Tired of forex robots that work for a few weeks and then crash when the market changes? You’re not alone. That’s why YoForex released Elise EA V6.2.04 MT5—an advanced, stable, and free expert advisor built for MetaTrader 5.

This EA is not your typical martingale trap. It’s designed with adaptive algorithms, smart money management, and robust execution filters. Whether you’re running small retail accounts or prop firm challenges, Elise EA V6.2.04 MT5 offers both flexibility and discipline.

Overview

Elise EA V6.2.04 MT5 is a multi-currency expert advisor that uses a hybrid of price action, volatility filters, and trend-following logic. It’s coded to trade consistently across sessions, avoiding thin markets and news spikes.

  • Platform: MetaTrader 5 (MT5)
  • Pairs: EURUSD, GBPUSD, USDJPY, XAUUSD, plus other majors
  • Timeframes: M15–H1 recommended
  • Minimum Deposit: $200
  • Leverage: 1:200 or higher
  • Style: Adaptive intraday/short swing EA
  • Best for: Traders looking for long-term stability + prop firm rules compliance

Key Features

  • Adaptive trade engine: Adjusts to market conditions in real-time.
  • No martingale/grid: Uses fixed risk trades only.
  • Dynamic SL/TP: ATR-based risk control with trailing stop.
  • Multi-currency trading: Can run on multiple pairs simultaneously.
  • Equity & risk guard: Built-in account protection features.
  • Prop firm settings: Daily loss cap and order limits.
  • Volatility filters: Avoids entering during abnormal price spikes.
  • News filter option: Pause trading around high-impact events.
  • Preset templates: Quick-start configs included.
  • VPS-friendly code: Runs light for 24/5 execution.

Backtest & Performance

  • EURUSD M15: Win rate ~62%, profit factor ~1.55, drawdown under 9% at 0.5% risk.
  • XAUUSD H1: Higher volatility but smooth curve; PF ~1.4 with moderate DD.
  • Multi-pair basket: More consistent equity growth when running 3+ pairs together.

Installation & Setup

  1. Download the EA here: ???? Elise EA V6.2.04 MT5 Download
  2. Open MT5 → File → Open Data Folder → MQL5 → Experts, then paste the file.
  3. Restart MT5 or refresh the Navigator.
  4. Attach Elise EA to your preferred chart (EURUSD M15 recommended).
  5. Enable Algo Trading.
  6. Load one of the preset templates.
  7. Use a low-spread ECN broker and fast VPS (<10ms latency).
  8. Start with 0.25–0.5% risk per trade.

Why YoForex?

At YoForex, we focus on delivering free and reliable EAs that help traders succeed in real-world conditions. Elise EA V6.2.04 MT5 is part of that mission: a powerful tool with zero upfront cost, continuous updates, and full support.

Check out more on YoForex Official.

Support & Disclaimer

Need help? Contact us directly:

Disclaimer: This EA is a tool, not a guarantee. Past performance does not equal future results. Always test on demo first and manage risk responsibly.

Call to Action

Step up your trading game with Elise EA V6.2.04 MT5—a free, adaptive expert advisor built for long-term stability.

Download it free on MQL5.software

Internal Links

Happy Trading