NEO EA MT4 + Setfiles

NEO EA MT4 – Grid/Martingale Scalper with Adjustable Equity Stop

NEO EA is a grid-based scalping Expert Advisor for MetaTrader 4, attributed to Rich Off Pips, that targets short 4-pip gains across multiple currency pairs on the M5 timeframe. The available product evidence includes reseller documentation and extracted input parameters confirming a 1.3x martingale multiplier, 8-level grid cap, and a 4% equity stop closure mechanism. Public live verification from an official vendor source is not included on this page at this time — demo testing is required before using live capital.

Key Highlights

• ✅ MetaTrader 4 (.ex4) — M5 timeframe, targets GBPUSD and XAUUSD via included setfiles
• ✅ Grid/martingale structure with a hard equity stop: all positions close automatically if equity drops 4% below threshold
• ✅ MaxLevel 8 cap and 1.3x lot multiplier — grid depth and compounding exposure are configurable
• ✅ GBPUSD setfiles included; EA is configurable for additional instruments via setfile
• ✅ Grid and martingale use is openly disclosed here — not always disclosed clearly on competing pages

Performance Results

The input parameters extracted from the product files confirm the core mechanics: 0.01 base lot, 1.3x martingale multiplier, MaxLevel 8, 4-pip take profit, and a 4% EquityStopPercentage that triggers full closure when breached.

A public Myfxbook account named FINTECH NEO EA — a demo GBP account on IC Markets MT4 at 1:500 leverage — is accessible online and records 102 trades, a -10.96% gain, a 62.40% drawdown, and a 0.97 profit factor. This account is not confirmed as official Rich Off Pips vendor proof and is a demo account. It is referenced here because it is publicly accessible, carries a similar name, and uses MT4 on IC Markets trading XAUUSD on M5 — details that align with the EA’s documented profile. The metrics reflect how a NEO EA-style grid configuration can behave under adverse conditions, which is useful context for risk planning.

View the public FINTECH NEO EA Myfxbook page

Community screenshots from a “neo-results” channel show claimed profits on NASDAQ and UKT in July 2023, with one post referencing a $100,000 prop account. These are unverified community screenshots with no account statement or independent audit — treat them as social proof only, not performance documentation.

The proof shown here should be treated as backtest/screenshot/product-page evidence, not public live verification. We recommend demo validation before live use. Test broker spread, execution, lot size, and drawdown behavior before using live capital.

A martingale grid running to 8 levels with a 1.3x multiplier can accumulate significant open exposure before the equity stop triggers. At MaxLevel 8, lot size at the final level reaches approximately 6x the base lot. The 4% equity stop limits the worst-case exit point but does not prevent loss. Size your base lot conservatively relative to account balance, use a broker with tight spreads on your chosen instrument, and monitor open grid levels actively during volatile sessions.

How It Works

Strategy: Grid/martingale scalper on M5. Opens an initial position and adds further lots at fixed distance intervals if price moves against the trade. Targets a 4-pip take profit on the full basket. GBPUSD and XAUUSD are the documented pairs via setfiles; the EA is configurable for other instruments.

Entry: Specific entry trigger logic is not clearly specified in the available setup data. The EA operates within a configurable StartTrade–EndTrade hour window (default 0–23, meaning 24-hour operation). Validate entry conditions during demo testing.

Exit: Primary exit is a 4-pip take profit on the open basket. The EA also closes all positions automatically when the EquityStopPercentage threshold (default 4%) is breached.

Risk Control: Base lot 0.01, multiplier 1.3x per grid level, maximum 8 levels. The 4% equity stop acts as the hard floor. Use_DbLots = 1 applies the multiplier model by default; mode 2 applies a fixed lot regardless of level. A 100-pip stop loss is coded in the parameters — confirm its role in the grid model during demo testing.

✅ Best conditions: Low-spread ECN/STP broker • Stable VPS for uninterrupted M5 execution • Ranging or controlled-trend sessions where 4-pip targets close efficiently.

⚠️ Caution: High-volatility news events where price gaps through grid levels • Instruments with wide spreads that erode 4-pip targets before fill.

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• MT4 traders who understand grid and martingale risk and want a configurable scalping structure with a hard equity stop
• Traders running conservative base lot sizes (0.01 or smaller) relative to account balance to keep 8-level grid exposure manageable
• Users who have tested EA behavior on demo across GBPUSD or XAUUSD and confirmed execution quality with their broker

✅ Best results when:

• Running on a low-spread ECN broker where 4-pip targets are achievable after spread costs
• Base lot is sized so that a full 8-level grid drawdown remains within a pre-defined personal risk limit
• EA is monitored actively during high-impact news sessions to avoid grid deepening on sharp moves

This EA is not suitable for traders unfamiliar with grid or martingale drawdown behavior, or for anyone expecting consistent returns without extended demo validation first. Browse more MT4 Expert Advisors or explore our full Forex EA catalogue if you are comparing options.

Download Package Included

• ✅ Experts:
  • NEO EA Bot.ex4
• ✅ Presets:
  • GBPUSD_$1000.set
  • NEO GBPUSD.set

Product download link is sent immediately via email after purchase.