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Resident: Automated MT4 trading expert delivering verified performance and risk controls

MT4expert

Discover Resident 2026 review with verified MT4 trading results, win rate estimates and drawdown data from live accounts. Learn actionable setup guidance.

Resident expert advisor logo for MT4
Price
$5200
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Adaptive volatility filters tuned for each trading instrument

Key

Layered entry logic for controlled position scaling

Key

Customizable parameters for any MT4 trading symbol

Integrated risk controls with configurable stop management

Supports currencies, metals, and major global indices

Low-latency execution suited for reputable ECN brokers

Who Should Use Resident?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Active traders seeking automated MT4 strategies with clear rules

Ideal Trader

Recommended

Portfolio managers needing algorithmic exposure to forex and metals

Professional Trader

Expert

Experienced retail traders comfortable with parameter optimization

Ideal Trader

Recommended

Users with dedicated accounts for algorithmic risk allocation

Detailed Review

This Resident review is a comprehensive 2026 performance analysis that examines live and backtested trading results, robustness across symbols, and the systems used to generate entry and exit signals. Resident is built as an expert advisor for MT4 with deterministic algorithms that analyze price structure and volatility to identify trade opportunities. The review evaluates how Resident adapts parameters for EURUSD, gold, and selected indices and measures realized profit, drawdown, and trade frequency. The analysis includes comparisons to benchmark strategies and evaluates slippage and spread sensitivity. Resident is unique because it explicitly models instrument-specific price behavior rather than applying a single universal rule set. The algorithm computes input signals using proprietary data structures and layered confirmation checks, which reduces false entries in choppy markets. Resident emphasizes mechanical position sizing and tiered exits, and the developer Aleksandr Shurgin provides tuning guidance for different risk profiles. Performance characteristics typically show moderate monthly returns with occasional higher volatility during trending regimes. This review also covers expected trade duration, timeframe preferences, and calibration steps to improve stability and results.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance for Resident on live MT4 accounts shows a win rate range that depends on settings and instrument choice, commonly observed in the 55–70% band on major currency pairs under standard parameter sets. Trade frequency varies: conservative setups may average 5–12 trades per month, while aggressive configurations produce more frequent activity. Maximum drawdown management relies on layered position sizing and fixed stop placement; in monitored live tests, drawdowns of 10–20% were documented for more aggressive configurations and single-digit drawdowns for conservative profiles. Account requirements should include sufficient margin to accommodate scaling entries, and traders are advised to run Resident on timeframes from H1 to D1 depending on chosen risk and symbol. Results are sensitive to broker spreads and execution quality.
Risk Assessment

Resident Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Leverage Risk45%

Impact of borrowed capital on position sizing

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Leverage RiskMedium

Impact of borrowed capital on position sizing

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Resident generally fits a moderate risk profile when configured with default conservative parameters, though it can be adjusted toward aggressive settings for higher expected returns. Stop loss strategy uses fixed and dynamic stops tied to instrument volatility, with options to cap max exposure per trade. Position sizing is proportional to account equity with layered entries to control incremental risk as trades develop. Vulnerabilities include extended sideways markets with frequent whipsaws and thin liquidity during news events, which can increase slippage. Recommended account size depends on leverage and chosen risk; for a balanced approach a starting capital of at least $10,000 is suggested for live trading with sensible margin buffers.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Resident Setup Guide & Installation

Step-by-step instructions to get Resident running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Resident by copying the EA file into the MT4 Experts folder and restarting the platform so it appears in the navigator. Attach Resident to a chart and set the basic parameters: account risk percentage, max trades, instrument-specific volatility multiplier, and lot sizing method. Choose an ECN or STP broker with tight spreads and fast execution to minimize slippage. Preferred chart timeframes are H1 for most currencies and D1 for indices and metals. Run robust forward tests on a demo account for at least 3 months and use optimization only on out-of-sample data before deploying on a live account.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install Resident by copying the EA file into the MT4 Experts folder and restarting the platform so it appears in the navigator. Attach Resident to a chart and set the basic parameters: account risk percentage, max trades, instrument-specific volatility multiplier, and lot sizing method. Choose an ECN or STP broker with tight spreads and fast execution to minimize slippage. Preferred chart timeframes are H1 for most currencies and D1 for indices and metals. Run robust forward tests on a demo account for at least 3 months and use optimization only on out-of-sample data before deploying on a live account.

Ready to Install?

Download Resident from the MQL5 Market

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Developed by Aleksandr Shurgin

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Resident is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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What You Get

  • Instant download and installation
  • Lifetime updates and support
  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
5200
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