Are you fed up with rigid prop firm challenges and sky-high subscription fees? Meet the Forex Free MT5 Prop Firms EA V1.0, a completely free MT5 expert advisor designed specifically for traders aiming to smash through prop firm targets with just a $200 minimum deposit. No gimmicks, no martingale, no hidden costs… just pure algorithmic power you can trust.


Forget hunting down expensive bots that overpromise and underdeliver. This EA was crafted by YoForex, a name you already know for top-tier trading tools, and it’s been battle-tested across thousands of trades in both demo and live environments. Whether you’re chasing a 5% daily gain or simply want a reliable algo to handle the heavy lifting on EUR/USD or other major pairs, this free forex EA has your back.


Forex Free MT5 Prop Firms EA V1.0 MT5


What Is Forex Free MT5 Prop Firms EA?
The Forex Free MT5 Prop Firms EA V1.0 is an automated trading system built for MetaTrader 5. Its core mission? To help you breeze through prop firm rules and profit targets without sweating margin calls or unexpected drawdowns. It combines trend-following logic, volatility filters, and dynamic position sizing, so you don’t have to babysit charts all day. Instead, you’ll get clear entry and exit signals, plus built-in risk controls that cap drawdown at around 5% per trade—ideal for prop firm risk profiles.


• Platform: MetaTrader 5
• Currency Pair: EUR/USD (default; adjustable to GBP/USD, USD/JPY, etc.)
• Timeframe: M15 (recommended; works on M5–H1)
• Minimum Deposit: $200
• Strategy Type: Trend-following with volatility breakouts


Key Features



  • 1–2% Daily Profit Potential – Target consistent gains without overleveraging.

  • Max Drawdown Control (≤5%) – Strict stop-loss limits protect your capital.

  • No Martingale or Grid – Pure trend logic avoids compounding risks.

  • Adaptive Lot Sizing – Balance risk vs reward based on your account equity.

  • Volatility Filter – Trades only during optimal market conditions.

  • Trailing Stop – Locks in profits as the trend extends.

  • Prop Firm Mode – Custom settings to meet common challenge rules.

  • Demo & Live-Market Verified – Backtested since 2022 on 10 years of tick data.


Backtest & Performance Proof
You don’t need fancy marketing speak to see how this free forex EA stacks up. In a 10-year backtest on EUR/USD M15 from January 2013–December 2022, the equity curve showed steady growth with a total net profit of over 1200%, maximum drawdown capped at 18%, and a profit factor above 2.5. That’s real data—no curve fitting, no look-ahead bias. The EA only trades during high-liquidity sessions and filters out choppy periods, so you get clean entries and robust exits.


Live-Market Results
Since its V1.0 launch in March 2025, traders running this Forex Free MT5 Prop Firms EA on real accounts have reported average monthly returns of 15–20%, with maximum drawdowns staying under 8%. One community member shared a screenshot of her April equity growth from $500 to $635 in just 3 weeks—props to the built-in prop firm mode that auto-adjusts stops and lot sizes to fit challenge rules.


How to Install & Configure



  1. Download the EA for free from the YoForex website:
    https://yoforexea.com/downloads/forex-free-mt5-prop-firms-ea-v1-0

  2. Copy the PropFirmsEA.ex5 file into your MT5’s MQL5/Experts folder.

  3. Restart MT5 so the EA shows up in the Navigator panel.

  4. Attach the EA to an M15 EUR/USD chart (or your chosen pair) and enable “AutoTrading.”

  5. Load the supplied PropFirmsEA_Setup.tpl template for recommended settings.

  6. Adjust your account balance parameter to $200 (default), or higher if you’ve got more capital.


You’ll see three input groups—Risk Settings, Market Hours, and Prop Firm Mode. Coz no two prop firms work the same, you can tweak your max drawdown limit (default 5%), daily ATR filter, and allowed trading hours.


Recommended Settings Screenshot



Alt text: Annotated MT5 settings panel for Forex Free MT5 Prop Firms EA showing RiskSettings and PropFirmMode inputs.



Forex Free MT5 Prop Firms EA V1.0 MT5


Why Choose YoForex-Powered Tools?
YoForex has earned its stripes delivering reliable, free EAs and indicators since 2019. The team continuously refines strategies, pushes updates, and stays active on Telegram and WhatsApp—no ghosting here. You get ongoing improvements, direct support, and full transparency. Plus, using a free forex EA from YoForex means zero subscription fees; you keep 100% of your profits (aside from broker commissions).


Risk Management & Pro Tips
• Always demo-test first before going live.
• Use a dedicated prop firm account to isolate challenge rules.
• Don’t over-optimize—stick with the default volatility settings.
• Combine with manual risk checks: no EA replaces good judgment.


Conclusion & Call to Action
Ready to level up your prop firm journey without spending a dime? Download the Forex Free MT5 Prop Firms EA V1.0 today, load it on your MT5, and let the algorithm handle the heavy lifting. If you hit any bug or need help, ping us on WhatsApp or join our Telegram group—support is just a message away. Trade smart, trade free, and conquer those prop firm targets!


Grab your copy now and start trading like a pro. YoForex – empowering traders worldwide, one free tool at a time.


Join our Telegram for the latest updates and support


Happy Trading