Overview

Tired of paying $$$ for EAs that ghost your account the moment the market gets spicy? Same. BKP EA V1.0 MT4 is YoForex’s free, no-nonsense Expert Advisor for MetaTrader 4 that aims to keep things smart, steady, and transparent. It blends mean-reversion logic with trend confirmation (so you’re not fighting the tape), plus a few protective layers like spread filters, session filters, and equity protection. It’s a classic set-and-forget EA—switch it on, let it do its thing, and check results later without babysitting every candle.

Under the hood, BKP EA V1.0 MT4 scores high on risk management. You get configurable hard stop-loss, soft equity stops, and daily loss limits; no martingale, no dangerous grid pyramids, nothing that quietly blows up your account at 2 a.m. It’s also prop-firm-friendly (FTMO, MFF, Funding Pips, etc.)—we’ve tuned the default risk profile to respect typical daily and overall drawdown rules.

Best use cases? Classic majors and gold: EURUSD, GBPUSD, XAUUSD on M5–H1. If you prefer calmer flows, go H1 on EURUSD/GBPUSD; if you’re after more action, M5/M15 on XAUUSD with broker spreads under 25–35 points is decent. Works with ECN/Raw accounts, and a decent VPS helps execution. It’s YoForex-built, fully back-tested, and live-verified—and yep, 100% free on MQL5.software coz we like giving traders a fair shot, no paywall drama.

Key Features

  • Hybrid Strategy Engine – Mean-reversion entries with trend filter confirmation; avoids catching falling knives.
  • Strict Risk Controls – Real SL/TP on every order; optional daily loss cut, equity stop, and “max open trades” guardrail.
  • No Martingale / No Grid – Clean, linear exposure with controlled position sizing.
  • Smart Money Management – Fixed lot or % risk per trade; adaptive step to account growth.
  • Session & News Aware – Optional session filter (skip low-liquidity hours) and news-pause toggle (manual or via external input).
  • Spread & Slippage Filters – Blocks bad fills during spikes or poor liquidity.
  • Prop-Firm Ready – Default risk profile tailored for FTMO-style rules.
  • Multi-Pair Support – EURUSD, GBPUSD, XAUUSD recommended; works on other majors after a short forward test.
  • Drawdown Cap – Optional per-day and per-week caps; trading halts when limits are reached.
  • Fast Setup – 60-second installation, beginner-friendly parameter names, presets included.
  • Detailed Logging – Clear trade reason codes for easy auditing and optimization.
  • VPS-Friendly – Low CPU/memory footprint; stable on long runs.

Backtest Results & Proof

We ran long-range backtests with high-quality tick data and variable spreads to keep things real. Here’s a typical outcome (illustrative results, not a guarantee):

  • Period: Jan 2019 – Aug 2025
  • Pairs: EURUSD (H1), GBPUSD (H1), XAUUSD (M15)
  • Initial Balance: $1,000
  • Model: Tick-based with variable spread & commissions
  • Risk: 0.5%–1% per trade (default preset)

Aggregate Highlights (multi-symbol portfolio):

  • Net Return: +220% to +340% (depending on symbol mix and slippage assumptions)
  • Max Drawdown: 7%–11% (equity)
  • Win Rate: 62%–71%
  • Avg. R:R: ~1.25 : 1
  • Trade Frequency: 2–6 trades/day across all three symbols

On forward demo with an ECN broker (90 days, XAUUSD + EURUSD on default risk):

  • Return: +14.8%
  • DD Peak: 5.1%
  • Avg. trades/day: 1.8

  • Notes: Skips most news spikes due to spread filter; smooth curve with shallow dips.

How to Install & Configure (Step-by-Step)

1) Download the EA
Grab BKP EA V1.0 MT4 from MQL5.software:
➡️ Download: https://mql5.software/download/bkp-ea-v1-0-mt4

2) Copy to MT4 folders
Open MT4 → File → Open Data Folder → MQL4/Experts/ → paste BKP_EA_V1_0.ex4.

3) Restart MT4
Close and re-open MT4 so the EA loads.

4) Attach to chart
Open EURUSD H1 (or your chosen pair/timeframe), then from Navigator → Expert Advisors, drag BKP EA V1.0 onto the chart.

5) Enable trading
Tick “Allow live trading” in the EA inputs and ensure the AutoTrading button is green.

6) Recommended starter settings (safe profile)

  • Risk_Percent: 0.5 (0.5% per trade)
  • Max_Open_Trades: 3
  • Use_Equity_Stop: true (Daily_Equity_Stop = -2.0%)
  • TP_Points / SL_Points: pre-tuned per symbol; keep defaults for 2 weeks
  • Max_Spread: 20 (EURUSD/GBPUSD); 35 (XAUUSD)
  • News_Pause: Manual (toggle off 15–30 min before high-impact news)
  • MagicNumber: unique per chart if you run multiple instances
  • CommentTag: BKP_V1 (helps tracking)

Why Choose YoForex-Powered Tools?

Because you want tools that are tested, transparent, and free. YoForex builds EAs for traders first: clean logic, real risk controls, and documentation that doesn’t hide anything. BKP EA V1.0 MT4 follows the same ethos—simple to run, sensible by default, and robust enough for long sessions on a VPS.

Explore more YoForex-powered tools on MQL5.software:

YoForex’s mission is simple: empower traders with free, pro-grade automation—and keep improving it with community feedback and updates.

Support & Contact

If you hit any snag—installation, presets, broker choice—just ping us. We actually reply 🙂

Disclaimer: Trading involves risk. Past performance is not a guarantee of future results. Always test on a demo before going live. Use capital you can afford to risk, and stick to a written plan. If your broker jacks spreads during news, either pause trading or widen filters cautiously.

Call to Action

Ready to add a steady, low-maintenance EA to your toolbox? Grab BKP EA V1.0 MT4 now—it’s totally free and battle-tested by YoForex. Install it in minutes, start on a demo, and scale at your pace. Need help? WhatsApp or Telegram us anytime, we’ve got your back.

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

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BKP EA V1.0 MT4—free, low-risk YoForex robot. Clean entries, tight risk, prop-firm friendly. Download now.

FAQ (schema-friendly prompts)

  • Does BKP EA use martingale or grid? No—fixed exposure with true SL/TP on every trade.
  • 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 higher frequency.
  • Prop-firm compatible? Yes—default risk aligns with common daily/overall DD limits.
  • Do I need a VPS? Recommended for 24/5 uptime and lower latency.

Internal Links (MQL5.software)

External / Support Links

Happy Trading