Icaro EA MT4 (Latest version) - Unlimited
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Quick Overview
Icaro EA is an automated Expert Advisor (EA) for MetaTrader 4 made only for the NAS100 index on the M1 chart. It has a very short list of inputs: lot size, a small take profit, a stop loss that is left at zero and a minimum interval between trades. The product information does not describe the entry strategy or publish any results.
Best For:
✅ NAS100 traders who use the M1 chart.
✅ Users who like very short settings lists.
✅ Traders who accept no fixed stop loss.
✅ Users who test with a low spread broker.
What is Icaro EA MT4?
Icaro EA is an automated trading Expert Advisor (EA) developed for the MetaTrader 4 platform, specifically designed to trade the NAS100 index on the M1 (1-minute) timeframe. It provides customizable trading parameters, including lot size, take profit, stop loss, and the minimum time interval between trades, allowing traders to adjust position sizing and trade management according to their preferences. Its entry strategy is not explicitly disclosed in the product description.
⭐ Vendor Website: View here
⭐ Delivery time 24h-48h after payment.
⭐ Refund if not delivered.
⭐ You will receive the current version without any limitations (ID+Time).
Icaro EA MT4 Review
Icaro EA MT4 Trading Strategy
Trade Only NAS100
The product states that the EA is for the NAS100 index only, so it should not be attached to any other symbol.
Work on the M1 Chart
The recommended timeframe is M1, which means very frequent price changes and a strong effect from spread and slippage.
Take Small Profits
A small fixed take profit closes each trade after a short move, so the system aims at many quick gains and not large targets.
Space Trades by a Minimum Interval
A minimum interval input controls how soon a new trade may open after the last one, which limits trade frequency.
Leave the Fixed Stop Loss Empty
The recommended setup keeps the stop loss at zero, so protection depends on account size and not on a per trade stop.
Historical Trading Results Performance
Icaro EA was backtested across 377,383 historical bars, generating 49 trades with a total net profit of $10,349.80.
Icaro EA MT4 Backtest Results
Icaro EA Backtest Results
| Parameter | Results |
|---|---|
| Initial Deposit | $10,000 |
| Total Net Profit | $10,349.80 |
| Total Trades | 49 |
| Winning Trades | 100% |
| Losing Trades | 0% |
| Maximum Drawdown | 36.88% |
Key Features of Icaro EA MT4
Index Specific Design
The EA is made for NAS100 only, which keeps the setup narrow and ties the results to the behavior of one fast moving index.
Very Short Settings List
Only four inputs control the EA, which makes it quick to install, quick to test and easy to compare between different brokers.
Adjustable Lot Size
The lot input sets the trade volume, and the product gives a sizing rule linked to the account balance that must be checked with care.
Fixed Take Profit
A small take profit value closes each trade at a planned target, so every position has a defined profit exit from the start.
Optional Stop Loss Input
A stop loss input exists but is left at zero in the recommended setup, so a trader may add a stop manually if one is wanted.
Minimum Trade Interval
A minimum interval setting keeps new trades from opening too quickly, which helps control trade frequency on the one minute chart.
Spread Awareness
The product names a recommended spread level for the index, which shows that broker cost is a key part of this EA setup.
Risk Management
There Is No Fixed Stop Loss
Without a stop-loss a strong move against the position can create a very large loss on a volatile index.
The Lot Rule Can Be Too Large
Sizing the lot from the balance in the way the product suggests can put a big share of the account at risk.
A Small Target Means Thin Margins
A short take-profit leaves little room for spread and slippage, which can erase the gain of a trade.
The M1 Chart Amplifies Costs
Frequent trading on a fast chart multiplies the effect of spread, so a high spread broker can ruin the results.
Index Gaps and News Moves
NAS100 can jump on data releases and at the open, so open positions without a stop face sudden large losses.
What Sets It Apart
NAS100 Only Focus
Many robots cover several symbols, while this one is limited to a single index and a single timeframe.
Four Input Design
The whole EA is controlled by four inputs, which is far less than most scalping robots offer in their panels.
Small Target Approach
The small take profit means each trade is short, so the EA depends on a high number of quick wins.
Tested Broker Mention
The product names a broker used for testing, which shows where it was run but proves nothing about results.
Recommended Trading Conditions
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | M1 |
| Currency pairs | NAS100 |
| Minimum / Recommended deposit | $100+ |
| Minimum / Recommended leverage | Any |
| Account type | Any |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com (Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
Product Download Package?
The download package of the product suite includes:
✅ Experts: Icaro EA.ex4
Final Verdict
Icaro EA MT4 is a very simple NAS100 robot for the M1 chart with only four inputs: a lot size, a small take profit, a stop loss left at zero and a minimum interval between trades. The product does not explain its entry strategy, publishes no results and suggests a balance based lot rule that can create large positions without any fixed stop. Careful traders should lower the lot far below that rule, compare broker spreads and run a long demo test before risking any real money at all.
🔢 Icaro EA MT4 Settings Guide: Complete Inputs and Parameters Explained
Icaro EA MT4 is an automated trading Expert Advisor designed for the MetaTrader 4 platform. Its input configuration provides essential trade-management parameters, including position sizing, take-profit targets, stop-loss settings, and a minimum trading interval.
With a straightforward configuration panel, Icaro EA MT4 allows traders to adjust trading volume and exit conditions according to their account size, trading preferences, and risk management requirements.
This guide explains all 4 parameters displayed in the Icaro EA MT4 settings panel, preserving their original names and exact default values.
Icaro EA MT4 Settings Panel
⚙️ Lot Size and Position Management
🔹 Lots = 0.1: Sets the trading volume to 0.1 lots. This determines the configured position size used when Icaro EA MT4 opens a trade.
⚙️ Take Profit and Stop Loss Settings
🔹 TP = 5.0: Sets the take-profit parameter to 5.0. This defines the configured profit target for closing a trade when the market reaches the specified level. The exact measurement unit, such as pips or points, depends on the EA’s internal implementation.
🔹 SL = 0.0: Sets the stop-loss parameter to 0.0. This indicates that no numerical fixed stop-loss distance is configured through this input. Traders should verify whether the EA uses alternative exit or protective mechanisms.
⚙️ Trading Interval Settings
🔹 min = 10: Sets the minimum interval parameter to 10. This may control the minimum waiting time or spacing between trading operations, depending on the EA’s internal logic. Verify whether the value represents minutes, points, or another measurement unit.
⚙️ Important Configuration Considerations
🔹 Position Sizing: Lots = 0.1 establishes the configured trading volume. Traders should ensure that this position size is appropriate for their account balance, leverage, and risk tolerance.
🔹 Take-Profit Management: TP = 5.0 defines the configured profit target. Confirm the measurement unit and whether the EA applies this target to individual trades or another level of trade management.
🔹 Stop-Loss Protection: SL = 0.0 indicates that the fixed stop-loss input is not configured with a positive distance. Consider the potential exposure of open positions and verify whether other protective exit mechanisms are available.
🔹 Trading Interval: min = 10 provides a configurable minimum interval. Understanding how this parameter affects trade frequency can help traders evaluate the EA’s execution behavior.
🔹 Broker Compatibility: Check the broker’s minimum lot size, volume increments, spread, and execution conditions to ensure that the configured 0.1-lot position size is supported.
🔢 Conclusion
Icaro EA MT4 provides a simple trading configuration with four main parameters covering position sizing, profit targets, stop-loss management, and trading intervals.
The displayed settings use Lots = 0.1, TP = 5.0, SL = 0.0, and min = 10. These inputs allow traders to configure the EA’s basic trade volume and exit-management conditions.
Before running Icaro EA MT4 on a live account, traders should verify the units used by TP and min, understand the implications of setting SL = 0.0, and confirm that the 0.1-lot position size is appropriate for their account. Backtesting and demo trading are recommended to evaluate the EA’s behavior under different market conditions.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is Icaro EA MT4?
An automated Expert Advisor for MetaTrader 4 made only for the NAS100 index on the M1 chart.
❓ Which symbol does Icaro EA MT4 trade?
NAS100
❓ Which timeframe does Icaro EA MT4 use?
M1
❓ Does Icaro EA MT4 use a stop loss?
The recommended setup keeps the stop loss at zero, so no fixed stop loss is used.
❓ Does Icaro EA MT4 use a take profit?
Yes. A small fixed take profit closes each trade.
❓ How does Icaro EA MT4 choose entries?
The product information does not describe the entry strategy.
❓ How many inputs does Icaro EA MT4 have?
Four: lot size, take profit, stop loss and a minimum interval between trades.
❓ How should the lot be set in Icaro EA MT4?
The product gives a rule based on the balance, but it can create large positions, so a much lower lot should be tested first.
❓ Which spread does Icaro EA MT4 need?
The product recommends a specific spread level for the index, and a lower cost broker is better for a one minute system.
❓ Is Icaro EA MT4 a grid or martingale EA?
The product information does not mention grid or martingale logic, but it also does not explain the strategy.
❓ Should Icaro EA MT4 be tested on demo first?
Yes. A demo trial helps confirm the behavior, the spread cost and the lot size before real money is used.
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