A fully automated MT4 EA that combines four classic indicators and leaves the entry, exit and stop rules open for you to optimize. It uses no martingale and no grid.

Customizable Expert Advisor is a fully automated MT4 robot that reads four classic indicators together (Moving Average, CCI, ATR and Williams %R). It opens and closes trades by itself. Nearly every rule behind those trades is an input you can change, including the entry and exit conditions and where the stop loss and take profit sit.

The open inputs are the reason to pick it, and they are also work you have to do. The default inputs are only a starting point, so plan on long sessions in the Strategy Tester before you have a set that fits your pair and your risk. Traders who enjoy optimizing won't mind. If you want a robot that runs well the moment you attach it to a chart, this one will take too long to set up.

It uses no martingale, grid or high-frequency trading, and normal spread and slippage don't affect it much. Start with EURUSD, GBPUSD or GBPJPY. The minimum balance is $100, and a VPS keeps it running without gaps.

The defaults are only a starting point. This EA is built to be optimized, and its default inputs are not a finished strategy. Backtest and optimize first, then run your set on demo for at least a week before you use real money. On a live account, change one or two inputs at a time.

Specifications

Tool type: Fully automated expert advisor with open, tunable inputs
Platform: MetaTrader 4
Indicators: Moving Average, CCI, ATR and Williams %R (WPR)
Recommended pairs: EURUSD, GBPUSD, GBPJPY; can be tuned for other pairs
Timeframes: Behaves much the same on most timeframes
Minimum balance: $100
Trade management: Editable entry, exit, stop loss and take profit inputs
Risk style: No martingale, grid or high-frequency trading
Running conditions: VPS for continuous running; low sensitivity to spread and slippage, ECN account suggested
At AutoFXRebate: Free download, PDF install guide and Telegram support

How the four indicators work together

Each indicator reads a different part of the market. The EA trades when their readings meet the conditions you set. Once you know what each one measures, the inputs are much easier to tune.

Moving Average shows which way the main trend leans.
CCI measures how far price has moved from its average. Use it to spot momentum, or overbought and oversold conditions.
Williams %R places the current price within its recent range.
ATR measures volatility and gives you a reference for stop loss and take profit distances.

Optimizing without curve fitting

With four indicators and a long list of inputs, it is easy to find a set that looks great in a backtest and only fits the past. We suggest optimizing on several years of data while holding back a separate period the optimizer never sees. Then test the chosen set on that period.

Change a few inputs per round. Note what you changed each time. If the held-back results are much worse than the backtest, go back a step instead of adding more tweaks.

Who it suits

It suits traders who already know the MT4 Strategy Tester and want to understand why their robot enters a trade, because testing takes real time. If you need an EA that runs on ready-made settings, the AutoFXRebate library has better choices for that.

It is also a good EA to learn optimization on. With no martingale or grid, an unfinished set will not have its losses multiplied while you work on it.

Features

Signals from Moving Average, CCI, ATR and Williams %R in one EA
Opens and closes trades by itself once your set is loaded
Entry, exit, stop loss and take profit inputs are all editable
No martingale, grid or high-frequency trading
Start on EURUSD, GBPUSD or GBPJPY, then tune it for other pairs if you want
Behaves much the same on most timeframes
Handles normal spread and slippage on a standard ECN account

Performance

Results depend on the set you build, so judge your own set rather than the defaults. After optimizing, run it on demo for at least one to two weeks, longer if it trades rarely. Log the deepest drawdown, the number of trades, and your average win against your average loss. Compare those figures with the backtest. A wide gap usually means the set is fitted too closely to past data.

Pros

The main inputs are all open, so you can fit the strategy to how you trade
No martingale or grid, so a weak set loses gradually instead of in one hit
Runs on a standard ECN account and isn't fussy about spread
A $100 starting balance makes the move from demo to live cheap

Cons

Default settings need optimizing before live use
Many inputs across four indicators make curve fitting easy if you only backtest
MT4 only
Needs a VPS to run continuously

Setup

Unzip the package and copy the EA file into MQL4/Experts; the How to install MT4 files PDF in the package covers each step
Restart MetaTrader 4, turn on AutoTrading and tick Allow live trading in the EA properties
Open EURUSD, GBPUSD or GBPJPY and run the EA in the Strategy Tester with default inputs to get a baseline
Optimize a few inputs at a time on several years of data, then test the result on the period you kept out of the optimization
Run the chosen set on a demo account on a VPS for at least one to two weeks and log drawdown and trade count
Go live with small risk on a low-spread ECN account; if you open that account through AutoFXRebate, you earn backcom on every lot

Verdict

Customizable Expert Advisor is for traders who like to build their own rules and test them properly. It puts four familiar indicators into one automated EA with no martingale or grid underneath, and the strategy itself is yours to set.

Start in the Strategy Tester and take one carefully checked set onto demo. Go live only when the forward results look like the backtest. You can download it free from AutoFXRebate with the install PDF, and our Telegram group can help if a setting or the optimization process is unclear.

Risk disclaimer

Forex and CFD trading involves significant risk and may not be suitable for all investors. Indicators, EAs and trading tools do not guarantee profits. Always apply proper risk management. AutoFXRebate did not build these tools and does not endorse any result they claim; test on demo before risking money.

Customizable Expert Advisor

Specifications

How the four indicators work together

Optimizing without curve fitting

Who it suits

Features

Performance

Pros

Cons

Setup

Verdict

Risk disclaimer

Get Customizable Expert Advisor free

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