Elephant Eurusd EA MT4 – Latest original version | Unlimited

Introducing the Expert Elephant Eurusd EA MT4

Name: Elephant Eurusd
Version: Latest Version
Developer by: Ignacio Agustin Mene Franco
The Right Platform: Meta Trader 4 (MT4)
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• Delivery time 24h-48h after payment.

What is Elephant Eurusd EA MT4?

With over 20 years of experience trading forex, I rate Elephant Eurusd EA MT4 as a solid, trend-focused Expert Advisor (EA) specifically designed for the EUR/USD pair on the H1 timeframe.

This EA combines two powerful exponential moving averages to identify dominant trends and high-probability entries, making it suitable for traders who prefer cleaner, trend-based trading with controlled risk.

Elephant Eurusd EA MT4 is built on a Dual EMA Trend-Following Strategy.

It uses EMA 10 (fast) and EMA 200 (slow) to determine the overall market direction. The EA only takes trades in the direction of the dominant trend and confirms signal strength by analyzing candlestick body size (minimum 5 pips). When conditions align, it opens positions with a configurable distance between orders (default 30 pips) and includes an optional controlled martingale recovery system (2.0x multiplier) to help manage losing trades. The system targets a fixed monetary profit of $60 per cycle.

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Core Features

• Dual EMA System: EMA 10 + EMA 200 for clear trend identification
• Candlestick Filter: Minimum 5-pip body size to avoid weak or sideways moves
• Controlled Recovery: Optional martingale with 2.0x multiplier (limited and conservative)
• Risk Management: Virtual stop loss with emergency protection, spread monitoring, and automatic lot management
• Profit Target: Fixed $60 per trading cycle
• Minimum Capital: $1,000 USD per 0.1 lot
• Customizable Magic Number: Supports running multiple EAs on the same account

Trading Strategy

The EA follows a straightforward and logical process:

1. Trend Detection: EMA 10 and EMA 200 determine the main trend direction.
2. Signal Confirmation: Only enters when the fast EMA aligns with the slow EMA and the candlestick shows sufficient body size (≥ 5 pips).
3. Entry: Opens initial orders with 30-pip spacing.
4. Management: Uses controlled recovery if needed and automatically closes positions once the total profit reaches $60.

This strategy is optimized for the H1 timeframe, where EUR/USD tends to show clearer trends and fewer false signals.

Why Traders Should Choose Elephant Eurusd EA MT4?

• Clean Trend-Following Logic: The combination of EMA 10 and EMA 200 provides reliable trend direction with fewer false entries.
• Candlestick Strength Filter: The 5-pip body requirement helps avoid low-volatility and ranging conditions.
• Balanced Recovery: The optional 2.0x martingale is moderate and controlled, not overly aggressive.
• Fixed Profit Target: Closing at $60 per cycle brings clear discipline and realistic expectations.
• Suitable for Small Accounts: Works from $1,000 with 0.1 lot, making it accessible for both retail and prop firm traders.

Performance of Elephant Eurusd EA MT4

Elephant Eurusd EA has showcased solid long-term profitability in this backtest on EUR/USD.

The dual EMA trend-following strategy with controlled recovery delivered consistent growth on the H1 timeframe, though with notable drawdown characteristics typical of martingale-style systems.

• Initial Deposit: $1,000
• Total Net Profit: $12,391.19
• Win Rate: 52.65%
• Maximum Drawdown: 80.38%

Recommended Configuration for Elephant Eurusd EA MT4

What do you get After Downloading?

• Experts Advisor:
  • Elephant Eurusd EA_fix.ex4

🤗WISH YOU SUCCESSFUL TRADING🤗