Introduction

Tired of robots that promise the moon but never deliver? If you’re fed up with EAs that drain your account instead of boosting profits, Monopolist EA V1.1 MT4 might be the free solution you’ve been looking for. Developed by the YoForex team, this no-cost EA for MetaTrader 4 is designed to automate your trades with surgical precision, harnessing proven trend-following algorithms and dynamic risk management. Whether you’re new to automated trading or a seasoned veteran, the Monopolist EA takes the guesswork out of trade execution, letting you sit back while it hunts profitable setups across major forex pairs. It’s fully back-tested over historical tick data and verified in live-market conditions, so you know what you’re getting from day one. Plus, did we mention it’s completely free? Download it on MQL5.software and see how it stacks up against premium alternatives. Join the growing community of traders who’ve already installed Monopolist EA V1.1 and share your results. With zero subscription fees and no hidden costs, this EA is set to become the go-to tool for traders seeking a reliable edge in the forex market.

Overview

Monopolist EA V1.1 MT4 is a trend-based Expert Advisor that focuses on capturing quick, reliable moves in the forex market. Unlike grid or martingale systems that can expose you to catastrophic drawdowns, Monopolist EA uses a single-entry strategy combined with tailored stop-loss and take-profit levels to lock in gains and limit risk… It works seamlessly on MT4, supporting popular pairs like EUR/USD, GBP/USD, and USD/JPY in M1 and M5 timeframes. Traders don’t have to fiddle with dozens of inputs—a handful of easy-to-adjust parameters lets you customize risk profiles on the fly. With its lightweight codebase and optimized execution, it won’t bog down your MT4 terminal or interfere with other indicators you might be running simultaneously. The built-in risk-per-trade slider and magic-number assignment ensure that multiple instances can run without conflict, letting you test different settings side by side. And if you’re brand new to EAs, check out our Getting Started with EAs guide. Looking to diversify? Explore the Galaxy Gold Scalper V3.0 MT5 or the Dynamic Pulse Pro Indicator MT4 on the same platform.

Monopolist EA V1.1

Key Features

  • 1–2% average daily profit targets on major pairs

  • Max drawdown capped at 5% to protect capital

  • No martingale, grid or risky layering—pure trend-following

  • Compatible with EUR/USD, GBP/USD, USD/JPY, and other majors

  • Flexible timeframe support: optimized for M1 and M5

  • Built-in dynamic lot sizing based on account balance

  • Advanced SL/TP management with customizable trailing stops

  • Auto news filter to skip high-volatility events

  • Code optimized for fast execution and low latency

  • Backtest-ready with easily adjustable parameters

  • Free lifetime updates and dedicated support on WhatsApp & Telegram

Monopolist EA V1.1

Backtest Results

The YoForex QA team ran an extensive backtest from January 2015 to December 2024 on EUR/USD with 99% tick-data fidelity. Monopolist EA V1.1 MT4 delivered a smooth equity curve with a compound annual growth rate (CAGR) of 48%, while keeping max drawdown at just 4.8%. (Image #1: Backtest equity curve screenshot – alt text: “Equity curve of Monopolist EA V1.1 on EUR/USD, 2015–2024”) In our setup, the EA traded a 0.02-lot base on a $1,000 account, using an ECN broker model (0.1-pip spread, 0.01-pip commission) and 2-pip slippage to mimic real-world conditions. Over 120 months, it executed 2,350 trades with a 63% win rate and an average holding time of 45 minutes per trade. The equity curve remained stable during major events like Brexit and the COVID-19 crash, thanks to the integrated news filter. We also charted risk vs. reward across 1,000+ trades, showing most trades landing in the 1:1 to 1:2 reward zone. (Image #2: Risk vs reward infographic – alt text: “Risk vs reward scatter plot for Monopolist EA with drawdown vs returns”) Live-market verification on a demo account in Q1 2025 maintained these metrics with no negative surprises, proving the strategy’s robustness under real trading conditions.