Smart Prospector Expert EA MT4 + Setfiles (Latest version)

Smart Prospector Expert EA MT4 Introduction

The Smart Prospector Expert EA MT4 addresses the critical challenge of capturing consistent profits from volatile NFP news events and session-based trading opportunities through advanced automation. This MetaTrader 4 Expert Advisor operates primarily on GBPUSD, utilizing a sophisticated combination of Volume Weighted Average Price (VWAP) analysis and Fibonacci reversal patterns across three integrated strategies: precision intraday entries, universal trend following, and specialized high-impact news breakout trading. Extensive backtesting over 20+ years demonstrates a remarkable 4.00 profit factor with 86.79% win rate, reflecting the developer’s commitment to systematic, data-verified performance rather than speculative promises.

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About the Smart Prospector Expert EA MT4’s Author

Adeniyi Adedipe, the developer behind Smart Prospector Expert EA MT4, brings over 11 years of specialized experience as a Market Analyst and Code Developer at Aden John International. Operating through www.forexfundfarmer.com, Adedipe focuses on creating sophisticated automated trading systems that bridge technical analysis with event-driven strategies. His extensive background in both market structure analysis and algorithmic development provides the technical foundation for the EA’s complex multi-strategy framework and comprehensive parameter customization capabilities, particularly in the challenging domain of news-based trading automation.

Key Highlights

• Advanced Multi-Strategy Architecture: Integrates three complementary approaches – session-based intraday trading with UK/US/Asian timing, universal mid-term trend following, and specialized NFP news breakout execution with pre-event market calm verification

• Trading Strategy & Algorithm: Combines Volume Weighted Average Price (VWAP) for primary trend direction with proprietary Fibo Reversals_TEMA indicator, executing pending orders based on Fibonacci retracement levels calculated across monthly, weekly, and daily price ranges with precise session timing filters

• Comprehensive Risk Management: Features daily drawdown protection (MaxDailyDDPercent), flexible position sizing (FixedLot_Size or account percentage), maximum concurrent order limits, Friday night closure protection, and optional stop-loss configurations for different strategy components

• Verified Performance Metrics: 20+ year GBPUSD backtest delivers 2,971.16 net profit from 10,000 initial deposit, exceptional 4.00 profit factor, 86.79% win rate across 742 trades, with maximum drawdown contained to 2.58%

• Performance Risk Disclosure: EA’s profitability depends heavily on maintaining 86+ percent win rate due to average loss (-$22.41) being 2.8x larger than average profit ($8.02) – slight win rate deterioration could significantly impact results, requiring careful risk management implementation

Smart Prospector Expert EA MT4 Recommended

• Trading Platform: MetaTrader 4 (MT4) with pending order execution capabilities

• Pairs: GBPUSD (fully optimized), EURUSD and AUDUSD (suitable for news trading but require user optimization)

• Supported Accounts: ECN and Standard accounts with reliable pending order execution and minimal slippage during news events

• Timeframe: User-configurable through multiple timeframe parameters (FiBoReversalsTf, SmartIntraDayTraderTf, SmartPreNewsEntry_TF) for strategy-specific analysis

• Trading Time: UK session open (8:00 GMT), US session open (13:00 GMT), Asian session open (23:00 GMT), plus scheduled NFP release timing

• Leverage: Conservative 1:100 to 1:200 maximum recommended due to news volatility exposure and pending order slippage risks – higher leverage increases account vulnerability during high-impact events

• Minimum Deposit: $1,500+ recommended for proper lot sizing flexibility and adequate margin during news-driven volatility spikes

Installation and Usage Tips

• Strategy Selection: Configure TRADINGSTRATEGYONE (intraday session-based), TRADINGSTRATEGYTWO (universal trend), or TRADINGSTRATEGYTHREE (NFP news trader) based on risk tolerance and trading objectives

• Position Sizing Configuration: Set FixedLotSize for consistent exposure or Lot_Percent (1-3% recommended) for dynamic sizing based on account growth and risk management principles

• Daily Risk Protection: Configure MaxDailyDD_Percent to 5-8% maximum to prevent catastrophic daily losses during adverse market conditions or strategy failures

• News Trading Parameters: Enable SmartPreNews with SmartPreNewsMaxPeak_Range set to 15-25 pips for optimal pre-event calm market filtering

• Stop Loss Implementation: Override developer’s optional recommendation by enabling SetSmartIntraDayStopLoss and SetSmartUniTradingLoss for proper trade protection

• Critical Risk Warning: NFP and high-impact news trading involves extreme slippage, spread widening, and potential requotes – test with micro lots initially and ensure broker compatibility with pending orders during volatile periods

Smart Prospector Expert EA MT4 Review

The Smart Prospector Expert EA MT4 demonstrates exceptional backtested performance through its sophisticated multi-strategy framework, though its heavy dependence on high win rates creates sensitivity to changing market conditions. This EA effectively solves traders’ struggle with systematic news event capture and precise session-based entries, eliminating emotional decision-making during volatile periods. Ideal for intermediate to advanced traders who understand complex parameter management and appreciate the inherent risks of automated news trading. Caution advised regarding the developer’s optional stop-loss suggestion – proper risk management implementation remains essential despite the EA’s precision-entry approach.

Performance Data Overview:
• Historical Validation: 20+ years GBPUSD testing with 29.71% total return
• Risk-Adjusted Metrics: 4.00 profit factor, maximum 2.58% drawdown, 86.79% win rate
• Trade Distribution: 742 total trades with average profit $8.02 versus average loss -$22.41

Why Choose Smart Prospector Expert EA MT4

• Unique Multi-Strategy Integration: Combines three distinct trading methodologies in one EA, providing diversified opportunity capture across different market conditions unlike single-approach alternatives

• Professional NFP Trading Automation: Advanced news trading module with pre-event analysis eliminates the manual complexity and emotional stress of trading high-impact economic releases

• Systematic Risk Management Framework: Built-in daily drawdown controls, position sizing flexibility, and weekend protection features address common EA failure modes through proactive risk mitigation

• Extensive Historical Validation: 20+ year backtesting period with 4.00 profit factor demonstrates strategy durability beyond typical short-term curve-fitting optimizations common in the EA market

• Advanced Parameter Customization: Comprehensive settings allow experienced traders to fine-tune strategies for evolving market conditions while maintaining systematic execution discipline

Conclusion

The Smart Prospector Expert EA MT4 presents a sophisticated automated trading solution with impressive backtested credentials, requiring experienced users who understand news trading complexities and risk management principles. Most suitable for intermediate to advanced traders seeking systematic NFP event trading combined with session-based automation capabilities. Long-term success depends on proper risk parameter implementation and realistic expectations about maintaining the historical win rate performance.

Ready to Use Smart Prospector Expert EA MT4?

• Telegram Support: https://t.me/+TT_oy2yBiQZjZjE1 
• Email Contact: [email protected]

Smart Prospector Expert EA MT4 Download Packages:

• Link download experts:
  • Smart Prospector Expert EA MT4 .ex4
• Presets