FTMO Smart Trader EA MT4 (Latest version) - Unlimited
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What is FTMO Smart Trader EA?
FTMO Smart Trader EA MT5 is a professional Expert Advisor (EA) for automated trading, designed for disciplined EURUSD scalping with advanced indicators and rigorous risk management. The EA focuses on stability, low capital loss, and adaptability, helping traders achieve consistent trading performance while meeting professional capital requirements.
Vendor Website: View here
About the Author
This product is compiled by Tshivhidzo Moss Mbedzi. This author has more than +4 years of experience working on MQL5 with many famous products such as FTMO Smart Trader EA MT4, Auzar MT5, Apex Drawdown Zero MT5, Vader Volatility Trading System MT5 and other advisors. Among them, FTMO Smart Trader EA is his best performing products.
FTMO Smart Trader EA MT4 Review
Key Features of FTMO Smart Trader EA MT4
🔹 Prop Firm Optimized Trading Logic: Designed to align with strict drawdown and consistency requirements.
🔹 Low Drawdown Risk Management: Uses controlled Stop Loss (SL) and dynamic Take Profit (TP) for stable capital preservation.
🔹 Momentum-Based Scalping Strategy: Targets precise EURUSD opportunities during low-volatility sessions.
🔹 No Grid or High-Risk Recovery Methods: Maintains disciplined execution with independent trade logic.
🔹 Pre-Optimized Plug-and-Play Setup: Easy deployment with settings tailored for professional trading use.
Why Choose & Use FTMO Smart Trader EA MT4?
🔹 Stable and Consistent Trading Performance: Designed for long-term sustainability and disciplined growth.
🔹 Professional-Level Risk Management Tools: Helps traders maintain strict capital protection standards.
🔹 Adaptable for Funded Trading Environments: Suitable for prop firm accounts and evaluation programs.
🔹 Simple Setup with Structured Automation: Easy to configure while maintaining advanced trading logic.
🔹 Marketplace-Ready Professional EA Solution: Ideal for traders seeking reliable and low-risk automation.
FTMO Smart Trader EA MT4 Review
The FTMO Smart Trader EA achieved impressive profit performance when trading with EURUSD. Trading results on real account for 2 consecutive weeks of trading.
✅ Initial Deposit: $50,000
✅ Growth Rate: +18%
✅ Win Rate (% of total): 61.3%
✅ Maximum Drawdown: 1.1%
FTMO Smart Trader EA Signal Results
FTMO Smart Trader EA Trading Results
FTMO Smart Trader EA MT4 Trading Results
What is the FTMO Smart Trader EA MT4 Trading Strategy?
🔹 EURUSD Momentum Scalping Framework: Captures short-term price movements with precise entry timing.
🔹 Low-Volatility Session Trading Logic: Operates during quieter market hours for cleaner execution.
🔹 Structured Stop Loss and Take Profit: Protects trades with predefined risk and reward parameters.
🔹 Technical Indicator Confirmation System: Filters setups to improve trade quality and reduce noise.
🔹 Professional Risk-Controlled Execution: Focuses on consistency and disciplined account management.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | M1 (Optimized for precision scalping) |
| Currency pairs | EURUSD |
| Minimum / Recommended deposit | $200 (Recommended $1,000+ for professional risk scaling) |
| Minimum / Recommended leverage | 1:20+ |
| Account types | 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:
Experts: FTMO Smart Trader EA_fix.ex4
Conclusion
In short, FTMO Smart Trader EA MT4 is a professional automated trading solution designed for prop firm traders who prioritize consistency, low drawdown and disciplined execution. With its EURUSD momentum scalping strategy, fixed stop loss protection, and optimized low-volatility trading window, the EA provides a structured approach for funded account challenges while avoiding risky martingale or grid systems.
FTMO Smart Trader EA MT4 Settings Explained & Risk Analysis
Introduction to FTMO Smart Trader EA MT4
FTMO Smart Trader EA is a professional breakout-style Expert Advisor (EA) developed for MetaTrader platforms, specifically designed for prop firm trading environments such as FTMO. The EA combines time-based range breakout logic, percentage risk management, trade filtering, and dashboard visualization to help traders maintain disciplined execution while complying with prop firm risk rules. With customizable trading windows and advanced visual controls, this EA is suitable for traders who focus on structured and controlled trading strategies.
Full Parameters
- Magic Number (from MT5) = 123456: Unique identifier (123456) used to manage and track trades opened by the EA.
- Author / contact (shown on dashboard) = https://linktr.ee/mcplabsforex: Displays the author or contact link directly on the EA dashboard.
Range Trading Settings
- Range start hour (MT5 default) = 2: Defines the trading range start hour at 02:00.
- Range start minute = 0: Sets the range calculation start minute to 0.
- Range end hour (MT5 default) = 10: Defines the range calculation end hour at 10:00.
- Range end minute = 0: Sets the range calculation end minute to 0.
- Close all hour (MT5 default) = 18: All open trades will be closed at 18:00.
- Close all minute = 0: Defines the exact minute (0) for closing all trades.
Risk Management Settings
- Risk type = % of balance: Uses percentage-of-balance risk calculation mode.
- Risk % per trade = 1.0: Risks 1.0% of account balance per trade.
- Risk amount if Fixed (MT5 default) = 250.0: Fixed monetary risk amount set to 250.0 when fixed mode is used.
- Cap risk at % (MT5 default) = 5.0: Maximum total risk exposure capped at 5.0%.
- Stop loss factor = 1.0: Stop Loss multiplier factor set to 1.0.
- Max trades per day (MT5 default) = 1: Limits the EA to only 1 trade per day.
Trade Control Settings
- Delete opposite pending = true: Automatically removes opposite pending orders once one direction is triggered.
- Avoid 12-14 & 20-22 (OFF by default for Market validation) = false: Trading avoidance during 12:00–14:00 and 20:00–22:00 is disabled.
- EOD close only if profit (else force close) = true: Closes trades at end of day only if profitable; otherwise, positions are force closed.
Range Size Filter Settings
- Use range size filter (MT5: OFF by default) = false: Disables the range size filtering feature.
- Min range size % (MT5 default) = 0.2: Minimum acceptable range size set to 0.2%.
- Max range size % (MT5 default) = 0.4: Maximum acceptable range size set to 0.4%.
Visual & Chart Settings
- Show range box = true: Displays the breakout range box on the chart.
- Show price labels = true: Enables display of price labels for range levels.
- Line width = 2: Sets line thickness to 2 pixels.
- Range high color = Lime: Displays the range high line in Lime color.
- Range low color = Red: Displays the range low line in Red color.
- Range box fill = 35,100,160: Uses RGB color values (35,100,160) for the range box fill.
- RangeBoxBorderColor = White: Sets the range box border color to White.
Dashboard Settings
- Show dashboard = true: Enables the on-chart trading dashboard.
- 0=TopLeft 1=TopRight 2=BottomLeft 3=BottomRight = 0: Dashboard position set to Top Left corner.
- Dashboard X (MT5 default) = 10: Horizontal dashboard offset set to 10 pixels.
- Dashboard Y (MT5 default) = 30: Vertical dashboard offset set to 30 pixels.
Dashboard Theme Colors
- Background (MT5 bg-500) = 25,26,30: Dashboard background RGB color set to (25,26,30).
- Border (MT5 primary-600) = 156,50,48: Dashboard border RGB color set to (156,50,48).
- Text (MT5 on_bg) = 232,97,90: Dashboard text RGB color set to (232,97,90).
- Profit (MT5 active-500) = 43,254,160: Profit display RGB color set to (43,254,160).
- Loss (MT5 primary-500) = 232,97,90: Loss display RGB color set to (232,97,90).
- Headers (MT5 tertiary-500) = 254,211,63: Header RGB color set to (254,211,63).
- Accent (MT5 secondary-500) = 43,228,234: Accent RGB color set to (43,228,234).
Conclusion
The FTMO Smart Trader EA settings provide a highly disciplined trading framework tailored for prop firm and breakout trading strategies. With features such as percentage-based risk management, strict daily trade limits, range breakout visualization, and automated dashboard monitoring, this EA helps traders maintain consistency and control. Understanding each parameter allows traders to optimize execution, manage risk effectively and improve compliance with prop firm trading requirements.
FAQs
What does Risk % per trade = 1.0 mean?
It means each trade risks 1.0% of the account balance.
Why is Max trades per day = 1 important?
It limits overtrading and supports disciplined prop firm trading rules.
What does Delete opposite pending = true do?
It removes opposite pending orders after one breakout direction activates.
Why is Show range box = true useful?
It visually displays breakout zones directly on the chart.
What is the purpose of Magic Number = 123456?
It uniquely identifies trades managed by FTMO Smart Trader EA MT4.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is FTMO Smart Trader EA MT4 designed for?
FTMO Smart Trader EA MT4 is built for prop firm traders seeking disciplined EURUSD scalping with strict risk management rules.
❓ Does FTMO Smart Trader EA MT4 use martingale or grid strategies?
No, FTMO Smart Trader EA MT4 avoids martingale, grid, and hedging systems to maintain safer and stable trading conditions.
❓ Which trading pair works best with FTMO Smart Trader EA MT4?
FTMO Smart Trader EA MT4 is specifically optimized for EURUSD trading using a momentum-based scalping strategy on MT4.
❓ What timeframe is recommended for FTMO Smart Trader EA MT4?
FTMO Smart Trader EA MT4 is designed for the M1 timeframe to capture short-term momentum and high-precision scalping setups.
❓ Is FTMO Smart Trader EA MT4 suitable for prop firm challenges?
Yes, FTMO Smart Trader EA MT4 is optimized for FTMO-style rules with conservative risk settings and low drawdown protection.
❓ What trading hours does FTMO Smart Trader EA MT4 use?
FTMO Smart Trader EA MT4 trades between 00:00 and 04:00 GMT+3 to avoid high volatility and unstable market conditions.
❓ Does FTMO Smart Trader EA MT4 include stop loss protection?
Yes, FTMO Smart Trader EA MT4 uses fixed Stop Loss and dynamic Take Profit levels for disciplined trade management.
❓ What account balance is recommended for FTMO Smart Trader EA MT4?
FTMO Smart Trader EA MT4 can start from $200, but $1,000 or more is recommended for better professional risk scaling.
❓ Can beginners use FTMO Smart Trader EA MT4 easily?
Yes, FTMO Smart Trader EA MT4 offers plug-and-play settings, making it simple for beginners to install and start trading.
❓ Why is a VPS recommended for FTMO Smart Trader EA MT4?
A VPS helps FTMO Smart Trader EA MT4 maintain low latency and stable execution during fast EURUSD scalping conditions.
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