Description

SSIBS EA: A Practical Guide for Everyday Traders

SSIBS EA – Everything You Need to Know About the Smart, No-Grid Expert Advisor

Table of Contents

1. Introduction SSIBS EA
2. What Is SSIBS EA?
3. Key Features at a Glance
4. How SSIBS EA Handles Position Sizing
5. Risk Controls Built Into the EA
6. Account Requirements and Best Environment
7. Supported Symbols and Timeframes
8. Step-by-Step Installation in MT4
9. Recommended Settings Explained
10. Back-Testing and Forward-Testing Results
11. Tips for Day-to-Day Use
12. Troubleshooting Guide
13. Frequently Asked Questions (FAQ)
14. Conclusion

1. Introduction

You have probably seen the term SSIBS EA in trading forums, in Telegram groups, or maybe in a friend’s MetaTrader 4 (MT4) terminal. The acronym stands for Smart Simple Intelligent Breakout System Expert Advisor. In plain language, it is a set-and-forget robot that tries to capture small yet steady moves on AUDUSD and other forex pairs.

Right from the first version, SSIBS EA included basic risk tools such as fixed lots, auto lots, stop loss, take profit, and even trailing stop. These are not fancy extras—they are the nuts and bolts that keep an automated strategy from turning into a disaster.

In this guide we break down every part of SSIBS EA in everyday terms so you can decide whether the EA is a good fit for your $100 account or a larger portfolio.

2. What Is SSIBS EA?

SSIBS EA is an automated trading program built for MT4. Once attached to a chart, it watches price action on the M15 timeframe and sends orders based on a breakout logic. There is no grid or hedge strategy inside; each trade is handled independently. If the conditions line up, the EA enters a position with a preset stop loss, take profit, and trailing stop.

Key goals of SSIBS EA

• Keep trading simple (no multi-layer grids, no averaging down).
• Limit risk by sticking to one direction per trade.
• Run on almost any broker, so long as leverage is 1:100 or more.
• Require only a minimum $100 deposit, making it accessible to beginners.

3. Key Features at a Glance

4. How SSIBS EA Handles Position Sizing

Position sizing is often where new traders get it wrong. SSIBS EA offers two clear methods:

4.1 Fixed Lots

• You set a constant lot value (e.g., 0.01 or 0.05).
• Every trade uses that size, no matter if the balance rises or falls.
• Good for people who want predictable exposure.

4.2 Auto Lots

When Auto lots is turned on, the EA checks your balance at every new trade and recalculates the position. Typical formula:

Lots = (Account Balance × Risk_Percent) / 10,000

If you choose Risk_Percent = 1% and you have $500, the lot size becomes 0.05.

Important note: Auto lots is handy but can grow your position fast. Keep an eye on your risk percent and your actual leverage.

5. Risk Controls Built Into the EA

5.1 Stop Loss

A stop loss is placed as soon as the order hits the market. The default 20-pip stop can be tuned in the input panel.

5.2 Take Profit

SSIBS EA is designed for short bursts. A take-profit target of 20-25 pips is typical.

5.3 Trailing Stop

Once the trade is 8–10 pips in profit, the trailing stop activates. From there, each pip of gain moves the stop one pip closer, never further away.

5.4 Time Filters

• Time to Start / Stop: You can limit trading to active sessions (for AUDUSD that is generally the Asian and early London overlap).
• News Time Off: When MT4’s news feed marks a “High Impact” item on AUD or USD, SSIBS EA steps aside 15 minutes before and after.

These filters help avoid sudden, unpredictable moves that even a tight stop loss cannot catch.

6. Account Requirements and Best Environment

Here is the setup the code was tuned for:

• Capital: $100 or more.
• Leverage: 1:100 or higher.
• Account Type: Cent, Standard, or ECN (zero-spread if possible).
• Execution: Market execution preferred, with average slippage under 2 pips.
• Platform: MetaTrader 4 build 1350+
• VPS (optional but recommended): Ping under 20 ms to the broker.

7. Supported Symbols and Timeframes

SSIBS EA is tuned for:

• AUDUSD M15 – Core pair, best spread, reliable patterns.
• Other Majors – EURUSD, GBPUSD, USDJPY also acceptable but may need a separate set file.
• Timeframe – Keep it on M15 only. Putting the EA on M5 or H1 changes risk profiles and invalidates the default stops.

8. Step-by-Step Installation in MT4

1. Download the SSIBS_EA.ex4 file.
2. In MT4, go to File → Open Data Folder.
3. Navigate to MQL4 → Experts and paste the file.
4. Restart MT4 or press Ctrl+R to refresh the Navigator.
5. Drag SSIBS EA onto an AUDUSD, M15 chart.
6. Enable Allow live trading.
7. Adjust the inputs:
   • FixedLots = 0.01
   • UseAutoLots = true / false
   • RiskPercent = 1.0
   • StopLoss = 20
   • TakeProfit = 25
   • TrailingStart = 8
   • TrailingStep = 1
   • Trading hours: StartHour = 1, StopHour = 22
8. Click OK. The smiling face in the top-right corner means the EA is active.

(If you choose to run the EA on a VPS, repeat the same steps inside the remote MT4 installation.)

9. Recommended Settings Explained

Below is a deeper look at the inputs you will see when editing the EA:

10. Back-Testing and Forward-Testing Results

Data source: Tick Data Suite (2015–2023), ICMarkets raw spread, 1:500 leverage.

10.1 AUDUSD M15

*January–September.

Overall, the EA posted an annual average of 40% net profit with ~7% drawdown. These figures assume 1% risk per trade and auto lots turned on.

10.2 Forward Test (Live Cent Account, Jan–Jun 2023)

11. Tips for Day-to-Day Use

1. Monitor Spread – During rollover (23:59–00:05 server time) spreads can widen sharply. Disable trading or set higher stop losses in those minutes.
2. Keep the Terminal Running – Missed ticks can throw off entry logic. A cheap VPS solves this.
3. Cap the Daily Loss – If you see two stop-outs in a row, consider pausing for the rest of the day.
4. Avoid Over-Optimizing – Stick to the standard M15 settings and do not force the EA onto exotic pairs.
5. Review News Filters – Big macro events like FOMC or RBA rates make AUDUSD jump. Make sure PauseOnNews is on.
6. Check Broker Time Zone – Server time may differ from your chart time. Align start/stop hours accordingly.
7. Withdraw Profits – On a $100 starting balance, take out part of the gains once you double the account.

12. Troubleshooting Guide

13. Frequently Asked Questions (FAQ)

Q1. Can I run SSIBS EA on a $50 account?Technically yes on a Cent account, but the developer tested on $100. A smaller balance means you cannot afford many stop-outs in a row.

Q2. Does the EA work on Mac?Only if you run MT4 under Wine or use a Windows VPS.

Q3. How many pairs can I trade at once?The EA code supports multiple charts, but stick to one pair until you build confidence.

Q4. Is it FIFO compliant?Yes, one trade at a time per symbol, so it fits NFA FIFO rules.

Q5. Is there a refund policy?If you bought from the MQL5 market, standard MQL5 rules apply.

14. Conclusion

SSIBS EA packs a clear rule set—no grid, no hedge, and a strict set of risk controls like stop loss, take profit, and trailing stop. With just $100 and 1:100 leverage, a trader can let the EA handle short-term moves on AUDUSD M15 while focusing on higher-level tasks such as research and journaling.

If you decide to test SSIBS EA:

• Start on a demo or cent account.
• Keep fixed lots small or use auto lots with 1% risk.
• Let the money management features do their job—do not turn them off.

Have you tried SSIBS EA or another no-grid expert advisor? Share your thoughts in the comments below. If you found this guide useful, feel free to bookmark it or send it to a fellow trader.

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