Tired of shelling out hundreds of dollars on robots that overpromise and underdeliver? You’re not alone. Most so-called “premium” EAs cost a fortune, yet they often blow up your account faster than you can say “stop loss.” Well, that ends today. Meet the EU Range Phantom EA V1.0—a completely free range-trading solution from YoForex, designed to mine consistent pips in Europe’s calmest hours, without martingale, without crazy risk, and without breaking the bank.

Built and rigorously back-tested by the YoForex team, this MT4 expert advisor locks in profits in tight EUR/USD—and it’s just a click away on MQL5.software. Read on to discover why range trading never felt so easy, coz this little phantom might just become your favorite trading buddy.

Overview

EU Range Phantom EA V1.0 is an MT4 expert advisor that excels during the European session’s low-volatility periods. Instead of chasing breakouts or martingale ru—strategies, it zeroes in on well-defined price ranges on EUR/USD (M15), snapping up small but frequent wins.

  • Developed by YoForex’s quant team, it’s fully back-tested on tick data from January 2020 to April 2025, proving its edge across multiple market regimes.

  • Live-market verification on demo accounts confirms stability and a drawdown cap under 5%.

  • No fancy indicators to fiddle with—just clean range boundaries and timely entries.

Whether you’re a total beginner or a seasoned pro looking for a reliable “set-and-forget” tool, EU Range Phantom EA V1.0 delivers. If you want to dive deeper into MT5 EA basics, check out our Beginner’s Guide to MT5 Expert Advisors for step-by-step tutorials.

EU Range Phantom EA​ V1.0

Key Features

• +1% to +2% average daily return on EUR/USD, during European hours
• Max drawdown capped at 4% (no martingale, no grid)
• Precision entry/exit based on ATR-filtered range breakout
• Dynamic SL/TP adjustments based on live volatility
• Auto-scaling lot size to risk 1% per trade
• Built-in news filter to avoid high-impact events
• No repaint signals—transparent logic, you see exactly why it trades
• Supports both hedged and netted accounts
• Optimized for low-latency brokers, but works broadly
• Light CPU footprint—runs smoothly alongside other EAs
• Full parameter control for advanced users
• Free lifetime updates via YoForex Git repository

If you’re curious how a more aggressive variant works, you might also like our Range Breakout Pro EA V2.0, but for steady compounding, the EU Range Phantom EA V1.0 is hard to beat.

Backtest Results & Proof

In our extensive backtests on EUR/USD M15 from Jan 2020 to Apr 2025, the EU Range Phantom EA V1.0 delivered:

  • Total net profit: + 1,250%
  • Max drawdown: 3.8%
  • Profit factor: 2.45
  • Total trades: 5,432

The equity curve displays a remarkably smooth upward slope, with only shallow dips—ideal for traders who hate nail-biting. Live-demo results align closely, averaging +1.5% monthly, proving consistency across real-time spreads and slippage.

(Image #1): Backtest Equity Curve Screenshot
(Image #2): Risk vs. Reward Infographic

For more on how backtests work, see our article on Best Practices for EA Backtesting.

EU Range Phantom EA​ V1.0

How to Install & Configure

  1. Download the EA
    Grab your free copy here:
    https://mql5.software/ea/eu-range-phantom-v1.0/download

  2. Copy to MT5
    Paste the EU_Range_Phantom.ex5 file into:
    MQL5/Experts/

  3. Attach to Chart

  • Open EUR/USD M15
  • Drag “EU Range Phantom EA V1.0” onto the chart
  • Enable AutoTrading

  1. Recommended Settings

    • Risk_Per_Trade = 1%

    • ATR_Multiplier = 1.5

    • Max_Trades = 1

    • News_Filter = true

    • Trading_Hours = 07:00–16:00 (server time)

(Image #3): Annotated MT4 Settings Panel

  1. Go Live (on Demo First!)
    Always test on a demo before switching to real money.

Why Choose YoForex-Powered Tools?

YoForex has been empowering traders since 2020 with reliable, 100% free EAs and indicators that actually work. Our in-house quant team obsessively tests strategies across years of tick data, then fine-tunes live-market performance. No shady funnels, no upsells—just transparent, battle-tested tools that you’ll love. We also push updates every quarter, so you’re never left behind as markets evolve.

EU Range Phantom EA​ V1.0

Support & Contact

Hit a snag? We’ve got your back!

Disclaimer: Past performance is not a guarantee of future results. Trading carries risk, so always demo-test before going live. Use proper money management and never risk more than you can afford to lose.

Call to Action

Ready to conquer the EUR/USD range? Download EU Range Phantom EA V1.0 now—totally free on MQL5.software—and start compounding consistent pips. Don’t wait, coz every trading edge counts. Grab your copy today and join hundreds of traders who trust YoForex tools!

 

Happy Trading