Money Box Robot MT4 EA — Automated EURUSD Trading with Verified Demo Signal

Money Box Robot is an RSI-based automated Expert Advisor for MetaTrader 4, trading EURUSD on H4 with a verified demo signal tracked on Myfxbook from June–September 2024.

The demo signal recorded +81–88% gain over approximately 3 months — but a 64% peak drawdown on one account means capital management is the deciding factor before you deploy this EA. All tracked results are demo accounts on RoboForex; no live account verification is available.

Key Highlights

• ✅ RSI-filtered entries on H4 EURUSD — exploits mean-reversion with trend confirmation, not random grid scaling
• ✅ Demo-verified Myfxbook signal: +81% gain, 2,725+ trades tracked June–September 2024 over ~3 months
• ✅ Trades EURUSD H4 with configurable lot size (MoneyM), fixed TP at 1788 and SL at 1989 pips
• ✅ Fixed stop-loss on every trade — no open-ended martingale exposure per position
• ✅ Backtests across H1 and H4 show 82–96% win rates — but use “Control points” model only; treat as directional, not predictive
• ✅ Runs fully automated on MT4 — set GMT offset once, then hands-free execution

Performance Results

The primary Myfxbook signal (FX_SIGNALS_VIP, Demo USD, RoboForex MT4) ran from June 24 to September 16, 2024 — roughly 3 months of active tracking. It recorded +81.13% total gain from a $1,000 starting balance, reaching $1,811.26 at peak. A second demo signal on MT5 (same broker, same period) posted +88.61% gain with a lower reported maximum drawdown of 24.69%.

Three backtests cover EURUSD H4 and H1 from February to July 2025 (6 months each). The H4 $1,000 run returned 245% net profit with 96.88% win rate and 24.99% max drawdown. The H4 $2,000 run returned 319% with 29.56% max drawdown. The H1 $500 run returned 57.45% with 27.19% max drawdown and profit factor 5.17.

The 64.37% peak drawdown on the primary demo signal demands direct attention. The equity dropped to $728 while balance held at $1,811 — meaning open floating losses consumed most of the account at one point, most likely during the sharp EURUSD volatility of mid-September 2024. Start with MoneyM at 0.05 or lower on a $1,000 account and monitor open floating equity weekly. The H4 backtests suggest recoveries occur within the same trending sequence, but drawdown depth depends heavily on lot size relative to capital. Set a personal hard stop at 30% floating loss — if equity hits that level, reduce MoneyM immediately. Realistic range: drawdowns of 20–40% are plausible under normal volatility; 60%+ is possible if position sizing is too aggressive for the capital deployed.

Demo signal results from Jun–Sep 2024. Backtests use Control Points model (crude quality — not suitable for investment decisions). All accounts are demo only — no live account data exists. Run a minimum 90-day demo before deploying live capital. Historical demo performance does not guarantee future live results.

How It Works

Strategy: RSI mean-reversion on EURUSD H4 — enters when RSI (period 14) signals overextension, targeting a return to equilibrium within the H4 trend structure.

Entry: RSI reading crosses threshold defined by X4 parameter (set to 47); confirms directional bias before opening position.

Exit: Fixed TakeProfit at 1788 pips; fixed StopLoss at 1989 pips — both set at EA inputs, no trailing modification by default.

Risk Control: Position size controlled by MoneyM (0.05–0.1 documented); Manual_Lot overrides to fixed size if set above 0. One loss trade per sequence documented across all backtests.

✅ Best conditions: Ranging EURUSD with clear RSI oscillation • H4 sessions with defined support/resistance • Stable broker spreads under 1.5 pips

⚠️ Caution: High-impact news events (NFP, ECB decisions) — open positions cannot be paused automatically • Extreme trending markets where RSI stays oversold/overbought for extended periods

Technical Specifications

This EA runs on MT4 only. Browse MT5 alternatives if you need MetaTrader 5 compatibility.

Who Should Use This EA

✅ Ideal for:

• MT4 traders comfortable with 20–40% drawdown periods in exchange for high win-rate RSI strategies
• Traders with $1,000–$2,000 available who can set MoneyM conservatively and monitor weekly
• Experienced EA users who understand demo-only evidence and will run 90+ days before live deployment
• Traders focused on EURUSD — the EA is documented on this pair only; other pairs are untested

✅ Best results when:

• Broker_GMT is configured correctly and VPS maintains 24/5 uptime without interruption
• MoneyM is scaled to account size — start at 0.05 per $1,000, not the default 0.1

Download Package Included

• ✅ Experts:
  • Money Box Robot MT4(.ex4)
• ✅ Setfiles:
  • EURUSD_Mintest $500.set
  • EURUSD_Mintest $1000.set
  • EURUSD_Mintest $2000.set

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Frequently Asked Questions