per trade.

✔ Avoid High Volatility: Adjust TrailingStop during news events.

📜 Developer & Source

Developer: R.KH 1001

Official Website: https://www.robomql.com

🚀 Final Words

"Don't Be Merciful to Forex" is a high-energy, aggressive EA designed for traders who want to capitalize on short-term market movements. By combining envelope signals, trailing stops, and dynamic lot scaling, it ensures optimal risk-reward ratios.

Trade fiercely, but trade smart! 💰🔥