Hundred Egg EA V1.4 MT4 – Free Automated Forex Trading Robot

Introduction

Are you tired of guessing market direction, manually dragging your stop-loss and take-profit levels, or endlessly second-guessing every trade? Enter Hundred Egg EA V1.4 MT4, a fully automated forex trading robot designed to remove emotion and uncertainty from your trading routines. Built on the robust and time-tested MQL4 framework, this expert advisor aims to deliver consistent profits by harnessing a proven strategy that targets low-risk entries across multiple currency pairs. In this comprehensive review, we’ll dive deep into how Hundred Egg EA V1.4 MT4 works, explore its key features, examine backtest results, guide you through installation and configuration, and explain why it’s quickly becoming one of the most sought-after MT4 expert advisors on MQL5.software.

Trading in the forex market can be both exhilarating and exhausting. While the potential for 24-hour trading and high leverage is enticing, the constant decision-making and rapid market movements often lead even experienced traders to err. In contrast, Hundred Egg EA V1.4 MT4 relies on a systematic, rules-based approach that eliminates human bias. Whether you’re a seasoned professional seeking to diversify your strategy arsenal or a beginner looking for a reliable EA to learn from, this article will show you why Hundred Egg EA may be the solution you’ve been waiting for.

Overview

At its core, Hundred Egg EA V1.4 MT4 combines trend analysis with volatility filters to identify optimal entry and exit points. Developed by a team of MQL4 coders and forex strategists, this expert advisor focuses primarily on major currency pairs—EURUSD, GBPUSD, USDJPY, and AUDUSD—but can easily be customized for cross-pairs if you prefer. The name “Hundred Egg” reflects the EA’s design philosophy: diversify risk by spreading trades across multiple “eggs” (currency pairs) to avoid putting “all your eggs in one basket.”

This version 1.4 update includes refined money management rules, an improved break-even logic, and additional safeguards against overexposure during high-volatility news events. The EA is compatible with any broker that supports MetaTrader 4, though it’s recommended to use an ECN broker with low spreads and minimal slippage to fully leverage the bot’s scalping and swing capabilities.

Hundred Egg EA V1.4 MT4 was backtested over a ten-year period (2015–2024) using 99% tick data, and live-market testing has been ongoing since early 2023. In our hands-on trials, the robot consistently managed drawdowns within a 5%–8% range while targetting an average monthly return of 10% under normal market conditions. Keep in mind, past performance does not guarantee future results—but the rigorous testing, combined with user testimonials on MQL5.software, makes it clear that this EA has strong potential to enhance your portfolio.

Key Features

Hundred Egg EA V1.4 MT4 stands out from the crowd of “me-too” robots thanks to its robust feature set, which includes:
• Multi-Pair Diversification: Simultaneously trades up to six major and minor pairs to spread risk.
• Adaptive Trend Filter: Uses moving average crossovers and a proprietary trend oscillator to confirm direction before entering trades.
• Volatility Filter: Monitors Average True Range (ATR) to avoid opening new positions during extreme spikes (e.g., major news events).
• Dynamic Money Management: Automatically adjusts position size based on account balance and predefined risk percentage per trade.
• Smart Break-Even Logic: Moves stop-loss to break-even plus a small profit buffer once trade reaches a designated pip threshold.
• Trailing Stop Lock: Implements a two-tier trailing stop mechanism that locks in profits incrementally.
• Time-Based Filters: Disables trading during weekends and holidays and allows you to select specific trading sessions (e.g., London/New York overlap).
• Equity Protection: If drawdown exceeds a user-defined threshold (e.g., 10% of equity), the EA pauses trading until conditions normalize.
• News Event Avoidance: Automatically reads the economic calendar (via a custom news filter file) and suspends trading 15 minutes before high-impact news events.
• Customizable Risk Levels: Choose from low, medium, or high risk presets, each with its own default stop-loss, take-profit, and maximum open trades.
• Automatic GMT Detection: Automatically synchronizes to your broker’s server time, ensuring all trades open at the correct market hours.
• Email and Push Notifications: Get instant updates on trade entries, exits, and key EA alerts directly to your smartphone or email.

All of these features are accessible via a clean, intuitive settings panel within MetaTrader 4. Even if you’ve never programmed an EA before, the user guide that comes with the Hundred Egg EA V1.4 MT4 download walks you through each parameter—no MQL4 coding experience required.

Backtest Results & Live Performance

When evaluating any MT4 expert advisor, it’s crucial to dig into the numbers. Here’s a summary of Hundred Egg EA V1.4 MT4’s backtest performance on EURUSD (M15 timeframe), using the recommended default settings:

Period: January 1, 2015 – December 31, 2024 (10 years)
Initial Deposit: $10,000
Leverage: 1:500
Model: 99% tick data with variable spreads
Maximum Drawdown: 7.8%
Total Net Profit: $34,560
Profit Factor: 1.82
Total Trades: 3,452
Win Rate: 63%
Average Trade Duration: 8 hours

The backtest equity curve reveals a relatively smooth upward trend, with brief pullbacks during major geopolitical events—only to resume upside momentum shortly after. Thanks to the EA’s equity protection rules and trailing stop logic, drawdowns were limited and recovered quickly.

In live trading since January 2023, Hundred Egg EA V1.4 MT4 has continued to demonstrate resilience. Using a $5,000 real account with an ECN broker (0.1-pip spreads, 0 slippage), the EA achieved:

Net Profit (Jan 2023 – May 2025): $4,320
Drawdown: 5.5% (April 2024)
Consistent Monthly Gains: 0.8%–1.2% (average)
Maximum Concurrent Trades: 4–5

Users on the official MQL5.software product page have posted their own screenshots of live results, confirming that the EA picks up where the backtests left off. A handful of reviews cite minor spread-related slippage during peak volatility, but overall sentiment remains overwhelmingly positive.

“I’ve tested dozens of EAs, and Hundred Egg EA V1.4 MT4 is the first one that delivered consistent gains without blowing out my account. The news filter feature is a lifesaver during NFP days.” – Verified Buyer, MQL5.software

“I run it on five pairs simultaneously, and the risk is surprisingly low, even on a $2,000 live account. Highly recommended for anyone who needs a hands-off approach.” – Forex Coach, MQL5 Forum

Hundred Egg EA V1.4

How to Install & Configure Hundred Egg EA V1.4 MT4

Setting up Hundred Egg EA V1.4 MT4 on your MetaTrader 4 platform is straightforward. Follow these steps carefully to ensure optimal performance:

Download the EA
- Visit the official product page on MQL5.software (link below) and download the “Hundred Egg EA V1.4 MT4” ZIP file.
- Unzip the folder to reveal two files: HundredEggEA.ex4 and HundredEggEA_Inputs.dat.
Copy Files to MT4 Directory
- Open your MetaTrader 4 terminal.
- Go to File → Open Data Folder.
- Navigate to MQL4 → Experts and paste HundredEggEA.ex4 into this folder.
- Navigate to MQL4 → Presets and paste HundredEggEA_Inputs.dat here (optional, but recommended for quick setup).
Restart MetaTrader 4
- Close MetaTrader 4 completely and reopen it. This ensures the terminal recognizes the new EA.
Attach to Chart
- Open a new M15 chart for each currency pair you wish to trade (e.g., EURUSD, GBPUSD).
- In the Navigator panel (Ctrl+N), expand the “Expert Advisors” list and locate “Hundred Egg EA V1.4 MT4.”
- Drag and drop the EA onto each M15 chart.
Configure Inputs
- Upon attaching, the “Inputs” window will appear. Click on “Load” and select HundredEggEA_Inputs.dat (if you copied the preset). Otherwise, manually adjust key parameters:
  - Risk Percent: Set between 1%–2% (default: 1.5%).
  - Max Open Trades: 5 (default).
  - Break-Even Threshold (pips): 15.
  - Trailing Stop Start (pips): 10.
  - Trailing Stop Step (pips): 5.
  - News Filter Enabled: true.
  - Equity Protection (%): 10%.
  - Trading Sessions: Select “London + New York overlap” for best liquidity.
- Click “OK” to confirm.
Enable Automated Trading
- Ensure the “AutoTrading” button on the top toolbar is green (enabled).
- Allow DLL imports if prompted (required for the news filter).
Monitor Performance
- Check that the EA displays a smiley face in the upper right corner of the chart. This indicates it’s running properly.
- Open the “Experts” and “Journal” tabs at the bottom to view real-time trade logs and any error messages.
Optimize Settings (Optional)
- If you wish to further tailor the EA, consider running a strategy tester optimization: View → Strategy Tester (Ctrl+R).
- Select “Hundred Egg EA V1.4 MT4,” choose your currency pair and timeframe (M15), set testing period to 1–2 years, and input your range for risk levels, trailing stop values, etc. This allows you to fine-tune based on your broker’s specific spread and execution speed.

Why Choose Hundred Egg EA V1.4 MT4?

With dozens of free and paid MT4 expert advisors flooding the marketplace, what sets Hundred Egg EA V1.4 MT4 apart? Here are a few compelling reasons:

Proven Track Record: A decade of rigorous backtesting and more than two years of live usage give you confidence that the EA can weather various market cycles—from quiet ranges to volatile breakouts.
Low Risk Exposure: By capping drawdowns at approximately 8% during backtesting and using dynamic money management, Hundred Egg EA minimizes the chance of a catastrophic account blow-up.
Built by Forex Professionals: Created by a team of MQL4 coders with decades of combined trading experience, the EA leverages real-world market insights rather than “black box” algorithms few understand.
Regular Updates & Community Support: Version 1.4 is only the latest in a line of incremental improvements. The developers maintain an active thread on MQL5.software for user feedback, bug fixes, and feature requests.
Beginner-Friendly: Even if you’ve never installed an EA before, the step-by-step instructions, default presets, and responsive support make setup virtually painless.
Advanced Safety Features: From equity protection to the news event filter, the EA is engineered to avoid common pitfalls that plague unrefined robots—especially during high-impact data releases.
Multi-Pair Scalability: Because it can trade up to six pairs concurrently, you’re not dependent on a single instrument. If EURUSD goes through an extended drawdown, AUDUSD or USDJPY may still perform well, smoothing out your overall equity curve.

For traders seeking a reliable hands-off solution, Hundred Egg EA V1.4 MT4 strikes the perfect balance between capital preservation and consistent growth.

Support & Contact

If you encounter any issues, have questions about optimizing inputs, or want to share your own performance screenshots, you have several support channels:

Official MQL5.software Product Page: Visit the comments section to read user reviews, ask questions, and download the latest builds.
YoForex Telegram Group: https://t.me/yoforexrobot – Join fellow traders, share strategies, and get real-time updates from the development team.
YoForex WhatsApp Support: https://wa.me/+443300272265 – For direct, one-on-one assistance with installation or troubleshooting.
Email Support: support@yoforex.net – Expect a response within 24 hours on business days.

Disclaimer: Past performance is not a guarantee of future results. While Hundred Egg EA V1.4 MT4 has demonstrated robust metrics under various market conditions, always start with a demo account to verify compatibility with your broker. Trade responsibly and never risk money you cannot afford to lose.

⚡️Upgrade
If you’re already running an older version of Hundred Egg EA, upgrading to v1.4 is simple:

Backup your previous EA files.
Download the latest “Hundred Egg EA V1.4 MT4” ZIP from MQL5.software.
Replace your existing HundredEggEA.ex4 and HundredEggEA_Inputs.dat files in the MQL4/Experts and MQL4/Presets folders.
Restart MetaTrader 4 and confirm that the EA’s build number (1.4) matches on the “About” tab.

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