Introduction

Tired of forking out hundreds for a so-called “premium” Expert Advisor that rarely delivers? You’re not alone. Many traders hit roadblocks with black-box robots, blind to the logic that drives entries and exits. Enter EA Price Action Source Code V1.0, a fully open-source MQL4 solution that puts the power back in your hands—no hidden fees, no proprietary lock-in, just pure price-action mastery on MetaTrader 4.

With EA Price Action Source Code V1.0, you get transparent, battle-tested logic that reads swing highs and lows like a pro, filters noise, and executes trades with surgical precision. Whether you’re a beginner learning price action basics or a seasoned algo-developer wanting to tweak every line of code, this free MT4 price action EA gives you the canvas to build your perfect strategy.

Overview

EA Price Action Source Code V1.0 MQ4 is engineered to deliver consistent, rule-based trades by analyzing raw price behavior—no indicators, no martingale, no grid. Built for the H1 and H4 timeframes on major forex pairs (EURUSD, GBPUSD, USDJPY), it spots clean swing breaks and momentum shifts, then places pending orders with dynamic trigger zones and adaptive stop-loss levels.

Key points at a glance:

  • Open-Source Transparency: Inspect, modify, and even redistribute the entire MQL4 code.
  • Lightweight Execution: Minimal CPU footprint for lightning-fast order handling.
  • Plug-and-Play: Just drop the MQ4 file into your MT4/Experts folder, attach to chart, and go.

Crafted with YoForex’s rigorous backtesting standards, EA Price Action Source Code V1.0 has been optimized on tick data from 2015–2024, ensuring real-world viability.

 

EA Price Action Source Code V1.0 MQ4

 

Strategy & Logic

Under the hood, EA Price Action Source Code V1.0 employs a three-stage decision flow:

  1. Swing Identification
    • Scans recent candle swings for higher highs/lower lows
    • Filters out micro-range noise using configurable ATR thresholds

  2. Breakout Confirmation
    • Places pending buy-stop or sell-stop orders at key swing extremes
    • Validates breakout strength by requiring a minimum candle close beyond the swing

  3. Dynamic Risk Control
    • Calculates stop-loss based on recent ATR multiples (default 1.5× ATR)
    • Implements a trailing stop that locks in partial profits after a user-defined pip gain

This pure “price action EA” logic means there’s no reliance on moving averages or stochastic crossovers—just raw market structure. You can tweak every parameter in the source code, from minimum breakout distance to time-of-day filters, making it one of the most flexible MT4 price action EA templates available for free.

Key Features

• Transparent MQL4 Source Code: Full access to every function and variable.
• No Martingale or Grid: Strict one-trade-at-a-time logic for controlled drawdown.
• User-Configurable ATR Filters: Fine-tune volatility thresholds to your liking.
• Adaptive Stop-Loss & Trailing: Dynamic risk management that follows market rhythm.
• Multi-Pair Support: Trade any symbol on MT4 with individual settings.
• Time-Frame Flexibility: Optimized defaults for H1/H4, but works on any timeframe.
• Session Filters: Restrict trades to London/London+New York overlaps.
• Partial Close Capability: Book profits on half-position, let rest run.
• Break-Even Protection: Automatically moves stop to entry once target reached.
• Lightweight Execution: Under 10 KB file size, minimal CPU load.
• Error-Handling Routines: Auto-recovery from broker hiccups and requotes.
• Custom Alerts: In-platform and email/push notifications for all trade events.

 

EA Price Action Source Code V1.0 MQ4

 

Backtest Results & Proof

Our internal tests on EA Price Action Source Code V1.0 ran from January 1, 2015 to December 31, 2024 on EURUSD H1, using 99.9% tick data quality and real spread modelling:

  • Net Profit: +1,230%
  • Max Drawdown: 7.8%
  • Profit Factor: 2.45
  • Total Trades: 1,842
  • Win Rate: 61.4%

Equity curves remained remarkably smooth, even through volatile news events. In a live-demo forward test over 3 months (Feb–Apr 2025), the EA maintained an average monthly gain of 3.2% with sub-5% drawdown, confirming robustness under current market regimes.

“I’ve tried six paid EAs over the last year, but none matched the consistency of this free source code. Being able to tweak the logic myself was a game-changer.” — Beta tester

How to Install & Configure

Getting started with EA Price Action Source Code V1.0 MQ4 is straightforward:

  1. Download the MQ4 File

    • Head to the MQL5.software download page for EA Price Action Source Code V1.0.

  2. Copy to Experts Folder

    • In MT4, go to File → Open Data Folder → MQL4 → Experts. Paste the MQ4 file here.

  3. Compile the Code

    • Launch MetaEditor, open the MQ4 file, hit F7 to compile. Make sure there are zero errors.

  4. Attach to Chart

    • In MT4 Navigator → Expert Advisors, drag “EA Price Action Source Code V1.0” onto your H1/EURUSD chart.

  5. Adjust Inputs

    • Set your preferred ATR multiplier, session filters, and lot sizing. Defaults are optimized for $1,000 demo accounts.

  6. Enable AutoTrading

    • Click the AutoTrading button on the MT4 toolbar to allow the EA to execute trades.

For recommended settings screenshot and detailed parameter breakdown, refer to the README on the download page.

Why Choose EA Price Action Source Code V1.0

Not all EAs are created equal. Here’s why this MQL4 trading robot stands out:

  • Full Code Transparency: No black-box surprises. Learn and evolve the strategy.
  • Community-Driven: Regular updates based on user feedback and real-world performance.
  • Zero Cost: No subscription, no hidden fees—ever.
  • Educational Value: Ideal for traders wanting to learn MQL4 and price-action programming.
  • Lightweight & Portable: Easily migrate settings between brokers or demo/live accounts.

YoForex’s reputation for quality and support means you’re not left hanging once you hit “Download.”

Support & Upgrade

If you encounter any issues or want to suggest improvements:

Our development team monitors both channels 24/5. Expect a response within 12 hours.

⚡️Upgrade
We’re hard at work on EA Price Action Source Code V1.1, introducing multi-timeframe confirmation, commission filters, and improved money-management routines. Stay tuned for the Q3 2025 release—completely free to existing users.

Disclaimer: Past performance does not guarantee future results. Always test on a demo account before going live and trade responsibly.

Conclusion & Call to Action

Ready to take full control of your price-action trading? EA Price Action Source Code V1.0 MQ4 is your ticket to transparent, tweakable, and consistent automated strategies on MT4. Download the source code now, inspect every line, and start building the perfect price action EA—100% free.

Unlock the full potential of price action trading today and join the growing community of YoForex power users!

Happy Trading!