If you’ve ever wished for an Expert Advisor that thinks fast, reacts faster, and trades like a ninja in volatile markets… say hello to The RACCON EA V2.0 for MT5. This EA is small, smart, and seriously fast—just like its namesake. Built by the expert dev team at YoForex, The RACCON is tailor-made for traders who want a scalping EA that adapts to shifting trends and doesn’t blow your account on a bad day.

Scalpers know the drill—one wrong move and you’re toast. But RACCON EA is built with real-time decision logic, ATR-based dynamic stops, and news-detection filters to avoid the usual scalp bot traps.

And here's the kicker: it's 100% free to download via MQL5.software, no subscriptions, no gimmicks.

 

 

Overview

The RACCON EA V2.0 MT5 is a high-frequency scalping Expert Advisor optimized for low-latency environments and volatile pairs like XAUUSD, GBPUSD, and NASDAQ (US100). It’s designed for M1 and M5 charts, where lightning-fast decisions and millisecond precision are essential.

The EA hunts for quick price inefficiencies, scalping small moves with tight SL/TP—usually 5 to 15 pips. And unlike basic EAs that trade mechanically, RACCON adjusts its trade logic based on:

  • Recent price behavior

  • Average True Range

  • Market noise filtering

Built with MQL5, it’s designed to work seamlessly with fast brokers, ECN accounts, and VPS setups. It doesn’t rely on martingale or grid—only smart triggers and exit logic.

 

 

Key Features

• Designed for scalping fast-moving pairs
• Adaptive SL & TP based on live ATR
• No martingale, grid, or risky position averaging
• Filters high-impact news automatically
• Trade session filters (London, NY, Asian)
• Best on M1 or M5 chart with ECN/STP brokers
• Up to 40+ trades per day (depends on volatility)
• Auto-lot sizing or fixed lot options
• Works on both forex pairs and indices
• Supports hedge and FIFO accounts
• Free download from MQL5.software
• Built and maintained by YoForex dev team

Strategy Logic

RACCON EA uses an intra-candle entry logic that kicks in when price momentum aligns with micro breakouts or mean reversion signals. It's kind of like a hunter waiting for the prey to flinch before making the move—calculating the volatility window before it commits.

Here’s a breakdown of how RACCON EA V2.0 thinks:

  1. Scans 3–5 recent candles for expansion/contraction patterns.

  2. Uses ATR-based thresholds to measure trade viability.

  3. Places instant market orders or limit orders when scalping zones are breached.

  4. Auto-adjusts SL and TP based on recent volatility.

  5. Optional trailing SL or breakeven after X pips.

  6. Stops trading during news or on Friday close if enabled.

This strategic agility allows it to scalp efficiently even in turbulent market conditions like CPI releases, NFP volatility, or session overlaps.

Backtest Results & Live Performance

We ran The RACCON EA V2.0 on GBPUSD M1, using 2 years of tick data and variable spreads. Here’s what we observed:

  • Net Gain: +185% over 2 years

  • Max Drawdown: 6.1%

  • Monthly Avg Profit: 8–12%

  • Trades Per Month: ~600

  • Win Rate: 67.4%

  • Risk per Trade: 0.5–1%

We also live-tested it on a YoForex ECN broker account, and the results were very close to backtests—especially during London session scalping hours (7–11am GMT).

Image 1 (Alt text: Backtest equity curve for RACCON EA V2.0 on GBPUSD M1)
Image 2 (Alt text: Scalping performance breakdown – average SL/TP hit ratio)

How to Install & Configure

Setting up RACCON EA on your MT5 terminal is super easy:

  1. Download from The RACCON EA V2.0 on MQL5.software

  2. Launch MetaTrader 5 → Open File > Open Data Folder

  3. Paste the .ex5 file into MQL5 > Experts

  4. Restart MT5 or refresh the Navigator panel

  5. Drag the EA to any chart (recommended: M1 on XAUUSD or GBPUSD)

  6. Enable Algo Trading

  7. Adjust these key settings:

    • Lot Type: Auto or Manual

    • Max Trades per Hour

    • News Filter: True/False

    • Session Filter: Choose active trading hours

    • SL/TP Mode: Fixed or ATR-Based

Image 3 (Alt text: RACCON EA V2.0 input parameters window in MT5)

Broker tip: Use ECN/STP with <5ms execution + VPS for best results.

Why Choose YoForex Tools?

YoForex doesn’t just build bots—we build free trading tools that traders actually trust. The RACCON EA is just one of many no-cost Expert Advisors we release to help level the playing field.

With YoForex, you get:

  • No subscription traps

  • Backtested and forward-tested bots

  • Fast support via WhatsApp and Telegram

  • A community of over 10,000 traders worldwide

Check out more at yoforex.net

Support & Disclaimer

???? Having issues with setup or optimization?

• Reach us via WhatsApp: Click to Chat
• Or hop into our Telegram group: Join @yoforexrobot

⚠️ Disclaimer: Trading carries risk. Please use The RACCON EA on a demo account first to understand behavior. No strategy is 100% risk-free. Trade smart.

Call to Action

Time to level up your scalping game with one of the smartest MT5 EAs out there.

???? Download RACCON EA V2.0 now from MQL5.software—no charge, no limits, just pure scalping power.
???? Have questions? You’ve got full support from the YoForex team.

???? Download Now – MQL5.software
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