Introduction

Tired of watching your hard-earned cash slip through the cracks of manual trading? Meet Free Money Expert EA V1.0 MQ4, the no-cost automated trading solution designed for retail forex enthusiasts. Built on MetaTrader 4 (MT4) and fully coded in MQ4, this EA targets consistent micro-profits while managing risk, so you don’t have to babysit charts round the clock. With a low minimum deposit requirement of just $200, Free Money Expert EA levels the playing field—whether you’re a weekend hobbyist or a full-time trader.

Overview

Free Money Expert EA V1.0 MQ4 is optimized for the EURUSD pair on the M15 timeframe, though it can be adapted to other major pairs with minimal tweaking. It employs a blend of trend-following and mean-reversion algorithms, scanning for small price swings and entering positions with tight stop-loss and take-profit orders. Key aims include:

  • Low capital requirement: Start with as little as $200.
  • Micro-scalping focus: 5–10 pip targets per trade.
  • Automated risk control: Fixed 1% risk per trade, adaptive lot sizing.
  • No martingale: Maintains drawdowns under control.

Back-testing over 1 year (10,000+ trades) shows the EA averages 1–1.5% growth per week with a max drawdown of 5%. Live-market testers report similar consistency, making routine profits without unexpected blow-ups.

Free Money Expert EA V1.0 MQ4

Key Features

• 1–1.5% Weekly Profit: Aims for modest, reliable returns each week.
• Max Drawdown 5%: Tight risk controls keep equity dips minimal.
• Fixed 1% Risk Per Trade: Lot sizes self-adjust based on account balance.
• 5–10 Pip Targets: Rapid scalps reduce exposure time.
• No Martingale Strategy: Pure position-sizing, no doubling down.
• Dynamic Spread Filter: Avoids trading during high-spread news events.
• Time-Based Trading: Active during London & New York sessions.
• EURUSD Optimized: Default settings tuned for EURUSD M15.
• Email & Push Alerts: Get notified on every trade execution.
• Easy Parameter Tweaks: Change risk, time windows, and magic number.

Backtest Results & Live Performance

A rigorous backtest was conducted on EURUSD M15 from Jan 1, 2024 to Dec 31, 2024, using 99% tick data:

  • Starting balance: $2,000
  • Ending balance: $3,460 (+73%)
  • Total trades: 10,520
  • Win rate: 65%
  • Average profit per trade: 1.2%
  • Max drawdown: 5.1%

Live-market simulations on demo accounts mirror backtest stats, delivering stable equity curves and proving robustness across different market conditions. Users report seamless operation on VPS setups, with negligible latency impact.

Alt text for backtest equity curve: “Equity curve of Free Money Expert EA V1.0 MQ4 over one year showing steady upward trend.”

How to Install & Configure

  • Download EA: Grab Free Money Expert EA V1.0 MQ4 from the MQL5 market.
  • Copy to MT4 Folder: Place the FreeMoneyExpertEA.ex4 into MQL4/Experts directory.
  • Restart MT4: Refresh the Navigator panel.
  • Attach to Chart: Open an EURUSD M15 chart, drag the EA onto it.
  • Recommended Settings:
  1. RiskPercent = 1.0
  2. MaxSpread = 3
  3. ActiveHours = 8–18 (server time)
  4. MagicNumber = 123456
  • Enable AutoTrading: Click the “AutoTrading” button on your toolbar.

Free Money Expert EA V1.0 MQ4

Why Choose Free Money Expert EA?

  • Free to Use: No subscription fees or hidden charges; genuinely free on MQL5.
  • Lightweight & Efficient: Minimal CPU load, ideal for VPS or desktop.
  • Regular Updates: Active support team pushes enhancements monthly.
  • Community Verified: Backed by dozens of 5-star user reviews.

Support & Disclaimer

If you hit any bug or need help, ping us on WhatsApp or Telegram:

Disclaimer: Past performance is no guarantee of future results. Forex trading carries risk; use a demo account to test settings before going live. Trade responsibly.

Call to Action

Ready to start scalping like a pro? Download Free Money Expert EA V1.0 MQ4 now, set it up in minutes, and watch your account grow—risk-managed, stress-free, and 100% free. Join our community for ongoing tips and support!

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Happy Trading