Long and Short EA V1.1 MT4 – Balanced Trading for Both Market Directions
Trading forex is tough enough when you only focus on one side of the market… but what if your robot could handle both directions equally well? That’s exactly what the Long and Short EA V1.1 MT4 is built for. It doesn’t matter if EURUSD is rallying or if GBPUSD is tanking—the EA can place trades in both bullish and bearish trends, making it a versatile companion for traders who don’t want to sit idle during half the market moves.
This Expert Advisor is designed to work on major currency pairs like EURUSD, GBPUSD, USDJPY, and AUDCAD. It adapts to any market condition since forex never moves in just one direction. Best part? You can start with as little as $200 minimum deposit, making it beginner-friendly and practical for prop-firm challengers as well.
Overview of Long and Short EA V1.1 MT4
The Long and Short EA V1.1 MT4 is an automated trading robot that executes trades in both directions—long (buy) and short (sell). Unlike one-sided bots that rely only on trends or reversals, this EA balances exposure and looks for opportunities in both directions simultaneously.
It’s particularly useful during sideways markets or when volatility spikes after news releases. Instead of missing out, the EA locks into positions and manages them with built-in stop loss and take profit logic.
Some traders prefer to assign it on EURUSD M15 or H1 charts, but in reality, the EA can run on most pairs and timeframes with optimized settings.
Key Features
- Supports both long and short trades for balanced market coverage
- Works on major forex pairs: EURUSD, GBPUSD, AUDCAD, USDJPY, US30, XAUUSD
- Minimum deposit requirement: only $200
- Optimized for M15, H1, and H4 timeframes
- Includes dynamic stop loss & take profit logic
- Risk management tools for prop-firm compatibility
- Low CPU usage, so multiple charts can run on the same terminal
- No complicated setup—simply attach to chart and adjust lot size
- Smart recovery system to reduce drawdowns during volatile sessions
- Runs on the highly popular MetaTrader 4 (MT4) platform
Backtest & Performance Insights
When backtested on EURUSD M15 with a $200 starting balance, Long and Short EA V1.1 MT4 showed:
- Consistent gains of 5–10% monthly under moderate risk settings
- Maximum drawdown capped under 20% in most scenarios
- Smooth equity curve with balanced exposure during trending and ranging markets
For traders who tested it on gold (XAUUSD) and indices (US30), the EA demonstrated flexibility, though those require higher deposits for proper margin management.
It’s important to note that backtests aren’t perfect predictors of the future, but they do show how the EA handles different market phases.
How to Install & Configure Long and Short EA V1.1 MT4
- Download the EA file (ex4/ mq4) from your provider.
- Open MT4 → File → Open Data Folder → MQL4 → Experts.
- Copy the EA file into the Experts folder.
- Restart your MT4 terminal.
- Drag and drop the EA onto your chosen currency chart (e.g., EURUSD M15).
- In the inputs/settings, configure:
- Lot size (start small, e.g., 0.01 for $200 balance)
- Risk % per trade
- Take Profit & Stop Loss levels
7. Enable AutoTrading and let the EA run.
Tip: Always test the EA first on a demo account to adjust settings before going live.
Who Should Use Long and Short EA V1.1?
- Beginners – simple setup, low deposit requirement.
- Prop-firm traders – balances long & short, lowering evaluation risk.
- Scalpers & swing traders – flexible on multiple timeframes.
- Small account holders – works even with $200 minimum capital.
Risk Management & Tips
- Use VPS hosting for 24/7 stable trading.
- Stick to low spreads brokers for better execution.
- Avoid over-leveraging; 1:100 or 1:200 leverage is enough.
- Test different timeframes to see where the EA performs best.
Final Thoughts
The Long and Short EA V1.1 MT4 is a straightforward but highly practical trading robot. Instead of betting on just one side of the market, it manages positions in both directions—ideal for traders who want continuous action. With a low minimum deposit and multi-pair support, it’s a handy tool for anyone stepping into automated trading.
