๐งฉ Overview of Position Trader EA MT4
Position Trader EA is a semi-aggressive to conservative automated trading system designed around ADR (Average Daily Range) reversal, RSI mean reversion, and trend-filtered entries using Moving Averages. The EA is optimized for controlled risk, limited trade frequency, and position-style trade management, making it suitable for long-term and prop-firm-friendly trading.
๐ ADR Reversal Strategy Settings
- Percent of ADR to take trades: 125%
โ Trades are only triggered when price exceeds normal daily volatility, filtering out low-probability setups. - Last closed candle must be beyond ADR level: true
โ Confirms genuine price exhaustion before entry.
๐ Assessment:
This configuration ensures high-quality reversal trades and avoids early counter-trend entries.
๐ฏ Entry Signal Settings
โก๏ธ Candlestick & Signal Filters
- 3-bar reversal signal: disabled
- Candle wick filters:
- Candle 3 max wick: 30%
- Candle 2 min wick: 20%
- Candle 1 max wick: 30%
These wick filters help identify rejection and exhaustion patterns.
โก๏ธ Trend Confirmation
- Moving Average entry signal: enabled
- MA Method: Exponential
- MA Type: Close Price
- MA Period: 9
๐ Assessment:
EMA(9) acts as a short-term trend filter, preventing entries against strong momentum.
โฐ Auto Trading Time Control
- Trading window: 01:00 โ 23:00 (broker time)
๐ Assessment:
Nearly full-day trading coverage while still avoiding low-liquidity rollover periods.
โณ Timed-Based Exit Rules
- Friday close all trades: disabled
- Exit after fixed hours: disabled
- Individual trade exit after hours: 24 (inactive)
๐ Assessment:
Trades are managed based on market conditions, not time, ideal for position trading.
โ๏ธ Miscellaneous Settings
- Multi-direction trading (hedging): disabled
- Delete objects on EA removal: true
- ADR calculation period: 10 days
- Live chart trade buttons: enabled
- Magic Number: 999
๐ Assessment:
Clean chart management and single-direction exposure improve account safety.
๐ค Auto Strategy Entry Configuration
- One new signal per day: enabled
- ADR reversal strategy: enabled
- RSI mean reversion strategy: enabled
๐ Assessment:
This combination enforces low-frequency, high-confidence trades, perfect for drawdown control.
๐ฐ Risk Management (Critical Strength)
- ADR-based stop calculation: 1.0ร ADR
- Risk per trade (ADR-based): 0.25
- Fixed lot size: disabled
- Delete stop losses on normal entries: true
๐ Assessment:
Risk is volatility-adjusted, not fixed, making it adaptable across symbols and market conditions.
โ Additional Trade Entry Settings
- Lot multiplier for add-on trades: 1.1
- Distance between trades: 0.5 ADR
- Signal candle must close beyond next entry line: true
๐ Assessment:
Very mild scaling strategy โ not martingale, suitable for conservative averaging.
๐ฏ Exit Target Configuration
โก๏ธ Percentage of Balance Targets
- Single trade target: 0.5%
- Multi-trade (same direction): 1.0%
- Combined long & short: disabled
โก๏ธ ADR-Based Exit
- Close all trades at 1.0ร ADR
๐ Assessment:
Clear, realistic profit expectations, aligned with prop firm rules.
๐ Drawdown Control Settings
- Percentage-based DD control: disabled
- Max open trades: 6
- Force close at max DD target: disabled
- Close all trades at 5% drawdown: disabled
โก๏ธ Aggressive DD Control
- Aggressive recovery trades: disabled
๐ Assessment:
EA prioritizes natural recovery over risky drawdown manipulation.
๐ RSI Mean Reversion Strategy Settings
- RSI Period: 21
- RSI Price Type: Median Price
- RSI Timeframe: H1
- Overbought: 70
- Oversold: 30
- Candle must close beyond RSI level: true
๐ Assessment:
Higher RSI period + H1 timeframe = strong confirmation, reducing false reversals.
โ Final Verdict: Is Position Trader EA MT4 Good?
โ Strengths
- Excellent ADR + RSI hybrid strategy
- Conservative volatility-based risk management
- Prop-firm friendly (low frequency, capped exposure)
- No martingale or grid dependency
- Strong drawdown protection by design
โ ๏ธ Weaknesses
- Low trade frequency (not for scalpers)
- Requires patience in ranging or slow markets
- Profit growth is steady, not aggressive
๐ Overall Rating
โญ 8.8 / 10 โ A Professional-Grade Position Trading EA
Position Trader EA MT4 is ideal for traders seeking consistent, rule-based performance with strong risk control, especially for funded accounts, swing traders, and long-term portfolio automation.
