Merit EA
Merit EA — database-listed MT4 swing/scalper robot · MT4
About Merit EA
Merit EA is a MetaTrader 4 robot with an entry in the ea-forexlab.com Forex EA database, which catalogs backtested MT4/MT5 expert advisors. The database describes Merit EA as an MT4 swing-trading/scalper robot that trades around the clock — its listed performance figures include a profit factor of about 1.28 — and tags USDJPY as its instrument. The circulated pack build is labeled "Merit EURUSD M5 V1", i.e. a variant configured for EURUSD on the 5-minute chart rather than the database's USDJPY entry.
Honest caveat: the ea-forexlab entry is a database summary, not full vendor documentation — the entry logic, developer identity and live track record are not published, and a profit factor of 1.28 on backtests is modest, not exceptional. The EURUSD M5 relabel in sharing packs means someone re-optimized it for a different pair, which usually means curve-fitted settings. Backtest on your own broker's data and keep it on demo.
- Platform: MetaTrader 4 (database: USDJPY; pack build: EURUSD M5)
- Price: Free (database/shared build)
- Source: ea-forexlab.com · Forex EA Database (Merit EA, MT4, swing/scalper)