ForexYields EA MT4 with Setfiles

What is ForexYields EA MT4?

ForexYields EA MT4 is an automated trading system specifically designed to help traders overcome prop firm challenges like FTMO and MFF by utilizing advanced grid-based averaging strategies with integrated risk management. The EA has demonstrated consistent live trading performance with verified Myfxbook results showing 20.64% to 39.07% gains across multiple accounts, though with notable drawdowns reaching up to 23.37%.

Key Takeaway

• Core Strategy: Grid-based averaging system using cost averaging with multiplier (1.11), step distances (15 pips), and up to 50 trades per side, combined with optional moving average filters and trailing stop mechanisms

• Trading Algorithm: Opens initial positions based on market conditions, adds to losing positions at predetermined intervals with gradually increasing lot sizes, while managing profitable trades through trailing stops and fixed take profit levels

• Risk Management Features: Built-in equity protector (closes all trades at specified daily loss %), trailing stop loss system, customizable stop loss/take profit per trade, and position sizing controls – though grid strategies inherently carry higher drawdown risks during strong trending markets

• Verified Performance: Live trading results show 20.64% to 39.07% gains with monthly returns of 2.29% to 6.72%, but accompanied by significant drawdowns of 8.44% to 23.37% – demonstrating the strategy’s profit potential alongside its volatility risks

• User Benefits: Reduces emotional trading decisions and provides 24/7 automation for prop firm challenges – however, requires careful parameter optimization and understanding of grid strategy risks, as poor market conditions can lead to substantial equity drawdowns

• Primary Risks: Grid-based strategies can experience severe drawdowns during strong trending markets, parameter sensitivity requires thorough backtesting, and the potential for 50 simultaneous trades per side creates significant exposure risks

Recommendations for ForexYields EA MT4

• Trading Platform: MetaTrader 4 (MT4) exclusive compatibility

• Currency Pairs: Compatible with any currency pairs, backtested on AUDCAD – exotic pairs may present higher spread costs affecting grid strategy profitability

• Timeframes: Optimized for M15 timeframe with M5 support – lower timeframes may increase trade frequency and associated costs

• Account Types: Standard and ECN accounts supported – ECN recommended for better spread conditions

• Minimum Deposit: $100 minimum requirement – however, $500+ strongly recommended for better risk management given the grid strategy’s drawdown potential

• Leverage: 1:500 used in live accounts – high leverage amplifies both potential profits and losses; understand margin requirements before increasing position sizes

• Trading Hours: 24/5 capability with configurable time filters – news filter available to pause trading during high-impact events

ForexYields EA MT4 Review

ForexYields EA MT4 offers a systematic grid-based approach to prop firm challenges with verified live performance, though traders must accept significant drawdown risks (8-23%) for potential monthly gains of 2-7%. Best suited for intermediate traders comfortable with averaging strategies who understand the inherent volatility. Exercise caution during trending markets when grid strategies face maximum stress.

Live Trading Highlights:
• Account 1: +20.64% gain, 8.44% drawdown over 13 months

• Account 2: +39.07% gain, 23.37% maximum drawdown

• Account 3: +26.96% gain, 17.19% drawdown with consistent monthly growth

• All accounts show profitable results but with notable equity fluctuations typical of grid strategies

Why Choose ForexYields EA MT4

• Verified Live Performance: Three Myfxbook-verified accounts demonstrate consistent profitability across different market conditions – though all accounts experienced significant drawdowns requiring strong risk tolerance

• Prop Firm Optimization: Specifically designed for FTMO/MFF challenges with customizable risk parameters and equity protection features – however, high drawdown potential may conflict with some prop firm daily loss limits

• Comprehensive Risk Controls: Features trailing stops, equity protector, and position limits to manage exposure – but grid strategies still carry inherent averaging-down risks during extended trends

• Strategy Transparency: Clear input parameters allow full customization and understanding of trade logic – requires thorough backtesting knowledge to optimize effectively for different market conditions

• Accessibility: Low $100 minimum deposit with provided preset files for different risk levels – though realistic capital requirements are higher for sustainable grid strategy management

Conclusion

ForexYields EA MT4 delivers verified profitability through sophisticated grid averaging with strong risk management tools, making it suitable for experienced traders seeking prop firm solutions who accept 15-25% drawdown risks for consistent monthly returns. Novice traders should approach cautiously due to complex parameter optimization requirements and inherent grid strategy volatility.

ForexYields EA MT4 Download Packages:

• Link download experts:
  • ForexYields EA MT4.ex4
• Presets:
  • 500$_M15_hight risk.set
  • 500$_M5_low risk.set
  • 1000$_M5_low risk.set
  • 2000$_M5_low risk.set
  • 5000$_M5_low risk.set
  • 10.000$_M5_low risk.set

FAQs