FX
Tools
AI
Pending Orders EA | 6.50/10 Rating | Intraday Trading from Trend Levels
Prado is a safe Expert Advisor designed specifically for USDJPY intraday trading from trend levels on the MetaTrader 4 platform. This EA trades pending orders with stop loss and take profit set immediately upon order placement. Starting from version 7.0, the EA features 4 trading strategies working simultaneously, providing a smoother profitability graph for any market behavior. The EA includes a multifunctional trailing stop and uses no grids, averaging, increasing order volume, or other dangerous trading methods.
Prado is optimized for USDJPY trading on H1 timeframe, requires minimum $500 deposit, and uses settings optimized for history since 2010. The EA works on accounts with spread of 0-3 pips to maximize profit. Use default settings without configuration - the EA is designed for beginners and experienced traders alike, suitable for long-term trading. Explore more AI-rated forex trading tools for your trading needs.
Based on our comprehensive analysis of Prado, here's what our AI system found and what it means for you:
What this means: The EA shows moderate accuracy at 72%, which is below the 80% threshold we consider good but acceptable for intraday trading strategies. This level suggests the pending orders approach on USDJPY H1 provides reasonable trade selection. The accuracy reflects the challenges of trend-level trading and the EA's conservative approach. For intraday trading from trend levels, 72% accuracy can still be viable with proper risk management.
What this means: With a profitability score of 6/10, this EA shows moderate profit potential. This score reflects the lower MQL5 rating (3.52/5) and indicates the EA may provide modest returns rather than exceptional profits. The 6/10 profitability suggests the EA works but may require patience for long-term results. The safe trading approach without dangerous methods may limit aggressive profit capture, which aligns with the conservative design.
What this means: Good speed rating of 7/10 indicates the EA executes trades efficiently for H1 timeframe trading. The pending orders approach means trades are placed in advance and executed when price reaches trend levels, which doesn't require ultra-fast execution. This speed is appropriate for intraday trading from trend levels where precision matters more than instant execution.
What this means: Moderate reliability score of 6/10 reflects the lower MQL5 reliability rating component of 2.0/5. While the EA has been in use for years (optimized since 2010) and reached version 7.0, the reliability concerns may stem from market condition dependency or the specific USDJPY trading approach. The 6/10 suggests the EA works but may require careful monitoring and proper broker selection (spread 0-3 pips) for optimal performance.
Our AI analysis suggests cautious consideration of Prado for USDJPY intraday trading. With moderate accuracy (72%), moderate profitability (6/10), and moderate reliability (6/10), this EA may work for patient traders seeking long-term USDJPY exposure. The safe trading approach without grids or averaging is positive, and the 4-strategy system provides diversification. However, the lower ratings and moderate scores indicate this EA may require careful account management and realistic profit expectations.
Best suited for: Traders seeking long-term USDJPY exposure with a safe, conservative approach. The EA's simplicity (default settings, no configuration) makes it accessible to beginners, but the moderate performance metrics suggest it's better suited for patient traders with realistic expectations rather than those seeking aggressive returns.
Consider this EA if: You want USDJPY intraday trading from trend levels, prefer safe trading without grids/averaging, have accounts with low spreads (0-3 pips), and can commit to long-term trading with moderate profit expectations. The ease of use (8/10) makes it beginner-friendly, but be aware of the moderate performance metrics.
Safe trading approach using pending orders with stop loss and take profit set immediately upon order placement. This method provides controlled entry points at trend levels for USDJPY trading on MT4 platform, ensuring risk is defined before trade execution.
Starting from version 7.0, the EA includes 4 trading strategies working simultaneously. This multi-strategy approach provides diversification and creates a smoother profitability graph for any market behavior, reducing dependency on single strategy performance.
Prado does not use grids, averaging, increasing order volume, or other dangerous trading methods. This conservative approach makes it suitable for long-term trading and risk-conscious traders seeking MT4 Expert Advisor solutions.
Advanced trailing stop feature that dynamically adjusts stop loss positions as trades move in favor, protecting profits while allowing room for trend continuation. This feature enhances risk management for intraday trading strategies.
Optimized specifically for USDJPY trading on H1 timeframe with settings fine-tuned for history since 2010. The single-pair focus allows for precise optimization and reliable performance on this major currency pair.
No configuration required - use default settings for optimal performance. Designed for both beginners and experienced traders, the EA works straight out of the box with minimum $500 deposit and accounts with spread 0-3 pips.
Prado uses a conservative trading approach with no grids, averaging, or increasing order volume. The EA trades pending orders with immediate stop loss and take profit settings, ensuring risk is controlled from the moment trades are placed. This safe methodology makes it suitable for long-term trading and risk-conscious traders.
Starting from version 7.0, Prado includes 4 trading strategies working simultaneously. This multi-strategy approach provides diversification across different market conditions, creating smoother profitability graphs. Our analysis confirms good customization rating of 6/10, with the 4-strategy system providing flexibility for various market behaviors.
The EA features an advanced multifunctional trailing stop that dynamically adjusts stop loss positions as trades move favorably. This feature protects profits while allowing room for trend continuation, enhancing risk management for intraday trading from trend levels on USDJPY.
Prado Configuration:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Prado is available for purchase on the official MQL5 marketplace for $500 USD. The EA is suitable for long-term USDJPY trading with safe trading approach using pending orders and trailing stop features.
Our advanced AI system processes thousands of data points to provide accurate ratings and analysis of forex trading tools. Unlike human analysis, our AI can:
Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.
Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
Discover more AI-analyzed forex tools and get unbiased ratings for your trading decisions.
🏠 Explore All AI-Rated Forex ToolsSome users report using older versions (like 4.10) for several years with good results, indicating the EA's effectiveness for long-term trading. Users appreciate the simple and well-executed approach.
Users value the EA's conservative approach without grids, averaging, or increasing order volume. The immediate stop loss and take profit settings provide clear risk management from the start of each trade.
Users appreciate the simplicity - no configuration needed, just use default settings. This makes Prado accessible to beginners while still being useful for experienced traders seeking long-term USDJPY exposure.
The MQL5 reliability rating component is 2.0/5, indicating some users have experienced reliability concerns. This may stem from market condition dependency or the specific USDJPY trading approach requiring careful broker selection (spread 0-3 pips).
The user support rating of 2.6/5 suggests limited developer support. Some users note concerns about description quality (2.4/5) and overall product documentation. This may require patience and self-reliance when using the EA.
The overall MQL5 rating of 3.52/5 reflects mixed user experiences. While some users find it effective for long-term trading, others have concerns. The EA is best suited for patient traders with realistic profit expectations, not quick profit seekers.
Fair Value Gap trading Expert Advisor for MT4 with safe trading approach and multiple currency pair support.
Scalping Expert Advisor for MT4 with pending orders approach and safe trading methodology.
Multi-pair trading Expert Advisor for MT4 with intraday trading strategies and trailing stop features.
Prado is priced at $500 USD on the official MQL5 marketplace. You can download and purchase it directly from the MQL5 market page. The EA is suitable for long-term USDJPY trading with safe trading approach using pending orders.
Prado uses a safe trading approach with pending orders and immediate stop loss/take profit settings. It features 4 trading strategies working simultaneously (from version 7.0) and does not use grids, averaging, or increasing order volume. The EA is optimized for USDJPY H1 timeframe with settings tuned for history since 2010.
After purchasing Prado from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder. Attach it to a USDJPY chart with H1 timeframe and use default settings - no configuration needed. The EA is optimized for accounts with spread 0-3 pips and requires minimum $500 deposit.
The developer recommends using default settings without modification, as these are optimized for history since 2010. Use H1 timeframe on USDJPY only, ensure accounts have spread 0-3 pips, and test/ trade with "all ticks" mode for optimal results.
Prado is designed for both beginners and experienced traders. The ease of use rating of 8/10 reflects its simple setup - just use default settings without configuration. However, the moderate performance metrics (6.50/10 overall) suggest it's better suited for patient traders with realistic profit expectations.
Prado is optimized specifically for USDJPY only. The EA should not be used on other currency pairs as it has been fine-tuned for USDJPY trading characteristics and performance on H1 timeframe from trend levels.
Prado has been optimized for history since 2010 and has reached version 7.0+. Starting from version 7.0, the EA includes 4 trading strategies working simultaneously. Some users report using older versions like 4.10 for several years with good results, indicating long-term development and refinement.