Index Lord MT4 v1.0 vs SetFiles (Unlimited)

What is Index Lord MT4?

Index Lord MT4 is a fast-paced scalping  Expert Advisor EA built for major indices with high liquidity and low spreads. It uses key indicators and multi-chart analysis to catch strong, high-volume moves, focusing only on the European and US sessions. All trades close before the US market ends to avoid overnight risks. Designed for frequent action, it averages 5+ trades a day with strict risk control.

Version: New Version
The Right Platform: Meta Trader 4 (MT4)
Our Telegram Team: Join now
Our Youtube Channel: Click here

About the Author

Created by Gregory Hay, a developer with over 9 years of MQL5 experience, this author is behind well-known products like IndexLord MT4, Gold Energy MT5, GoldExcel MT5, Gold Excel EA MT4, and more. Among these, IndexLord MT4 stands out as his top-performing EA.

Key Features

• Index Scalping: Targets major indices like NASDAQ100, US30 (DOW), and SP500 to take advantage of high liquidity and tight spreads.

• High Trade Frequency: Averages 5+ trades per day, with more activity in volatile markets and fewer trades in quieter conditions.

• Session Focus: Trades only during the European and US sessions to capture peak liquidity and volatility.

• Daily Trade Closure: All positions close before 9 PM UK time, avoiding rollovers, overnight exposure, and weekend gap risks.

• Multi-Chart Analysis: Monitors NASDAQ, DOW, and SP500 across five charts for a complete market view.

• Short Timeframes: Works on 1–5 minute charts for quick scalping opportunities.

• Momentum Entries: Enters trades on strong, high-volume momentum moves.

Index Lord MT4 Review

IndexLord EA is an automated trading system built for strong, consistent profits. The verified results above showcase its impressive performance over 38 weeks of live trading.

✅ Initial Deposit: €5,000
✅ Growth Since 2023: +1,153%
✅ Maximum Drawdown: 19.2%
✅ Win Rate (Profit Trades): 91.5%

Index Lord MT4 Setting

IndexLord MT4 EA – User Guide

1. Installing the EA

1. Open MetaTrader 4.

2. Go to File → Open Data Folder.

3. Navigate to MQL4 → Experts.

4. Copy the EA file into this folder.

5. Restart MetaTrader 4.

2. Applying the EA to a Chart

1. Open a chart for your preferred index (e.g., NASDAQ100, US30, SP500).

2. Drag IndexLord MT4 from the Navigator → Expert Advisors panel onto the chart.

3. In the settings window, adjust the inputs as needed.

4. Enable Allow DLL Imports and Allow Live Trading.

3. Key Input Settings

Time Settings

• Start time / End time – Trading window during the day (default: 16:35 – 22:00 UK time).

• Close all orders by time – If true, EA closes all positions at the set time.

• Time close all orders – Time to force-close trades before rollover (default: 22:55).

Candle Settings

• Candle Size, points – Minimum candle size to trigger trades.

• Close Price Size, points – Price movement threshold for trade confirmation.

Moving Average (MA) Settings

• Use MA Filter – Enable/disable MA filter for extra trend confirmation.

• Period / Shift / Method – Configure MA period, shift, and type (default: Simple).

• Apply to – Price type used for MA calculation (default: Close price).

Order Settings

• Lots open orders – Fixed lot size for trades.

• Increase Factor – Multiplier for position sizing after losses.

• Max Lot – Maximum allowable lot size.

• Stop Loss / Take Profit (points) – Sets SL and TP levels.

• Max open orders same time – Limits number of trades open at once (default: 1).

• Use Trailing Stop – Enables trailing stop feature.

• Trailing start / follow distance / step (points) – Adjust trailing stop behavior.

Other Settings

• Magic number orders – Unique identifier for trades placed by this EA.

• Order comment – Custom text tag for trade history.

4. Best Practices

• Run the EA on a 1-minute or 5-minute chart for optimal scalping performance.

• Use only on major indices like NASDAQ100, US30, and SP500.

• Match EA trading times with European and US sessions for high liquidity.

• Always test on a demo account before going live.

In the Downloads folder, there are:

1. Experts:

✅ IndexLordMT4 v1.0_fix.ex4

2. Presets:

✅ SP1.set
✅ NAS5.set
✅ NAS1.set
✅ DOW5.set
✅ DOW1.set

>>> Reviewed by Micheal Elliot

Conclusion

Index Lord MT4 is a precision-built EA for scalping top indices like NASDAQ100, US30 (DOW), and SP500. Created by expert developer Gregory Hay, it has delivered verified results with over +1,150% ROI and a 91.5% win rate in 38 weeks of live trading—showing both consistency and reliability. Focused on high-liquidity sessions, strict risk control, and closing all trades before rollover, it works to reduce risk while seizing the best market opportunities.