About the Aroon Expert Advisor
The Aroon EA Metatrader 4 Forex Robot is a very simple automated trading software that trades based on the Aroon technical indicator.
The robot is designed to first spot the strength of a trend based on the Aroon indicator logic and then calculate the data into an oscillator that triggers buy and sell entries during an up and down trending market, respectively.
The default optimization parameters and filters that come with the Aroon expert advisor can be tweaked, but I find the basic logic to be quite good.
Interestingly, the Aroon EA also uses a WPR oscillator to obtain good entry and exit price levels.
The Aroon EA works best on the 15-minute time frame or higher.
Attach the EA to low spread forex pairs for the best performance.
Free Download
Download the “AroonEA.mq4” MT4 robot
Key Features
Automated Trend Identification
The EA automatically identifies strong trends using the Aroon indicator, eliminating the need for manual analysis.
Customizable Parameters
Offers adjustable settings for Aroon period, thresholds, stop loss, take profit, and lot size to suit individual trading preferences.
Real-Time Trade Execution
Executes trades in real-time when the Aroon indicator signals a strong trend, ensuring timely entries and exits.
Multi-Timeframe Compatibility
Compatible with various timeframes, allowing traders to apply the EA across different trading strategies.
Risk Management Features
Includes built-in risk management features such as adjustable stop loss and take profit levels to help manage potential losses.
Strategy Tester Report
Find below the Aroon EA forex robot strategy tester report for the AUD/USD forex pair on the 15-minute chart.
Key Performance
The EA made a total profit of $1962.37 from a total of 785 trades.
The largest winning trade generated $83.90 in profits, while the largest losing trade generated a loss of $174.24.
Statistics:
Bars in test: 149567 ticks modelled
Initial deposit: $10000.00
Total net profit: $1962.37
Total trades: 785
Largest profit trade: $83.90
Largest loss trade: -$174.24
Consecutive wins: 3
Consecutive losses: 1
How the EA Works
- Monitors the Aroon Up and Aroon Down lines for trend strength.
- Generates buy signals when Aroon Up is above the upper threshold and Aroon Down is below the lower threshold.
- Generates sell signals when Aroon Down is above the upper threshold and Aroon Up is below the lower threshold.
- Executes trades automatically when conditions are met.
- Manages open trades with user-defined risk parameters.
Download Now
Download the “AroonEA.ex4” Metatrader 4 robot
Parameters & Settings
- Aroon_Period — period for the Aroon indicator.
- Aroon_Up_Threshold — upper threshold for Aroon Up line.
- Aroon_Down_Threshold — lower threshold for Aroon Down line.
- StopLoss — stop loss level in pips.
- TakeProfit — take profit level in pips.
- LotSize — trade lot size.
- Risk_Percent — percentage of account balance risked per trade.
- MagicNumber — unique identifier for trades placed by this EA.
Recommended Trading Setup
- Pairs: EUR/USD, GBP/USD, USD/JPY for liquidity and low spreads.
- Timeframes: H1 and H4 for optimal trend identification.
- Broker: ECN or low-spread broker recommended for accuracy.
- Account Type: Standard or ECN with fast execution.
- Risk Management: 1–2% per trade for account stability.
FAQ
Can this EA be used on all currency pairs?
Yes, it is compatible with major, minor, and exotic currency pairs, but performance is best on major pairs.
How do I install the EA?
Copy the .ex4 file into the MT4 Experts folder, restart MT4, and attach it to your chart.
Is it suitable for beginners?
Yes, but beginners should use a demo account first to familiarize themselves with the settings.
Does it work on all timeframes?
Yes, but H1 and H4 provide the most reliable performance.
Can I adjust risk/reward settings?
Absolutely. The EA allows full customization of stop loss, take profit, and risk per trade.
Summary
The Aroon EA MT4 Forex Robot is a disciplined automated trading solution that optimizes every trade according to predefined risk and reward parameters.
It combines automated execution, adaptive trade management, and multi-pair compatibility to help traders maintain consistency.
By adjusting the EA’s inputs to match account size and market conditions, traders can achieve steady performance while controlling risk.
Download the free version today, test it on a demo account, and implement it in your trading strategy to capture profitable opportunities efficiently.
