What is Larry Fx EA?
Larry FX EA is a fully automated trading robot that handles trade entry, management, and exit on its own. It uses a step-based ladder grid strategy with structured trade spacing to maintain balance and reduce unnecessary risk.
The EA focuses on steady, controlled account growth rather than aggressive trading. With built-in trailing protection and disciplined risk control, it helps protect the account during market fluctuations.
Larry FX EA has been tested on real trading accounts, showing consistent and reliable performance over time when used with proper settings.
Backtest Results (2015–2025)
Symbol: XAUUSD (Gold)
Timeframe: H1
Initial Deposit: $10,000
Overall Results
- Net Profit: $79,754.95
- Profit Factor: 1.51
- Expected Payoff: 2.82
- Total Trades Executed: 28,265
- Win Rate: 61.72% profitable trades
Risk & Drawdown Analysis
- Maximal Drawdown: 6.04% ($3,591.93)
- Relative Drawdown: 7.60%
Trade Quality Breakdown
- Largest Profit Trade: $2,356.35
- Largest Loss Trade: –$1,439.54
This backtest demonstrates strong long-term consistency, controlled drawdown, and a favorable risk-to-reward profile suitable for traders seeking stable performance in the gold market.
Key Features of Larry Fx EA
Tiered Grid System: Determines trade spacing based on key parameters like FirstStep, Step, and MinDistance for organized and consistent entries.
Controlled Averaging: Limits the number of trades in each grid sequence to keep risk under control.
Adaptive Lot Sizing: The K Lot feature allows flexible, gradual lot adjustments without relying on Martingale, giving full customization for safer trading.
Drawdown Protection: Automatically pauses trading if the account drawdown reaches a set threshold, safeguarding your capital.
Trailing Profit Lock: Activates after a defined profit level (like ten points or a custom value) to secure gains dynamically and reduce risk on winning trades.
Recommended Settings for Larry Fx EA
Platform: Designed to run on MetaTrader 4 (MT4) for seamless integration.
Time Frames: Optimized for multiple chart intervals, including M5, M15, M30, and H1.
Trading Pair: Specifically built for XAUUSD (Gold) trading.
Recommended Deposit: Minimum starting capital of $500 for stable performance.
Suggested Leverage: Works best with 1:100 leverage.
Account Compatibility: Fully compatible with any type of trading account.
Automation Level: 100% automated, handling all trades from entry to exit without manual intervention.
How Larry Fx EA Works (Strategy Breakdown)
Step-Based Grid & Averaging: Trades are placed in layers based on predefined price intervals (Step and MinDistance) to capture retracements effectively.
Calculated Trade Placement: New positions are added within these intervals, maintaining a structured approach while controlling risk exposure.
Controlled Trade Limits: The number of open trades is limited, and loss thresholds are set to prevent excessive drawdown.
TrailingStop & StopProfit: These features dynamically protect profits during grid cycles, locking in gains automatically.
Balanced Lot Sizing: Trades start with a fixed lot size and adjust gradually using K_Lot scaling, combining steady growth with capital protection.
Risk-Aware Strategy: Overall, the EA emphasizes disciplined trading, aiming for consistent returns while keeping account risk under control.
Risk Management (Very Important Section)
Counter-Trend Averaging: Utilizes a step-based grid approach to capture market pullbacks safely, allowing the EA to trade effectively even during volatile conditions.
Quick Profit Lock: Features a customizable StopProfit to secure small, frequent gains, reducing exposure to large market swings.
Progressive Lot Sizing: The K Lot system enables gradual increases in trade size, maintaining growth potential while avoiding excessive risk.
Fixed Trading Window: Operates only during specific high-liquidity hours, ensuring trades are executed when the market is most stable and reducing unnecessary risk.
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FAQ
Q1: What is Larry FX EA?
A: Larry FX EA is a fully automated Forex trading robot designed to trade XAUUSD (Gold). It handles all aspects of trading automatically, including entry, trade management, and exit, based on a step-based grid and averaging system.
Q2: How does Larry FX EA manage risk?
A: The EA uses multiple risk management techniques, including controlled trade limits, drawdown protection, trailing stops, and profit-locking features. It also operates within predefined trading hours to avoid volatile, low-liquidity periods.
Q3: What strategy does it use?
A: Larry FX EA relies on a step-based grid and averaging algorithm. Trades are layered based on price intervals to capture retracements, while lot sizing and order limits maintain a balanced risk approach.
Q4: Which platform is it compatible with?
A: The EA is designed for MetaTrader 4 (MT4) and works with any account type, making it flexible for all traders.
Q5: Which time frames are recommended?
A: It works best on M5, M15, M30, and H1 charts, providing options for both short-term and medium-term trading strategies.
Q6: What deposit and leverage are recommended?
A: A minimum deposit of $500 and a leverage of 1:100 are suggested to optimize performance while maintaining proper risk control.
Q7: Does it work with real trading accounts?
A: Yes, Larry FX EA has been tested and verified on live accounts, demonstrating consistent and reliable performance over time.
Q8: Is the EA beginner-friendly?
A: Absolutely. With ready-to-use SetFiles and fully automated trading, beginners can start trading without manual intervention, while experienced traders can customize parameters for advanced strategies.
Q9: How does it handle profits?
A: The EA includes trailing profit locks and fixed lot management to secure gains while minimizing exposure, ensuring steady and controlled account growth.
Q10: Can I adjust its settings?
A: Yes. Parameters like Step, MinDistance, K Lot, StopProfit, and trading windows are fully customizable, allowing traders to tailor the EA to their risk preferences.
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