๐งฉ What is EA Iron Machine?
EA Iron Machine is an automated trading system built around fixed-lot execution, profit-target precision, and strong fundamental risk control via a news filter. The Expert Advisorย (EA) focuses on clean entries, avoids high-impact volatility, and keeps the strategy structure simple and transparent.
๐ Core Trading Parameters
| Parameter | Value | Analysis |
|---|---|---|
| FilterBars | true | Trades are filtered by candle logic to reduce false signals. |
| Minimum Distance Between Trades | 0 | Allows immediate re-entries when conditions are met. |
| Take Profit (Points) | 100 | Moderate profit target, suitable for short-term strategies. |
| Profit in $ | 1.0 | Monetary profit cap per cycle, ideal for small accounts. |
| Stop Loss for Each Trade | 0 | No hard SL; exits rely on logic and filters. |
โก๏ธ The EA emphasizes controlled exits over rigid stop losses, relying on trade filtering and profit limits.
๐ฐ Lot Size & Position Management
| Parameter | Value | Impact |
|---|---|---|
| Starting Lot Size | 0.01 | Very conservative entry size. |
| Increment Steps | 0.01 | Linear lot increase (not martingale). |
| Max Spread | 0 | No spread restriction applied. |
| Magic Number | 423423 | Unique trade identification. |
| Show Profits in Chart | true | Transparent performance tracking. |
โก๏ธ Fixed micro-lots make the EA beginner-friendly and low risk, especially for cent or small accounts.
๐ฐ News Filter Protection (Key Strength)
| Parameter | Value | Explanation |
|---|---|---|
| Enable News Filter | true | EA avoids trading during major news. |
| News File | NewsEvents.csv | Uses scheduled economic data. |
| Minutes Before News | 60 | Stops trading 1 hour before events. |
| Minutes After News | 10 | Resumes trading safely after volatility. |
| Close All Open Trades | false | Existing trades remain active. |
| High Impact News | true | High-impact events filtered. |
| Medium / Low Impact | false | Only major news is avoided. |
โก๏ธ This makes EA Iron Machine MT4 fundamentally safe and suitable for prop firm rules or news-sensitive brokers.
๐ RSI Filter Settings (Optional)
| Parameter | Value | Analysis |
|---|---|---|
| Enable RSI Filter | false | RSI logic currently disabled. |
| RSI Period | 14 | Standard RSI configuration. |
| Apply To | Close Price | Classic RSI calculation. |
| Upper Level | 70 | Overbought threshold. |
| Lower Level | 30 | Oversold threshold. |
โก๏ธ RSI filter can be enabled to add momentum confirmation, but is disabled in this preset to keep signals more frequent.
๐ง Strategy Summary
EA Iron Machine MT4 uses a fixed-lot automated trading strategy with moderate take profit targets, incremental position sizing, and a powerful high-impact news filter. The EA prioritizes capital protection, avoids volatile economic events, and is optimized for stable market conditions with low manual intervention.
โญ Rating & Risk Level
โญ Overall Rating: 7.9 / 10
EA Iron Machine MT4 delivers solid risk control, excellent news-based protection, and simple execution logic.
โ ๏ธ Risk Level: Low to Medium
| Risk Factor | Level |
|---|---|
| Lot Size | Low |
| Lot Scaling | Linear |
| Stop Loss | Logical (No fixed SL) |
| News Exposure | Very Low |
| Drawdown Potential | Medium |
| Account Type | Small / Cent / Conservative |
โ Final Conclusion
EA Iron Machine is a conservative automated trading robot designed for traders who value news avoidance, small fixed lots, and steady profit targets. With a strong economic news filter, optional RSI confirmation, and incremental lot progression, the EA is well-suited for low-risk trading environments. However, the absence of a hard stop loss means it performs best on reliable brokers with stable execution and disciplined leverage.
