LunarEdge EA MT4 – Free Download

Introduction

In the highly competitive world of forex trading, automation tools like Expert Advisors (EAs) have become indispensable. Among these, LunarEdge EA stands out for its scalping strategy and unique utilization of Bollinger Bands to detect rapid trend shifts. Designed for the MetaTrader 4 (MT4) platform, this EA offers a high-frequency trading (HFT) model with configurable settings tailored for both counter-trend and trend-following approaches.

Technical Specifications

Version: 1
Year of issue: 2025
Working pairs: XAUUSD GOLD
Recommended timeframe: M15
Minimum Deposit: $3000
Average of account: 1:30 To 1:1000

Best Brokers List

LunarEdge EA System works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

LunarEdge EA Settings

What Is LunarEdge EA?

LunarEdge EA is a fully automated forex trading robot (Expert Advisor) designed to trade currency pairs, primarily on short timeframes (M5 and M15). It is optimized for scalping—quick trades aimed at capturing small price fluctuations—by leveraging the Bollinger Bands indicator to make calculated entry and exit decisions.

Key Features

⚙️ Bollinger Bands Strategy

LunarEdge EA implements a strategy built around the Bollinger Bands indicator. The EA initiates “Sell Above and Buy Below” positions relative to the bands, often against the trend, although it can also be configured to trade with the trend. This hybrid nature adds flexibility to the strategy.

⚡ High Frequency Trading

It executes trades at a high frequency, requiring a low-latency, stable VPS and a broker with tight spreads (recommended max spread: 5 pips as per user settings).

Configurable Risk & Money Management

• Lots: Fixed (e.g., 0.01 by default)

• Money Management: Optional with parameters like Risk Percent and Max Lot

• Martingale Support: Yes, the strategy incorporates a grid and martingale system to recover losses, increasing lot sizes during losing streaks.

Trading Filters

Users can customize:

• Trading Days (e.g., Monday to Friday)

• Trading Hours (server time-based, such as 00:00 to 09:00)

• Session Filters and timeframes to avoid high-volatility events or low liquidity periods.

Performance Insights from Backtest 

Backtest Report (Gold - XAUUSD, 2024-2025)

• Initial Deposit: $3000

• Net Profit: $1361.64

• Profit Factor: 2.40

• Drawdown: 23.78% relative, 24.61% absolute

• Total Trades: 1432

• Win Rate: ~81.84%

• Max Consecutive Wins: 38

• Max Consecutive Losses: 6

• Modeling Quality: 99.9% (every tick with all least timeframes)

✅ The backtest showcases strong profitability with a high win rate and solid profit factor, ideal for scalping setups.

Live Account Monitoring (EURUSD, April 2025)

• Balance: $9877.51

• Equity: $9680.29

• Drawdown: 2.00%

• Current Loss: ~$197

• Start Lot Size: 0.01

Although showing a small current drawdown, the live account data supports the claim that the EA can perform in real market conditions, albeit with short-term fluctuations.

Advantages of LunarEdge EA

✅ High Win Rate: Over 80% profitable trades in backtests
✅ Customizable Strategy: Can be adapted for different market conditions
✅ Scalping Efficiency: Captures micro-opportunities in short timeframes
✅ Robust Backtesting Performance: Demonstrates reliability in simulations
✅ Flexible Risk Settings: Offers control over risk exposure

Disadvantages and Considerations

⚠️ Martingale Risk: Increases lot size to recover losses—potential for rapid equity drain
⚠️ Requires Constant Monitoring: High-frequency nature needs stable VPS and quick execution
⚠️ Not Beginner-Friendly: Setup and optimization require trading knowledge
⚠️ Spread Sensitive: Performance heavily depends on broker conditions
⚠️ Limited Asset Scope: Though adaptable, it’s optimized for select pairs like XAUUSD and EURUSD

Conclusion

LunarEdge EA is a potent forex trading robot for experienced scalpers who understand risk and demand granular control. Its strength lies in its strategic use of Bollinger Bands and its ability to adapt between counter-trend and trend-following tactics. However, due to the use of martingale and grid trading, it’s essential to approach it with disciplined risk management and a well-funded account.

While not recommended for novice traders, LunarEdge EA can be a powerful tool in the hands of professionals or system developers looking for a customizable and data-driven EA.