Overview

Tired of mystery-box robots that spike your equity one week and nuke it the next? BKP EA V1 MT5 keeps it simple, safe(-ish), and transparent. Built by YoForex, this free Expert Advisor for MetaTrader 5 blends mean-reversion with trend confirmation, then wraps it in sensible risk controls—true SL/TP, spread guards, and optional daily equity stops. No shady martingale, no runaway grids; just clean exposure and a strategy you can actually explain to your team or prop firm reviewer.

BKP EA V1 MT5 works out of the box on the majors and gold, with our recommended focus on EURUSD, GBPUSD, and XAUUSD. Timeframes? M15 to H1 is the sweet spot. On brokers with ECN/Raw accounts and low latency, you’ll see the EA do what it’s meant to do—seek high-probability pullbacks aligned with broader flow, aim for measured take profits, and avoid chop when spreads explode. It’s very much a “switch it on and chill” vibe… tho we still suggest a VPS and a quick weekly review.

And yes—it’s 100% free on MQL5.software coz we believe good tooling shouldn’t be locked behind silly paywalls. You get YoForex’s engineering backbone, proper presets, and human support when you need it.

Key Features

• Hybrid Engine (Mean-Reversion + Trend Filter) – Entries on pullbacks that agree with higher-timeframe direction; fewer dumb fades.
• Real SL/TP on Every Trade – No hidden equity traps; broker-side protection with trailing options.
• No Martingale, No Grid – Linear exposure, period.
• Prop-Firm Friendly – Defaults designed to respect common daily/overall DD limits (FTMO/MFF/Funding Pips, etc.).
• Money Management, Your Way – Fixed lot or % risk per trade; adaptive step as equity grows.
• Spread & Slippage Filters – Blocks entries during thin liquidity or news spikes.
• Session Aware – Optional session filter to avoid low-liquidity hours.
• Portfolio-Ready – Run multiple symbols/charts with distinct MagicNumbers.
• Clean Logs – Trade “reason codes” so you know why a position triggered.
• Low Overhead – VPS-friendly, designed for long 24/5 runs.
• Beginner-Friendly Presets – Safe profile for EURUSD/GBPUSD H1 and XAUUSD M15.
• Free Updates – YoForex tunes features with community feedback (ya, we actually listen).

Backtest Results & Proof (Illustrative)

We validated BKP EA V1 MT5 with tick-level backtests (variable spreads & realistic commissions) and multi-month forward demos. Results vary by broker, spread, and risk, but here’s a representative snapshot you can replicate:

Backtest Setup

  • Period: Jan 2019 – Aug 2025
  • Symbols: EURUSD (H1), GBPUSD (H1), XAUUSD (M15)
  • Initial Balance: $1,000
  • Risk: 0.5% per trade (safe profile), 1% for “moderate”
  • Model: Tick data, variable spread, commission on ECN

Aggregate Highlights (3-symbol portfolio, safe profile):

  • Net Return: +190% to +310% (symbol mix & slippage dependent)
  • Max Drawdown (equity): 7%–11%
  • Win Rate: 60%–70%
  • Avg R:R: ~1.2–1.35 : 1
  • Frequency: ~2–5 trades/day across the portfolio

Forward Demo (90 days, ECN raw, safe profile):

  • Return: +12–16%
  • Peak DD: ~5%
  • Notes: Smooth curve, shallow dips; spread filter skipped several news-hour “fakeouts.”

How to Install & Configure (MT5)

Step 1 – Download
Grab BKP EA V1 MT5 from MQL5.software:
👉 Download: https://mql5.software/download/bkp-ea-v1-mt5

Step 2 – Copy Files
Open MT5 → File → Open Data Folder → MQL5 → Experts
Paste BKP_EA_V1.ex5 into Experts.

Step 3 – Restart MT5
Close and relaunch MT5 so the EA loads properly.

Step 4 – Attach to Chart
Open your symbol and timeframe (e.g., EURUSD H1).
From Navigator → Expert Advisors, drag BKP EA V1 to the chart.

Step 5 – Enable Trading
Tick “Allow Algo Trading” in both platform and EA settings. Ensure the toolbar Algo Trading is green.

Recommended Starter Settings (Safe Profile):

  • Risk_Percent: 0.5 (start with 0.25 during evaluation)
  • Max_Open_Trades: 3
  • Use_Equity_Stop: true (Daily_Equity_Stop = -2.0%)
  • TP/SL: keep defaults for 2–4 weeks; they’re symbol-tuned
  • Max_Spread: 20 (EURUSD/GBPUSD), 35 (XAUUSD)
  • Session_Filter: On (skip low-liquidity)
  • MagicNumber: unique per chart (e.g., 11001/11002/11003)
  • CommentTag: BKP_V1 (makes trade tracking cleaner)

Why Choose YoForex-Powered Tools?

Because results matter—and so does trust. YoForex is known for building automation that real traders can use without babysitting: sensible defaults, clear documentation, and support that actually responds. We keep tools free on MQL5.software to lower the barrier for ambitious traders—new or pro.

Support & Contact

Disclaimer: Trading involves risk. Past performance is not a guarantee of future results. Please test on a demo first, use sensible risk, and consider pausing during high-impact news. You’re the boss of your equity; protect it.

Call to Action

Want a steady, no-nonsense robot you can actually keep on for weeks? Download BKP EA V1 MT5 now—it’s free and built by YoForex engineers who trade too. Install in minutes, start safe, and scale only when your data says so. If you need help, just shout on WhatsApp or Telegram… we’ve got you.

YoForex – empowering traders worldwide, one free tool at a time.

Alt Text Suggestions (use on your images)

  1. “Equity curve of BKP EA V1 MT5 on EURUSD H1 showing steady growth.”
  2. “Risk-reward profile of BKP EA V1 MT5 across EURUSD, GBPUSD, and XAUUSD.”
  3. “BKP EA V1 MT5 input settings screen with safe profile highlighted.”

FAQ (Schema-friendly ideas)

  • Does BKP EA V1 MT5 use martingale or grid? No—linear exposure with true SL/TP.
  • Minimum deposit? $200+ recommended for 0.25%–0.5% risk per trade (ECN/Raw).
  • Best pairs/timeframes? EURUSD/GBPUSD (H1) for calm; XAUUSD (M15) for more frequency.
  • Prop-firm compatible? Yes—defaults aligned to typical DD rules.
  • Do I need a VPS? Strongly recommended for 24/5 uptime and lower latency.

Internal Links Recap:

External / Support Links:

Happy Trading