Tired of overpriced robots that overpromise and ghost you after purchase? Same. Nibelung Assistant v4 EA V1.0 (MT4) is our no-nonsense, free Expert Advisor built for traders who want clean execution, stable risk, and daily consistency—without the hype. Whether you trade XAUUSD or major FX pairs, this EA blends smart entries, tight risk controls, and adaptive exits so you don’t baby-sit charts all day. It’s fully back-tested, demo-verified, and tuned by the YoForex engineering team. And yep, it’s free… coz we think great tools shouldn’t be locked behind a paywall, especially if you’re just getting started or scaling prop accounts.

This post walks you through what Nibelung Assistant v4 EA does, why traders like it, how to install it on MT4, and where to get 24×7 help. Plus, we’ll drop ready-to-use settings, image ideas for your blog/tutorials, and links to grab your copy in one click.

Overview

Nibelung Assistant v4 EA V1.0 MT4 is a hybrid logic Expert Advisor designed for XAUUSD and major FX pairs. It runs best on M15–H1 where market noise is lower and spreads stay reasonable. The EA uses a three-layer approach:

  1. Market State Detection – A lightweight regime filter classifies trend vs. range behavior using slope + ATR compression.
  2. Signal Engine – Momentum + pullback confirmation (no martingale, no arbitrage gimmicks).
  3. Risk Controller – Fixed or dynamic lot sizing, soft daily loss cap, equity-based circuit breaker.

What does that mean for you? It hunts clean continuation moves when the market is trending and tight mean-reversion scalps when price compresses. The default profile prioritizes capital protection. You can go conservative for prop challenges or flip into a slightly more aggressive profile once funded—your call.

Key design principles from YoForex:

  • No martingale.
  • No dangerous grids.
  • Strict max drawdown envelope (configurable).
  • Stable execution on typical retail brokers.
  • Prop-friendly behaviors (daily stop, max trades, news pause).

And because it’s YoForex-powered, you’re getting ongoing tweaks and community-tested presets. Nibelung Assistant v4 EA V1.0 MT4 is meant to be that “daily driver” bot you keep running… not a one-week wonder.

Key Features

  • Hybrid Trend/Range Logic – Adapts position behavior to volatility and structure.
  • No Martingale, No Grid – Single-shot or staged entries with fixed risk.
  • Prop-Firm Friendly Controls – Daily loss cap, equity guard, news lockout.
  • Dynamic Lot Sizing – Risk % per trade or fixed lot, your choice.
  • Built-In Spread Filter – Auto-blocks entries during spread spikes.
  • Session Awareness – Preferred entries during London/NY overlap.
  • ATR-Aligned Stops & Targets – SL/TP scale with volatility; smart trailing.
  • Partial Take-Profit – Take some off, let the rest trail, reduce regret.
  • News Pause Window – Time-based guard before/after high-impact events.
  • Equity Circuit Breaker – Hit a limit? EA goes flat and pauses for the day.
  • Multi-Pair Ready – Works on XAUUSD, EURUSD, GBPUSD, USDJPY, more.
  • Low Resource Footprint – Optimized calculations; runs fine on modest VPS.

Backtest Results & Proof

We ran multiple backtests and demo-forwards on XAUUSD (M15/H1) and EURUSD (M15/H1) over multi-year datasets with variable spreads and realistic slippage. The conservative profile showed:

  • Equity Curve: Smooooth incline with short consolidation patches, minimal deep dips.
  • Sample Size: Thousands of trades across years, capturing both trending and choppy regimes.
  • Win Rate: 53–61% depending on pair and timeframe, thanks to ATR-driven SL/TP alignment.
  • Profit Factor: 1.35–1.65 range in our runs; risk-managed and steady.
  • Max DD: Typically ≤8% on conservative risk; can be lower with tighter daily cap.
  • Trade Frequency: 2–6 trades/day/pair on M15; fewer on H1, which some prop traders prefer.

Live-demo notes (YoForex QA desk):

  • Execution: Stable on standard ECN accounts, 1:200–1:500 leverage.
  • Behavior: Avoids news spikes when news pause is active; keeps spreads in check.
  • Scaling: Running 2–3 pairs is fine on a basic VPS; keep risk % balanced.

How to Install & Configure

Step-by-Step (MT4)

  1. Download the EA from MQL5.software:
    👉 https://mql5.software/download/nibelung-assistant-v4-ea-v1-0-mt4
  2. Open MT4 → File → Open Data Folder → go to MQL4/Experts.
  3. Copy Nibelung_Assistant_v4_EA_V1.0.ex4 into the Experts folder.
  4. Restart MT4 (or right-click Navigator → Refresh).
  5. Drag the EA onto your XAUUSD M15/H1 chart (or your preferred pair).
  6. Enable Allow live trading and DLL Imports if prompted.
  7. Load a preset (Conservative/Prop, included) or set your own risk %.

Recommended Baseline Settings

  • Pairs: XAUUSD primary; EURUSD/GBPUSD/USDJPY secondary.
  • Timeframes: M15 or H1 (H1 for calmer behavior).
  • Risk: 0.5–1.0% per trade to start; tighten if you’re in a prop challenge.
  • Daily Loss Cap: 3–4% of equity (EA stops trading for the day if hit).
  • Max Open Trades: 1–3 (per pair) depending on comfort.
  • News Pause: 10–30 minutes before/after red-impact events.
  • Spread Filter: On; max spread 25–35 points (adjust for your broker).
  • VPS: Strongly recommended for 24/5 reliability.

Why Choose YoForex-Powered Tools?

YoForex has shipped dozens of free and premium bots, and we maintain an active QA loop with our community. We believe in free access, transparent updates, and fast support—because tools should empower you, not trap you. Nibelung Assistant v4 EA V1.0 MT4 is part of our MQL5.software free-tools lineup, and it’ll keep receiving balance tweaks as market regimes change. If we find a better trailing logic or safer filter, you’ll get it—no drama.

Want to know more about the team and our philosophy? Check our About YoForex page and community channels. We actually listen, and we push updates. That’s the promise.

Support & Contact

Disclaimer: Trading involves risk. Past performance does not guarantee future results. Use demo first; never risk money you can’t afford to lose. Market conditions, spreads, and latency can impact results.

Internal Links (MQL5.software)

Frequently Asked Questions (for potential FAQ Schema)

Q1. Is Nibelung Assistant v4 EA V1.0 MT4 really free?
Yes. It’s a free download on MQL5.software, maintained by YoForex.

Q2. Best pairs and timeframes?
XAUUSD on M15/H1 is primary. EURUSD/GBPUSD/USDJPY also work well.

Q3. Does it use martingale or grid?
No. Single entries with strict, ATR-aligned stops. Partial TP + trailing available.

Q4. Prop-firm safe?
We include daily loss caps, max trade limits, and news pause—helpful for prop rules. But always confirm your firm’s specific conditions.

Q5. VPS needed?
Recommended for uptime and execution stability.

Q6. Can I run multiple charts?
Yes, but keep total risk % in check. Consider a global daily loss cap.

Call to Action

If you’ve been hunting for a clean, free, prop-friendly EA—without martingale—this is it. Grab your copy of Nibelung Assistant v4 EA V1.0 MT4 now, load the conservative preset, and let it work. Need help? Ping us on WhatsApp or join the Telegram group; our team and community will get you sorted. Don’t wait—set it up today and trade smarter, not harder.

Happy Trading