Price Action EA V1.0 MT4 is a pure price-driven Expert Advisor that makes trade decisions based entirely on market structure—no indicators involved. It tracks candles, wicks, breakouts, and momentum shifts to find opportunities in real time. Built for traders who believe in market logic over indicators, this bot brings professional-style price action into your MT4 terminal.

And guess what? It’s completely free, thanks to YoForex’s mission to empower retail traders worldwide.

Overview

Price Action EA V1.0 is a MetaTrader 4 Expert Advisor designed to trade naked charts. It uses a smart combination of:

  • Candlestick pattern detection
  • Wick strength and body size analysis
  • Breakout zones
  • Previous highs/lows
  • Momentum detection through price speed

All this, without depending on RSI, MACD, or moving averages. It works on major currency pairs like EURUSD, GBPUSD, and XAUUSD, and performs best on the M15 to H1 timeframes.

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Key Features

• +100% indicator-free logic – pure price action only
• +Built-in support/resistance range reader
• +Smart trade triggers based on candle formations
• +Works on major pairs (EURUSD, GBPUSD, XAUUSD, etc.)
• +Best timeframes: M15, M30, H1
• +No martingale, no grid – clean and professional
• +Risk-reward targeting system (1:1.5 default)
• +Auto lot sizing or fixed lot option
• +Prop firm ready – low drawdown and no overtrading
• +Dynamic trailing stop logic
• +Free to use, no activation or license needed

How It Works

  1. Identifies patterns like engulfing, pin bars, inside bars
  2. Confirms with breakout level or swing zone
  3. Places pending orders or instant entries based on breakout logic
  4. Manages stop loss and take profit using recent market structure

Backtest Results & Performance

  • ✅ Win rate: 68–75%
  • ✅ Monthly ROI: 5–8% (moderate risk)
  • ✅ Max Drawdown: 4.9–6.2%
  • ✅ Avg trade duration: 2–6 hours
  • ✅ Best performing pairs: EURUSD, GOLD (XAUUSD), USDJPY

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Installation & Setup

  1. Download from MQL5.software
  2. Open MetaTrader 4 → File > Open Data Folder
  3. Go to MQL4 > Experts and paste the .ex4 file
  4. Restart MT4
  5. Drag the EA onto EURUSD M30 or your chosen chart
  6. Customize risk level, lot sizing, and risk-reward ratio

Why YoForex Bots?

✔️ Zero cost, no licenses
✔️ Clean, auditable trading logic
✔️ Fast execution with risk control
✔️ Community-tested bots with feedback updates
✔️ 24/7 support via Telegram and WhatsApp

Support & Disclaimer

Questions or setup issues?

Disclaimer: While Price Action EA is highly efficient, no EA can guarantee profit. Always test on demo, and apply proper money management on live accounts.

Call to Action

Ditch the indicators. Start trading the chart like a price action pro.

✅ Clean entries
✅ Smart stop loss
✅ No clutter

???? Download Price Action EA V1.0 MT4 from MQL5.software – free for life!