Introduction

Tired of paying hefty fees for expert advisors that underdeliver? Meet the Forex Free MT5 Prop Firms EA V1.0, your ticket to consistent, low-risk trading on MetaTrader 5 without spending a dime on subscriptions. Built by seasoned quants at YoForex, this forex prop firm EA is tailored for traders looking to pass prop firm evaluations and scale their accounts. With a modest $200 minimum deposit, you can start testing breakthrough strategies in demo or live mode. No fancy grid martingales or over-optimized curve fits—just a robust MT5 expert advisor designed to adapt to evolving market conditions.

Overview

The Forex Free MT5 Prop Firms EA V1.0 MT5 expert advisor is engineered specifically for prop firm rulesets. Most proprietary trading firms demand strict drawdown limits and consistent performance; this EA delivers both. It combines volatility breakout filters with trend-confirmation indicators to seize high-probability entries on major forex pairs. With built-in money management, every trade risks a fixed percentage of your balance—ideal for meeting those 5% max drawdown criteria.

You’ll appreciate how this prop firm EA auto-adjusts position sizes based on your live balance, ensuring you stay within risk limits even during sudden market swings. And because it’s free on MQL5.software, you can download, backtest, and tweak settings at zero cost.

Forex Free MT5 Prop Firms EA V1.0 MT5

Key Features

• +1–2% daily profit targets with adaptive take-profit levels
• Max drawdown capped at 5% per evaluation period
• No martingale or grid strategies—pure trend and breakout logic
• Dynamic lot sizing based on account equity and risk percentage
• Multi-currency support: EURUSD, GBPUSD, USDJPY, and more
• Time filter: trades only during high-liquidity London and New York sessions
• Built-in slippage and spread check to avoid bad fills
• Automatic breakeven and trailing stop to lock in profits
• MT5 expert advisor fully compatible with both demo and live accounts
• One-click enable/disable of news-filter and time filters

Backtest Results & Proof

We ran an extensive backtest on EURUSD H1 from January 2020 to December 2024, using real tick data and commission settings. Over 1,200 trades, the equity curve showed a smooth upward trajectory, delivering a +180% net gain with a maximum drawdown of 4.8%—well within prop firm limits. The Sharpe ratio stood at 1.9, indicating a solid risk-adjusted return.

Live-market verification on a $200 demo account mirrored backtest performance: 45 trades in 30 days, 1.3% average daily return, and just a 3.9% peak drawdown. You can review the full backtest equity curve on our MQL5.software page before you download to see how this EA holds up under real-world conditions.

How to Install & Configure

  • Download the “Forex Free MT5 Prop Firms EA V1.0” from MQL5.software.
  • Copy the .ex5 file into your MQL5/Experts folder.
  • Restart MetaTrader 5 so the EA appears in Navigator.
  • Drag & drop the EA onto the chart for your chosen pair (e.g., EURUSD H1).
  • Open the EA’s Inputs panel and set:
  1. RiskPercent = 1–2 (adjust per your risk appetite)
  2. MaxDrawdown = 5
  3. TradingSessions = “London, NewYork”
  4. NewsFilter = true (optional)
  • Enable Algo Trading and click OK.
  • Monitor the first few trades on a demo to confirm execution settings.

Forex Free MT5 Prop Firms EA V1.0 MT5

Why Choose Forex Free MT5 Prop Firms EA V1.0?

Not all MT5 expert advisors are created equal. This EA is purpose-built for prop firm success. You get ongoing updates from YoForex’s dev team, zero subscription fees, and a streamlined codebase that won’t bog down your platform. Whether you’re a novice trader or a seasoned pro, the Forex Free MT5 Prop Firms EA V1.0 adapts to your account size and keeps you within evaluation rules.

Support & Disclaimer

Hit a snag? YoForex offers round-the-clock support. Just ping us on WhatsApp at https://wa.me/+443300272265 or join our Telegram group at https://t.me/yoforexrobot.

Disclaimer: Past performance is not a guarantee of future results. Always demo-test before going live. Trade responsibly and only risk capital you can afford to lose.

Call to Action

Ready to ace your prop firm challenge? Download the Forex Free MT5 Prop Firms EA V1.0 now and start trading with a $200 deposit. It’s 100% free—no catches. Head over to MQL5.software today and take control of your trading journey.

Join our Telegram for the latest updates and support

Happy Trading