Aura White Edition EA Source Code MQ4 V2.4

Introducing Aura White Edition EA Source Code MQ4

Aura White Edition EA v2.4 stands out as a prop firm-focused automated trading solution that eliminates high-risk strategies like Martingale, Grid, and scalping while maintaining exceptional win rates. This MT4 expert advisor demonstrates a profit factor of 22.03 on GBPUSD with maximum drawdown below 2% in extensive 24-year backtests.

About the Aura White Edition EA Source Code MQ4’s Author

Stanislav Tomilov developed this EA with over 9 years of experience on the MQL5 platform. His focus centers on creating sustainable, low-risk automated trading systems specifically designed for prop firm challenges and capital preservation strategies.

Key Findings

• Overview: Fully automated MT4 expert advisor with built-in risk management, supporting EURUSD, GBPUSD, EURGBP, and USDCAD pairs through customizable lot sizing and trade timing controls

• Trading Strategy: Long-term rule-based system prioritizing capital protection through innovative algorithms that avoid dangerous money management techniques, though specific indicators and entry logic remain undisclosed creating a “black box” scenario

• Core Algorithm: Operates on predetermined risk-reward ratios with fixed stop loss and take profit levels, implementing trailing stops and breakeven functions while limiting concurrent positions to maintain controlled exposure

• Key Benefits: Eliminates emotional trading decisions and provides 24/7 automation, though users sacrifice transparency and manual intervention capabilities due to undisclosed trading logic

• Verified Performance: EURUSD 1999-2023 backtest shows 1,344 million% total return with 0.14% maximum drawdown and 28.62 profit factor, but these exceptional results may indicate over-optimization risks in live market conditions

• Primary Risks: Strategy heavily curve-fitted to historical data with unknown logic creates vulnerability to changing market conditions, while high MaxSpread setting (200 points) allows trading in poor liquidity situations

Recommendations for using Aura White Edition EA Source Code MQ4

• Trading Platform: MetaTrader 4 (MT4) exclusively – MT5 compatibility not available

• Pairs: EURUSD and GBPUSD recommended as primary pairs, EURGBP and USDCAD as secondary options – avoid untested exotic pairs that may not align with optimized parameters

• Supported Accounts: Standard and ECN accounts supported – verify broker execution speed and spread conditions match backtest environment

• Timeframe: Specific timeframe not disclosed in documentation – requires testing across multiple timeframes to determine optimal settings

• Trading Time: 24-hour operation capability with customizable start/stop hours – Friday close option available to avoid weekend gap risks

• Leverage: Conservative leverage recommended (1:100 or lower) given prop firm focus – higher leverage amplifies both potential profits and catastrophic loss risks

• Minimum Deposit: $500 minimum based on default settings – higher balance ($2000+) advisable for better risk distribution and drawdown absorption

Review of Aura White Edition EA Source Code MQ4

Aura White Edition EA delivers impressive backtest performance with minimal drawdown, specifically addressing prop firm requirements and emotional trading challenges. However, undisclosed strategy logic and statistically unusual results raise over-optimization concerns for live trading conditions.

Backtest Highlights:
• EURUSD 1999-2023: 134,427,502% total profit, 0.14% max drawdown, 28.62 profit factor

• GBPUSD 1999-2023: 44,304,870% total profit, 1.73% max drawdown, 22.03 profit factor

• EURUSD 2023: 446,033% profit on $100 deposit, 11.69% max drawdown, 260.72 profit factor

Note: Exceptional backtest results may not translate to live performance due to potential curve-fitting

Is Aura White Edition EA Source Code MQ4 the Right Choice For You?

• Prop Firm Candidates: Designed specifically for FTMO-style challenges with ultra-low drawdown requirements, though success depends on EA performing similarly in live conditions after potential over-optimization

• Risk-Averse Traders: Eliminates dangerous strategies like Martingale while maintaining steady growth approach, but requires acceptance of “black box” trading without understanding entry/exit logic

• Automation Seekers: Provides complete hands-off trading with comprehensive risk management features, though lacks transparency for manual intervention during unusual market conditions

• Capital Preservation Focus: Emphasizes protecting investment over aggressive growth targeting consistent returns, but exceptional backtest metrics suggest unrealistic expectations may need adjustment

• Beginner-Friendly Setup: Easy installation with preset parameters optimized for major pairs, though parameter changes without understanding underlying strategy could significantly impact performance

Final Verdict

Aura White Edition EA offers compelling prop firm-ready automation with exceptional backtest metrics and comprehensive risk management, but “black box” strategy and statistically improbable results warrant cautious live testing. Best suited for conservative traders prioritizing capital preservation over transparency.

Aura White Edition EA Source Code MQ4 Download Contents:

• Link download experts:
  • Aura White Edition EA Source Code MQ4.ex4