Tired of chasing signals or staring at charts all day? Yeah, same here. That’s where the Free Money Expert EA V1.0 MQ4 comes into play—a fully automated trading bot designed to take the stress out of trading and hand you a more systematic approach to growing your account. If you're looking for an MT4-compatible expert advisor that runs smoothly and doesn't cost a dime, this one might just be your golden ticket.
With MetaTrader 4 still reigning as the go-to platform for forex traders globally, tools like this EA let you combine automation with trusted infrastructure. Whether you're into scalping short timeframes or prefer swing trading across H4 and D1, Free Money Expert EA adapts with ease.
Let’s dive into what makes this EA worth trying…
What is Free Money Expert EA V1.0 MQ4?
The Free Money Expert EA is a fully automated robot built using MQL4 code. Designed for use on the MetaTrader 4 (MT4) platform, this EA executes trades on your behalf—meaning you can sleep, go to work, or just chill while it works behind the scenes.
Its logic is focused on trend-following and breakout strategies, often initiating trades during high-probability setups based on technical indicators like moving averages, RSI, and volatility bands (though the exact formula’s cleverly hidden).
This EA specifically targets major currency pairs—EUR/USD, GBP/USD, USD/JPY, and AUD/USD—and works across multiple timeframes like M15, H1, H4, and D1. That makes it pretty flexible, whether you’re into fast intraday flips or longer swing positions.
Key Features of Free Money Expert EA
Here’s why traders are giving this EA a spin:
- Fully automated algorithm – Set it and forget it; no manual intervention needed
- Supports all major pairs – EUR/USD, GBP/USD, USD/JPY, AUD/USD
- Multi-timeframe compatibility – M15, H1, H4, and D1 all supported
- No martingale or grid – Keeps your risk steady and capital protected
- Built-in risk management – Adjustable lot sizing, stop loss, and take profit
- Trend-following logic – Identifies optimal entries during market momentum
- Backtest-ready – Easily test strategies before going live
- Minimal drawdown – Smart logic avoids overtrading in choppy markets
- Clean MQL4 code – Fast execution and low CPU usage
- Perfect for beginners – Just load it up on MT4 and go
Timeframes & Pairs
The EA is optimized to work across these timeframes:
- M15: For intraday scalpers looking to catch fast moves
- H1: For short-term trades with a wider perspective
- H4: Great for swing setups with larger moves
- D1: Ideal for hands-off, long-term position trading
And here are the major currency pairs it supports:
- EUR/USD
- GBP/USD
- USD/JPY
- AUD/USD
These pairs are known for their tight spreads and liquidity, making them ideal for automated strategies.
Backtesting & Performance
So, how does it actually perform?
While results can vary based on broker, VPS speed, and account type, most backtests (and real-world reports from traders) show:
- Win Rate: ~72–78% across all pairs
- Max Drawdown: Under 10% when risk settings are moderate
- Profit Factor: Between 1.7 and 2.4 depending on market volatility
- Average Monthly Return: 6–12% on balanced risk settings
These results are based on 1-year data with IC Markets demo accounts and real spreads/slippage considered.
How to Install Free Money Expert EA on MT4
Setting up is quick and painless. Here's how to get it going:
- Download the EA file from the official site
Free Download Here - Open MetaTrader 4, then go to File → Open Data Folder
- Navigate to MQL4 → Experts
- Copy the
.mq4or.ex4file into that folder - Restart MT4
- Drag the EA from the Navigator panel to your chart
- Enable AutoTrading, set your lot size and risk
Recommended Settings
- Risk Level: Start with 1% per trade
- Lot Mode: Auto lot size based on account balance
- Max Trades: 1–3 open trades at a time
- SL/TP Ratio: 1:1.5 works well on H1 and above
Try it first on a demo account to tweak settings before going live.
Why Choose Free Money Expert EA?
Well, aside from the obvious—it’s free—this EA offers:
- Zero cost with pro-level performance
- No shady brokers or forced affiliate links
- Reliable logic with no gambling-style methods
- Flexible for small and large accounts alike
Unlike many "free" EAs that are crippled or time-limited, this one gives you full functionality out of the box.
Who Should Use It?
This EA is best for:
New traders who don’t wanna get overwhelmed by manual setups
Intermediate traders looking for a backup strategy
Investors managing multiple accounts who need automation
Anyone testing waters in algorithmic trading
Support & Final Notes
If you run into any issues or want help customizing it—don’t worry, the YoForex team has your back.
WhatsApp Support
Join our Telegram
Disclaimer: All trading carries risk. Just coz the bot worked great on backtests doesn’t mean it’ll kill it on every live market. Always use a demo account first and monitor its behavior before putting real capital at risk.
Call to Action
What are you waiting for?
Grab your Free Money Expert EA V1.0 MQ4 right now and give your MT4 a serious upgrade—without spending a cent.
Click here to download the EA
Need help? Ping us on Telegram or WhatsApp—we’re here 24/7!
