Quiet Markets EA MT4 – Free Download

Quiet Markets EA: A Comprehensive Review 

In the dynamic world of forex trading, automated trading systems, or Expert Advisors (EAs), have gained significant popularity for their ability to operate without human intervention, thereby potentially increasing efficiency and profitability. One such system that has caught the attention of traders is the Quiet Markets EA. This article provides a detailed review of Quiet Markets EA, evaluating its features, performance, and potential advantages and disadvantages.

What is Quiet Markets EA?

Quiet Markets EA is a mean reversion trading system designed to operate during the quieter times of the forex market. Unlike trend-following strategies, mean reversion strategies capitalize on the idea that prices will revert to their average levels after deviating. This EA runs on nine currency pairs: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD, and USDCAD, and is optimized for the M5 (5-minute) timeframe.

Technical Specifications

Version: 3.8
Year of issue: 2024
Working pairs: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD.
Recommended timeframe: M5
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000

Best Brokers List

Quiet Markets EA 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

Quiet Markets EA Settings

Key Features of Quiet Markets EA

1. Mean Reversion Strategy

The core strategy of Quiet Markets EA revolves around mean reversion, which involves entering trades when prices are expected to revert to their mean. This approach is particularly effective during low-volatility periods, typically around the market rollover time.

2. Safety Measures

Quiet Markets EA incorporates several safety mechanisms to protect the trader's capital. It uses a fixed stop loss and take profit for each trade, along with multiple trailing stop techniques to lock in profits and minimize risks.

3. No Risky Techniques

Unlike some EAs that utilize grid or martingale strategies, Quiet Markets EA avoids these high-risk methods. This conservative approach aims to provide stable returns with minimal drawdown.

4. Fully Automated Trading

The EA operates autonomously, requiring no manual interventions. It includes internal filters to avoid trading during non-ideal market conditions, such as periods of high spreads or significant market events.

5. Easy Setup

Setting up Quiet Markets EA is straightforward. Traders simply need to run the EA on an M5 chart for each supported currency pair and configure their risk settings. The EA comes with internally stored settings for optimized pairs, eliminating the need for additional .set files.

6. Adjustable GMT Settings

To ensure accurate trading times, users may need to adjust the GMT offset settings based on their broker's time zone. The default settings are GMT offset winter = +2 and GMT offset summer = +3.

Performance Quiet Markets EA

Quiet Markets EA boasts a live track record of several months, demonstrating stable trading performance with low drawdown. This transparency allows potential users to evaluate the EA's effectiveness based on real-world results. Regular updates on live performance can be found on the EA's comments page.

Advantages of Quiet Markets EA

1. Stability and Low Risk

The EA's avoidance of risky techniques and its robust safety measures contribute to a stable trading environment. The use of trailing stop losses helps in capturing profits while limiting potential losses.

2. Autonomy and Convenience

Quiet Markets EA's fully automated nature allows traders to benefit from forex trading without the need for constant monitoring. This is especially advantageous for those who cannot dedicate significant time to trading activities.

3. Easy to Use

The straightforward setup process and the absence of complex configuration files make Quiet Markets EA accessible even to novice traders. The adjustable risk settings provide flexibility in managing trade sizes according to individual risk tolerance.

4. Optimized for Low-Volatility Periods

By focusing on trading during quiet market times, the EA aims to exploit mean reversion opportunities with reduced competition and slippage, potentially leading to better trade execution.

Disadvantages of Quiet Markets EA

1. Dependence on Broker Conditions

The EA's performance can be significantly affected by the choice of broker, particularly regarding spread and execution speed. It is recommended to use an ECN broker to ensure optimal conditions for the EA.

2. Limited Trading Opportunities

Since Quiet Markets EA trades only during low-volatility periods, the number of trading opportunities may be limited. This could result in lower overall trading frequency and potentially lower profits compared to more aggressive strategies.

3. Manual Intervention for Extreme Events

While the EA is designed to operate autonomously, it is advisable to turn off the system during extreme news events, such as major elections. This requirement for occasional manual intervention may not align with the fully automated nature some traders seek.

4. Potential for Time Zone Issues

Incorrect GMT offset settings can lead to trading at inappropriate times, potentially affecting performance. Traders need to ensure their GMT settings match their broker's time zone, which may require periodic adjustments.

Conclusion

Quiet Markets EA presents a compelling option for traders looking for a stable, low-risk automated trading system. Its mean reversion strategy, coupled with robust safety measures, makes it a reliable tool for trading during quiet market times. However, traders should be mindful of the EA's dependence on broker conditions and the occasional need for manual intervention during extreme events. With its ease of use and transparent performance record, Quiet Markets EA stands out as a noteworthy choice in the realm of forex trading automation.

Download Quiet Markets EA

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.