Snow Eagle EA MT4

Mean reversion across four forex pairs

Snow Eagle EA MT4 is Gianluca Guarino’s mean-reversion grid robot for AUDCAD, NZDCAD, EURGBP and EURCHF. It runs from an M15 chart and combines automatic entries with fixed-lot or balance-based sizing. A maximum-symbol limit, spread check and percentage drawdown exit give the trader controls over how the portfolio operates.

• Four supported forex pairs: AUDCAD, NZDCAD, EURGBP and EURCHF, with configurable broker suffixes.
• Lot calculation: fixed lots or automatic balance sizing through the listed Low, Mid, High and Very High risk modes.
• Portfolio limits: choose the number of symbols that may trade simultaneously and whether opposite directions may be open.
• Grid controls: permit or block new grids while existing grids continue to be managed.
• Drawdown boundary: set the percentage loss threshold at which the EA closes its trades.

How to understand the grid approach

Mean reversion seeks a return after an extended market move. Snow Eagle’s grid inputs mean the strategy can manage a series of positions, so an adverse sequence should be assessed through combined exposure and open equity. Several small closed profits can coexist with a sizeable floating loss.

The public description does not give a complete entry formula, grid interval, maximum order count or a precise lot progression. Those details should be inspected in the supplied inputs and a broker-matched demo run. We do not assume that the mechanics are identical to Snow Eagle X, which explicitly describes increasing-lot grids.

AUDCAD and NZDCAD share CAD exposure; EURGBP and EURCHF share EUR exposure. Using more pairs can spread the entry schedule, but shared currencies can also produce simultaneous losses. Max Symbol at a time is therefore a relevant portfolio restriction rather than evidence of automatic diversification.

Published setup and account guidance

Platform and chart

MetaTrader 4; attach to one supported currency pair on M15.

Markets

AUDCAD, NZDCAD, EURGBP and EURCHF. Match the configured names and broker suffixes.

Starting balance

The developer recommends at least 1,000 USD. Suitable exposure depends on sizing, margin and active symbols.

Lot modes

Fixed Lot Value or automatic balance-based risk presets. Check the resulting order size rather than relying on the preset name.

Broker conditions

An ECN account is preferred. Spreads, commissions, swaps and slippage still affect the outcome.

The developer’s statement that spread and slippage do not affect the system is not independently established. Every fill has a cost and an execution price. Wide spreads and overnight carrying costs can change how much of a retracement is needed to close a grid.

Controls to test before enabling entries

Allow New Grid stops fresh grids but does not close ones already running. Allow Edging is the source’s input label for permitting trades in both directions. Neither is a close-all command. Test changes with open demo positions so the behaviour is clear before using them on a funded account.

Max Drawdown % defines the loss threshold for closing trades, but execution still depends on the terminal receiving prices and being able to trade. Gaps, slippage and interruptions can cause a realised loss beyond the threshold. Establish whether trading restarts after a drawdown exit and confirm that the chosen risk mode and symbol limit remain appropriate.

Original developer images and account evidence

Use the images’ visible settings and dates when assessing them. These tests end in 2023 and do not show a complete current preset or independent reproduction. A historical result is not a forecast, and a balance curve does not reveal all open losses. A former GBPCAD test is omitted because that pair is not in the current supported-pair list. The public listing does not provide a linked user manual; do not infer undocumented grid rules from the charts.

Developer-linked public account

The Snow Eagle public account is an MT4 account labelled real by MQL5. Public monitoring started on 26 August 2024. At the 10 October 2026 capture it showed 121 weeks of account history, 1,765 trades, 35.48% growth and a 1.29 profit factor. Relative drawdown was 12.31% by balance and 11.40% by equity; maximum deposit load was 18.23%.

Balance was 13,548.37 USD while equity was 12,944.84 USD, a 603.53 USD floating loss. The monthly table includes −7.89% in January and −7.59% in July 2026. MQL5’s warning history also records concentrated growth, with 80% of growth attributed to 30 days in its July 2026 calculation. This is not an evenly growing record or a drawdown guarantee.

The MQL5 product review tab showed no customer reviews when checked on 10 October 2026. We therefore present no purchaser-comment capture or imported rating. Trading forex can result in the loss of the account.

Other approaches from Gianluca Guarino

Snow Eagle X MT4 focuses on AUDCAD and NZDCAD and documents increasing-lot baskets. Eagle MG MT4 supports AUDCAD, NZDCAD and GBPNZD with a different grid design. The gold-focused Gold Daily Eagle MT4 uses breakout logic with per-trade stops. These are separate products with different exposure patterns and settings.

Developer sources checked 10 October 2026: MQL5 MT4 listing. Product features and original tests are attributed to Gianluca Guarino.

Free lifetime updates

Standalone delivery with access to your order’s delivery instructions after payment. The instructions explain the delivery and setup steps; DeliveryInformation.txt is an instructions document, not the trading executable. Free lifetime updates and email support are included.