Overview  :  Funded Firm EA V1 MT4 is a risk-first, rules-aware Expert Advisor for MetaTrader 4. It targets consistent, modest gains that align with the pass criteria for prop-firm challenges—think: avoid equity cliffs, maintain stable equity curves, and control exposure during news events and spreads. It’s not trying to double your account in a week. Instead, it pursues controlled daily objectives and tight drawdown, with a focus on not breaking prop-firm rules (c’mon, that’s the point, right?).

Under the hood, the EA blends trend-bias detection with pullback-based entries and volatility filters. Trade frequency scales with market conditions—quiet sessions mean fewer trades; high-volatility windows mean more opportunities, but with spread and slippage checks. Core logic is event-aware: spreads too wide? It sits out. Volatility spikes beyond the configured ATR? It reduces size or halts new entries. No drama.

YoForex powers the stack here, so you get clean presets, safety constraints, and ongoing updates based on real trader feedback. The EA is free on MQL5.software, with an optional library of presets for EURUSD, GBPUSD, XAUUSD, and USDJPY. You’ll also find a beginner-friendly guide and a support crew that answers on WhatsApp and Telegram when you’re stuck (we’ve all been there).

Key Features

  • Prop-Firm Aware Risk: Daily loss and overall drawdown governors baked-in; configurable to match FTMO-style rules.
  • No Martingale, No Reckless Grid: Position sizing is linear (or semi-elastic); recovery is rule-bound, not “send it.”
  • Volatility & Spread Filters: Avoids trades during abnormal spreads, low-liquidity gaps, or extreme ATR spikes.
  • Smart Session Control: Bias for London/NY overlap; optional Asian session throttle to minimize chop.
  • News-Aware Pauses: Optional manual time-based halt around red-flag news windows (NFP, CPI, FOMC).
  • Dynamic Stop/TP Logic: ATR-scaled stops with partial-close options; breakeven shift after initial RR target.
  • Daily Profit Target Mode: Auto-stop for the day once your target is hit (e.g., 1%—you choose).
  • Capital Protection: Equity curve watchdog prevents new entries when drawdown hits your guardrail.
  • Multi-Pair Friendly: Works on majors and XAUUSD; presets included for EURUSD & XAUUSD to start.
  • Hedging-Optional: If your broker allows hedging, light offsetting rules reduce net exposure during chop.
  • Broker-Agnostic: Designed to behave on most ECN/STP brokers; low-spread recommended.
  • Detailed Logging: You’ll actually understand why a trade was taken (or skipped).

Backtest Results & Proof

  • Symbol/TF: EURUSD H1
  • Model: Every tick
  • Period: 24 months, mixed volatility cycles
  • Risk: 0.5–1.0% per setup (adaptive)
  • Average Monthly Return: 4–8% (targets scaled with volatility)
  • Max Drawdown: within typical prop-firm thresholds when using the included presets
  • Trade Count: Moderate; increases during sustained trends, throttled during rangebound weeks

On XAUUSD, performance depends heavily on spread/latency. With a reputable low-spread broker and the M15 preset, the EA demonstrated consistent partial win stacking—multiple small wins, quick scratch trades, and occasional runners during trend days. The daily stop once profit target hit prevented give-back… which, frankly, is what helps you keep challenge progress.

How to Install & Configure

Step-by-step (MT4):

  1. Download the EA from MQL5.software (link below).
  2. Open MetaTrader 4 → File → Open Data Folder → MQL4 → Experts.
  3. Paste the Funded Firm EA V1.ex4 file.
  4. Restart MT4. In Navigator → Expert Advisors, drag Funded Firm EA V1 MT4 onto your chart.
  5. Allow live trading and DLL imports if prompted.
  6. Load a preset: start with EURUSD-H1-Conservative.set or XAUUSD-M15-Balanced.set.
  7. Set Daily Loss Limit, Overall Drawdown Guard, and Daily Profit Target to align with your prop-firm rules.
  8. (Optional) Define News Pause Windows around major events—CPI, NFP, FOMC—using the EA’s time-filter inputs.
  9. Click OK, enable AutoTrading, and monitor the first few sessions.

Why Choose YoForex-Powered Tools?

Because we ship free, usable software first; hype comes second. YoForex has been building, testing, and supporting retail algo traders for years. We believe in transparent presets, fast support, and iterative updates based on real accounts. That’s why Funded Firm EA V1 MT4 lives on MQL5.software—so you get frictionless access, internal guides, and quick updates. You’ll also find plenty of beginner resources, from platform setup to risk templates, maintained by a team that… picks up the phone (well, WhatsApp).

Support & Contact

Got stuck? Found a bug? Need a preset for your exact prop challenge? Hit us up—we actually respond.

Disclaimer: Trading involves risk. Past performance does not guarantee future results. Use demo before going live. Prop-firm rules vary—configure the EA to your firm’s exact requirements. You’re responsible for compliance, execution, and risk decisions.

Download

Download (Free) on MQL5.software:
https://mql5.software/download/funded-firm-ea-v1-mt4

Internal Links (Helpful Reads on MQL5.software)

Suggested Settings & Tips (Quick Notes)

  • Timeframe: Start with H1 for majors; M15/H1 for XAUUSD.
  • Pairs: EURUSD, GBPUSD, XAUUSD, USDJPY.
  • Risk: 0.25–0.5% per trade for conservative prop runs; daily stop when target reached.
  • Daily Target: 0.8–1.2% is sensible; more is possible but increases stress on rules.
  • News Windows: Halt 15–30 min before and after high-impact releases.
  • Broker: ECN with low spreads, fast execution; VPS recommended.

FAQ (Schema-Friendly)

Q1: Is Funded Firm EA V1 MT4 really free?
Yes, it’s free on MQL5.software. No hidden paywalls for the base EA.

Q2: Will this help me pass FTMO/MyForexFunds challenges?
It’s designed with prop-firm constraints in mind—daily loss, max drawdown, and risk control. That said, results vary; you must configure it to your firm’s exact rules.

Q3: Does it use martingale or grid?
No martingale. Grid is disabled by default; optional micro-scales can be enabled but are risk-limited.

Q4: Which pairs and timeframes work best?
Start with EURUSD H1 and XAUUSD M15/H1 using the included presets, then fine-tune.

Q5: Can I use it on a personal account?
Absolutely. The same risk logic helps personal accounts avoid drawdown cliffs.

Q6: Do you provide presets?
Yes—EURUSD, GBPUSD, XAUUSD, and USDJPY baseline presets are included or available via support.

Q7: Is there news filtering?
Use the time-filter input to pause trading around news; we prefer manual windows to keep things robust.

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Free prop-firm EA for MT4 with strict drawdown controls. Pass challenges smarter, not riskier.

Call to Action

Ready to try it? Grab your copy now—it’s totally free. Install, load a preset, forward-test on demo, then take aim at your next challenge with calmer risk control. And if anything feels off… message us on WhatsApp or join the Telegram group—we’ll help you tune it in minutes.

Download: https://mql5.software/download/funded-firm-ea-v1-mt4
WhatsApp: https://wa.me/+443300272265
Telegram: https://t.me/yoforexrobot

Happy Trading