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Lazarus EA MT4 V1.2 + Setfiles

SKU: Lazarus-EA-MT4

Lazarus EA targets EURUSD M1 scalping with trailing stop exits and compounding lots – preliminary Jan 2024 backtest shows 1.88 profit factor on MT4

Original price was: $1,199.00.Current price is: $59.00.

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Description

Table of Contents

    Lazarus EA MT4 – Trailing Stop Scalper for EURUSD M1

    Lazarus EA is a short-term scalping system for MetaTrader 4, trading EURUSD on the M1 timeframe with compounding lot sizing and trailing stop exits. Available backtest data covers January 2024 using a control-points model — the crudest available method — meaning these results carry significant reliability limitations and cannot be treated as predictive performance.


    Key Highlights

    • ✅ Trailing stop with configurable step and distance locks in profits trade-by-trade on M1
    • ✅ Backtest recorded 1.88 profit factor over January 2024 — crude model, treat as directional only
    • ✅ Scalps EURUSD M1 using compounding lots with optional manual lot override
    • ✅ Built-in stop loss at 10 pips default with 4-pip trailing stop limits single-trade exposure
    • ✅ Optional time filter restricts trading to specified broker hours — reduces overnight gap risk
    • ✅ MT4 only — Browse MT5 alternatives if you need MT5 compatibility


    Performance Results

    The January 2024 backtest recorded a 1.88 profit factor and 31.76% maximum drawdown on a $10,000 deposit over 68 trades. Win rate on short positions reached 75%, while long positions won only 19.12% — a directional asymmetry that warrants investigation before live deployment. These figures come from a control-points model, which MT4’s own tester flags as “a very crude method — results must not be considered reliable.”

    Lazarus EA MT4 backtest January 2024 - 1.88 profit factor, 31.76% max drawdown, control points model
    ⚠️ Jan 2024 backtest – control points model (crude). Not reliable for real-world decisions.

    A second Myfxbook signal covers January 2015 to November 2016 and shows a 40.77% maximum drawdown with a “Every Tick” model. A separate signal from the same period recorded 70.86% drawdown on a $100 deposit — a figure that represents near-total capital destruction under adverse conditions.

    Lazarus EA MT4 Myfxbook signal Jan 2015 to Nov 2016 - 40.77% max drawdown, Every Tick model
    ⚠️ Archive (Jan 2015–Nov 2016) — 9yr old. Demo 90+ days before any live capital. View signals
    Lazarus EA MT4 Myfxbook signal Jan 2015 to Nov 2016 - 70.86% maximum drawdown on $100 deposit
    ⚠️ Archive (Jan 2015–Nov 2016) — 9yr old. 70.86% DD signal. Demo 90+ days mandatory. View signals

    Maximum drawdown reached 70.86% in the highest-risk signal, driven by compounding lot sizing amplifying losses during consecutive losing sequences. The largest single loss trade was -$10,952 against a largest winning trade of $12,230 — a near-symmetric risk profile that leaves little margin for error. Reduce exposure by setting Risk to 2–3% (not the backtested 10%), limiting capital allocated to $500–$1,000 maximum until 90 days of demo validation confirms stable behavior. At conservative settings, realistic drawdown may fall to 15–25%; at default settings, account ruin remains a documented possibility.

    ⚠️ Backtest signal data from Jan 2015–Nov 2016 — 9 years old. January 2024 data uses control-points (crude) model. Neither source meets the standard for live deployment decisions. Run a minimum 90-day demo on a current broker before committing any capital. Past results do not guarantee future performance.


    How It Works

    Strategy: M1 scalping on EURUSD — exploits short-term price momentum with compounding position sizing that scales exposure as balance grows.

    Entry: Automated entry triggered on M1 bar conditions; long and short positions both active with no stated directional filter.

    Exit: Primary exit via trailing stop (4-pip default, 2-pip step); stop loss at 10 pips caps maximum single-trade loss.

    Risk Control: Auto-lot sizing at 5% risk per trade default; manual lot override at 0.1 available; slippage set to 3 pips.

    ✅ Best conditions: Trending EURUSD sessions • Low-spread ECN brokers • Stable VPS connection

    ⚠️ Caution: High-impact news events • Wide spread conditions • Brokers with frequent requotes

    Lazarus EA MT4 input parameters - 5% risk, 10 pip stop loss, 4 pip trailing stop default settings
    Default setup – 5% risk / compounding lots enabled


    Technical Specifications

    SpecificationRequirement
    PlatformMT4 (Build 1441 confirmed in testing)
    Currency PairEURUSD (other pairs not documented)
    TimeframeM1 (required)
    Minimum Deposit$500 (high risk at this level — reduce lot size)
    Recommended Deposit$1,000–$2,000 (safer drawdown tolerance)
    Leverage1:100 minimum recommended
    Broker TypeECN/STP preferred; spread under 1.5 pips
    VPSRequired for M1 — uninterrupted connection essential

    This EA is MT4 only. Need MT5 platform? Browse MT5 EAs


    Who Should Use This EA

    ✅ Ideal for:

    • MT4 traders comfortable monitoring M1 scalping systems daily
    • Experienced traders who understand compounding lot risk and can reduce default settings
    • Demo-first traders willing to run 90+ days validation before live capital
    • Traders allocating $1,000–$2,000 maximum to a single EA at conservative risk settings

    ✅ Best results when:

    • Risk parameter reduced to 2–3% from the default 10% until live behavior is confirmed
    • Running on an ECN broker with consistent sub-1.5 pip EURUSD spreads and a stable VPS


    Download Package Included

    • ✅ Experts:
      • Lazarus Expert Advisor v1.2(.ex4)
    • ✅ Presets:
      • Lazarus.set
      • Lazarus Expert v1.2.set

    Product download link sent immediately via email after purchase.


    Frequently Asked Questions

    >>> 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.

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