IS New Project EA (MQ4) — Product Description

🔍 What it is — IS New Project EA is an Expert Advisor (EA) designed for MetaTrader 4 (MT4). It’s distributed as a ready-to-use trading algorithm, available as both EX4 (compiled) and MQ4 (source code) versions.

⚙️ Primary Market / Timeframe — Commonly optimized for BTCUSD (Bitcoin vs USD) trading on MT4, with many configurations tuned for short timeframes such as M1 or M5. Some users also adapt it for other pairs like XAUUSD.

📐 Trading Logic — The EA employs a combination of:

• Grid-based trading with multiple layered orders

• Scalping-style entries on small timeframes

• Fixed Take Profit and dynamic trailing stop logic

• Volatility filters and market condition checks to refine entry timing

🎛️ Configurable Parameters — Users can adjust:

• Lot size and risk levels

• Grid spacing and order steps

• Maximum open trades

• Take profit, stop loss, and trailing stops

• Trading hours and day filters

• Spread and volatility protection

🧩 Package Contents — Typically includes:

• The EA file (EX4 or MQ4)

• Example setfiles (optimized settings)

• A readme / installation guide

• Some versions include free updates for a limited period

🔒 Compatibility & Setup —

• Works with MetaTrader 4 

• Requires “Allow automated trading” enabled in MT4 settings

• Optional: enable DLL imports if required by the EA version

💾 Licensing Options — Available in both compiled EX4 and source MQ4 versions. Some builds are labeled “NoDLL” or “Unlimited” depending on the vendor.

📈 Advertised Performance — Vendor listings and community pages promote strong backtest and demo results, with high win rates and large historical gains. However, these are marketing claims and should be verified independently through real or verified testing.

🧾 Installation & Support —

• Copy the EA to the Experts folder in MT4

• Restart the platform and attach it to a chart

• Load one of the provided setfiles

• Enable auto trading (smiley face icon should turn active)

⚠️ Important Notes —

• The EA is sold by multiple third-party vendors with variations in pricing, version, and support.

• Performance results seen online are not guaranteed and may differ in live trading.

• Some listings offer free or trial downloads, but features may vary.

✅ Who It’s For — Ideal for MT4 traders looking for an automated Bitcoin or scalping strategy, with customizable grid parameters, pre-made setfiles, and the option to modify the MQ4 code for advanced tuning.