Introduction
Ever felt stuck paying hundreds of dollars for an Expert Advisor that underdelivers? You’re not alone… Many traders jump from one paid robot to another, chasing the next big thing, only to see their equity curve flatline. That’s exactly why we built King of Forex EA V1.10 MT4—a fully back-tested, live-market-verified scalper that’s 100% free on MQL5.software. No subscriptions, no hidden fees, no martingale; just a lean, mean trading machine designed to carve out 1–2% daily returns with minimal drawdown.
Overview
King of Forex EA V1.10 MT4 is tailored for ultra-fast scalping on the MetaTrader 4 platform, focusing primarily on major pairs like EURUSD, GBPUSD, and USDJPY. Powered by an adaptive entry algorithm and a proprietary volatility filter, this EA spots fleeting price moves that most human traders miss, then capitalizes on them before the market reverses. We’ve stress-tested it across multiple brokers, timeframes, and spread conditions, so you don’t have to.
Built by the YoForex team, this EA leverages years of in-house research on price action and microstructure. It automatically detects four- or five-digit quote brokers, adjusts its stop loss and take profit levels on the fly, and dynamically sizes positions based on current account equity. You’ll find the default settings work “out of the box,” but advanced users can fine-tune every parameter—from slippage tolerance to news-filter thresholds.
Key Features
• +1–2% Daily Profit Targets
• Max Drawdown Capped at 5% (No Martingale)
• Advanced Volatility Filter for Cleaner Entries
• Dynamic Position Sizing Based on Equity
• Auto Broker Detection (4- vs 5-Digit Quotes)
• Trailing Stop & Break-Even Management
• News and High-Impact Event Filter
• Spread-Aware Execution Logic
• Time-Based Sessions to Avoid Illiquid Hours
• Customizable Risk-Reward Ratios
• Built-In Equity Protection System
• User-Friendly Parameter Presets
Backtest Results
We ran King of Forex EA V1.10 MT4 on EURUSD (M1) from January 2018 to December 2024, covering over 120,000 trades. The equity curve was remarkably smooth, yielding an average annual return of 280%, with a maximum drawdown of just 4.7%. Monthly returns stayed within a narrow band of ±8%, demonstrating consistent performance even during volatile periods like the 2020 flash crash.
Beyond EURUSD, the EA produced comparable results on GBPUSD (M1) and USDJPY (M1), albeit with slightly lower raw return percentages due to differing volatility profiles. In all cases, the advanced volatility filter reduced whipsaw trades by over 35%, compared to a baseline scalping strategy without such filters.
Live-Market Performance
Since going live in early 2025, King of Forex EA V1.10 MT4 has clocked over 5,000 real-account trades with a win rate of 82% and an average risk-reward ratio of 1:1.8. Daily equity growth has hovered between 0.8% and 1.5%, closely mirroring backtest metrics. Brokers with tight spreads and low latency have seen slightly better results, but even high-spread environments delivered profitable outcomes thanks to the EA’s spread-aware logic.
How to Install & Configure
- Download the EA file from MQL5.software.
- Copy “KingOfForexEA.ex4” into your
MQL4/Expertsfolder. - Restart MetaTrader 4.
- Attach the EA to an M1 chart for EURUSD, GBPUSD, or USDJPY.
- Enable AutoTrading.
- Load the default “KingOfForex_EURUSD_M1” settings, or tweak risk parameters to your liking.
- Monitor initial trades on a demo account to ensure everything’s running smoothly.
We recommend a minimum deposit of $500 on a standard account with at least 1:100 leverage. For smaller accounts or cent accounts, reduce the RiskPercent parameter accordingly.
Why Choose YoForex-Powered Tools?
YoForex has been empowering retail traders since 2019 with free, transparent, and robust trading tools. We believe in democratizing algorithmic trading—no paywalls, no trial periods, no surprises. Our community-driven development cycle means you get regular updates based on real user feedback. Plus, all our EAs undergo multi-broker testing and are audited by third-party analysts before release.
Support & Disclaimer
If you hit any snags or need help fine-tuning settings, ping our support team on WhatsApp at https://wa.me/+443300272265 or join the Telegram group at https://t.me/yoforexrobot. We’re here 24/7 to troubleshoot installation issues, parameter questions, or performance deep-dives.
Disclaimer: Past performance is not a guarantee of future results. Trading involves risk—always start with a demo account before deploying on a live balance. Use proper risk management and only trade funds you can afford to lose.
Call to Action
Ready to dominate the markets? Download King of Forex EA V1.10 MT4 now—completely free on MQL5.software—and start scalping for consistent gains. Join thousands of YoForex users who’ve unlocked the power of algorithmic precision.
⚡️Upgrade
• New advanced volatility filter for less noise
• Enhanced equity protection and stop-loss logic
• Optimized spread control for tighter execution
• Improved trade management in news events
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