๐งฉ What is Forex Gump EA?
Forex Gump EA is an automated trading robot designed around RSI-based entries, step/grid-style trade management and volume filtering.
From the settings panel, this EA combines trend-following logic with controlled multi-order execution, making it suitable for active intraday trading rather than long-term investing.
๐ถ Vender Website: View here
๐งฉ Main Trading Logic Settings
| Parameter | Value | Explanation & Trading Impact |
|---|---|---|
| robot_step | 5 | Defines the minimum price step (points/pips) between EA actions. Smaller values = more frequent trades. |
| rsi | 4 | Very fast RSI period, reacts quickly to price changes โ suitable for scalping or short-term entries. |
| StopLossSell | 45 | Stop loss (points) for sell orders. Moderate risk control. |
| StopLossBuy | 90 | Stop loss (points) for buy orders. Higher than sell SL โ asymmetric risk profile. |
| TakeProfit | 50 | Fixed take profit target. Balanced for intraday trading. |
| TrailingStop | 50 | Locks profit once price moves favorably. Reduces risk exposure. |
๐ถ Assessment: Forex Gump EA uses fast RSI signals with fixed TP/SL, making it responsive but sensitive to market noise.
๐งฉ Financial (Money Management) Parameters
| Parameter | Value | Explanation |
|---|---|---|
| lots | 0.03 | Fixed lot size per order. Suitable for small to medium accounts. |
| loss | 0.005 | Risk control coefficient (likely drawdown or loss limiter). Helps protect account equity. |
๐ถ Assessment: This EA uses fixed-lot trading, not martingale. Risk remains predictable as long as max orders are controlled.
๐งฉ Signal Filter Settings
| Parameter | Value | Purpose & Effect |
|---|---|---|
| step | 55 | Minimum distance filter between signals. Prevents overtrading in ranging markets. |
| volumeSell | 15 | Minimum volume condition to allow sell trades. |
| volumeBuy | 35 | Higher volume requirement for buy trades, confirming stronger bullish momentum. |
๐ถ Assessment: Volume-based filtering improves signal quality and reduces false entries during low-liquidity periods.
๐งฉ Extra Options & Risk Controls
| Parameter | Value | Explanation |
|---|---|---|
| max_orders | 12 | Maximum number of simultaneous trades allowed. High value โ grid-style exposure. |
| max_spread | 15 | Prevents trading when spread is too high (important for scalping). |
| Magic | 87654 | Unique identifier to separate EA trades from others. |
| comment | ForexGumpEA | Trade comment for tracking in MT4 history. |
๐ถ Assessment: The max_orders = 12 setting indicates grid behavior, which can significantly increase drawdown if the market trends strongly against positions.
๐งฉ Strengths of Forex Gump EA MT4
โ Fast RSI-based entry logic.
โ Volume filter improves trade accuracy.
โ Trailing stop for profit protection.
โ Spread filter avoids bad market conditions.
โ Fixed lot size (no martingale multiplier).
๐งฉ Weaknesses & Risk Considerations
โ High max_orders value increases exposure.
โ Asymmetric stop loss (Buy SL > Sell SL).
โ Fast RSI (period 4) may overtrade in sideways markets.
โ Requires strong risk discipline and broker quality.
๐งฉ Recommended Usage Conditions
| Criteria | Recommendation |
|---|---|
| Account type | Standard / ECN |
| Minimum balance | $500 โ $1,000 |
| Timeframe | M5 โ M15 |
| Currency pairs | Major pairs (EURUSD, GBPUSD) |
| VPS | Recommended |
| Trader level | Intermediate to advanced |
๐งฉ Final Conclusion
Forex Gump EA is a fast, active trading Expert Advisorย (EA) that combines RSI momentum, volume confirmation, and grid-style order management.
While the EA offers strong signal filtering and trade protection features, the high maximum number of orders makes it more suitable for experienced traders who understand drawdown control and broker conditions.
