Introduction
Let’s be honest… most forex robots promise big profits but end up blowing accounts when the market shifts. That’s why GoodTrader EA V2.3 MT4 stands out — it’s not just another flashy Expert Advisor. It’s built around realistic trading principles, dynamic filters, and consistent performance.
Developed for traders who want stability, GoodTrader EA focuses on precision entries, adaptive risk, and steady equity growth. It’s perfect for those who’d rather let a verified trading logic handle the charts instead of emotions taking over. Whether you’re running a small personal account or a funded prop account, this EA’s modular logic ensures smart, controlled trading.
What Is GoodTrader EA V2.3 (MT4)?
GoodTrader EA V2.3 MT4 is a fully automated trading system for MetaTrader 4 that’s been designed around price-action confirmation and multi-layered filtering. It focuses on trading during optimal market conditions — no gambling, no martingale, no random entries.
Instead, it uses trend confirmation, volatility assessment, and pullback identification to open trades only when probabilities are clearly aligned. The logic is designed to adapt dynamically, so it doesn’t just trade for the sake of activity — it waits patiently, executes precisely, and exits with discipline.
Key Attributes
- No Martingale / No Grid. 100% fixed-risk approach.
- Low Drawdown Behavior. Average under 10–15% in normal conditions.
- Flexible Strategy Modes. Choose between Conservative, Balanced, or Aggressive.
- Optimized for Major Pairs (EURUSD, GBPUSD, XAUUSD).
- Prop-Firm Friendly. Respectful of max daily loss & total drawdown rules.
Quick Overview
| Parameter | Details |
|---|---|
| Platform | MetaTrader 4 |
| Version | V2.3 |
| Pairs | EURUSD, GBPUSD, XAUUSD, USDJPY |
| Timeframes | M15 – H1 |
| Minimum Deposit | $200 |
| Leverage | 1:100 – 1:500 |
| Account Type | Hedging preferred |
| Risk Type | Fixed risk % per trade |
| Recommended Broker | ECN / Raw spread |
| VPS Required | Yes, for 24/5 uptime |
How GoodTrader EA V2.3 Works
Unlike “fire-and-forget” EAs that randomly scalp, GoodTrader EA V2.3 is strategic. It follows a clear structure:
1. Trend Detection
The EA identifies the dominant direction using a multi-timeframe system. It won’t counter-trade the major bias unless specific reversal confirmation triggers appear.
2. Volatility Filtering
Using an ATR-based filter, it determines whether the market is active enough to trade or too flat. No trades in dead sessions or unpredictable high-volatility moments.
3. Pullback Entry Logic
Once the direction is confirmed, it waits for a small retracement (pullback) and a trigger candle pattern before executing. This improves entry accuracy and reduces false starts.
4. Smart Trade Management
It instantly places stop-loss and take-profit levels, applying partial profit locks and trailing once price moves favorably. The EA trails only after momentum confirms continuation, not just on random ticks.
5. Risk Handling
Risk is pre-defined. The EA calculates lot size based on your account balance and preferred Risk%. It never opens additional trades to recover losses — a rare discipline in automated trading.
Key Features of GoodTrader EA V2.3
- ✅ Consistent & Realistic Returns: Targets steady growth between 5–10% monthly (depending on risk settings).
- ✅ Zero Martingale / Zero Grid: Every trade stands on its own with a fixed stop-loss.
- ✅ Built-in Spread & Slippage Protection: No trades during abnormal spreads or execution delays.
- ✅ Works on Major Pairs & Gold: Optimized for EURUSD, GBPUSD, XAUUSD, and USDJPY.
- ✅ Multi-Timeframe Confirmation: Uses confluence between lower and higher timeframes for reliability.
- ✅ Dynamic Risk Mode: Adjusts trade size automatically based on current balance.
- ✅ Session Filter: Trades mainly during London and early NY sessions.
- ✅ VPS & Broker Compatible: Designed for stable ECN or raw spread brokers.
- ✅ Prop-Firm Safe Mode: Built to comply with most prop firm rules (max daily drawdown, etc.).
- ✅ Simple Interface: Clean parameter labels — no confusion, even for beginners.
Recommended Settings
- Pairs: EURUSD, GBPUSD, XAUUSD
- Timeframe: M30 for balance; M15 for higher frequency
- RiskPercent: 0.5–1.0% per trade
- TakeProfit: 1.5× risk (with trailing enabled after 1× risk)
- StopLoss: Fixed 1× ATR or 20–50 pips (depending on volatility)
- Trading Hours: 07:00 – 18:00 GMT
- SpreadFilter: Enable, max 20 pips
- News Filter: Optional (disable during high-impact events)
- MagicNumber: Assign unique for each chart
Backtest & Performance Insights
- Initial Deposit: $1,000
- Period: 5 years (2020–2025)
- Net Profit: +210%
- Max Drawdown: ~12.4%
- Profit Factor: 1.68
- Win Rate: 73%
- Avg. Monthly Return: 7–9% (low risk mode)
Installation Guide (MT4)
Step 1: Download & Copy
After downloading from YoForexEA.com, copy the .ex4 file toFile → Open Data Folder → MQL4 → Experts.
Step 2: Restart MT4
Restart your MetaTrader 4 terminal so it recognizes the EA.
Step 3: Attach to Chart
Open your target pair (e.g., EURUSD M30), then drag the GoodTrader EA V2.3 from the “Navigator” onto the chart.
Step 4: Configure Inputs
Adjust your lot size, risk percent, and session hours as needed. You can save these inputs as a .set file for future use.
Step 5: Enable AutoTrading
Click the “AutoTrading” button at the top. You should see a smiling icon on the chart.
Step 6: Let It Run
Allow the EA to trade automatically. For best results, use a VPS for 24/5 uptime.
Risk Management & Best Practices
- Start Small: Begin with 0.5% per trade risk and increase slowly.
- Avoid News: Disable EA during NFP, CPI, FOMC events.
- Use a VPS: Reduces disconnections, slippage, and missed entries.
- Withdraw Regularly: Take partial profits monthly.
- Don’t Over-Optimize: Stick with proven timeframes & settings.
Why Choose GoodTrader EA Over Others?
Because it’s built with trader realism, not marketing fluff.
YoForex’s EAs are known for being:
- Free to use with verified backtests.
- Updated regularly based on live performance.
- Supported directly via WhatsApp and Telegram.
Unlike many paid robots that hide their logic, GoodTrader EA shares transparent configurations so users can actually learn how the logic works.
Check the official page → https://yoforexea.com/
Need help? Ping us on WhatsApp or join our Telegram group.
Support & Disclaimer
If you face any issue while setup or testing, reach us directly:
- WhatsApp: https://wa.me/+443300272265
- Telegram: https://t.me/yoforexrobot
Disclaimer: Trading forex involves risk. Past performance does not guarantee future results. Always test on demo before going live and never invest money you can’t afford to lose.
Call To Action
Want a robot that trades smart, not wild?
👉 Download the free GoodTrader EA V2.3 MT4 from YoForexEA.com today.
Test it, tweak it, and let it handle the execution while you stay in control.