Name: Octotrader MT4 EA
Price: 15 USD
Availability: InStock

Its core target currency pair is EURUSD (as the training / main pair) in many listings.
Timeframe preference: M5 (5-minute) is often cited; although one listing says you can attach it to any timeframe (internally it works off M5)Key Features

Here are the main features as advertised across various vendor/product pages:

Feature	Description / How It Works
Neural Network / AI Engine	Uses LSTM (Long Short-Term Memory) networks (a type of Recurrent Neural Network, RNN) to analyze historical indicator data and predict price movement.
Recovery / Batch Mode / Trade Splitting	If a trade goes against the initial entry, the EA may use “batch recovery mode”—splitting entries into multiple smaller trades and gradually closing losing trades as profits accumulate from other positions.
Dynamic Lot Sizing / Adaptive Risk	The EA adjusts lot sizes based on account balance, risk settings, or equity.
Drawdown / Risk Limits	Includes settings for maximum account drawdown, daily drawdown, and protections against excessive losses.
Trailing Take Profit / Trade Management	Has trailing take profit and fixed SL/TP logic; trade exits are managed intelligently.
News Filter / Trading Time Filters	The EA includes a filter to avoid opening trades around high-impact news events.
“No DLL” / FIX versions	Some versions are sold as “No DLL” (i.e., no external library dependencies) or “FIX build” versions for certain MT4 builds (e.g., build 1425+).

Advanced AI / Neural Network Logic — This is its main marketing differentiator: not just rule-based, but AI models learning from data.
Flexible / Adaptive Strategy — The EA adjust behavior based on account size, market conditions, etc.
Risk Management Focus — Emphasis on drawdown limits, trade management, and protective filters (e.g. news filter)
Recovery / Loss Mitigation Mechanism — The batch / recovery mode is used to manage losing trades rather than letting one big loss dominate
Ease of Use / Presets — With set-files, ready configurations, possibly friendly UI, it's intended to be usable by less technical traders.

Risks & What to Test / Validate If You Use It

Because all EAs with AI / recovery logic carry risks, here are what you should be cautious about:

Overfitting & Model Decay
- Neural networks trained on historical data may not generalize well to future market conditions. Markets evolve.
Broker Impact
- Spread, slippage, execution delays, requotes can erode profitability, especially for AI EAs that rely on precise signals
Recovery Mode Risk
- The recovery / batch closing mechanism may escalate exposure (if many recovery trades are opened) — could lead to large drawdowns
Drawdown & Worst Case Scenarios
- Even with drawdown protections, in extreme volatility or gaps, loss limits may be breached
Testing in Real Market Conditions
- Backtests (ideal conditions) often differ from live(with latency, slippage etc.). Always test on a demo with your intended broker
Version / Build Compatibility
- Ensure the EA is compatible with your MT4 build (if using a FIX / NO DLL build)

Octotrader MT4 EA