Price Action EA V1.0 MT5

Indicators lag. Charts lie. Most EAs overfit.

Price Action EA V1.0 for MetaTrader 5 breaks the cycle—offering clean, raw logic driven entirely by price behavior. No repainting indicators, no confusing overlays. This EA uses candle patterns, wick structures, and market zones to find precise trade entries on MT5.

If you’ve ever wished for a robot that thinks like a seasoned price action trader… this one’s for you.

Even better? It’s completely free, thanks to YoForex’s open-access trading tool initiative.

Overview

Price Action EA V1.0 MT5 is a fully automated Expert Advisor that scans real-time market structure to find high-probability entries—without a single indicator. Its logic is inspired by professional discretionary traders and turned into pure automation.

It focuses on:

Candlestick patterns (pin bars, engulfings, inside bars)
Support and resistance zones
Breakout/breakdown confirmations
Wick rejections and volume-weighted decision logic
Trade timing during volatile sessions (London, NY)

Key Features

• +100% indicator-free logic
• +Advanced candle pattern detection (pin bar, engulfing, etc.)
• +Breakout zone filters and wick rejection logic
• +Works on major FX pairs and gold
• +Smart SL/TP placement using recent highs/lows
• +Auto risk calculator or fixed lot mode
• +Time session filter (avoid late-night entries)
• +Built for prop firm rules (low drawdown, steady equity curve)
• +Backtest-ready for MT5 Strategy Tester
• +Fully FREE from YoForex with no limitations

How It Works

Potential reversal zones (based on wick rejections and tight-bodied candles)
Pattern confirmation (e.g., bullish engulfing after downtrend)
Entry trigger (close above high or breakdown below support)
Stop-loss and take-profit based on real-time swing levels or ATR filter

Backtest Results & Performance

✅ Win Rate: 70–78%
✅ Max Drawdown: < 6%
✅ Monthly ROI: 4–8%
✅ Average Trade Duration: 1–4 hours
✅ Works well during London & NY sessions

How to Install & Configure

Download from MQL5.software
Open MetaTrader 5 → File > Open Data Folder
Navigate to MQL5 > Experts
Paste the .ex5 file
Restart MT5
Attach the EA to any supported chart (e.g., EURUSD M30)
Enable Algo Trading and adjust input settings (risk, filters, etc.)

Why Choose YoForex EAs?

✔️ Full performance transparency
✔️ Zero cost, zero license activation
✔️ Tools built by traders, for traders
✔️ Free updates & community feedback
✔️ Telegram + WhatsApp support

Support & Disclaimer

Need help with configuration? Want to customize the logic?

• Message us on WhatsApp
• Or join 6,000+ traders in the Telegram Group

Disclaimer: Past performance is not a guarantee of future results. Always test in demo before live trading. Use proper risk management at all times.