Introduction
Feeling stuck staring at charts all day? Tired of manual entries and missed opportunities? Enter the Free Money Expert EA V1.0 MQ4—your no-cost ticket to consistent, automated trading on MetaTrader 4. This EA isn’t some overpriced black box; it’s a simple, efficient robot optimized for major forex pairs, letting you reclaim time and potentially boost profits—coz who doesn’t love ‘free money,’ right?
Overview
The Free Money Expert EA V1.0 MQ4 is designed with one core promise: automate your trades on high-liquidity pairs with minimal fuss. Built for MT4, it uses a combination of trend detection and volatility filters to enter and exit positions. No martingale, no grid—just clean logic aiming for small, steady gains. The developer kept things transparent: you see recommended pairs, optimal timeframes, and adjustable risk settings so you can tweak performance to match your style.
Choosing the Right Currency Pair
Selecting the ideal pair is key:
- EUR/USD: High liquidity, tight spreads, and predictable moves make it the EA’s top pick for steady scalping and day trading.
- GBP/USD: Crank up the profit potential (and the risk) thanks to its bigger swings—perfect if you can handle the volatility.
- USD/JPY: A balanced choice with moderate volatility and strong trends, ideal for swing setups.
- AUD/USD: Lower volatility but reliable for trend-following strategies when commodity prices are stable.
Feel free to experiment, tho—every account is unique. Always run a quick demo test before going live!
Optimal Timeframes
The Free Money EA thrives on multiple charts:
- M15 (15-minute): Fast-paced scalping signals. Make sure your broker’s execution is snappy!
- H1 (1-hour): A sweet spot for day trading—enough signals without the noise.
- H4 (4-hour): Sit back and let longer trends play out. Fewer trades but higher reliability.
- D1 (Daily): For swing traders who prefer riding major moves and skipping intraday clutter.
Key Features
• No martingale or grid trading—keeps drawdowns under control.
• Built-in spread and slippage filters—avoids bad trade entries.
• Adjustable risk per trade (0.5–2% recommended).
• Daily trading hour filter—only trades during your chosen market session.
• Auto-lot sizing based on account balance.
• Break-even and trailing-stop options for locking in profits.
• Easy input panel—just load and go.
• Fully back-tested on 10+ years of tick data for EUR/USD.
Backtest & Live-Market Insights
Backtests on EUR/USD (M15, 2010–2024) show a steady equity curve with a max drawdown around 7% and a CAGR of ~12%. Over 5,000 trades were sampled, reflecting robust performance across multiple market regimes. Live-demo results (Jan 2025–Apr 2025) on a $10,000 account yielded ~1.3% monthly growth with a drawdown peak under 6%. Of course, past performance isn’t a guaranteed map of the future—demo first, then go live when you feel confident.
Installation & Configuration
- Download the
FreeMoneyEA_v1.0.mq4from the official page. - Copy the file into your MT4
Expertsfolder (File → Open Data Folder → MQL4 → Experts). - Restart MT4, or click “Refresh” in the Navigator panel.
- Attach the EA to your chosen chart (e.g., EUR/USD M15) by dragging it from Navigator.
- Configure settings:
Risk_Per_Trade = 1.0(for a 1% risk)Trading_Start_Hour = 1,Trading_End_Hour = 23Enable_Trailing_Stop = true,Trailing_Stop_Points = 50
- Enable AutoTrading (hit the “Algo Trading” button) and watch the magic start.
Why Choose Free Money EA?
YoForex backs this tool—no hidden fees, no upsells. You get ongoing updates, bug fixes, and access to our community on WhatsApp and Telegram. We believe traders shouldn’t be nickel-and-dimed; hence, this EA is absolutely free, forever.
Support & Disclaimer
Hit any bug or need help? Ping us on WhatsApp or join our Telegram group. Remember: trading carries risk. Past results don’t promise future gains. Always demo-test before using real funds and trade responsibly.
Call to Action
Ready to automate your strategy and stop chasing charts? Download Free Money Expert EA V1.0 MQ4 now! Unlimited support is just a message away on WhatsApp or Telegram. Take control of your trading—free and easy.
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Happy Trading
