Are you tired of spending hours glued to your MetaTrader 4 charts, trying to spot the next big move? Nirio 4 EA V2.1 MT4 might just be the answer you’ve been searching for. This high-tech Expert Advisor is built to handle the heavy lifting of forex trading—coz let’s face it, constantly analyzing price swings and managing risk manually can get exhausting. Nirio combines real-time market analysis, intelligent risk management, and flexible settings to help you focus on strategy rather than screen time. Whether you’re a novice trader testing the waters or a seasoned pro looking to automate your entries and exits, Nirio’s latest version has something for everyone.

Overview of Nirio 4 EA V2.1 MT4

Nirio isn’t your run-of-the-mill robot. Developed under stringent reliability and stability standards, this EA is engineered to deliver consistent performance across diverse market conditions. It continuously scans candlestick data—open, high, low, close, volume—to identify current trends and potential trade setups. Using a built-in capital management module, Nirio ensures your account is protected by adjusting lot sizes dynamically based on your balance and risk tolerance. If you’ve ever worried about a sudden volatility spike wiping out profits, you’ll appreciate its spread filtering and volatility filters that help reduce false signals.

Despite its advanced technology, Nirio remains surprisingly user-friendly. You don’t need to be a programming whiz to get started. Simply install Nirio on your MT4 terminal, tweak a handful of parameters, and let it run. You can customize everything from the number of open orders to the exact take-profit and stop-loss levels, ensuring the bot aligns with your unique trading plan.

Niri 4 EA V2.1MT4

Key Features

• Reliability & Stability: Built according to top-tier reliability standards; minimizes downtimes and errors.
• Intellectual Risk Management: MoneyManagementOn and MoneyManagementPercent adjust trade volume based on account size, helping protect your capital.
• Real-Time Market Analysis: Uses SetSearchExtreme, SetIntegrationBars, SetCorrection, SetLogicalPointWidth, and SetBeam parameters to scan for optimal entry and exit points.
• Flexible Settings: Dozens of configurable options like OrderTypeFilling, OrderMagic number, ORDERS limit, and PipsLinza toggle.
• Profit Protection: Built-in TakeProfit, StopLoss, and TrailingStop features ensure every trade has a guardrail.
• Risk Minimization: SpreadFilterOn and SpreadVolatilityFilterOn help the bot avoid trading during periods of excessive volatility or wide spreads.
• Order Management: Auto-assigns a unique OrderMagic number to each trade; OrderComment function lets you tag trades for easy tracking.
• Simple to Use: Even traders without MQL4 programming skills can configure Nirio quickly, thanks to clear default values and intuitive parameters.

How Nirio Works Under the Hood

At its core, Nirio continuously analyzes tick data to detect short-term and medium-term market trends. It does this via a combination of several key parameters:

  1. SetSearchExtreme (Uint): This parameter defines how many candlesticks Nirio uses to find market extremums (default is 34). A higher number means broader trend detection, though it might slightly lag in very choppy markets.
  2. SetIntegrationBars (Uint): Set to 144 by default, this tells Nirio how many bars to use when integrating price movements. Essentially, it smooths out random noise and highlights underlying trend momentum.
  3. SetCorrection (Uint): Defaulted at 8, this value fine-tunes how much the EA “corrects” for sudden spikes or weird wick movements. If you find Nirio whipsawing too often, lowering this might help; if trades seem late, you can increase it.
  4. SetLogicalPointWidth (Uint): With a default of 3, Nirio uses this to calculate the logical pip distance for various entry and exit triggers. It ensures your stops and targets remain logical relative to the current volatility.
  5. SetBeam (Uint): Trend Beam is set to 15 out of the box. This determines how aggressively Nirio follows a detected trend; a higher beam means more trust in trend direction, but it could lead to larger drawdowns if the trend reverses abruptly.
  6. ORDERS (Uint): Maximum number of simultaneous open positions (default is 12). This prevents overexposure during highly trending markets—just pull this down if you only want Nirio to manage a couple of trades at a time.

By tweaking these five parameters, Nirio essentially adapts to different trading styles—scalping, intraday, and even short-term swing setups. Match them to your preferred currency pairs and timeframes (Nirio works on M5, M15, and H1 charts like a champ), and you’ll have a truly custom-fit EA.

Managing Your Capital with MoneyManagement Settings

One of Nirio’s most praised features is its smart capital management. If you enable MoneyManagementOn (default: True), the EA will calculate position sizes automatically. The MoneyManagementPercent parameter (default: 25) tells the bot to risk up to 25% of your available balance per trade sequence—tho you can dial this down to something safer (like 2–5%) if you’re more conservative.

For example, with a $1,000 account and MoneyManagementPercent set at 10, Nirio will only allocate $100 worth of margin to the first trade. If the first trade hits a trailing stop or take-profit, subsequent trades in that sequence are calculated relative to your new balance, promoting a compounding effect (when used wisely). If you prefer fixed lot sizes, simply set MoneyManagementOn to False and specify BOTVOLUME (default: 0.01 lots).

Order Types, Magic Numbers, and Comments

Nirio streamlines order management with a few really handy parameters:

  • OrderTypeFilling: Choose how Nirio places orders—Order_Filling_FOK (fill or cancel) is default. This ensures no partial fills. If your broker supports more flexible filling methods, you can switch to Order_Filling_IOC or Order_Filling_RETURN as per your preference.
  • ORDERMAGIC (UINT): By default, Nirio assigns Magic Number 11358 to every trade. This unique ID makes it dead-easy to filter trades in your MT4 terminal or V-PS. If you’re running multiple EAs on the same account, ensure each EA has a different Magic number.
  • OrderComment (string): The default comment is “NIRIO,” but feel free to customize it. Having comments helps when reviewing trade history or exporting your deal log for further analysis.

With these settings, tracking and post-trade review becomes a breeze—no more guesswork about which EA triggered which trade.

Profit Protection & Trailing Stops

Protecting profits is paramount, especially in forex where sudden spikes can wipe out a winning position. Nirio’s TakeProfit (default: 2000 points, roughly 200 pips on standard instruments) and StopLoss (default: 1044 points) ensure every trade has a clear exit plan. However, you can adjust them in relative units to fit your chosen currency pair’s volatility. For example, if you trade EURUSD on M15, you might set TakeProfit to 150 (15 pips) and StopLoss to 80 (8 pips), depending on your backtest results.

Once a trade moves in your favor by the TrailingStart threshold (default: 300 points, or ~30 pips), Nirio triggers its trailing mechanism. TrailingStop (default: 50 points) will then follow price action, locking in profits if the market reverses. You can enable or disable trailing stops by toggling TrailingOn (default: True).

Spread & Volatility Filters

Trading during news spikes or periods of thin liquidity can be disastrous. That’s why Nirio incorporates two key filters:

  1. SpreadFilterOn (Bool): When set to True (default), this filter prevents opening new trades if the current spread exceeds the SpreadFilter threshold (default: 30 points, e.g., 3.0 pips on EURUSD). If your broker widens spreads significantly during rollover or news events, this setting will keep Nirio sidelined until conditions normalize.
  2. SpreadVolatilityFilterOn (Bool): Also enabled by default, this module evaluates sudden changes in volatility. If it detects an abnormally large spread move over the last few candles, it flags the market as too risky and halts new entries. This simple yet effective guard helps avoid entering trades right before a flash crash or major data release.

Configuration & Installation

  1. Download & Copy Files
  • Head over to the MQL5.software download page (link below) and grab the Nirio4EA_V2.1.ex4 file.
  • Copy it into your MT4 terminal’s Experts folder:
    C:\Users\<YourUser>\AppData\Roaming\MetaQuotes\Terminal\<YourProfile>\MQL4\Experts\Nirio4EA_V2.1.ex4

     2. Attach to Chart

  • Restart MT4 or hit Refresh in the Navigator panel.
  • Open a chart for your favorite pair (EURUSD, GBPUSD, XAUUSD, etc.) and preferred timeframe (M5, M15, H1).
  • Drag Nirio 4 EA v2.1 onto the chart.
  • In the Common tab, check Allow live trading and Allow DLL imports (if your broker requires it).

     3. Input Parameters

  • In the Inputs tab, start with default values to see how the EA behaves in your demo account.
  • Modify MoneyManagementPercent to match your risk appetite. For beginners, 5–10% is a good starting point.
  • Adjust TakeProfit and StopLoss relative to the average pip range on your chosen timeframe.
  • Tweak SetSearchExtreme (try values between 20–50) and SetIntegrationBars (100–200) to find your sweet spot.
  • Test whether SpreadFilterOn and SpreadVolatilityFilterOn suit your broker’s spread patterns; lower SpreadFilter to 20 if you trade a pair with typically tight spreads.
  • Hit OK, and watch Nirio run on your demo account first. Once you’re comfortable, feel free to switch to live.

Niri 4 EA V2.1MT4

Why Choose Nirio 4 EA V2.1 MT4?

Nirio stands out in a crowded EA marketplace for several reasons:

  • YoForex-Powered Quality: Backed by YoForex’s rigorous testing and constant updates, you get a product that evolves with the market.
  • 100% Free Access: Unlike many premium EAs that charge $200+ per year, Nirio is completely free on MQL5.software—coz YoForex believes in empowering traders, not locking them behind paywalls.
  • Ongoing Support & Updates: Trade is never static. YoForex’s developer team continuously refines Nirio’s codebase, adding new parameters and improving existing ones. If you hit a snag, their WhatsApp support and Telegram community (links below) are just a ping away.

Backtest & Live Performance (Proof)

Before deploying any EA live, it’s crucial to review backtest results. Nirio has been tested over 2 years of tick data on EURUSD H1 (2019–2021), with over 800 trades logged:

  • Net Profit: +35% annually on a $10,000 demo account.
  • Max Drawdown: Capped at 6% by default settings—well within a conservative trader’s comfort zone.
  • Profit Factor: 1.8 on average, indicating near-doubling of profitable pips relative to losing ones.

In live-market sessions, Nirio has shown remarkable consistency. On a stretch from January to March 2024 (EURUSD, GBPUSD, USDJPY), the EA recorded:

  • Average Monthly Return: 4–6% per month.
  • Trades per Month: Approximately 30–40, depending on pair volatility.
  • Win Rate: 62% on average, thanks to spread filtering and volatility checks.
  • Support & Community

Getting stuck with an EA can be frustrating, but Nirio users have a strong safety net:

  • WhatsApp Support: Reach out directly to YoForex’s dev team for troubleshooting or parameter-tuning advice: https://wa.me/+443300272265.
  • Telegram Group: Join the Nirio community on Telegram to share strategies, backtest results, and tips: https://t.me/yoforexrobot.
  • Video Tutorials: YoForex’s YouTube channel regularly updates short clips showing how to set up Nirio, interpret logs, and optimize inputs.

Should you encounter any bugs—or just want to chat about tweaking Nirio for gold trading—YoForex’s team is only a message away. They’re committed to making sure every trader, no matter their experience level, can use Nirio effectively.

Disclaimer

Trading forex carries inherent risks. Nirio 4 EA V2.1 MT4 is a powerful tool, but it’s not a magic bullet. Past performance does not guarantee future gains. Before deploying Nirio on a live account, test it thoroughly on a demo for at least 2–3 weeks. Adjust risk parameters (like MoneyManagementPercent and StopLoss) according to your own risk tolerance. Trade responsibly and never risk more than you can afford to lose.

Call to Action

Ready to take your forex game to the next level? Don’t wait—grab your free copy of Nirio 4 EA V2.1 MT4 now on MQL5.software and start automating smarter trades today. Remember, YoForex’s support team is standing by to help you configure, test, and optimize Nirio—absolutely free. Let Nirio handle the numbers while you focus on the bigger picture of growing your trading account!

Happy Trading