Meet Chinese EA V1.1 MT4, a powerful Expert Advisor designed for traders who want to harness the volatility and momentum of the Asian forex market. Built specifically for MetaTrader 4, this EA focuses on high-probability entries during the Asian trading session, when liquidity and price movements offer great opportunities for short-term scalping. With its advanced algorithmic logic, Chinese EA V1.1 helps you execute precise trades with minimized risk, making it an ideal choice for traders looking to capitalize on the quiet yet potent movements of the Asian session.


Let’s dive into the strategy behind Chinese EA V1.1 MT4, how it works, its key features, and the settings you need to get started.


What Is Chinese EA V1.1 MT4?


Chinese EA V1.1 MT4 is a fully automated Expert Advisor built to trade Asian forex pairs during the Asian market session (typically from 12:00 AM to 8:00 AM GMT). By focusing on low-volatility markets, the EA capitalizes on price fluctuations and small breakouts that are typical in the early trading hours.


This EA was specifically developed to optimize trading during the Asian session, taking advantage of liquidity and volatility patterns to secure consistent profits while maintaining controlled risk. It works with several major and minor currency pairs, including EURUSD, USDJPY, GBPUSD, and more.


Key Features of Chinese EA V1.1 MT4


1) Asian Market Focus : The EA is specially designed to trade during the Asian session, where price movements are generally more predictable and controlled, making it a scalper-friendly strategy.


2) Advanced Strategy Logic



  • Chinese EA V1.1 uses a combination of technical indicators like RSI, MACD, and Bollinger Bands to confirm strong market signals and entries.

  • The EA’s strategy is designed to catch small price movements and capitalize on short-term reversals, offering solid risk-to-reward ratios.


3) No Martingale or Grid : The EA doesn’t rely on risky strategies like Martingale or grid trading. Instead, it uses sound trade management based on market conditions to maintain a steady risk level.


4) Dynamic Stop Loss & Take Profit : The stop-loss and take-profit levels are dynamically adjusted based on market volatility. The EA is programmed to adjust take-profit and stop-loss levels in real-time to maximize profit and minimize risk exposure.


5) Trade Alerts and Notifications : Chinese EA V1.1 offers built-in trade alerts. Users can receive email and push notifications about trade setups, entries, exits, and updates, keeping them informed at all times.


6) Optimized for Major Pairs : The EA works well with major currency pairs such as EURUSD, USDJPY, GBPUSD, and others. It’s tailored for pairs that exhibit liquidity during the Asian session.


7) Low Risk, High Precision : Designed to be a low-risk scalper, Chinese EA V1.1 MT4 offers excellent control over the position size and risk per trade. Each trade is calculated with proper risk management in mind to ensure no single trade can deplete your account.



How Chinese EA V1.1 MT4 Works



  1. Market Scan : At the start of the Asian trading session, the EA scans for pairs with liquidity and volatility levels suitable for scalping.

  2. Signal Generation : The EA uses RSI, MACD, and Bollinger Bands indicators to detect potential breakouts and reversals. It will only open a position if multiple signals align to confirm a high-probability entry.

  3. Entry Triggers : When the conditions are met, the EA opens a trade in the preferred direction, targeting small price movements (10–30 pips). It avoids entering trades during high-impact news events to reduce risk.

  4. Exit Strategy : The trade is automatically closed when the take-profit or stop-loss level is hit. In some cases, if the market shifts quickly, the EA will exit early to lock in profits or minimize losses.

  5. Trade Management : Chinese EA V1.1 continually adjusts the stop-loss and take-profit in real-time, ensuring that trades are optimized for both profit and risk management. The EA also uses trailing stop features when the price moves in favor of the trade.


Recommended Settings (Quick Start)



  • Symbol: EURUSD, USDJPY, GBPUSD

  • Timeframe: M1 or M5 (optimal for scalping)

  • Account Type: ECN or Raw spread for better execution

  • Leverage: 1:100–1:500 (depends on your broker and risk tolerance)

  • Minimum Deposit: $200 or more (depending on your risk tolerance and account balance)

  • Lot Size: Dynamic (risk percentage of account balance)

  • Max Spread: 2–3 pips (adjustable based on your broker)

  • Max Daily Trades: 10 (adjustable based on your risk preferences)

  • Trade Timeframe: Asian Session (12:00 AM – 8:00 AM GMT)



Installation (MT4)


Easy Steps to Install Chinese EA V1.1 MT4:



  1. Download the EA file (Chinese_EA_V1.1_MT4.ex4).

  2. Open MT4 → File → Open Data Folder → MQL4 → Experts and paste the EA file.

  3. Restart MT4 or right-click Experts → Refresh.

  4. Drag Chinese EA V1.1 onto a chart of your choice (e.g., EURUSD M5).

  5. Enable auto trading in MT4 (green play button in the top toolbar).

  6. Adjust settings for risk management, session time, and pairs. Press OK.


Backtesting & Performance


Backtest Conditions:



  • Symbol: EURUSD

  • Timeframe: M5

  • Data: 2017–2025 tick data, variable spreads

  • Slippage: 0.5 pips

  • Risk per trade: 0.5%


Example Results:



  • Profit Factor: ~1.7

  • Win Rate: ~65%

  • Max Drawdown: ~10%

  • RRR: 1.5:1

  • Average Trade Duration: 5–10 minutes


Note: The backtest data above is just an example. Actual performance may vary depending on your broker's spreads and slippage.


Risk Management (Prop-Firm Friendly)


Chinese EA V1.1 is prop-firm compliant, designed with tight risk management to protect your account:



  • Daily Loss Limit: 2–3%

  • Max Drawdown: 10%

  • No Martingale / Grid: Every position has its own stop-loss, ensuring controlled risk.

  • Max Trades Per Day: 10 trades

  • Equity Protection: Stops trading after maximum daily loss is hit.

  • No Overtrading: Limits the number of trades to prevent emotional decisions.


FAQs


1. Is Chinese EA V1.1 suitable for beginners?
Yes, this EA is beginner-friendly with an automated setup and pre-defined risk management settings. It’s a great way to get started with automated trading during the Asian market session.


2. What are the best currency pairs for this EA?
The EA works well with EURUSD, GBPUSD, USDJPY, and other pairs with good liquidity during the Asian session.


3. What is the minimum deposit required?
A minimum deposit of $200 is recommended to ensure sufficient capital for trading, but it can be adjusted based on your risk tolerance.


Call to Action


Ready to seize the opportunities in the Asian forex market? Download Chinese EA V1.1 MT4 today and start automating your scalping trades during the Asian session. With its precision, low-risk management, and powerful strategy, it’s time to level up your trading with Chinese EA V1.1 MT4.


Happy Trading