First Shot EA MT4 (Latest version) - Unlimited

First Shot EA MT4: Volatility Change Trend Scalper

First Shot EA is a trend scalper that bases its strategy on detecting unusually active volatility changes compared to the recent past. It uses a simple Moving Average as a directional filter and strictly does NOT use Martingale. The EA is optimized for four major currency pairs on the M5 timeframe and calculates lot size directly based on MaxRisk and Stop Loss.

➡️ Vendor website: View here

About the Author

This product is compiled by Evgeniy Zhdan. This author has more than +12 years of experience working on MQL5 with many famous products such as MagicBands EA, IncaGold EA, Stream Z50 EA, PinTrade MT4 and other advisors. Among them, MagicBands EA is his best performing product.

➡️ Delivery time 24h-48h after payment.
➡️ Refund if not delivered.
➡️ You will receive the current version without any limitations (ID+Time).

First Shot EA MT4 Review

Key Features of First Shot EA for MT4

🔹Volatility Change Detection: Strategy is based on defining volatility level change compared to a certain time period.
🔹Trend Direction Filter: Uses a simple Moving Average (MA) to filter the overall movement direction.
🔹SL-Based Lot Sizing: Trading lot is calculated inversely depending on the Stop Loss size and MaxRisk.
🔹Execution Quality Control: Settings allow limiting operation during spread and slippage expansions.
🔹Non-Martingale System: The system is a pure trend scalper and Martingale is not used.

What is the First Shot EA trading strategy?

The core strategy is trend scalping initiated by a surge in market activity. The EA constantly monitors the volatility level and begins work when price movement becomes unusually active.

🔹Active Volatility Entry: Begins work when price movement becomes unusually active within a certain time period.
🔹MA Direction Filter: Simple Moving Average is utilized to confirm the appropriate movement direction.
🔹Precise Risk Definition: Lot size ensures loss equals the deposit percentage set in MaxRisk when hitting SL.
🔹Profit Trailing: Trailing Stop feature is available (Start and Step) for dynamic profit locking.

First Shot EA MT4 Review

🔹The First Shot EA backtest trading results achieved impressive profit performance for 19 months on the USDJPY.

✅ Initial Deposit: $300
✅ Total Net Profit: $12,285.36
✅ Win Rate (% of total): 74.41%
✅ Maximum Drawdown: 39.13%

First Shot EA MT4 Backtest

🔹The First Shot EA backtest trading results achieved impressive profit performance for 19 months on the GBPUSD.

✅ Initial Deposit: $300
✅ Total Net Profit: $716,476.67
✅ Win Rate (% of total): 71.77%
✅ Maximum Drawdown: 29.93%

First Shot EA Backtest

Why choose and use First Shot EA?

🔹Disciplined Risk: Strictly no Martingale and MaxRisk parameter ensures risk is defined and contained per trade.
🔹High-Speed Execution: Optimized for scalping on the M5 timeframe for fast, short-duration trades.
🔹Execution Filtering: Allows limiting trades based on Max Spread and Slippage for better execution quality.
🔹Set-and-Forget: Minimal settings required, focusing on core risk, profit, and indicator period.
🔹Major Pair Focus: Recommended for GBPUSD, EURUSD, USDJPY, and USDCAD on the M5 timeframe.

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

➡️ Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

✅ Experts: First Shot EA_fix.ex4

Conclusion

In short, First Shot for MT4 is a smart trend scalping system that activates during volatility surges, combining precise risk control and MA-based direction filtering. With SL-based lot sizing, trailing profit locks, and no Martingale strategy, it ensures disciplined trading and stable performance. Proven by strong backtests, First Shot EA delivers speed, accuracy, and reliability for traders seeking consistent short-term gains.