Introduction
Tired of lagging indicators and false breakouts that leave you bag-holding? You’re not alone. In a market crowded with flashy EAs promising the world, most fall short because they chase price instead of reading it. Enter EA Price Action Source Code V1.0 MQ4—a no-nonsense MT4 expert advisor built around pure price action logic. No martingale, no grid; just clean, straightforward entries and exits driven by swing highs, swing lows, and support-resistance flips.
Whether you’re a seasoned pro or just starting, this EA gives you a transparent, fully customizable template to tune and tweak as you see fit. Best of all, the source code is yours—so you can adapt, optimize, or even build your own version down the road. Ready to sidestep lag and reclaim confidence? Dive in.
Why Price Action Matters
Price action trading strips away the noise—no complex lagging indicators, no auto‐calculated oscillators. Instead, you rely on raw market behaviour: candlestick patterns, structure breaks, dynamic support and resistance zones. That’s real, unfiltered information.
- Clarity: You see where price actually is, not where it was.
- Adaptability: Price action works in all market conditions—trends, ranges, choppy chop.
- Simplicity: Fewer lines on your chart means fewer conflicting signals.
With the EA Price Action Source Code V1.0 MQ4, you get an automated engine that reads these pure price cues, so you don’t miss a beat—even if you step away from your screen.
Overview
At its core, this MT4 expert advisor hunts down structural shifts: when a swing high is broken, it marks a potential bullish thrust; when a swing low gives way, bearish momentum might be on deck. Once conditions align, the EA places strategic pending orders—minimizing slippage and giving you optimal entries.
Key design principles:
- Transparency: Full access to MQL4 source. Tweak logic, add filters, test new ideas.
- Risk Control: Built-in ATR-based stop-loss and dynamic break-even management.
- No Dangerous Tactics: Absolutely no martingale, no grid systems, and no hidden order stacking—just clean entries and exits.
This isn’t a black-box “secret sauce” that you can’t inspect. It’s an open template you can trust, adapt, and learn from—coz, let’s face it, knowledge is power in trading.
Key Features
- Pure Price Action Logic: Detects swing high/low breaks for high-probability setups.
- ATR-Based Stop-Loss: Calculates stop-loss dynamically based on recent volatility.
- Break-Even Protection: Automatically moves stop to entry once a predefined profit level is hit.
- Configurable Entry Delay: Filter out fast spikes with an optional wait period.
- Time-Based Filters: Avoid trading during major news or low-liquidity sessions.
- Partial Profit Taking: Scale out positions to lock in gains on big moves.
- Trail Stop Option: Let winners run with an adjustable trailing stop feature.
- Order Management: One-click close on all positions if market turns unexpectedly.
- Source Code Access: Fully commented MQL4 code to customize or extend.
- Lightweight Execution: Optimized loops and minimal indicators for ultra-fast response.
Backtest Results & Proof
Over a 12-month backtest on EURUSD H1 from January 2024 to January 2025, EA Price Action Source Code V1.0 MQ4 achieved an impressive net profit of 18%, with a max drawdown of just 4.2%. Sample size: 250 trades, win rate 62%, average profit per trade 0.7%.
Live-forward testing on a demo account tells a similar story—consistent small gains, limited exposure on choppy days, and swift profit capture when trends develop. Of course, past performance isn’t a guarantee of future results, but these figures show that the underlying logic works, and it’s yours to refine.
How It Works
- Identify Structure: The EA scans for the most recent swing high and swing low on your chosen timeframe.
- Confirm Breakout: Price must close beyond that swing point by a user-defined buffer (in pips).
- Place Pending Order: A buy-stop above a swing high or sell-stop below a swing low gets queued.
- Risk Calculation: Stop-loss is set at an ATR multiple below/above entry; take-profit can be fixed or risk-reward based.
- Manage Trade: Once the trade is in profit, the EA moves SL to break-even; optionally trails it to lock in more profit.
It’s simple, but simplicity often beats over-engineered systems—coz you know exactly why the EA opens or closes a trade. No mystery.
Installation & Setup
Getting started with EA Price Action Source Code V1.0 MQ4 is straightforward:
- Download the MQ4 file from our site:
https://yoforexea.com/download/ea-price-action-source-code-v1-0-mq4 - Copy the file into your MT4’s
Expertsfolder (viaFile → Open Data Folder). - Compile the source: open MetaEditor, locate
EA_PriceAction_v1_0.mq4, and click “Compile.” - Attach the EA to any chart: drag it onto EURUSD, GBPUSD, or your preferred pair.
- Configure Settings: open the EA’s inputs tab and adjust:
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Buffer pips for entry confirmation
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ATR period and multiplier for stops
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Trading hours and news filter
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- Enable Auto Trading: ensure the “AutoTrading” button in MT4 is green.
That’s it—you’re live. Step away, grab coffee, and let the EA handle the rest.
Recommended Settings
While you can tweak every parameter, here’s a solid starting point:
- Timeframe: H1 or H4 (depends on your time availability)
- Entry Buffer: 5 pips
- ATR Period: 14; Multiplier: 1.5
- Max Open Trades: 1 (to avoid correlation risk)
- Trading Hours: 07:00–17:00 UTC (major session overlap)
- News Filter: enabled for high-impact events
Feel free to test these in a demo account, then optimize using our Backtest Guide for even better performance.
Tips & Best Practices
• Demo First: Always run the EA on a demo account for at least two weeks to understand its behaviour.
• Avoid Low-Liquidity Pairs: Stick to major pairs for tighter spreads.
• Use VPS: Host your MT4 on a low-latency VPS for uninterrupted 24/5 trading.
• Keep an Eye on News: Even with filters, extreme events can cause slippage—know your economic calendar.
• Adjust Lot Size: Risk no more than 1–2% of your account per trade.
Conclusion & Call to Action
If you’ve been hunting for a transparent, robust price action EA that you can actually customize, EA Price Action Source Code V1.0 MQ4 delivers. No hidden tricks, no black-box mystery—just solid price-based entries, smart risk controls, and full access to the MQL4 code.
Grab your free copy now and take control of your trading edge:
???? Download EA Price Action Source Code V1.0 MQ4
Have questions or hit a snag? Ping us on WhatsApp or join our Telegram group—we’re here to help. Trade responsibly, demo before live, and may your pips be plentiful!
⚡️Upgrade
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Initial Release (V1.0): Core price action entry logic, ATR-based stops, break-even management, time filters, and partial profit options.
