EA Magic Sand MT4

The EA Magic Sand MT4 is a sophisticated trading tool that employs an amalgamation of technical analysis, trend-following, and news filtering strategies to execute multi-currency grid trades. Its advanced trading algorithms, coupled with its intuitive user interface, makes it a considerable choice for traders seeking an automated solution to their forex trading needs.

In this comprehensive review, we’ll take a closer look at the features, settings, and performance of EA Magic Sand MT4 to help you decide whether it’s the right choice for your trading needs.

EA Magic Sand MT4 Strategy

The EA Magic Sand MT4 is a multi-currency grid trading EA that uses a combination of technical analysis, trend following, and news filtering strategies. This forex expert advisor can trade on a standard or cent account, and it supports a variety of currency pairs, with EURUSD being the preferred pair for the standard account and EURUSD, GBPUSD, NZDUSD, AUDUSD, AUDJPY, USDCHF, and XAUUSD being the recommended pairs for the cent account.

EA Magic Sand MT4
EA Magic Sand MT4

The EA has several settings, including the ability to trade either buy or sell orders or both, the option to enable a news filter to avoid trading during news releases, and the use of a trend filter to trade in the direction of the trend. The EA also features a grid trading strategy with three entry points, which can be reversed if the Reverse Entry options are set to true. The EA uses a fixed distance between trades for the first entry, and the distance between trades can be adjusted manually by setting the Start Lot. Additionally, the EA uses an equity stop and a daily profit target to manage risk.

Additionally, the EA has a DD Alert feature that can send notifications to your phone when the maximum drawdown is reached, and it also includes a trailing stop feature. Demo testing is an essential step in the process of using any trading strategy or expert advisor, including the EA Magic Sand MT4. It provides an opportunity to test the strategy in a risk-free environment, allowing traders to assess its performance and determine whether it is in line with their trading goals and style.


By demo testing the EA, traders can evaluate its ability to generate winning trades, manage risk, and handle adverse market conditions. They can also test different settings and configurations to optimize the EA’s performance and adjust it to their individual preferences.

EA Magic Sand MT4 Features

  • It is designed for the MetaTrader 4 platform.
  • Its flexible settings allow traders to customize the EA to their preferences.
  • The ability to trade multiple currency pairs, including EURUSD, GBPUSD, NZDUSD, AUDUSD, AUDJPY, USDCHF, and XAUUSD.
  • The option to add more currency pairs based on the trader’s capital.
  • The ability to use the EA on both Standard and Cent accounts.
  • The use of multiple time frames, including H1, H4, and M15.
  • It uses an automatic news filtering to avoid trading during high-impact news events.
  • Trend filtering to follow the direction of the current trend.
  • It uses the trailing stop functionality to lock in profits and minimize losses.
  • It makes use of equity stop to limit losses based on the trader’s equity.
  • It has daily profit target to take profits at a specific level.
  • It has a DD Alert feature to send notifications when drawdown exceeds a specified amount.
  • It makes use of a User-defined lot size and risk management.
  • It employs three different entry types, including first entry, second entry, and third entry, with the option to reverse trades if desired.

EA Magic Sand MT4 Settings

  • Trade Buy – Enable or disable the EA to take BUY orders.
  • Trade Sell – Enable or disable the EA to take SELL orders.
  • Open New Series – Enable or disable the EA to open new series of orders.
  • First Entry – Enable or disable the EA to take the first entry.
  • Reverse Entry 1 – Enable or disable the EA to take opposite direction trade for the first entry.
  • Fix Distance – Set the distance between each trade for the first entry.
  • Second Entry – Enable or disable the EA to take the second entry.
  • Reverse Entry 2 – Enable or disable the EA to take opposite direction trade for the second entry.
  • Third Entry – Enable or disable the EA to take the third entry.
  • Reverse Entry 3 – Enable or disable the EA to take opposite direction trade for the third entry.
  • Use Filter Trend – Enable or disable the EA to use trend filtering.
  • Start Lot – Set the manual lot size for the trades.
  • Use Equity Stop – Enable or disable the EA to use equity stop for risk management.
  • Equity Risk in $ – Set the amount of equity risk in dollars for each trade.
  • Daily Profit Target – Set the daily profit target for the EA.
  • DD Alert – Enable or disable the EA to send notifications when drawdown exceeds a specified amount.
  • Max DD in $ – Set the maximum drawdown amount in dollars for the EA to send notifications.
  • Use Trailing Stop – Enable or disable the EA to use trailing stop functionality.
  • Trailing Stop – Set the distance for the trailing stop.
  • Trailing Step – Set the step for the trailing stop.
  • Enable News Filter – Enable or disable the EA to filter out news events.
  • Close Open Trade During News – Set the amount of drawdown at which the EA should close open trades during news events.

EA Magic Sand MT4 Summary

From my personal point of view, EA Magic Sand MT4 is a versatile trading tool that can be used on both standard and cent accounts with various currency pairs and timeframes. Its strengths lie in its ability to use trend filters and news filters to avoid trading during volatile market conditions. It also has the option to use equity stops and trailing stops for risk management.

One potential weakness of the EA Magic Sand MT4 is that it relies heavily on technical indicators and may not perform as well in rapidly changing market conditions. As with any trading tool, it is important to demo test the EA and apply good risk management settings before using it in live trading.

Overall, the EA Magic Sand MT4 may be a considerable tool for traders who prefer a more automated approach to trading and are comfortable with using technical indicators for decision-making. However, it is important to approach it with caution and conduct thorough testing and risk management to minimize potential losses.

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