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Coin Flip Metatrader 4 Forex Robot

The Coin Flip Metatrader 4 Forex Robot is an algorithmic trader that does not employ any custom indicator to trigger entry/exit of market positions.

Instead, the Coin Flip forex robot deploys a set of logic that allows it open orders pseudo-randomly.

Howbeit, the expert advisor is also known to have a virtual trailing stop.

What’s more, the EA increases its lot size (via the use of the martingale system) of the positions it initiates after a loss using the specified parameters.

This iteration is adapted for quotes that carry 4-5 digits.

Deals are triggered on the Coin Flip forex robot using the Market Execution mode.

Free Download

Download the “coin_flip.mq4” MT4 robot

Strategy Tester Report

Find below the Coin Flip forex robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.

Overall Performance

The EA made a total profit of $122.25 from a total of 113 trades. The largest winning trade generated $24.83 in profits, while the largest losing trade generated a loss of-$18.97.


Bars in test: 1124 ticks modelled

Initial deposit: $1000.00

Total net profit: $122.25

Total trades: 113

Largest profit trade: $24.83

Largest loss trade: -$18.97

Consecutive wins: 3

Consecutive losses: 2


Download the “coin_flip.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Risk, Lot, Martingale, MaxLot, TakeProfit, StopLoss, MaxAttempts, Pause, Slippage, TrailingStart, TrailingStop, Magic, Com, DrawInfo, Languages, TextColor

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Martingale


Copy and paste the coin_flip.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)