🔶 What is TSR FX Master Expert Advisor (EA)?
TSR FX Master EA for MetaTrader 4 (MT4) is a technical indicator-based automated trading system that combines Bollinger Bands (BB), Relative Strength Index (RSI), and trend filtering to identify entry signals.
The advisor also integrates risk management features, pending order execution, and trade control to provide a structured and disciplined trading approach.
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This Expert Advisor (EA) is suitable for traders who prefer indicator-driven strategies with controlled trade frequency and flexible order execution.
🔶 General Trading Configuration
| Parameter | Value | Description |
|---|---|---|
| Magic Number | 111 | Unique identifier for trades. |
| Trading Hours | 00:00 – 24:00 | Trades all day. |
| Main Trend TF | current | Uses current timeframe. |
| Timeframe | current | No higher TF filter applied. |
👉 Insight: Operates continuously → high market exposure.
🔶 Indicator Settings (Core Strategy)
🎯 Bollinger Bands (BB)
| Parameter | Value | Description |
|---|---|---|
| BB Period Buy | 50 | Period for BB calculation. |
| BB Deviation | 2.0 | Standard deviation. |
| BB Period Buy1 | 50 | Secondary BB setting. |
| BB Dev1 | 2.0 | Secondary deviation. |
🎯 RSI Settings
| Parameter | Value |
|---|---|
| RSI Period | 14 |
| Buy Level | 30 |
| Sell Level | 70 |
👉 Insight:
- Combines BB + RSI for overbought/oversold signals
- Suitable for mean-reversion strategies
🔶 Trend Filter
| Parameter | Value | Description |
|---|---|---|
| Main Trend | 14 | Trend period. |
👉 Insight: Adds basic trend confirmation.
🔶 Order Execution Settings
| Parameter | Value | Description |
|---|---|---|
| Market Orders | false | Disabled. |
| Stop Orders | true | Uses pending stop orders. |
| Limit Orders | false | Disabled. |
👉 Insight: Focuses on breakout-style entries via stop orders.
🔶 Risk Management
| Parameter | Value | Description |
|---|---|---|
| Auto Risk % | 1.0 | Risk per trade. |
| Take Profit % | 1.0 | Target profit level. |
| All Profit Target | 4.0 | Basket profit target. |
| All Loss | 500 | Max loss threshold. |
| Lot Size | 0.01 | Fixed lot. |
👉 Insight:
- Balanced risk setup.
- Includes basket-level management.
🔶 Trade Control & Grid Elements
| Parameter | Value | Description |
|---|---|---|
| Max Orders | 6 | Maximum trades. |
| Stop Delta | 150 | Distance for stop orders. |
| Limit Delta | 500 | Distance for limit orders. |
👉 Insight:
- Limited grid-like behavior (max 6 orders).
- Controlled exposure.
🔶 Stop Loss & Take Profit
| Parameter | Value | Description |
|---|---|---|
| Take Profit | 0 | Disabled (uses % TP). |
| Stop Loss | 0 | Disabled (uses global controls). |
👉 Insight: Uses percentage-based exit instead of fixed SL/TP.
🔶 Trailing Stop Settings
| Parameter | Value | Description |
|---|---|---|
| Profit Trailing | false | Disabled. |
| Trailing Stop | 120 | Trailing level. |
| Trailing Step | 30 | Adjustment step. |
👉 Insight: Trailing available but not active.
🔶 Trade Logic & Closing Rules
| Parameter | Value | Description |
|---|---|---|
| Closing on Candle | true | Uses candle close signals. |
| Close Reverse Signal | true | Closes on trend reversal. |
👉 Insight: Dynamic exit logic improves adaptability.
🔶 Strategy Evaluation
🎯 Strengths
- Combines BB + RSI + trend filtering
- Uses stop orders for breakout entries
- Basket profit/loss management
- Controlled max orders (6)
- Risk per trade set to 1%
- Reversal-based exit logic
🎯 Weaknesses
- No fixed SL/TP → relies on global controls
- Trailing stop disabled
- Always active (no time filter)
- Limited advanced filters (no news/spread filter)
- Moderate grid exposure
🔶 Conclusion
The TSR FX Master EA configuration is a technical indicator-based trading system that combines Bollinger Bands, RSI and Trend filtering with pending order execution. It is designed to capture both mean-reversion and breakout opportunities, offering flexibility in different market conditions.
With features like basket-level profit control, reversal exits, and stop order entries, it provides a structured trading approach without relying on aggressive strategies like Martingale.
However, the lack of fixed Stop Loss (SL), trailing activation, and time filters requires careful monitoring and optimization.
👉 Final Verdict: TSR FX Master EA is a balanced and indicator-driven trading system, suitable for traders who prefer technical analysis automation with controlled risk, but it benefits from additional safety enhancements for long-term stability.