



PLATINUM FX EA MT4 + Setfiles
Platinum FX EA runs multi-pair trading with 63% gain and 68% win rate via Bollinger/RSI/Stochastic filters – backtested on XAUUSD MT4
$999.00 Original price was: $999.00.$49.00Current price is: $49.00.

⚠️ Risk Disclosure
📉 General Risk: Forex trading carries high risk of loss. Only invest money you can afford to lose.
🤖 EA Risks: Automated systems can fail due to technical issues, market changes, or broker problems. Past performance does not guarantee future results.
✅ Requirements: VPS hosting recommended. Test on demo minimum 30 days before live trading.
⚠️ No Guarantees: We do not guarantee profits. 70-90% of retail traders lose money.
By purchasing, you acknowledge understanding these risks and accept full responsibility for trading outcomes.
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Description
Platinum FX EA – Automated Multi-Pair Trading on MT4
Platinum FX EA runs stop-loss and take-profit based trades across six instruments including XAUUSD and GBPUSD on MetaTrader 4. A 2-year backtest on XAUUSD shows 63% total gain with a 68% win rate, though the crude control-point modeling limits result reliability. Developed and distributed by CheapForexEa.
Key Highlights
- ✅ Trades six instruments simultaneously — GBPUSD, XAUUSD, EURUSD, AUDUSD, USDCAD, US30 — on a single M1 chart.
- ✅ Backtest shows 68% win rate and 1.43 profit factor over two years on XAUUSD (crude modeling — see performance notes).
- ✅ Combines Bollinger Bands, Stochastic, and RSI filters to time entries across a defined session window.
- ✅ Configurable stop-loss, take-profit, daily loss cap, and lot multiplier — no grid doubling or martingale exposure.
- ✅ Marketed as suitable for prop firm challenges with drawdown controls and a maximum of 3 covers per day.
Performance Results
The backtest ran XAUUSD on M30 from January 2023 to December 2024, starting with $1,000 and producing $631.58 net profit. The win rate reached 68.31% across 691 trades, with a profit factor of 1.43. Maximum drawdown was 11.60% ($160.90).
The modeling quality used control points — MT4 explicitly flags this as “a very crude method, the results must not be considered.” This is a significant limitation. The largest single loss trade was -$48.56 versus an average profit of $4.42, meaning one bad trade can wipe multiple wins.
A secondary MyFxBook signal (Platinum FX Lewis, GBPUSD, BDSwiss, 1:500) shows +28.62% total gain with 9.60% drawdown over a short live period in early 2020. Key account metrics including balance and profit are locked, and the signal is over 5 years old. Current live performance is unverifiable from this data.


Risk note: The 11.60% backtest drawdown occurred under crude modeling conditions that underestimate real slippage and spread. Live drawdown will likely exceed this figure. Control exposure by setting max_daily_loss to a fixed dollar amount, starting on a single pair, and running minimum 90 days on demo before going live. Expect higher real-world drawdown than the backtest suggests.
How It Works
Strategy: Session-based stop/profit trading on XAUUSD, GBPUSD, EURUSD, AUDUSD, USDCAD, US30 on M1 — exploits short-term momentum within defined trading hours.
Entry: Triggered when RSI (period 12), Stochastic (5,3,3), and Bollinger Bands (20,2) align within session window 19:00–08:00.
Exit: Fixed take-profit at 30 pips or $5.00 in money; stop-loss at 60 pips per trade.
Risk Control: Daily loss cap (max_daily_loss), 3 covers per day maximum, adjustable lot multiplier (default 2.0).
✅ Best conditions: Trending sessions • Clear momentum on M1 • Low-spread ECN broker • Active London/New York overlap
⚠️ Caution: Choppy ranging markets • High-spread brokers • News event volatility spikes

Technical Specifications
| Specification | Requirement |
|---|---|
| Platform | MT4 (MetaTrader 4) |
| Currency Pairs | GBPUSD, XAUUSD, EURUSD, AUDUSD, USDCAD, US30 |
| Timeframe | M1 (1-minute chart) |
| Minimum Deposit | $1,000 (tested minimum — higher DD risk below this) |
| Recommended Deposit | $2,000–$5,000 (safer buffer for drawdown tolerance) |
| Leverage | 1:100 minimum (1:500 used in live signal) |
| Broker Type | ECN/STP preferred, low spread on XAUUSD and GBPUSD |
| VPS | Required (M1 trading demands 24/5 uptime) |
This EA is MT4 only. Need MT5 platform? Browse MT5 EA alternatives
Who Should Use This EA
- ✅ Ideal for:
- Intermediate traders with $2,000+ capital comfortable adjusting EA input parameters manually.
- Prop firm challengers — drawdown controls and daily trade limits align with challenge rule structures. Browse more prop firm EAs
- MT4 users trading XAUUSD or GBPUSD who want a multi-indicator filtered approach without martingale risk.
- ✅ Best results when:
- Running on a VPS with a low-spread ECN broker — M1 execution requires stable, uninterrupted connectivity.
- Demo tested for minimum 90 days before live deployment, given the crude backtest modeling quality.
What’s Included
- ✅ Experts: Platinum FX EA (.ex4)
- ✅ Presets:
- Gold_H1_Medium Risk_$500.set
- Gold_H1_High Risk_1K.set
- Gold_H1_Low Risk_1K.set
- Gold_H1_Medium Risk_1K.set
Product download link sent immediately via email after purchase.
Frequently Asked Questions
What results can I expect with Platinum FX EA? +
The 2-year XAUUSD backtest shows 63% total return and a 68% win rate from a $1,000 start — but MT4 itself flags the control-point modeling as unreliable. The 5-year-old MyFxBook signal shows +28.62% gain over roughly one month, with key metrics locked. Realistic expectations depend heavily on your broker's spread, your capital buffer, and which pairs you activate. Demo test for at least 90 days before drawing any performance conclusions.
What makes Platinum FX EA different from other EAs? +
Platinum FX EA combines three independent filters — RSI, Stochastic, and Bollinger Bands — before triggering any entry, reducing low-quality signals. It operates within a defined session window (19:00–08:00) rather than trading all hours. Critically, it uses no grid, no martingale, and no hedging, which limits compounding loss exposure. A built-in daily loss cap and 3-trade daily limit add further structural protection compared to uncapped automated strategies.
Can I use Platinum FX EA for prop firm challenges? +
The EA's structure — fixed stops, daily trade limits, and configurable daily loss cap — is designed with challenge compatibility in mind. The max_daily_loss parameter lets you set a hard dollar stop aligned to your challenge rules. That said, the backtest uses crude modeling, so drawdown behavior in live prop firm conditions is not reliably predictable. Run on a demo account mirroring challenge conditions for 60–90 days before submitting a funded challenge.
Does Platinum FX EA work on demo accounts? +
Yes, the EA runs on both demo and live MT4 accounts. Given the limited backtest reliability, demo testing is not just recommended — it is essential before any live deployment. Run the EA across different market conditions including ranging and news periods. Monitor actual drawdown against the backtest's 11.60% figure, since live slippage and spread will affect real results differently.
What capital do I need to run this EA safely? +
The backtest used a $1,000 starting balance, but this represents a minimum floor with limited drawdown buffer. A $2,000–$5,000 deposit provides safer operating room, especially when trading XAUUSD where pip values are larger. Running below $1,000 risks hitting the daily loss cap or margin limits during normal volatility. Larger capital also lets you keep lot sizes conservative while still generating meaningful returns.
What are the main risks and how do I manage them? +
The 11.60% maximum drawdown from the backtest is likely understated — crude control-point modeling misses real-world slippage on XAUUSD and GBPUSD. The largest single loss trade was -$48.56 against an average profit of $4.42, creating asymmetric loss risk in consecutive losing sequences. Set max_daily_loss conservatively, reduce the lot multiplier from the default 2.0, and limit active pairs initially to one or two. Expect real drawdown to exceed backtest figures by a meaningful margin during volatile sessions.
Which brokers work best with this EA? +
ECN or STP brokers with tight spreads on XAUUSD and GBPUSD are essential — M1 scalping-style entries erode quickly on wide spreads. The live MyFxBook signal used BDSwiss at 1:500 leverage. Avoid market-maker brokers with variable spreads that widen during news events, as the EA's session window (19:00–08:00) overlaps with periods of lower liquidity. Minimum 1:100 leverage is required; 1:200 or higher gives more position flexibility.
What support do I get after purchase? +
You get direct support from our team through Telegram (t.me/besteaforex6868) and email ([email protected]). We typically respond within 2-4 hours during business hours (GMT+0). Our support covers: EA installation guidance, settings optimization for your broker, and troubleshooting technical issues. When contacting us, please include: your email, order ID, and screenshots of any error messages for faster resolution.
>>> Curated/Reviewed by Steven Cohen (Founder).
⚠️Risk Disclaimer:
Forex trading and EAs carry high risk of loss. Only invest what you can afford to lose. Past performance does not guarantee future results. 70-90% of retail traders lose money.
⚠️ Risk Disclosure
📉 General Risk: Forex trading carries high risk of loss. Only invest money you can afford to lose.
🤖 EA Risks: Automated systems can fail due to technical issues, market changes, or broker problems. Past performance does not guarantee future results.
✅ Requirements: VPS hosting recommended. Test on demo minimum 30 days before live trading.
⚠️ No Guarantees: We do not guarantee profits. 70-90% of retail traders lose money.
By purchasing, you acknowledge understanding these risks and accept full responsibility for trading outcomes.
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