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Recent Comments from our Forum:

"This week has been my best week to date: over 6000 pips in total"

"Up nearly 5,000 pips between Sunday evening and today"

"But of all the EAs I've used I've had the most success with this one"

How the Make Money EA was Created

 

How the Make Money EA was created

In late 2015 Expert4x had a 2-month Forex Trading Competition which ended on the 23rd of January 2016. The winner of the competition produced 860% return in those 2 months. The Winner then got together with Expert4x and a Udemy course called “How I produced an 860% return in 2 months in a Forex trading competition” was created.  After the course was launched and the trading process published we found that most of the trading decisions and position sizing could be adapted for automation.

The Make Money EA was created with all the winning decision making built in. What is more is that more risk management tools were added to filter out risky trades and reduce risk. Targets and stops were also made more flexible.

At it's launch in 2016 the MakeMoney EA was promoted using the 4 Hour and 15 minute timeframes. Over time and EA trading experience these timeframes appeared to be long. It was found that by reducing the number of open trades and using the 5 minute timeframes much more robust and lower risk results were produced.

Users and new clients soon benefited from these lower risk short timeframe settings. In the most recent update these finding were reconfirmed providing a new platform for the production of robust results.

Finalized results of a 2021 Make Money Forex EA competition with $2500 prize money

So What is the Make Money Capable of ??

The quickest way of evaluating and EA is by back trading it to see it's potential. These back traded results do not represent the kind of results that will be easily achieved and are often  merely a guide as to the potential of the EA.

The analysis below is available to owners of the EA and show 4 timeframes back traded for 10 currencies giving 40 downloadable set files.

This very detailed analysis allows traders to be very selective about which setting they want to use based on their preferences which include: profitability levels, time frame, drawdowns, setting consistency, currencies and much more.

DISCLAIMER AND WARNING: Unfortunately, when testing and creating new EAs we are mainly restricted to past history to provide guidance on what may work in the future. EAs are built and designed using past history to prove their feasibility if used in the past. The results of these tests are in no way a promise or guarantee of future success or a marketing deception of the possible profitability of this EA. The results are not presented to create unrealistic expectations and users should be aware that the results are a highly optimistic analysis of history. History is unlikely to repeat itself so these results are merely an analysis of the past and should not be deemed to guarantee future profitability. ALL Forex EAs and trading techniques in this volatile and inconsistent Forex market have large drawdowns and losing streaks from week to week, or from month to month, so short-term results are not always an indication of the long-term potential of an EA or technique. Forex trading is risky and you can lose all your money quickly if you are not skilled in position sizing and risk management. The settings and set files were created from historic testing and do not represent recommendations or advice from the suppliers of these EAs. Use the information and settings supplied at your own risk and take into account the limitations of how they were created.

Watch this video to see recent live trading results 

How does the EA work and what are the settings ?

This EA is a trending EA that only enters trades when the market starts trending

Please refer to the input section shown to see how the items below are catered for in the EA

  1. The EA will enter a deal in the direction of the trend at the close of every candle at the price of the closed candle.
  2. The trend is determined by 2 moving Averages (a slow one and a fast one). Both moving averages must be pointing in the same direction for a valid trend to be in place. You can change the setting for these MAs
  3. You can limit the number of open deals you what to allow.
  4. Every transaction can be given a target and a stop. Reaching the target or being stopped out is one way transactions are closed.
  5. When the trend changes from for example a Buy to a Sell you can decide if you want to keep open transactions open or to close them all. That is another way transactions are closed.
  6. You can use the ADX indication to filter out transaction that occur in sideways markets. The ADX measure the volatility and trendiness of a currency.
  7. You can position size your trades for this EA on a fixed lot or % of your account/equity/free margin basis
  8. You can use a flexible trailing stop or a breakeven stop to manage profitable deals.
  9. You can determine the time of day you want to allow the EA to open deals
  10. You can determine the Day of the Week you want the EA to open deals.
  11. You can even change the direction of the trades so that the EA will trade in the opposite direction.

How to personalise the EA for your personal Forex trading account

Many Forex traders buy an off-the-shelf Expert Advisor and automatically assume that it will work for their Broker, their type of broker account, any currency, any time-frame etc. Anybody who has purchased an Expert Advisor will tell you that they never experience the same results as advertised.

There are only 2 main adjustments:

  1. All back trading was done on a $10 000 using 0.1 lot sizings. If you are using smaller accounts you need to take this into account and also use the potential drawdowns you may encounter into account.
  2. All backtrading was done using GMT as the broker timeframe. If you have a broker with a different server time zone you need to adjust the time of day settings. This is quite easy.

Please watch the "How easy is it to start trading the Make Money EA" video (BELOW) to see how to make these adjustments.

What this personalisation does is that it turns the EA into a true SET and FORGET EA where the EA makes all the Entry and Exit decisions.

How easy is it to start trading the MakeMoney EA ??

Watch this video to see how you can easily download this EA and be trading in record time.

It shows how to download it immediately after your purchase and then load setting quickly and efficiently.

This means the EA can start looking for trades in as little as 20 minutes after your purchase

What support can I expect ??

Technical support

There is ongoing professional technical support available from EAFactory who are responsible for the technical aspects and support of this EA.

Forum

There is a Make Money Forum created in the Expert4x Forum to support traders who need trading assistance and would like to share their experiences with other traders.

On screen help

The Make Money EA has a revolutionary new, on screen, help facility whereby you can find a possible answer to your exact problem as it happens. This reduces the need for email support by up to 80%.

Settings

The best settings are updated regularly and published on the EAFactory website. The latest update is reflected above.

Welcoming process

When you purchase the EA you are redirected to a General Expert4x Welcoming webpage giving you guideline on getting the best out of your EA. Then there is the welcoming page specific to the MakeMoney EA that will help you get the best out of this EA. On this page is also a video that will show you the process of start trading in the quickest possible way by loading the EA and settings quickly. This has been designed for a TOTAL BEGINNER to follow.

See this quick start process using this link:- https://www.expert4x.com/makemoneyquickstart/

Welcoming Process

Tips on getting the best out of the Make Money Expert Advisor

 

1. Do not trade on a live account until you have experienced positive results on a demo account over a 2 to 4-week period (Don’t be in a hurry).

2. Use position sizing of 0.01 for every currency for every $1 000 in your demo account.

3. Test as many currencies and timeframes as your computer resources allow.

4. Know the function of each setting as described in the user manual.

5. Study this marketing page and watch all the videos provided.

6. Learn how to download testing set files (Video on this page).

7. Learn how to calibrate and optimise the EA for your broker account (Video on this page)

8. Make sure you know the basics of Forex trading by doing the free courses on this page.

9. Do not trade on a live account until you have experienced positive results on a demo account over a 2 to 4-week period (Don’t be in a hurry).

These  videos may show details of another Forex Robot but the process used applies to all Expert4x EAs

Learn How to Load your EA

How to Load Set Files

Limited Capital ?

Learn how you can trade with limited funds using 1c accounts.
These accounts treat cents as dollars.
$100 become a $10 000 account.
This allows you to trade all Forex robots with relatively small amounts capital.
Open 1c Account here: 1c Accounts

Purchase the MakeMoney EA HERE !!

When you purchase this Trading Tool, the items below become freely downloadable as FREE Bonuses from the product download EAFactory website. Click on the button to see more details >>

Note to US Traders using US Brokers: Our Robots do not work on US Broker accounts due to hedging and FIFO restrictions. Most US robot traders use off shore broker accounts.
We are currently running a special promotion where you can buy most of our trading Expert Advisors for 78% discount.

Click here >> 78% off <<

Each purchase comes with 2 licences for use on any 2 computers of your choice. You can use the EA as often as you like on those 2 computers. More licences are available on request. ***

Also please note that all future upgrades are FREE

IMPORTANT: Before you purchase, please read our "Sales Agreement" and "Risk Disclaimer" at the bottom of the page. By Clicking on any of the PayPal Buttons, you are agreeing to the "Sales Agreement".

GET 50% off:

Existing owners of any EA can purchase the EA from the EAFactory website at 50% discount (USD $300). Use http://my.eafactory.com/expert4x to access your membership page

We also accept Bitcoin. Crypto prices are the same as PayPal and not further discounted. Please contact us if this is your only method of payment.

Please note that these purchases are manually processed and can take up to 24 hours to deliver depending on time-zones.

USD $600





Existing Clients Click here for 50% Discount: EAFactory

After your purchase remember to visit the EAFactory product page for information about how to get the very best of out of the Make Money EA . The latest setfiles are also available on this page
Note to US Traders using US Brokers: Our Robots do not work on US Broker accounts due to hedging and FIFO restrictions. Most US robot traders use off shore broker accounts.

BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat into the future. Past performance shown on this page and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods.  Because of this we recommend that you test the EA on your own broker account using many variations of currencies, time frames and settings to make sure you experience favourable results in current market conditions before trading live accounts. 0.01 lots per $1000 in your account is recommended every time this EA is used.

***REMINDER***

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The Make Money EA is also available in our highly discounted bundles

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Our 3 EA bundle (Dream Machine, Grid Trend Multiplier and Make Money EA)   60% OFF

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The MT5 Bundle of 6 EAs 70% OFF (5 free bonuses)

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    • q-iconWhat is the relationship between the Grid Trend Multiplier EA and the Make Money EA

      The Make Money EA was designed by Expert4x together with the Winner of the GTM trading competition. The Make Money EA is unique and uses entering on the close of candles in a trend to create the multiplier effect whereas the Grid Trend Multiplier uses a grid approach.  It is not an upgrade of the GTM and does not resemble the GTM. The GTM is a trading tool for more experienced traders where the trader determines entries whereas the Make Money EA is a set and forget EA that makes trading decisions for the trader. Stops and targets are more flexible with the Make Money EA.

    • q-iconIf the Winner used the GTM EA, why the new Make Money EA?

      The winners success was not only based on the GTM EA. His success was actually based on increased lots sizing in trends and filtering times to be in the market or not. Stops and targets are determined in other ways by the Make Money EA. The new EA has many more features for continuous trading built in. This EA actually determines the entry and exit points for the trader on a continuous set and forget basis. It will stop opening deals if market conditions are not good.

    • q-iconMy experience is that EAs can't adapt to changing market conditions. Am I wrong with this?

      Yes, you are right. In general EAs can’t adapt. This EA however only opens trades in trending markets. All Moving Averages have to point in the same direction and the ADX indicator must be at trending levels. These filters are essential to the success of this great EA.

    • q-iconAre Set files provided for the settings to be used?

      We do provide set files. We do also provide the test setfiles clients can use for the back traded results which traders can copy and create their own set files. These settings worked well in the past and, as always, nobody can guarantee that they will work into the future. The default setting are not usable as they do not take the timeframe, currency and broker account the trader might use into account. You do however need to personalise settings provided to your own broker and broker account anyway. That is the best way of aligning your broker account with the EA. See the video provided in the marketing material.

    • q-iconDoes the Make Money EA use the multiplier concept?

      Yes it does use the multiplier concept. It opens deals in the direction of the trend at the close of each candle rather than at each grid level. Many traders find that a better approach as targets and stops can be set to improve gains rather than cashing in at each grid level which some find limiting.

    • q-iconHow well does this EA work US restrictions with hedging, FIFO and leverage rules

      This EA is not favourable for US brokers. Hedging and non FIFO trading can take place. Having said that a very high percentage of the owners of this EA are from the US and have not experienced problems. That is because US brokers have found ways around hedging and FIFO rules for retail clients. So if you are from the US there is a slight risk that the EA will not work with your specific US broker. In this case we will refund your purchase or exchange it for a more suitable US friendly EA like the RSI Envelope Trader EA.

    • q-iconWhat approximate account and position sizing will be required?

      Most of the testing uses $10 000 account with 0.1 ($1 a pip) lot sizing for every currency tested. So a $ 1 000 with 0.01 (10c a pip) lot sizing should provide the same return on investment. This is a rough but reasonable guide.

      The account size required when trading live requires more analysis based on factors such as –

      • The drawdowns you anticipate,
      • what type of account you intend using,
      • the minimum lot size allowed by your broker,
      • how many deals you allow the EA to open,
      • the margin requirements of your broker,
      • the number of currencies you are going to trade,

      Please study the tested setting results to get an idea of how the tested account sizes used relate to the account and approach you intend using