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What is Bullet Expert MT4?
Bullet Expert MT4 is a fully automated Expert Advisor (EA) designed for high-speed level breakout scalping. Engineered for traders seeking precision, efficiency, and tactical flexibility, this EA executes trades using pending orders and is optimized for rapid market movements.
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About the Author
This product is compiled by Sabil Yudifera. This author has more than +11 years of experience working on MQL5 with many famous products such as Bullet Expert MT4, Bullet Expert MT5, Stochastic Global MT4, Keltner Channel MT4 and other advisors. Among them, Bullet Expert MT4 is his best performing products.
Bullet Expert MT4 Overview
Key Features of Bullet Expert MT4
🔹 Automated Trading Execution: Executes trades automatically using level breakout scalping strategies.
🔹 Pending Orders Strategy: Uses pending orders for precise and high-speed trading.
🔹 Customizable Trading Parameters: Offers adjustable lot sizes, trading strategies, and risk management settings.
🔹 Time-Controlled Trading: Allows setting daily and weekly start/finish times for optimized trade execution.
🔹 Slippage Protection: Advanced slippage defense mechanism for better trade accuracy.
Benefits of Bullet Expert MT4
🔹 High-Speed Scalping: Executes trades swiftly for maximum profitability.
🔹 Fully Automated System: Eliminates manual trading effort and ensures consistent performance.
🔹 Risk Management Control: Customizable Stop Loss, Take Profit and lot sizing to minimize losses.
🔹 Adaptable to Various Market Conditions: Works effectively on different timeframes and financial instruments.
🔹 User-Friendly Customization: Multiple settings allow traders to fine-tune strategies for optimal results.
Bullet Expert MT4 Review
🔶 Bullet Expert EA is a long-term automated trading system optimized for GBPUSD on the M30 timeframe. The backtest results cover a 10-year period (2001–2011), showcasing profitability, risk exposure, and strategy efficiency. Key performance metrics:
✅ Initial deposit: $100
✅ Total net profit: $3M
✅ Win rate: 70.55%
✅ Maximal drawdown: 1.61%
Bullet Expert MT4 Backtest Results
🔶 Bullet Expert EA – EURCAD Backtest Analysis 10 years (2001–2011). Key performance metrics:
✅ Initial deposit: $100
✅ Total net profit: $4.17M
✅ Win rate: 82.05%
✅ Maximum withdrawal: 0.92%
Bullet Expert MT4 Backtest
🔶 Bullet Expert EA – USDCAD Backtest Analysis 10 years (2001–2011). Key performance metrics:
✅ Initial deposit: $100
✅ Total net profit: $2.47M
✅ Win rate: 82.88%
✅ Maximal drawdown: 0.97%
Bullet Expert MT4 Backtests Results
Is Bullet Expert MT4 safe?
Bullet Expert MT4 demonstrates remarkable potential in delivering stable and reliable profits, making it a reliable tool in the forex market. Bullet Expert is highly regarded by the MQL5 community in many aspects and has gained the trust of its users.
➡️ Yu Hang Xiong (2017.08.03): “Risk control is done very well, profitability is relatively stable, comprehensive look, the monthly profit rate of about 15-30%. Igor will also be careful to remind you to warn of closing EA before the important economic news releases, avoiding the risk of sudden slippage. On the whole, it’s a nice EA program.”
Trading Specifications
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | М30 or Н1 |
| Currency pairs | XAUUSD (Gold), EURUSD, GBPUSD, AUDUSD, EURCAD, USDCAD, USDJPY. |
| Minimum / Recommended deposit | $100 |
| Minimum / Recommended leverage | Any |
| Product type | NoDLL / Unlimited / Unlocked |
| 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. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
1. Experts:
✅ Bullet Expert_fix.ex4
2. SetFiles:
✅ Bullet Expert_Dep100_LowRisk.set
✅ Bullet Expert_Dep100_MediumRisk.set
Conclusion
In short, The Bullet Expert is a powerful automated trading tool designed for high-speed execution using a level breakout scalping strategy. With its ability to trade multiple financial instruments simultaneously, traders can leverage a variety of input parameters, timeframes and market conditions to optimize their trading approach. The EA’s flexible risk management settings, including Stop Loss, Take Profit, Trailing Stop, and Breakeven options, provide enhanced control over trading outcomes.
Bullet Expert MT4 Settings Analysis & Full Review
Introduction to Bullet Expert MT4
Bullet Expert MT4 is a flexible automated trading system designed to combine trend-following and dynamic position management strategies. With features such as differentiated lot sizing, adaptive Take Profit (TP) levels, and built-in risk controls, this EA aims to deliver consistent results across varying market conditions.
The configuration shown reflects a moderate-risk setup with both long and short trade optimization, making it suitable for traders seeking balanced performance between stability and growth.
Capital & Lot Management Settings
| Parameter | Value | Description |
|---|---|---|
| Initial Deposit | 100.0 | Base capital reference for EA calculations |
| Fixed Lot | 0.05 | Starting lot size |
| Last Lot | 0.05 | Final lot in sequence |
| Lot Percent | 10.0 | Percentage-based lot sizing |
| Lot Type | Differentiated | Dynamic lot adjustment |
Analysis
- Combines fixed and percentage-based lot sizing
- “Differentiated” lot type suggests adaptive scaling
- 10% lot exposure → moderate to high risk
Suitable for small accounts with growth focus
Strategy Configuration
| Parameter | Value | Description |
|---|---|---|
| Strategy Type | Mild | Conservative/moderate trading mode |
| TakeProfit Start Distance | Long | TP behavior favors long trades |
| Bars Number | 233 | Historical data used |
| Distance | 500 | Trade spacing or entry filter |
| Inside Level | 150 | Entry sensitivity level |
Analysis
- “Mild” strategy → reduced aggressiveness
- Uses historical data (233 bars) for signal filtering
- Distance values suggest grid or spacing logic
Take Profit & Stop Loss Settings
| Parameter | Value | Description |
|---|---|---|
| Long TakeProfit | 1000 | TP for buy trades |
| Short TakeProfit | 10 | TP for sell trades |
| StopLoss | 30 | Standard SL |
| StopLoss Virtual | 30 | Hidden SL |
Analysis
- Highly asymmetric TP:
- Long trades → trend riding (large TP)
- Short trades → quick scalping exits
- Virtual SL helps hide stop levels from broker
Imbalance may cause directional bias
Trade Execution Limits
| Parameter | Value | Description |
|---|---|---|
| Symbol Orders Limit | 2 | Max open trades per symbol |
| Magic Number | 117151 | Unique EA ID |
Analysis
- Limits exposure → controls drawdown
- Suitable for low-risk portfolio management
Trading Time Configuration
| Parameter | Value | Description |
|---|---|---|
| Monday Start Time | 2.0 | Start trading Monday |
| Friday Finish Time | 22.0 | Stop before weekend |
| Daily Start Time | 1.0 | Daily session start |
| Daily Finish Time | 23.45 | Daily session end |
Analysis
- Nearly full-day trading coverage
- Avoids weekend gaps
- Optimized for continuous market participation
Spread & Slippage Control
| Parameter | Value | Description |
|---|---|---|
| Spread Maximum | 10 | Max allowed spread |
| StopLevel Maximum | 10 | Broker stop level filter |
| Slippage | 0 | No slippage tolerance |
| Slippage Defense | 5 | Protection buffer |
| Use Slippage Defense | true | Enable protection |
Analysis
- Strict slippage = precise execution
- Spread 10 → moderate tolerance
- Slippage defense improves execution safety
Trade Management Features
| Parameter | Value | Description |
|---|---|---|
| Pips for Breakeven | 1 | Early BE activation |
| Pips for TrailingStop | 5 | Start trailing quickly |
| Use TP Management | true | Dynamic TP control |
| Use Daily Pause | true | Pause trading logic |
| Connection Control | true | Monitors connection |
Analysis
- Very tight BE → protects capital early
- Fast trailing stop → locks profits quickly
- Daily pause → prevents overtrading
Additional Features
| Parameter | Value | Description |
|---|---|---|
| Send Mail | true | Email notifications |
| Print Report | true | Performance logging |
| Language | English | Interface language |
Key Strengths of Bullet Expert MT4
Balanced Strategy Approach
Combines trend-following (long TP) and scalping (short TP)
Strong Risk Control
- Breakeven at 1 pip
- Limited open trades
- Slippage defense enabled
Flexible Lot Management
Adaptive lot sizing improves capital efficiency
Continuous Trading Capability
Nearly 24-hour operation with weekend protection
Potential Risks
Asymmetrical Trade Logic
Large TP for long trades vs small TP for short trades
High Lot Exposure (10%)
Can increase drawdown risk
Tight Breakeven
May cause premature trade exits
Spread Sensitivity
Needs stable broker conditions
Optimization Suggestions
- Reduce Lot Percent to 2–5% for safety
- Balance Long & Short TP for consistency
- Increase Breakeven to 5–10 pips
- Use ECN broker with low latency
Conclusion
The Bullet Expert MT4 EA settings demonstrate a hybrid trading strategy combining:
- Trend-following (large TP for long trades)
- Scalping (small TP for short trades)
- Dynamic lot management
- Advanced risk control mechanisms
This configuration is best suited for traders who:
- Want a semi-aggressive but controlled EA
- Prefer multi-strategy automation
- Trade on low-spread, stable brokers
With proper optimization, Bullet Expert MT4 can deliver consistent performance while maintaining risk discipline, making it a strong candidate for both beginner and intermediate automated traders.
User Reviews
Only logged in customers who have purchased this product may leave a review.
1. What is Bullet Expert MT4?
Bullet Expert MT4 is a fully automated trading system designed for high-speed level breakout scalping. It executes trades using pending orders and is optimized for rapid market movements.
2. How does Bullet Expert MT4 work?
The EA identifies breakout levels, places pending orders, and executes trades when price movements trigger those levels. It includes advanced risk management settings like Stop Loss, Take Profit, and Trailing Stop.
3. What financial instruments does Bullet Expert MT4 trade?
Bullet Expert MT4 can trade multiple instruments simultaneously, including:
✔ Forex pairs: EURUSD, GBPUSD, AUDUSD, EURCAD, USDCAD, USDJPY
✔ Commodities: XAUUSD (Gold)
4. What is the recommended time frame for trading?
The EA is optimized for M30 (30-minute) and H1 (1-hour) timeframes, ensuring efficiency in breakout scalping strategies.
5. What are the minimum deposit and leverage requirements?
✔ Minimum deposit: $100
✔ Leverage: Any (though higher leverage may allow for greater flexibility)
6. How profitable is Bullet Expert MT4?
Backtest results over a 10-year period (2001–2011) show:
✔ GBPUSD (M30): $3M profit, 70.55% win rate
✔ EURCAD (M30): $4.17M profit, 82.05% win rate
✔ USDCAD (M30): $2.47M profit, 82.88% win rate
✔ AUDUSD (M30): $2.2M profit, 82.47% win rate
7. Is Bullet Expert MT4 beginner-friendly?
Yes. The EA is fully automated, requiring minimal manual intervention. A detailed setting guide is included to assist with installation and configuration.
8. Does Bullet Expert MT4 have risk management features?
Yes. It includes Stop Loss, Take Profit, Breakeven StopLoss, Trailing Stop, and other customizable settings to minimize drawdowns and maximize profits.
9. What brokers and VPS services are recommended?
✔ Recommended brokers: Exness Broker, HTFX Broker
✔ Recommended VPS: MyfxVPS.com (low latency, free trial available)
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