FX Zilla IV: Automated MT5 trading with verified live performance and risk control

This 2026 review and performance analysis examines FX Zilla IV across demo signals and live MT5 test accounts to provide an objective look at trade outcomes and system behavior. FX Zilla IV is part of a four-EA series built by Antonius Loubser and priced at $100 for this component, reflecting a divided valuation of the complete $400 strategy. The first paragraph of this review highlights that the EA uses price action on M15, a shared SL/TP scheme, and coordination between multiple EAs to avoid single-point failures. What makes FX Zilla IV unique is the combination of short-term price-action signals with a portfolio-style implementation: entries are sourced from standard M15 structure and then risk is allocated across four linked EAs. The algorithm opens trades when predefined structure and momentum criteria align, then applies a coordinated exit matrix so one large loss does not cascade. This design deliberately avoids martingale and favors staged position reduction. In practice FX Zilla IV performs best in trending or structured range conditions on major currency pairs and under normal liquidity. Risk management relies on shared hard stop levels and progressive partial take-profits; traders should expect uneven monthly returns with occasional rough drawdown sequences. Overall the EA offers a transparent, rules-based approach suitable for traders who value documented behavior and MT5 integration.