Tired of overpriced robots that promise the moon and… well, you know the rest? If you’ve been hunting for a serious MT5 Expert Advisor that doesn’t drain your wallet, you’re in the right place. Poverty Killer EA V1.0 MT5 is a free, high-frequency trading bot built for modern volatile markets. It’s crafted to be prop-firm friendly, tuned for low-spread brokers, and comes with simple, no-nonsense risk controls. And yes—it’s powered by the YoForex ethos: give traders real tools, not just hype.

Think of it as your always-on assistant; it won’t replace your brain (please don’t let any EA do that), but it will execute clean, repeatable logic without fatigue. If you’ve been scalping by hand or missing entries during news whipsaws, this EA aims to lock in those quick bursts while keeping risk tidy. Oh, and did we mention—it’s totally free on MQL5.software, coz we want accessibility, not barriers.

Overview

Poverty Killer EA V1.0 MT5 is a multi-pair, low-latency MT5 Expert Advisor designed to capture short-to-medium bursts of momentum on major FX pairs and gold. The core idea: blend simple, durable price-action triggers with volatility filters; then layer in strict trade management to avoid the classic martingale blow-ups. You’ll find a strong bias toward risk-containment—fixed stop-loss/TP templates, equity protection, and a per-symbol daily loss cap.

At its heart, the EA watches micro-structure shifts—think quick directional moves, impulsive candles, and volume surges—and deploys entries when spread, slippage, and recent volatility are in a sweet zone. If conditions get choppy (too wide spreads, news spikes, or sudden gaps), the engine steps back. We keep it boring where it matters: no martingale, no grid averaging, just a clean, rules-based execution flow.

Suggested instruments: XAUUSD (Gold), EURUSD, GBPUSD, USDJPY.
Recommended timeframes: M5–H1 (most users start on M15 or M30).
Suggested minimum deposit: $200–$300 for standard retail accounts (you can go smaller on cent accounts).
Leverage: Works from 1:100 upward; 1:200–1:500 preferred for scalping flexibility.
Account type: ECN/Raw-spread brokers recommended.

Key Features

  • Prop-firm consciousness: daily loss cap, news avoidance window, and equity guardrails.
  • No martingale, no grid: straightforward entries and exits; cleaner risk math.
  • Scalping logic with volatility filters: waits for tight spreads and valid impulsive moves.
  • Dynamic trade throttling: reduces frequency if spreads/slippage worsen.
  • 1–2% daily “soft” targets (optional): configurable, not a guarantee, just a budget.
  • Max drawdown guard: equity protection can close all trades if limits hit.
  • Multi-symbol engine: run it on XAUUSD, EURUSD, GBPUSD, USDJPY (and more with care).
  • Session awareness: optional Asia/EU/NY session filters for different market personalities.
  • Breakeven + trailing logic: lock profits early on momentum bursts.
  • Slippage and spread sentry: trades are rejected when conditions are poor.
  • Partial close option: scale out at predefined RR multiples.
  • Readable inputs: plain-English parameter names, sensible defaults.

Backtest Results & Proof

We ran multi-year tick-data backtests on EURUSD, GBPUSD, USDJPY, and XAUUSD, focusing on M15 and M30 to balance signal quality with trade frequency. Testing windows covered calm periods, risk-off shocks, and post-news volatility so we could see how the EA behaved when markets were, frankly, a bit nasty.

  • Equity curve shape leaned steadily upward on majors with shallow dips—no “hockey stick” spikes from dangerous position sizing.
  • Drawdown remained bounded when equity protection was enabled (typical ranges in our tests: single-digits to low teens; your mileage will vary).
  • Trade distribution was consistent: more trades during London/NY overlaps, fewer in Asia unless you purposely enable the session.
  • Win/loss clustering behaved sanely—no scary martingale-looking clusters because, well, there isn’t any martingale here.

How to Install & Configure

Step-by-step (MT5)

  1. Download the EA → Get Poverty Killer EA V1.0 MT5 from MQL5.software (link below).
  2. Copy to MT5 → Open MT5 → File → Open Data Folder → MQL5/Experts/ → paste the .ex5 or .mq5.
  3. Restart MT5 → or refresh the Navigator panel so the EA appears under Experts.
  4. Attach to chart → Drag Poverty Killer EA onto your chosen symbol/timeframe (e.g., XAUUSD M15).
  5. Enable AutoTrading → make sure the green AutoTrading button is ON.
  6. Recommended inputs →
  7. RiskPerTrade: 0.5–1.0% (start low)
  8. DailyLossLimit: 3–5% (prop-friendly)
  9. NewsFilterMinutesBefore/After: 30/30 (optional)
  10. MaxOpenTradesPerSymbol: 1–3 (beginners: 1)
  11. BreakevenAtRR: 1.0–1.2; TrailStartRR: 1.5; TrailStep: modest
  12. SessionFilter: On (London/NY), Off for 24/5
  13. SpreadLimit: strict for gold; slightly relaxed for majors
  14. Run on VPS → Choose a VPS near your broker’s server to cut latency.

Why Choose YoForex-Powered Tools?

YoForex has built a reputation on transparent, repeatable logic and free access policy—we want traders to test, break, and understand an EA before risking real money. Our products are iterated in public: you’ll find updates, setup guidance, and plenty of community chatter in our groups. No fluff, no mysterious “black box guru.” Just practical automation that respects risk and tries to keep you in the game longer than the average hype bot.

Want to know more about the team and philosophy?

Support & Disclaimer

If you hit any bug or need help with setup, ping us. We genuinely answer:

Disclaimer: Trading involves risk. Past performance is not a guarantee of future results. Use demo first, then scale up slowly. Configure equity protection and daily loss caps. By downloading or using this EA, you accept full responsibility for outcomes.

Call to Action

Ready to automate like a pro—without paying a dime? Grab your copy of Poverty Killer EA V1.0 MT5 now, it’s totally free on MQL5.software. Install it, run a week on demo, and if everything checks out, go live with small risk. And if you need help tuning settings for your broker, we’re a message away on WhatsApp or Telegram. Let’s keep it simple, safe(ish), and scalable.

Download: https://mql5.software/download/poverty-killer-ea-v1-0-mt5