In the ever-evolving world of forex trading, speed and precision often determine success. Reverse Pending V1 EA MT4 is a powerful Expert Advisor designed for traders who want to catch breakout movements at the right moment without missing profitable opportunities. Built for MetaTrader 4, this EA eliminates emotional errors and streamlines your pending order strategy into a fully automated solution.
What Is Reverse Pending V1 EA MT4?
Reverse Pending V1 EA is an MT4-based automated trading bot that places pending orders above and below the current market price—anticipating breakout volatility. When a significant price movement occurs, the EA is triggered and takes advantage of momentum-driven trades while cancelling the opposite pending order.
It’s built specifically for traders who employ range breakout or news trading strategies. The expert advisor ensures you don’t miss the move in either direction and provides a systematic way to control risk with dynamic SL/TP options.
Core Strategy Explained
The underlying strategy of Reverse Pending V1 EA revolves around two key principles:
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Breakout Anticipation:
The EA places two pending orders—Buy Stop above the price and Sell Stop below it. This setup ensures the EA can catch the price breakout in either direction. -
Reverse Order Cancellation:
Once one side of the market triggers an order (say Buy Stop), the EA cancels the opposite (Sell Stop) order, helping avoid whipsaw or unexpected reversals.
This logic is particularly useful during high-impact news releases or technical range breakouts—times when markets are most volatile and price direction is unpredictable.
Key Features of Reverse Pending V1 EA
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✅ Dual Pending Order System
Place Buy Stop and Sell Stop simultaneously for breakout opportunities. -
✅ Smart Reverse Logic
Automatically cancels the opposite order once a breakout is detected. -
✅ User-Friendly Input Parameters
Customizable settings including lot size, distance, SL/TP levels, expiration time, and more. -
✅ High-Speed Execution
Designed for fast execution with minimal lag during volatile market conditions. -
✅ News Trading Friendly
Ideal for high-impact news where market slippage and price gaps are frequent. -
✅ Built-In Protection
Includes dynamic stop-loss and take-profit management based on pip distance or percentage.
Recommended Settings
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Timeframe: M1 to M15 (preferably M5)
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Currency Pairs: EURUSD, GBPUSD, USDJPY, XAUUSD (Gold)
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Minimum Deposit: $100 for standard accounts; $30 for cent accounts
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Leverage: 1:500 recommended for small accounts
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Trade Time: High-impact news sessions or breakout zones on technical charts
Ideal For Which Traders?
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Traders who prefer automated breakout strategies
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News traders looking for instant market reaction handling
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Low-capital traders who want tight risk control with clear entry/exit
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Beginner to intermediate users who prefer a plug-and-play style robot
Pros and Cons
Pros
✔️ Fast pending order placement
✔️ No need for chart prediction
✔️ SL/TP control and easy customization
✔️ Avoids false entries by cancelling untriggered orders
Cons
❌ Can underperform during low volatility
❌ Requires a good internet connection and low-latency broker for best results
How to Install Reverse Pending V1 EA
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Download the
.ex4or.mq4file -
Open MT4 and go to
File > Open Data Folder -
Navigate to
MQL4 > Expertsand paste the EA file -
Restart MT4 or refresh the
Navigator -
Drag the EA onto your chart and configure input settings
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Enable AutoTrading
Final Thoughts
Reverse Pending V1 EA MT4 is a must-have tool for breakout traders who want an edge during explosive price moves. With its simple yet effective pending order logic, it offers a high level of automation while giving you full control over execution conditions.
Whether you’re trading news events or just want to automate your breakout setup, this EA delivers consistent performance, minimizes manual errors, and can work well with even small account sizes.
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