Quick Money Forex EA – Full Settings Guide & Strategy Explanation

The Quick Money Forex EA is a powerful, free Expert Advisor built for traders who want smart, low-risk, high-efficiency trading. Whether you’re a beginner testing on demo or an experienced trader running real accounts, this EA gives you full control with easy-to-understand settings and powerful automation.

In this post, you’ll get a full explanation of:

• What this EA does
• How it works
• And how to set it up correctly using all available options

📌 What Makes Quick Money Forex EA Unique?

Quick Money Forex EA is not like traditional robots that stay in the market for hours or run complex grid/martingale strategies. Instead, it focuses on:

• 🚀 Fast entry and exit from the market
• 🔒 Controlled risk with smart limits
• 💰 Potential for consistent profits using low drawdown logic
• 🛠️ Full customization via user-friendly inputs
• ✅ Absolutely free to use on both demo and real accounts

⚙️ Settings Overview (User-Friendly Input Guide)

To get the best results from this EA, you need to understand what each setting means. Here’s a breakdown of every input available when you attach the EA to a chart:

🔹 Trading Style

Trade Duration
You can choose how long the EA should typically stay in trades. There are 10 levels – from “Very Short” (quick in and out) to “Longest” (longer trend-based trades).
Ideal for traders who want to match the EA to their market strategy or preferred risk exposure.

🔹 Order Management Settings

Gap Between Orders
Controls how much distance (in pips) there must be between multiple open trades. This avoids opening too many trades too close to each other.

Maximum Number of Orders
Set the total number of trades the EA is allowed to open at the same time. This gives you direct control over exposure.

🔹 Money Management Settings

Lot Size Mode
You can choose between:

• Fixed Lot Size – You define a single size for every trade.
• Auto Lot Size – EA calculates lots based on your account balance and equity.

Fixed Lot Size Value
Used only if you selected fixed lot size mode. Choose any value like 0.01, 0.1, etc.

Minimum Lot Size & Maximum Lot Size
If you’re using auto lot size, this will help define the smallest and largest trade sizes the EA can use. This prevents over-trading on small balances or under-trading on large ones.

🔹 Spread Filter

Maximum Allowed Spread
The EA will only trade when the spread (difference between bid and ask) is within your allowed limit. This prevents entering trades during high-spread conditions such as market open or news times.

🔹 Daily Targets and Limits

Daily Profit Target
You can enable a daily profit goal in dollars. Once this target is hit, the EA will stop trading for the rest of the day.

Daily Drawdown Limit
You can set a maximum daily loss in dollars. If this amount is lost, the EA will stop trading for the day to protect your capital.

These tools are ideal for traders who want to protect profits and control daily risk.

🔹 News Filter

Avoid Trading During News
You can enable a setting to prevent the EA from opening trades during high-impact news events. This helps reduce risk during volatile periods.

🔹 Trading Sessions

By default, the EA trades all the time. But if you prefer tighter control, you can enable specific trading sessions.

Use Trading Sessions
Enable this to define up to three different time ranges when the EA is allowed to trade.

• Session 1 Time Range
  Set the start and end time (e.g., 08:00 to 10:00)
• Session 2 Time Range
  You can enable a second trading session (e.g., 12:00 to 14:00)
• Session 3 Time Range
  You can enable a third trading session (e.g., 16:00 to 18:00)

This is very useful if you only want the EA to trade during London session, New York session, or during calmer market hours.

🧪 Recommended Settings for Beginners

If you’re just starting out, here are some quick suggestions:

• Trade duration: Medium (around level 5)
• Lot mode: Auto Lots
• Max number of orders: 5 to 10
• Spread filter: 3–4 pips
• Daily target: $100 (optional)
• Daily drawdown limit: $100 (recommended)
• Enable news filter: Yes
• Use trading sessions: Optional (enable for more control)

💡 Final Thoughts

The Quick Money Forex EA gives you everything you need to automate smart forex trading. It’s powerful, fast, and safe—with features usually found only in premium robots. Whether you want to scalp fast, limit drawdown, or avoid news volatility, this EA has the flexibility to match your style.

💬 Your Feedback is the Future

This EA is 100% free, and always will be. In return, all I ask is that you:

• ✅ Share your honest results
• ✅ Leave a comment below
• ✅ Suggest improvements or ideas