Legend Pro Trader EA V11.3 MT4

Introduction

In the fast-paced world of forex trading, staying ahead of market moves often requires split-second decision-making and disciplined risk management. Legend Pro Trader EA V11.3 for MetaTrader 4 is an advanced Expert Advisor (EA) designed to automate your trading strategies and capitalize on market opportunities 24/5—all without emotional bias. Whether you’re a busy professional or a full-time trader, Legend Pro Trader EA V11.3 brings institutional-grade algorithms directly to your desktop.

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What Is Legend Pro Trader EA V11.3?

Legend Pro Trader EA is a rule-based trading robot built for MT4 that combines multiple technical indicators, dynamic position sizing, and adaptive stop-loss/take-profit logic. Version 11.3 introduces several enhancements over its predecessors, including:

• Improved Signal Filtering: Reduces false signals by combining trend-strength filters with volatility breakouts.

• Adaptive Risk Engine: Adjusts lot sizes based on account equity and user-defined risk tolerance.

• Multi-Timeframe Analysis: Confirms trades across M15, H1, and H4 charts for higher-probability setups.

• News Avoidance Module: Pauses trading during high-impact economic events to minimize slippage.

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Core Features and Strategy

1. Trend Confirmation:

   • Uses EMA (Exponential Moving Average) crossovers on multiple timeframes to identify prevailing trends.

   • Confirms trend strength with the ADX (Average Directional Index) to avoid whipsaw signals.

2. Volatility Breakout Entry:

   • Employs ATR (Average True Range) bands to detect expansion phases.

   • Places entry orders at breakout points, capturing momentum moves.

3. Dynamic Risk Management:

   • Calculates lot size as a percentage of account balance (configurable from 0.5% to 5%).

   • Automatically scales position size after a series of wins or losses, preserving capital.

4. Smart Exit Logic:

   • Combines trailing stop-loss with volatility-based take-profit targets.

   • Closes positions if ADX falls below a threshold, indicating trend exhaustion.

5. News Filter:

   • Integrates an economic calendar to suspend trading during major news releases.

   • Customizable “news blackout” windows to suit your trading style.

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Performance Overview

Legend Pro Trader EA V11.3 has been back-tested and forward-tested on major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. Key performance highlights include:

• Average Monthly Return: 4–7% (variable by pair and market conditions)

• Maximum Drawdown: Under 12% with default settings

• Win Rate: Approximately 63% across all trades

• Risk-Reward Ratio: 1:1.8 on average

These figures are based on historical data from January 2020 to March 2025 and may vary in live markets.

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Installation & Setup Guide

1. Upload EA Files:

   • Copy the LegendProTraderV11.3.ex4 file into your MT4 /Experts folder.

   • Place any required .dll files in the /Libraries folder.

2. Load on Chart:

   • Restart MetaTrader 4.

   • Open a 15-minute (M15) chart for your chosen currency pair.

   • Drag “Legend Pro Trader EA” from the Navigator onto the chart.

3. Configure Inputs:

   • LotRiskPercent: 2 (means 2% of equity per trade)

   • MaxSpread: 2.5 (pips allowed)

   • MagicNumber: 113 (unique identifier for this EA)

   • NewsFilter: true (enable news avoidance)

4. Enable AutoTrading:

   • Click the “AutoTrading” button or press Ctrl+E.

   • Ensure the EA’s smiley face icon appears in the top-right of the chart.

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Recommended Settings

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Pros & Cons

Pros:

• Robust multi-indicator strategy reduces false signals.

• Flexible risk management adapts to account size.

• Built-in news filter protects against volatile spikes.

• Easy to install and configure on MT4.

Cons:

• Requires VPS for stable 24/5 uptime.

• Performance may vary in low-liquidity market hours.

• Back-tests do not guarantee future results.

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Conclusion

Legend Pro Trader EA V11.3 MT4 is a feature-rich, automated solution for traders seeking to offload the manual work of chart-monitoring. With its multi-timeframe confirmation, volatility breakout entries, and adaptive risk engine, it offers a balanced blend of performance and protection. While no EA can eliminate trading risk entirely, Legend Pro Trader V11.3 aims to keep your account safe during uncertainty and capitalize steadily on market trends.

Ready to transform your forex trading? Download Legend Pro Trader EA V11.3 for MT4 today and experience institutional-grade automation on your desktop.