Queens Gambit MT4 (Latest version) - Unlimited
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Quick Overview
Queens Gambit MT4 is an automated Expert Advisor (EA) designed for medium trends of GBPUSD on the M5 chart. After a trend is established it waits for a favorable entry region and then takes several positions over time. It is described as using no grid and no martingale, with a stop loss, trailing stops and optional compound sizing.
Best For:
✅ GBPUSD traders who follow medium trends.
✅ Users who prefer the M5 chart.
✅ Traders who want no grid or martingale.
✅ Users who like trailing stops on profit.
✅ Traders who want optional compounding.
What is Queens Gambit MT4?
Queens Gambit MT4 is a trend-following Expert Advisor (EA) for MetaTrader 4, specifically designed to trade medium-term trends in the GBPUSD currency pair. The EA identifies established market trends and activates favorable entry zones to open multiple trading positions over time.
With integrated Stop Loss and Trailing Stop mechanisms, Queens Gambit MT4 helps manage trade exposure while aiming to capture potential profits from sustained market movements.
Vendor Website: View here
Delivery time 24h-48h after payment.
Refund if not delivered.
You will receive the current version without any limitations (ID+Time).
Queens Gambit MT4 Review
How Does Queens Gambit MT4 Work?
Trend and Entry Region
The EA waits for an established trend and then for a favorable entry region before it opens trades.
Staged Positions
Several positions are taken over time, with separate limits for buy and sell positions per active entry.
Exits
A hard stop loss and take profit are set, and a trailing stop can follow profitable positions.
Money Management
Compound trading sizes positions from the account value, with a fixed lot and a maximum lot size as alternatives.
Trading Strategy
Wait for an Established Trend
The EA first looks for a medium term trend on GBPUSD and only then seeks an entry region that suits its direction.
Activate an Entry Region
When a favorable region becomes active, the EA can take several positions in the trend direction, with a limit for buys and sells.
Add Positions Over Time
Instead of one large entry, positions are taken over a period of time, which spreads the entry across part of the move.
Close at a Stop Loss on Reversal
When the trend changes, unprofitable positions are closed at a set stop loss, and no grid or martingale methods are used.
Trail Profitable Positions
A trailing stop starts after a set profit and follows price at a set step, which aims to secure part of the open gain.
Historical Trading Results Performance
The Backtest recorded a net profit of $2,368,202,311.17 from a $500 initial deposit, with a profit factor of 1.38.
Queens Gambit MT4 Backtest Results
Queens Gambit MT4 EA Backtest Results
| Parameter | Results |
|---|---|
| Initial Deposit | $500 |
| Total Net Profit | $2,368,202,311.17 |
| Profit Factor | 1.38 |
| Total Trades | 19,822 |
| Winning Trades | 75.63% |
| Maximal Drawdown | 11.97% |
Key Features of Queens Gambit MT4
Medium Trend Focus
The EA is designed and optimized for medium trends of GBPUSD, and it trades the trend after its direction has been established.
Entry Region Logic
A favorable entry region must become active before the EA opens trades, which filters out many weak moments in the market.
Position Limits per Entry
Separate limits for buy and sell positions per active entry control how many trades can open when a region becomes active.
Trailing Stop on Profit
Trailing can be enabled for profitable positions, with a start distance and a step, which helps to protect open gains.
Hard Stop Loss and Take Profit
Fixed stop loss and take profit values are set for each position, which gives every trade a defined exit from the start.
Compound or Fixed Lot Sizing
Compound trading sizes positions from the account value, while a fixed lot is used when the compound option is turned off.
Spread and Slippage Limits
New positions are skipped when the spread or the slippage is above the chosen limit, which avoids costly entries in poor conditions.
Risk Management
Several Positions Add Exposure
When many positions open in one entry region, a reversal can cause a larger loss than a single trade would.
A Stop Loss Can Still Slip
Gaps and fast moves can pass the stop-loss level, so the real loss can be larger than planned.
Trailing Does Not Guarantee Profit
Price can reverse before the trailing stop moves, and a take-profit may not be reached on every trade.
Compounding Raises Risk
As the account grows the lot grows with it, so a losing period can cost more after a winning one.
Broker Conditions Matter
High spreads, slippage or low leverage can turn a good signal into a loss, so the account type is part of the risk.
What Sets It Apart
Trend First Approach
The EA waits for an established trend before looking for entries, instead of trading every small move.
Entries in Stages
Several positions are taken over time, which can improve the average entry in a developing trend.
No Grid or Martingale
The product states that these risky methods are never used, which keeps the position logic easier to follow.
Always on Trading
The EA trades around the clock during open market hours, with no blackout days or blackout hours set.
Recommended Trading Conditions
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | M5 |
| Currency pairs | GBPUSD |
| Minimum / Recommended deposit | $500+ |
| Minimum / Recommended leverage | 1:200+ |
| Account type | Any |
| 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. |
Product Download Package?
The download package of the product suite includes:
Experts: Queens Gambit MT4.ex5
Reviewed by David EastonFinal Verdict
Queens Gambit MT4 is a GBPUSD robot for the M5 chart that waits for an established medium trend, activates an entry region and takes several positions over time, with a hard stop loss, trailing on profitable trades and optional compounding. It is described as using no grid and no martingale. It suits traders with low cost accounts and enough leverage to carry several open positions. Several positions can stack exposure and no results are published, so a demo test on a small size should come before any live trading.
🔢 Queens Gambit MT4 Settings Guide: Complete Input Parameters Explained
Queens Gambit MT4 is an automated trading Expert Advisor (EA) for MetaTrader 4 with configurable trend-entry limits, trailing-stop management, fixed Stop Loss and Take Profit levels, and compound trading options. Its input parameters allow traders to control execution conditions, manage multiple buy and sell positions, and adjust trade volume according to the selected money-management approach.
The current configuration enables compound trading and profit-based trailing stops, sets a maximum of 9 buy positions and 9 sell positions per active entry, and uses a hard Stop Loss and Take Profit of 300 points each. Understanding every input is important when configuring Queens Gambit MT4 for different account sizes, brokers, and market conditions.
Queens Gambit MT4 Settings Panel
🔢 General Parameters
🔹 GENERAL PARAMETERS = Section Heading: Identifies the general execution and trade-identification settings; this heading does not have an independent numerical value.
🔹 Spread Limit = 30: Sets the maximum permitted spread to 30 platform points or the EA’s defined spread units; new entries may be restricted when the spread exceeds this threshold.
🔹 Slippage Limit = 30: Sets the permitted execution slippage to 30 points according to the EA’s internal logic, helping control how far the fill price may differ from the requested price.
🔹 Magic Number = 1111: Assigns the identifier 1111 to trades opened by Queens Gambit MT4, helping the EA distinguish its own positions from manual trades and orders opened by other robots.
🔢 Trend Entry Limits
🔹 TREND ENTRY LIMITS = Section Heading: Groups the parameters that control the maximum number of buy and sell positions permitted for an active entry signal.
🔹 Maximum Buy Positions per Active Entry = 9: Allows up to 9 buy positions for an active entry according to the EA’s entry-counting logic, potentially permitting multiple trades in the same direction.
🔹 Maximum Sell Positions per Active Entry = 9: Allows up to 9 sell positions for an active entry according to the EA’s entry-counting logic, potentially permitting multiple trades in the same direction.
🔢 Trailing Stop Settings
🔹 TRAILING STOP SETTINGS = Section Heading: Identifies the inputs used to manage protective stops as a trade moves into profit.
🔹 Enable Trailing Stop when in Profit = true: Enables the trailing-stop feature, allowing the EA to adjust protective stops as positions become profitable, subject to the configured start and step values.
🔹 Trailing Start (100 = 10 pips) = 120.0: Activates trailing-stop management after the trade reaches the configured threshold of 120.0, equivalent to 12 pips under the conversion specified in the input label.
🔹 Trailing Step (100 = 10 pips) = 90.0: Sets the trailing adjustment step to 90.0, equivalent to 9 pips under the stated conversion, defining the price movement used for trailing-stop updates.
🔢 Position Exit Parameters
🔹 POSITION EXIT PARAMETERS = Section Heading: Groups the fixed protective exit settings used to define the trade’s Stop Loss and Take Profit.
🔹 Hard Stop Loss (300 = 30 pips) = 300: Sets the hard Stop Loss to 300 points, equivalent to 30 pips under the conversion shown in the parameter label, to limit losses when the stop is triggered.
🔹 Hard Take Profit (300 = 30 pips) = 300: Sets the hard Take Profit to 300 points, equivalent to 30 pips under the stated conversion, defining the target distance for closing a trade at the specified profit level.
🔢 Money Management
🔹 MONEY MANAGEMENT = Section Heading: Groups the settings that determine whether trade size uses compound trading or a fixed lot size.
🔹 Enable Compound Trading = true: Enables compound trading, meaning the EA can calculate position volume using its compound-trading sizing logic instead of relying solely on the fixed-lot fallback setting.
🔹 Compound trading size = 100: Sets the compound-trading size parameter to 100; the exact meaning—such as a balance-based sizing unit, percentage, or other calculation input—depends on the EA’s implementation and should be verified before live trading.
🔹 Lot Size per Trade if compound trading is disabled = 0.01: Defines the fallback lot size as 0.01 lots when compound trading is disabled, providing a small fixed-volume setting for that operating mode.
🔹 Maximum Lot Size = 1000: Sets the configured maximum lot-size parameter to 1000, intended as an upper volume limit within the EA’s sizing logic; the actual maximum executable volume may be restricted by the broker, symbol, or platform.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is Queens Gambit MT4?
An Expert Advisor for MetaTrader 4 designed to trade medium trends of GBPUSD on the M5 chart.
❓ Which pair does Queens Gambit MT4 trade?
GBPUSD is recommended and optimized. Other pairs are described as supported but not optimized.
❓ Which timeframe does Queens Gambit MT4 use?
M5
❓ Is Queens Gambit MT4 a grid or martingale EA?
The product states that no grid or martingale methods are used. A demo test helps confirm this before real money is used.
❓ How does Queens Gambit MT4 enter trades?
It waits for an established trend, then seeks an entry region and takes several positions over time.
❓ Does Queens Gambit MT4 use a stop loss?
Yes. A hard stop loss and a take profit are set for each position, and a trailing stop can be enabled.
❓ Can Queens Gambit MT4 limit the number of positions?
Yes. Separate limits for buy and sell positions apply to each active entry region.
❓ How is lot size set in Queens Gambit MT4?
By compound trading, which sizes from the account value, or by a fixed lot, with a maximum lot size limit.
❓ Does Queens Gambit MT4 trade all day?
Yes. It trades around the clock during open market hours without blackout days or hours.
❓ What broker conditions suit Queens Gambit MT4?
Low spreads, low slippage, low commissions and enough leverage.
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