Continuation EA V1.0 MT4

Continuation EA V1.0 MT4 — Ride the Trend, Skip the Noise

If you’re tired of catching breakouts that fade in seconds or counter-trend pullbacks that stall right at your stop, you’re not alone. Markets trend beautifully… until they don’t. Continuation EA V1.0 MT4 is designed to do one thing well: identify when momentum is likely to continue and then ride that wave with disciplined risk controls. Built for EURUSD, XAUUSD (Gold), and US30 on the M15 timeframe, it focuses on strong continuation structures, smart filters, and practical trade management—so you’re not fighting chop all day.

What is Continuation EA V1.0 MT4?

Continuation EA V1.0 MT4 is a MetaTrader 4 expert advisor that hunts for trend continuation setups after an impulsive move. Instead of predicting tops or bottoms, it waits for confirmation signals—price crossing and holding above/below dynamic levels, momentum strength readings, and volatility checks—and then seeks entries aligned with the prevailing pressure.

At a high level, the EA:

Scans for momentum bursts (impulse candles, directional range expansion).
Confirms strength via moving-average slope and an internal trend score.
Waits for a micro-pullback or minor consolidation.
Enters on a continuation trigger with a protective, volatility-aware stop.
Manages positions with trailing, break-even, and partial exits for smoother equity growth.

It’s engineered for M15 to balance signal frequency and quality. Whether you’re trading the smoother sessions on EURUSD, the fast flows of XAUUSD, or the explosive US30 index, the core logic adapts with spread/volatility filters, so you don’t enter just because a candle looks pretty.

How the Strategy Works (In Plain English)

The EA relies on a three-layer confirmation:

Direction – A dynamic trend filter (slope of a baseline MA plus a proprietary momentum score) confirms bias. No bias, no trade.
Context – Volatility and spread checks ensure the market is “tradable.” If conditions are erratic, the system stands down.
Trigger – Micro-pullback or flag breakout patterns kick off entries once price resumes in the direction of the impulse.

The risk controls are central to the design. Stops are ATR-based (volatility-aware), and exits use a hybrid trailing (structure + ATR) to lock in gains as the move extends. There’s also an optional break-even shift after price achieves a defined risk multiple, and partial close rules to smooth the equity curve during choppy sessions.

Key Features You’ll Actually Use

• Strict trend-continuation logic (no counter-trend guessing).
• Volatility-aware stops with ATR scaling to avoid too-tight SLs.
• Hybrid trailing stop that adapts as the move matures.
• Break-even + partial close options for smoother equity curves.
• Session filter to trade only the hours that suit each symbol.
• Spread + slippage guards to skip bad-liquidity entries.
• Daily loss cap and max trades per day for prop-style discipline.
• Magic Number per chart for multi-pair management on one MT4.
• News pause window (optional) to avoid high-impact spikes.
• No martingale, no grid—risk stays linear and controlled.
• VPS-friendly and resource-light for 24/5 operation.
• One-click presets per instrument (EURUSD, XAUUSD, US30).

Recommended Markets & Timeframe

Pairs/Indices: EURUSD, XAUUSD, US30
Timeframe: M15 (the strategy is tuned for M15 momentum + pullback structure)
Broker Type: ECN/Raw or low-spread accounts preferred
Execution: The faster the better; a reliable VPS is recommended

Practical Settings Guidance

Below are practical guidelines (not rigid rules)—your broker’s contract size, tick value, and spread conditions may vary. Always fine-tune in demo first.

Core Risk:

Position sizing via % risk per trade (common range: 0.5%–1.5%).
Max open positions per symbol to avoid stacking risk in chop.
Daily loss cap to protect the account during tough sessions.

Stops & Targets:

ATR-based SL (e.g., 1.2x–2.0x ATR on M15) adapts to volatility.
Soft TP via trailing rather than fixed TP; you can still use a safety TP at 1.2R–2R if you like defined targets.
Break-even shift after 0.8R–1R can reduce drawdowns on choppy days.

Filters:

Spread filter (e.g., skip if spread > your average by X%).
Session filter—favor London and early NY for EURUSD/US30; for XAUUSD, fine-tune around your broker’s best liquidity window.
News filter (optional)—pause around scheduled high-impact events.

Why M15 for Continuations?

On M15, impulses are visible and not just random micro-noise; you get enough trades to matter without drowning in false signals. Continuations on M15 also tend to last long enough for trailing exits to do their job, while still giving several opportunities during London/NY sessions.

Backtesting & Forward Tips

Backtests help you shape expectations, but forward results matter more. A solid way to approach:

Symbol-by-symbol: Optimize light touch (risk, ATR multiplier, sessions).
Walk-forward: Split test periods to see if logic generalizes.
Monte Carlo (if you can): Shuffle sequences to understand variance.
Forward demo for at least 2–4 weeks before going live.

Look for equity curve smoothness, manageable max drawdown, and a profit factor comfortably above 1.2 in realistic slippage/spread assumptions. Most continuation systems do best when you respect sessions and avoid revenge trading—so keep the daily loss cap active.

Installation (Step-by-Step)

Download & copy the EA file (Continuation-EA-V1.0.ex4) to:
File → Open Data Folder → MQL4 → Experts
Restart MT4 or right-click Experts in Navigator and hit Refresh.
Attach the EA to a M15 chart of your chosen symbol (EURUSD, XAUUSD, US30).
In Common, tick Allow live trading and Allow DLL imports (if your setup requires it).
In Inputs, set your risk per trade, ATR multiplier, session hours, and filters.
Click AutoTrading (green) and monitor the Experts/Journal tabs for messages.
For 24/5 stability, deploy on a VPS close to your broker.

Risk Management & Best Practices

Start with small risk (0.5% per trade or less).
Keep max daily loss enabled—common ranges are 2%–5%.
Don’t run too many symbols at once until you understand correlation.
Consider one preset per chart (EURUSD, XAUUSD, US30) rather than mixing custom tweaks everywhere.
Re-evaluate quarterly; markets change, so your session windows and ATR settings might need slight nudges.

Who Is This For?

Traders who prefer trend-following over counter-trend.
Prop-style traders who need risk caps and consistent execution.
New automated traders who want a clear, rules-driven approach.
Busy professionals wanting hands-off momentum entries with logical exits.

Disclaimer

No EA wins all the time. Markets gap, spreads widen, and news can distort moves. Always test in demo, use sensible risk, and trade only with money you can afford to lose. Past performance—backtests or otherwise—is not a guarantee of future results.