Welcome to the ultimate guide on AlexBass EA V1.0, a completely free MT4 Expert Advisor brought to you by YoForex. Tired of overpriced robots draining your account? You’re not alone… traders everywhere are huntin’ for reliable, zero-cost EAs that actually deliver. That’s where AlexBass EA V1.0 MQ4 steps in—fully back-tested, live-market verified, and designed with simplicity in mind. In this post, we’ll dive into everything you need to know: from an overview of how AlexBass EA V1.0 works, to step-by-step installation, and why YoForex’s ongoing support makes this tool a no-brainer. Ready to trade smarter, not harder? Let’s go!

Overview

The AlexBass EA V1.0 MQ4 is a purpose-built MT4 Expert Advisor optimized for major currency pairs and gold. Developed by the YoForex team, it employs a blend of trend-following and mean-reversion logic—no martingale, no grid, just disciplined risk management. You might wonder “Which pair should I use?” While AlexBass EA V1.0 works on popular pairs like EURUSD, GBPUSD, and XAUUSD, we recommend starting with XAUUSD (Gold) on the H1 timeframe for steady returns. The minimum deposit is just $200, making it accessible for micro-account traders.

Back-tested from January 2018 to December 2023 on tick data, AlexBass EA V1.0 generated an average monthly return of +12% with max drawdown under 6%. These results were stress-tested across different brokers and spread conditions, so you can trust that the performance is robust. And yes, it’s 100% free—no hidden fees, no trial periods. You can grab the download directly on MQL5.software:
Download URL: https://mql5.software/alexbass-ea-v1.0-mq4

AlexBass EA V1.0 MQ4Key Features

• +10% to +15% average monthly return
• Max drawdown capped at 6% (no martingale)
• 1–2% fixed risk per trade
• No grid or scalping strategies
• Supports EURUSD, GBPUSD, XAUUSD, and more
• Optimized for H1 and H4 timeframes
• Real-time spread and slippage filters
• Automatic “breakeven” and trailing stop
• Multi-pair trading capability
• Easy one-click trade management panel
• Lightweight MQ4 file (<50 KB)

Backtest Results & Proof

YoForex’s in-house analysts ran the AlexBass EA V1.0 MQ4 through rigorous backtests using MT4’s Strategy Tester, covering 500,000+ ticks on XAUUSD (H1) from January 2018 to December 2023. The equity curve shows a consistent upward trajectory with minimal stagnation periods. Average monthly gains hovered around +12%, with a peak month of +18% and only two months in drawdown. Maximum drawdown peaked at 5.8%, well within conservative risk limits.

Live-market verification on a real account since January 2024 echoes these results, delivering a 14% return over six months with under 6% drawdown. You can compare similar outcomes in our Galaxy Gold Scalper V3.0 review or check out other YoForex tools like the Quantum Gold Emperor EA V1.2. These internal links help you see how AlexBass EA V1.0 fits into our broader suite of free, quality-assured MT4 expert advisors.

How to Install & Configure

  1. Download the AlexBass_EA_V1.0.mq4 file from MQL5.software: https://mql5.software/alexbass-ea-v1.0-mq4
  2. Copy the .mq4 to your MT4 experts folder (MQL4/Experts).
  3. Restart MT4 to compile the EA automatically.
  4. Attach AlexBass EA V1.0 to your chosen chart (e.g., XAUUSD H1).
  5. Open the “Inputs” tab and set your risk parameters:
  • Risk per trade: 1.5%
  • Max spread filter: 20 pips
  • Trail step: 30 pips

    6. Enable “Allow live trading” and “Enable DLL imports.”

    7. Hit OK and watch AlexBass EA V1.0 start scanning the market.

For a visual guide, refer to our Beginner’s Setup Guide which includes screenshots of the MT4 settings panel.

AlexBass EA V1.0 MQ4

Why Choose YoForex-Powered Tools?

YoForex isn’t just another development shop—our 25-member team lives and breathes algorithmic trading. All our free EAs are open-source MQ4 files, so you can audit, tweak, or optimize them yourself. We push monthly updates based on user feedback and evolving market conditions… so your AlexBass EA V1.0 will stay sharp as volatility shifts. No subscription fees, no upsells—just pure, community-driven innovation. If you’ve tried other gold scalper EAs that charge $200+/month, you’ll appreciate our “free-forever” policy.

Support & Disclaimer

If you hit any bug or need help tweaking settings, ping us anytime:

Disclaimer: Past performance does not guarantee future results. Algorithmic trading involves risk; always start on a demo account. Use proper risk management and never risk more than you can afford to lose.

Call to Action

Grab your copy of AlexBass EA V1.0 MQ4 now—totally free on MQL5.software!
Don’t miss out on a chance to boost your MT4 trading with a proven, YoForex-backed robot. Download, install, and let AlexBass EA V1.0 handle the heavy lifting so you can focus on what matters: growing your account. Jump in today and see the difference!

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Happy Trading