ROE Magneto EA MT4 V1.0 + Setfiles

ROE Magneto EA – Automated EURUSD M5 Trading for MT4 with Preset Setfiles

ROE Magneto EA is an automated MT4 Expert Advisor built for EURUSD on the M5 timeframe, distributed with seven preset setfiles covering $1,000 and $2,000 capital levels at three risk settings. The EA originates from the R.O.E / RichOffEA community and uses a martingale lot multiplication model. Performance evidence on this page consists of backtest reports and Discord community screenshots. Public live verification via Myfxbook, FXBlue, or MQL5 Signal is not included on this page at this time.

Key Highlights

• ✅ MT4 (.ex4) EA for EURUSD M5 — dedicated pair and timeframe
• ✅ Seven preset setfiles for $1K and $2K accounts at Low, Medium, and High Risk
• ✅ Default inputs: Lot_Multiply 2.0 | Take_Profit 5.0 | Stop_Loss 100.0 | Magic_Number 1111
• ✅ Low-spread ECN/STP broker recommended; VPS advised for uninterrupted M5 execution
• ✅ Includes installation and setup guide; community support via Discord

Performance Results

Two backtest reports are included in the product materials, and they produce very different outcomes depending on starting capital, modeling method, and test period.

The first backtest used a $100,000 starting deposit with a 1.60 spread setting on EURUSD M5. It recorded a net profit of $14,258.27, a profit factor of 2.74, a win rate of 70.74%, and a maximal drawdown of 7.30% ($7,467.21) across 188 trades.

The second backtest used a $10,000 starting deposit across the full 2024 calendar year on the same pair and timeframe. It recorded a net profit of $12,092.58 and a profit factor of 2.85, but the maximal drawdown reached $10,061.28 — representing 69.84% of the deposit. This test used MetaTrader’s “Control points” modeling method, which MetaTrader itself flags as a crude approximation. The exact figures should not be taken literally, but the directional drawdown risk they reflect is real.

These two tests differ significantly in drawdown outcome because of differences in modeling method, starting capital, and test period. Neither should be used to predict live account behavior directly.

Supporting materials also include Discord community screenshots from August 2023 showing members running Magneto EA on $3,000 demo accounts using the $1K setfile. These show community activity, not verified account performance.

The 69.84% drawdown in the 2024 Control Points test reflects the core risk of this strategy. Martingale lot multiplication means losing sequences compound quickly. An account running near the setfile minimum with default or high-risk settings faces the greatest exposure. Use capital well above your setfile minimum, select a low-spread ECN/STP broker, keep lot sizes conservative, and monitor open basket exposure actively during drawdown periods. Do not size positions based on the $100K backtest drawdown percentage alone — the 2024 test under different conditions produced a fundamentally different outcome.

The proof shown here should be treated as backtest and screenshot evidence, not public live verification. We recommend extensive demo validation — minimum 90 days on your specific broker — before risking any live capital.

How It Works

Strategy: Automated mean-reversion day trading on EURUSD M5. The EA enters the market and uses martingale lot multiplication to recover losing positions, targeting small fixed take profit levels across sequential trades.

Entry: Entry trigger conditions are not clearly specified in the available product materials. The EA uses fixed parameters: Take_Profit 5.0 pips and Stop_Loss 100.0 pips. Validate entry behavior during demo testing before live use.

Exit: Primary exit is a fixed take profit of 5.0 pips. Stop loss is set at 100.0 pips. With a 2.0 lot multiplier, basket exposure grows significantly before a stop loss closes the full sequence.

Risk Control: Default lot starts at 0.01 and doubles with each loss via Lot_Multiply 2.0. Preset setfiles calibrate starting lot size to account balance ($1K and $2K variants at Low, Medium, and High Risk). The large asymmetry between a 5-pip take profit and a 100-pip stop loss means drawdown can accumulate rapidly in trending conditions. Confirm martingale basket behavior during demo testing before live deployment.

✅ Best conditions: Low-spread EURUSD broker • Ranging or low-volatility M5 market conditions • VPS for uninterrupted execution

⚠️ Caution: Strong trending EURUSD sessions • High-impact USD news events

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• MT4 traders who understand martingale risk and plan to run demo validation before any live deployment
• EURUSD-focused traders with capital significantly above the $1,000 setfile minimum who can absorb drawdown sequences
• Traders with VPS access who can monitor open basket exposure and intervene during adverse trending conditions

✅ Best results when:

• Running on a low-spread ECN/STP broker with tight EURUSD execution and the setfile matched to your actual account balance
• Testing all setfile risk levels in demo for at least 90 days before selecting a live configuration

⚠️ Not ideal for: traders new to martingale EAs, accounts at or near the setfile minimum deposit, or anyone expecting consistent drawdown below 20%.

Browse more MT4 Expert Advisors or explore our full Forex EA catalog.

Download Package Included

• ✅ Experts:
  • ROE Magneto EA MT4.ex4
• ✅ Presets:
  • EURUSD_$1K_High Risk.set
  • EURUSD_$1K_Low Risk(0.02).set
  • EURUSD_$1K_Low Risk.set
  • EURUSD_$1K_Medium Risk.set
  • EURUSD_$2K_High Risk.set
  • EURUSD_$2K_Low Risk.set
  • EURUSD_$2K_Medium Risk.set

Product download link is sent immediately via email after purchase.