Make Money EA

The Make Money EA is a trading robot designed to identify and take advantage of trending markets. It is an automated trading system developed for use on the MetaTrader 4 trading platform. The EA uses two moving averages to determine the trend and enter trades in the direction of the trend at the close of every candle.

In this review, we will examine the Make Money EA in-depth, including its strengths, weaknesses, and risk management features. By the end of this review, readers should have a comprehensive understanding of the Make Money EA and be better equipped to decide whether it is a suitable tool for their trading strategy.

Make Money EA Strategy

The Make Money EA is a forex trading robot developed specifically for use on the MetaTrader 4 platform. This EA is designed to identify trending markets and enter trades in the direction of the trend. The developer recommends starting with the 1-hour and 4-hour timeframes and using highly volatile currencies like GBPNZD, EURAUD, GBPJPY, GBPUSD, EURJPY, and possibly AUDUSD for the best chances of success. Other time frames can be explored with more experience using this EA.

Make Money EA
Make Money EA

The Make Money EA uses two moving averages, a slow one and a fast one, to determine the direction of the trend. Both moving averages must be pointing in the same direction for the EA to identify a valid trend. The EA will then enter a deal at the close of every candle at the price of the closed candle.

To filter out trades that occur in sideways markets, the Make Money EA uses the ADX indicator, which measures the volatility and trendiness of a currency. Additionally, users can limit the number of open deals allowed and the EA uses a risk management filter to avoid risky trades. Each trade also has its own stop loss.


The Make Money EA utilizes a trailing stop, which is a risk management technique that adjusts the stop loss level to lock in returns as the trade moves in the trader’s favor.

Strengths of the Make Money EA include its ability to identify and enter trades in the direction of a trend, its use of risk management filters, and the ability to set a limit on the number of open deals. The EA is also optimized for a specific timeframe but can work on any timeframe, making it versatile.

Weaknesses of the Make Money EA may include its reliance on moving averages and the ADX indicator to determine trends, which may not always accurately reflect market conditions. Additionally, its reliance on a single strategy may limit its ability to adapt to changing market conditions.

As with any EA, it’s recommended to test the Make Money EA on a demo account before using it with real money. Demo testing can provide valuable insight into the EA’s performance and help identify any potential issues or areas for improvement. Additionally, it’s important to use proper risk management techniques when trading with any EA.

Make Money EA Features

  • It is a forex trading robot developed for use on the MetaTrader 4 trading platform.
  • It identifies and trades trending markets.
  • H1 and H4 time frames recommended by the developer
  • Other time frames can be explored with more experience using this EA.
  • Highly volatile currencies like GBPNZD, EURAUD, GBPJPY, GBPUSD, EURJPY, and AUDUSD suggested for optimal results
  • It uses two moving averages to determine trend direction.
  • It filters out sideways markets with the ADX indicator.
  • It limits open trades and uses risk management filters.
  • Includes stop loss and trailing stop.
  • Allows for backtesting to assess performance.

Make Money EA Settings

  • First MA Period: Sets the period for the first moving average used to determine trend direction. Minimum value is 11.
  • Second MA Period: Sets the period for the second moving average used to determine trend direction. Minimum value is 1.
  • First MA Method: Selects the method for calculating the first moving average.
  • Second MA Method: Selects the method for calculating the second moving average.
  • ADX Period: Sets the period for the ADX indicator used to filter out sideways markets. Minimum value is 1.
  • ADX Trigger Level: Sets the trigger level for the ADX indicator. Minimum value is 0.
  • Position Action At Trend Change: Selects the action to take when the trend changes.
  • Direction of Trade Entry: Selects the direction of trades to take.
  • Max Spread for Position Entry: Sets the maximum spread allowed for trade entry in pips.
  • Max BUY Trades Open at a Time: Sets the maximum number of open buy trades allowed. Minimum value is 0.
  • Max SELL Trades Open at a Time: Sets the maximum number of open sell trades allowed. Minimum value is 0.
  • Position Sizing Method: Selects the method for determining trade size.
  • Initial Risk Percent: Sets the initial risk percentage for trades. Minimum value is 0.1.
  • Lots for “Manual Lot Size”: Sets the lot size for manual trades.
  • Initial SLfor New Position: Sets the initial stop loss for new trades in pips.
  • Take Profit: Sets the take profit level in pips.
  • Stop Loss Management Method: Selects the method for managing stop loss levels.
  • Move SL to Breakeven at Profit: Sets the profit level at which the stop loss should be moved to breakeven.
  • Trailing Start at Profit: Sets the profit level at which the trailing stop should begin. Minimum value is 1.
  • Trailing SL: Sets the distance for the trailing stop in pips. Minimum value is 1.
  • Trailing Stepping: Sets the stepping for the trailing stop in pips. Minimum value is 1.
  • Reference Time Selection: Selects the reference time for the EA.
  • GMT Offset of Broker: Sets the GMT offset for the broker.
  • Entry Window From Hour/Minute: Sets the start time for the trade entry window.
  • Entry Window Until Hour/Minute: Sets the end time for the trade entry window.
  • Monday-Sunday Trade Entry: Selects the days on which trades can be entered.
  • Magic Number: Sets the unique identifier for the EA’s trades.

Make Money EA Summary

The Make Money EA is a trending EA that enters trades in the direction of the trend using two moving averages and the ADX indicator. Its strengths include optimized settings, risk management features, and the ability to limit open trades. However, a weakness is its reliance on trending markets alone, which may result in missed opportunities during periods of ranging or choppy market conditions. It is important to note that any trading strategy carries risk. The Make Money EA is a considerable option for traders who have a solid understanding of market trends and want to trade them consistently. Demo testing the EA and applying good risk management practices are highly recommended.


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