Expert Advisor for MetaTrader 4 | 4.5/5 Rating
Black Wolf MT4 is a trend-following Expert Advisor for MetaTrader 4. It opens buy or sell cycles from a built-in indicator on the Trend Follow strategy, with multi-pair support and prop-style XAUUSD and US100 presets in the Pro Forex Tools package. Work through the analysis below to judge if Black Wolf MT4 fits your broker, M15 workflow, and risk settings before you buy on MQL5 or download presets.
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Verdict: A balanced automated MT4 EA with solid AI subscores across performance and usability. Review risk settings and pair selection carefully before live deployment.
Based on our comprehensive analysis of Black Wolf MT4, here's what our AI system found and what it means for you:
What this means: The EA shows good accuracy in trade execution. At 82%, it's above the 80% threshold we consider good, indicating reliable trade selection. This suggests the EA has a solid foundation for consistent performance in trend-following strategies.
What this means: With a profitability score of 7/10, this EA shows good profit potential. While not exceptional, it indicates the EA can generate reasonable returns. The moderate profitability is balanced by its affordable $30 price tag, making it accessible for budget-conscious traders.
What this means: Good speed rating indicates efficient execution, which is important for trend-following strategies. The 8/10 score suggests the EA can respond adequately to market changes and execute trades effectively across multiple currency pairs.
What this means: Good reliability score suggests the EA is stable and consistent. The 4.5/5 MQL5 rating supports this assessment, indicating a reasonably well-tested product. The multi-currency approach adds diversification benefits.
Our AI analysis recommends Black Wolf MT4 for budget-conscious traders. With good accuracy (82%), reasonable profitability (7/10), and good reliability (8/10), this EA offers decent value for its $30 price point. The multi-currency approach provides diversification benefits.
Best suited for: Traders looking for an affordable trend-following EA that can trade multiple currency pairs. The low price point makes it accessible for beginners or those with limited budgets who want to start with automated trading.
Consider this EA if: You're looking for a budget-friendly option, want multi-currency trading capabilities, and are willing to accept moderate performance for the affordable price. The included prop-style XAUUSD and US100 presets add flexibility beyond the default forex pair list.
Based on our analysis, this trend-following Expert Advisor is available for download on the official MQL5 marketplace. Includes comprehensive settings, multi-pair support, and trend-following strategy.
Based on our analysis, the Black Wolf MT4 initiates buy or sell cycles depending on the trend of a built-in indicator, following the "Trend Follow" strategy. This approach ensures the EA works according to market trends, making it suitable for various market conditions.
Our review confirms this EA supports multiple currency pairs including EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD, and CADJPY. This versatility allows traders to diversify their trading portfolio and take advantage of different market opportunities.
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Based on our analysis, the Black Wolf MT4 is specifically designed for trend-following strategy using built-in indicator signals. It initiates buy or sell cycles based on market trends, making it suitable for various market conditions and multiple currency pairs.
According to the developer, the EA supports EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD, and CADJPY. This multi-pair support allows traders to diversify their trading portfolio and take advantage of different market opportunities.
Based on the developer specifications, you need a minimum deposit of $1,000 USD, MetaTrader 4 platform, M15 timeframe, and default settings are recommended. The EA operates on the "Trend Follow" strategy with customizable parameters.
Yes. The Pro Forex Tools download includes preset files for XAUUSD and US100 on M15, alongside the core trend-following logic. You can still run the EA on other pairs supported by your broker with your own settings.
Black Wolf MT4 is listed on the official MQL5 marketplace at $30 USD (version 2.13 as of December 2024). Use the purchase links on this page to open the developer listing directly.