Rule the Markets with Monarchal Algo EA for MT4 (Build 1420+)

What is Monarchal Algo EA?

Monarchal Algo EA is a trading tool designed for the MT4 platform. It has undergone thorough evaluations and has shown excellent long-term results, making it suitable for use on real accounts.

• Vendor site: https://monarchalsolutions.com/monarchal-algo/

Key characteristics

• The expert advisor effectively manages risk by ensuring stop-loss and take-profit orders are placed on each trade.
• Monarchal Algo EA features an easy-to-use interface that’s convenient for traders.
• Monarchal Algo EA analyzes trends to execute accurate and effective trades in line with the overall market trend.

Who Should Use Monarchal Algo EA?

Monarchal Algo EA is suitable for all professional and beginner traders as it improves their trading performance in the Forex market. Whether you are looking for an easy way to make profits in the Forex market or a trading method different from manual trading, the Expert can help you with that.

Advantages

Monarchal Algo EA has been tested before and has proven remarkably successful. It also features risk management for each trade that is appropriate to the account capital and The expert works 100% automatically, as there is no need for manual intervention.

Disadvantage

• One of the disadvantages is the total dependence on the market. The expert depends greatly on the conditions and movements of the market, and in cases of unexpected fluctuations, the results may be completely unpredictable. Also, the expert has been programmed in advance on certain conditions, so if these conditions are met, it will completely ignore important economic news and events.

Monarchal Algo EA MT4 Evaluation

Recommended Configurations

• Trading Platform : MT4
• Supported Currency Pairs : EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, and USDCAD.
• Minimum Investment : $500
• Indices : S&P 500, NASDAQ, Dow Jones, DAX 30, CAC 40.
• Commodities : Gold, Silver, Oil, Natural Gas.
• Equities : Amazon, Apple, Facebook, Google, Netflix.
• Digital Currencies : Bitcoin, Ethereum, Litecoin, Ripple.
• Setup Files : Available
• Product Category : NoDLL / Fix

What’s included in the package?

• Experts : Monarchal Algo EA v3.3_fix.ex4
• Presets : EURUSD_$500_M5.set
• Manual.pdf

How to install Monarchal Algo EA

1 – Download the Expert

Download the Expert file from the email sent to you

How to Extract a File from Winrar?

First, if you don’t have Winrar here is the download link, download and install

https://www.win-rar.com/download.html?&L=0

Right-click on the WinRAR file and select ‘Extract Here’ to extract the files in the current location. Alternatively, choose ‘Extract to’ if you want to extract the files into a specific folder.

2 – Add the Expert to the platform

• Open the trading platform and choose File –> Open data folder
• Then go to the MQL4 folder –> Experts

(if the expert works on MT5 then you will choose MQL5 instead)

• Put the Expert file in this folder
• restart the platform

3 – Run the Expert

• Choose the appropriate pair for the Expert and then drag the Expert from the navigator window and place it on the chart (or simply Double click on it)
• Make sure that auto trading is activated in the platform and the Expert as well

Conclusion

Monarchal Algo EA uses an effective strategy as it is keen to identify trends to execute trades with the general trend of the pair by managing risks appropriate to the account capital as it places stop loss and take profit orders appropriate to the account capital.