Are you tired of constantly monitoring charts and second-guessing your trade entries? Meet Niri 4 EA V2.1 MT4, a high-tech forex trading bot built to simplify your life and help you trade more effectively. Designed with both beginners and seasoned traders in mind, this MT4 expert advisor takes over the heavy lifting—analyzing real-time market data, managing risk, and executing orders with precision. In this blog post, we’ll dive deep into what makes Niri 4 EA V2.1 MT4 stand out, explore its main capabilities, and show you how to configure it for optimal performance. Whether you’re new to algorithmic trading or looking to upgrade your current setup, you’ll discover why this forex trading bot is quickly becoming a favorite among traders worldwide.


What Is Niri 4 EA V2.1 MT4?


Niri 4 EA V2.1 MT4 (often referred to simply as “Nirio”) is an advanced MT4 expert advisor designed for automated trading in the forex market. The moment you attach it to a chart, Nirio begins scanning market conditions—opening, high, low, close, volume—and uses proprietary algorithms to determine high-probability entry and exit points. Its real strength lies in combining sophisticated risk management features with user-friendly flexibility. You don’t need to be a coder or math guru to benefit; Nirio was built to serve traders of all experience levels.



  • Real-Time Market Analysis: Tracks key price points and volume to identify current trends.

  • Intellectual Risk Management: Manages capital based on your chosen risk parameters.

  • Flexible Settings: Customize dozens of parameters without diving into the EA’s code.

  • Profit Protection: Includes dynamic Take Profit, Stop Loss, and Trailing Stop functions.

  • Spread & Volatility Filters: Automatically adjusts or refrains from trading if market conditions aren’t favorable.


Whether you’ve struggled with emotional trading or simply lack the time to sit by your MetaTrader 4 platform all day, Niri 4 EA V2.1 MT4 is your autopilot solution. Let’s look at its advantages and main capabilities in more detail.


Niri 4 EA V2.1MT4


Key Benefits of Niri 4 EA V2.1 MT4



  1. Reliability and Stability



  • Niri 4 EA V2.1 MT4 is coded to the highest industry standards, ensuring that the bot remains stable even when market conditions get choppy. No more worrying about sudden spikes or platform disconnects—Nirio keeps working round the clock.


    2. Intellectual Risk Management



  • With built-in capital management functions, this forex trading bot automatically calculates lot sizes based on your account balance. You can set a fixed percentage of capital to risk, and Nirio ensures it never exceeds that threshold.


     3. Real-Time Market Analysis



  • Nirio’s algorithm constantly analyzes OHLC (Open, High, Low, Close) and volume data to pinpoint trend direction. When the indicators align with predefined logic, it sends orders without hesitation—minimizing human error.


     4. Flexible Customization



  • The EA offers a comprehensive suite of parameters (34 in total) that let you fine-tune everything from how many bars to scan for extrema to logical point width. Whether you prefer a conservative style or aggressive scalping approach, Nirio adapts.


     5. Profit Protection



  • Once a trade moves in your favor, the built-in Take Profit, Stop Loss, and Trailing Stop functions safeguard your gains. Let Nirio lock in profits while you focus on other tasks—no babysitting required.


     6. Risk Minimization



  • Spread and volatility filters help prevent losing trades triggered by wide spreads or sudden market shocks. Nirio simply waits on the sidelines until conditions improve, cutting down unnecessary losses.


    7. Ease of Use



  • Even if you’re not tech-savvy, you can have Niri 4 EA V2.1 MT4 up and running in minutes. Attach the EA to your MT4 chart, adjust basic settings, and let the bot manage everything else. No coding knowledge needed.


    8. Order Management & Tracking



  • Each trade is automatically assigned a unique magic number, making it easier to track and manage orders. You can also add custom comments for better record-keeping and performance analysis.


Main Capabilities of Niri 4 EA V2.1 MT4


Below is a closer look at the most important features and parameters that make Niri 4 EA V2.1 MT4 such a powerful forex trading bot:



  • Order Management



  1. Automatic order tracking with unique OrderMagic numbers. You’ll never get trades mixed up, even if you run multiple EAs on the same account.



  • Order Commenting



  1. Use the OrderComment parameter (default: “FFN”) to tag each order. Helpful when reviewing trade history or exporting data for post-analysis.



  • Capital Management



  1. Toggle MoneyManagementOn (True/False) to let the EA calculate lot sizes automatically. Set MoneyManagementPercent to decide what percentage of your balance you’re willing to risk. Want to risk 2% per trade? Simply set that value and let Nirio do the rest.



  • Market Analysis Parameters



  1. SetSearchExtreme (default: 34): Number of bars used to find local extrema (highs/lows).

  2. SetIntegrationBars (default: 144): Number of bars to integrate for trend determination.

  3. SetCorrection (default: 8): Correction factor to avoid false signals.

  4. SetLogicalPointWidth (default: 3): Logical width (in pips/points) used for entry logic.

  5. SetBeam (default: 15): Trend beam factor for detecting directional momentum.



  • Order Limit



  1. ORDERS (default: 12): Maximum number of simultaneous open orders. Keep this low if you want a conservative approach; raise it if you prefer more exposure.



  • Profit & Loss Settings



  1. TakeProfit (default: 2000 relative units): The EA will close trades once this profit threshold is reached.

  2. StopLoss (default: 1044 relative units): Protect your account by automatically closing losing positions before damage gets too big.



  • Trailing Stop Functions



  1. TrailingOn (True/False): Activate or deactivate trailing stops.

  2. TrailingStart (default: 300 units): Distance from entry before the trailing stop kicks in.

  3. TrailingStop (default: 50 units): Distance to set the trailing stop once activated.



  • Spread & Volatility Filters



  1. SpreadFilterOn (True/False): Turn on spread filtering to avoid trading during high-spread conditions.

  2. SpreadFilter (default: 30 relative units): Maximum allowable spread (in points/pips) to open new trades.

  3. SpreadVolatilityFilterOn (True/False): Enable volatility filtering to pause the EA when market volatility spikes.



  • Additional Parameters



  1. enum_order_type_filling: Choose order filling type (e.g., Order_filling_fok = Fill or Kill).

  2. PipsLinza (True/False): Option to use PipsLinza for reducing spread impact.

  3. BOTVOLUME (default: 0.01 lots): Base lot size if money management is disabled.

  4. MaxDrawdown (default: 0, off): Optional parameter to shut down the EA if drawdown exceeds a set percentage.


These options aren’t just buzzwords—they translate into real-world advantages. By adjusting each setting, you can create a forex trading bot that perfectly aligns with your risk tolerance, preferred trading style, and account size.


Niri 4 EA V2.1MT4


How to Install & Configure Niri 4 EA V2.1 MT4


Setting up Niri 4 EA V2.1 MT4 on your MetaTrader 4 platform is straightforward:



  1. Download



     2. Copy to Experts Folder



  • Extract the downloaded ZIP file. Locate the Niri4EA_V2.1.ex4 (or .mq4 if you want to see/edit the code).

  • In MT4, click File → Open Data Folder → MQL4 → Experts. Paste the EA file here.


    3. Restart MetaTrader 4



  • Close and reopen MT4. The Niri 4 EA V2.1 MT4 should now appear under the Navigator → Expert Advisors section.


     4. Attach to Chart



  • Drag “Niri4EA_V2.1” onto your preferred currency pair chart (e.g., EURUSD, GBPUSD, USDJPY) on the H1 or M30 timeframe.

  • A settings window will pop up, listing all available parameters.


     5. Adjust Basic Settings



  • Under the Common tab, enable “Allow Live Trading” and “Allow DLL imports” (if required).

  • Under the Inputs tab, you can set:



  • MoneyManagementOn = True (recommended for beginners)

  • MoneyManagementPercent = 2.0 (risk 2% of account per trade)

  • TakeProfit = 2000, StopLoss = 1044

  • SpreadFilterOn = True, SpreadFilter = 30

  • TrailingOn = True, TrailingStart = 300, TrailingStop = 50


   6. Confirm & Activate



  • Click OK. Look for a small green auto-trading icon in the top toolbar; ensure it’s active. If you see a red smiley face or no face at all, right-click the chart, choose Expert Advisors, and click Allow Live Trading.


   7. Monitor & Fine-Tune



  • Let the Niri 4 EA V2.1 MT4 run for at least a week on a demo account first. Adjust SetSearchExtreme, SetIntegrationBars, and other advanced parameters based on performance. Keep a journal of your trades and tweak the settings until you find a sweet spot.


Below is an example screenshot of the recommended basic settings panel (for reference):


Why Choose Niri 4 EA V2.1 MT4?



  • Proven Reliability: Traders have tested Nirio in both backtests and live accounts across multiple brokers. The stability standards ensure you get consistent performance.

  • Ongoing Updates: The developer team regularly rolls out updates to keep up with shifting market dynamics. Your forex trading bot won’t become obsolete overnight.

  • User-Friendly Documentation: Comprehensive PDF manuals and video tutorials walk you through every setting—coz nobody wants a complicated manual, right?

  • Dedicated Support: If you hit any roadblocks, a support team is just a message away via email or Telegram.


In short, if you’re looking for an MT4 expert advisor that balances automation with flexibility, Niri 4 EA V2.1 MT4 should be at the top of your list.


Risk Disclaimer & Support Information



  • Support Channels:



  1. WhatsApp: https://wa.me/+443300272265

  2. Telegram Group: https://t.me/yoforexrobot

  3. Remember, the dev team is happy to answer ANY configuration or optimization questions. Ping them anytime!



  • Disclaimer:



  1. Past performance is no guarantee of future results. Algorithmic strategies are subject to market risks. Always test on a demo account before switching to live.

  2. Exercise responsible trading: never risk money you cannot afford to lose, and consider diversifying strategies across different EAs or manual methods.


Call to Action


Ready to take your forex trading to the next level? Download Niri 4 EA V2.1 MT4 now and harness the power of automated, intelligent market analysis. Don’t waste time staring at charts—let Nirio do the hard work while you enjoy life. Unlimited support is available via WhatsApp and Telegram, so you’ll never feel stranded when tweaking your settings.


Grab your copy of Niri 4 EA V2.1 MT4 today and start trading smarter!


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Happy Trading