Money Box Robot MT4 with Setfiles

Money Box Robot Introduction

Money Box Robot MT4 stands out as a swing trading EA that combines RSI momentum analysis with fixed price-level targeting for medium to long-term position management. Live trading results show gains of 81-88% with verified MyFxBook tracking, though accompanied by notable drawdowns of 24-64%.

Key Findings

• Overview: Fully automated swing trading system using dynamic money management with RSI-based entry signals and predetermined profit/loss targets

• Trading Strategy: Uses RSI (14-period) to identify momentum shifts and overbought/oversold conditions, executing trades with static Take Profit and Stop Loss price levels rather than percentage-based exits

• Core Logic: The EA waits for RSI signals indicating potential trend reversals, then opens positions targeting specific price levels (e.g., TP: 1788.0, SL: 1989.0), holding trades until these absolutes are reached

• Key Benefits: Eliminates emotional trading decisions through full automation, provides 24/7 market monitoring, and includes dynamic lot sizing based on account equity for consistent risk exposure

• Verified Performance: Live accounts show 81-88% gains over tracking periods with profit factors of 1.70-1.99, however maximum drawdowns reached 64-71% indicating high volatility risk

• Risk Consideration: The significant drawdown levels (up to 71.43% in live trading) contrast with marketing claims of moderate risk, requiring careful capital management and potentially higher account balances than minimum requirements

Money Box Robot Recommended Setup

• Trading Platform: MetaTrader 4 (MT4)

• Pairs: Optimized for XAUUSD (Gold) and EURUSD, though advertised as compatible with “Any Pairs” – exercise caution with untested instruments

• Supported Accounts: Demo accounts tested on RoboForex with ECN-style execution recommended for optimal performance

• Timeframe: H1 and H4 periods for swing trading approach, allowing positions to develop over extended periods

• Leverage: 1:500 used in live tests – higher leverage amplifies both profits and losses, requiring careful consideration of account size relative to position risk

• Minimum Deposit: $500-$2000 based on included preset files, though higher balances advisable given documented drawdown levels for better risk management

Quick-Start Parameter Guide

Risk Management
• MoneyM (0.05-0.1): Controls automatic lot sizing based on account balance – lower values reduce risk exposure
• Manual_Lot (0.0 default): Fixed lot size when MoneyM is disabled – use for precise risk control

Trade Entry
• rsi_period (14): RSI calculation period for momentum detection – standard setting proven effective
• X4 (47): Custom signal filter – specific to strategy optimization, avoid changing without testing

Profit Management
• TakeProfit (1788.0): Absolute price level for profit taking – adjust based on instrument and market conditions
• StopLoss (1989.0): Absolute price level for loss limitation – critical for capital protection

Technical Settings
• Broker_GMT (2): Server time offset – must match broker’s GMT setting
• MagicNumber (378995): Trade identification – change if running multiple EAs

Review of Money Box Robot

Money Box Robot delivers automated swing trading with verified live gains of 81-88%, but requires high risk tolerance due to documented drawdowns reaching 71%. Best suited for experienced traders who understand the trade-off between substantial profit potential and significant capital exposure periods.

Live Trading Snapshots:
• Account 1: +88.61% gain, 24.69% drawdown (MT5, RoboForex)

• Account 2: +81.13% gain, 64.37% drawdown (MT4, RoboForex)

• Backtest Results: 96.88% win rate, profit factors 5.17-130.76 (Control Points model – results cautionary)

• Advanced Stats: 2,725-6,294 trades, 32-36 minute average duration, Sharpe ratios 0.08-0.10

Is Money Box Robot the Right Choice For You?

• Proven Live Performance: Verified MyFxBook results demonstrate real profitability with 81-88% gains, though you must accept drawdown periods potentially exceeding 60% of account value

• Hands-Off Automation: Complete trading automation removes emotional decision-making and time requirements, but requires trust in the system during extended drawdown periods

• Dynamic Risk Management: Automatic lot sizing adjusts to account growth, though the fixed price-based exit strategy may not suit all market conditions or trading instruments

• Swing Trading Approach: Medium-term position holding differentiates from common scalping EAs, but extended trade duration increases exposure to overnight and weekend market gaps

• Professional Verification: MyFxBook tracking provides transparency unlike many unverified EAs, though the high drawdown levels may violate prop firm risk rules despite marketing claims

Final Verdict

Money Box Robot offers legitimate automated swing trading with verified live results, but demands high risk tolerance due to substantial drawdown potential. Ideal for experienced traders with adequate capital buffers; beginners should seek lower-risk alternatives.

Money Box Robot MT4 Download Contents:

• Link download experts:
  • Money Box Robot MT4.ex4
• Presets:
  • EURUSD_Mintest $500.set
  • EURUSD_Mintest $1000.set
  • EURUSD_Mintest $2000.set