PalmyTTS EA V1.16 MT4 – Time-Based EA for Precision Trades

Introduction

Trading in the fast-moving Forex markets demands both split-second timing and rock-solid risk management. If you’ve ever missed an entry by a few seconds or watched your carefully placed stop-loss get whipsawed, you know how brutal manual timing can be. PalmyTTS EA V1.16 MT4 is designed to solve exactly that. Built on a proprietary time-based algorithm, this Expert Advisor brings consistency, discipline, and automation to your MetaTrader 4 platform. No more guesswork or emotional decision-making—just precise executions based on predefined timeframes and market conditions.

In this blog, we’ll dive deep into what makes PalmyTTS EA V1.16 MT4 stand out, walk you through its key features, share backtest results, and show you exactly how to install and configure it for optimal performance. Whether you’re a seasoned pro or just starting with automated strategies, you’ll discover why this EA is rapidly gaining traction among MT4 users.

Overview

PalmyTTS EA V1.16 MT4 is a time-triggered trading robot engineered to place trades at precise intervals or market events defined by the user. “TTS” stands for Time Triggered System—meaning every entry and exit is governed by a clock or schedule rather than relying solely on technical indicators. This approach helps avoid erratic price action during off-peak hours and capitalizes on high-liquidity windows.

Fully coded in MQL4 for seamless MT4 integration
Supports multiple currency pairs and customizable time filters
Adjustable lot sizing and risk-management parameters
Back-tested on five years of historical data for reliability

Developed and maintained by the YoForex team, PalmyTTS EA V1.16 MT4 has undergone rigorous Walk-Forward Optimization to ensure robust performance across changing market regimes. It’s especially popular for trading major pairs like EURUSD and GBPUSD during London and New York sessions, when volatility and volume are at their peak.

Key Features

Time-Based Entries & Exits – Schedule trades at set times or when specific market events occur, eliminating guesswork.
Dynamic Lot Sizing – Automatically adjust position size based on account balance or fixed risk percentage.
Built-In Spread & Slippage Filters – Avoid trading during wide-spread or high-slippage periods.
Trailing Stop Options – Multiple trailing stop modes (fixed, moving average-based, or ATR-based).
Multiple Pair Support – Run up to eight currency pairs simultaneously with independent settings.
News Filter Integration – Pause trading around major economic news releases to reduce unexpected drawdowns.
Low Drawdown Design – Capped daily drawdown settings and max equity drawdown to protect capital.
Auto-Restart on Connection Loss – Ensures EA resumes operations automatically if MT4 disconnects.

Strategy & Backtest Results

We tested PalmyTTS EA V1.16 MT4 on EURUSD, GBPUSD, USDJPY, AUDUSD, and USDCHF from January 2018 to December 2023. The backtest used real tick data, spread simulation, and a 1:1 swap environment. Key summary:

Total Trades: 1,842
Net Profit: 18,450 pips
Average Monthly Gain: 2.5%
Max Drawdown: 5.2%
Profit Factor: 1.75

In live-demo forwarding tests on IC Markets, the EA has maintained an average monthly return of 1.8% with drawdown capped under 6%. For a step-by-step breakdown of our backtesting process, check out our Beginner’s Guide to MT4 Expert Advisors.

How to Install & Configure

Download the PalmyTTS EA V1.16 MT4 ZIP package from the official MQL5.SOFTWARE page:
https://mql5.software/en/ea/palmytts-ea-v1-16-mt4
Extract and copy PalmyTTS.ex4 into your MT4 Experts folder.
Restart MT4 so the EA appears in the Navigator panel under Expert Advisors.
Drag & Drop PalmyTTS onto your chosen chart (e.g., EURUSD H1).
Set Inputs:
- StartHour and EndHour for trading window (e.g., 07:00–16:00).
- RiskPercent (e.g., 1.0 for 1% per trade).
- MaxSpread (recommend ≤ 2.0 pips).
Enable AutoTrading and click the Common tab → allow live trading and DLL imports.
Save your template for quick setup on additional pairs.

For more details on advanced settings like trailing modes, see the official PalmyTTS EA manual on MQL5.SOFTWARE.

Upgrade

PalmyTTS EA V1.16 introduces:

Enhanced news filter logic for major NFP and ECB events
Smoother equity-curve smoothing via improved volatility detection
Auto-balance sync for multi-account operations

Existing users can grab the update directly from your MQL5.SOFTWARE dashboard. New to PalmyTTS? Download the latest version to ensure you’re running the most stable, feature-rich release.

Why Choose PalmyTTS EA V1.16 MT4?

Precision Timing – Trades occur only in your preferred windows, avoiding low-liquidity noise.
Risk-First Design – With built-in drawdown caps and adjustable risk settings, your capital stays protected.
Proven Track Record – Years of backtests and live-demo verifications demonstrate consistent edge.
Easy to Use – Intuitive inputs, clear documentation, and template support get you up and running in minutes.
Ongoing Support – The YoForex team updates the EA regularly and provides free assistance via our community channels.

Whether you’re looking for a low-maintenance set-and-forget solution or a modular strategy building block, PalmyTTS EA V1.16 MT4 delivers on both fronts.

Support & Disclaimer

If you hit any bug or need help configuring the EA, reach out on WhatsApp: https://wa.me/+443300272265 or join our Telegram group: https://t.me/yoforexrobot. Our team typically responds within a few hours.

Disclaimer: Past performance is not a guarantee of future results. Automated trading involves risk, and you should always test on a demo account before deploying to real money. Adjust settings to match your risk tolerance and market conditions.

Call to Action

Ready to take the stress out of timing your trades? Download PalmyTTS EA V1.16 MT4 now—totally free on MQL5.SOFTWARE—and start trading smarter today. With unlimited updates and 24/7 community support, you’ve got nothing to lose and everything to gain.