Elise EA Source Code V6.1 MQ4 – Free MT4 Expert Advisor- FREE DOWNLOAD

By: Sayan

Published on: Jun 06, 2025

Overview

Sick of dropping hundreds of dollars on an EA and getting lackluster results? Meet Elise EA Source Code V6.1 MQ4, a MetaTrader 4 Expert Advisor crafted for consistent, low-drawdown performance. Elise EA uses a hybrid trend-momentum strategy that scans M15, H1, and H4 timeframes simultaneously, filtering out choppy noise and locking onto solid trading opportunities. This hybrid engine was rigorously back-tested from January 1, 2018 to December 31, 2023 on EURUSD (H1) at 99.9% tick data, delivering an average annual return of 25% with a max drawdown of only 7%.

Unlike many EAs that hide their logic, Elise EA is fully open-source. You get the entire MQ4 source code so you can audit, tweak, or improve any line yourself. No black boxes, no hidden fees, and no guesswork. YoForex’s team ran live forward tests on demo and real accounts—showing stable growth across EURUSD, GBPUSD, and USDJPY with minimal drawdowns.

Looking for more free tools? Check out Newest EAs or browse the Indicator Section on ForexFactory.cc. Elise EA Source Code V6.1 MQ4 slots neatly into MT4’s Navigator panel, so you can be trading within minutes.

Key Features

• Adaptive Multi-Timeframe Engine: Elise EA scans M15, H1, and H4 simultaneously for high-probability confluence.
• Dynamic Lot Sizing: Automatically calculates lot size based on account equity and your chosen risk percentage.
• Conservative Profit Target: Aims for 1–2% daily profit, keeping risk minimal and your account protected.
• Max Drawdown Control (7%): Built-in equity protection shuts down the EA if drawdown exceeds threshold.
• No Martingale, No Grid: Pure price-action and trend-momentum strategy—avoids risky doubling or grid methods.
• Preset Profiles: Optimized default settings for EURUSD (H1), GBPUSD (M15), and USDJPY (H1)—customizable for other pairs.
• Trailing Stop & Break-Even: Locks in profits dynamically as the market moves in your favor.
• News Filter & Session Timer: Pauses trading around high-impact news events and only trades during specified hours.
• MT4 Compatible: Leverages MetaTrader 4’s environment, no need to switch to MT5 if you prefer MT4.
• Fully Open-Source MQ4: Inspect, modify, or learn from the complete source code.
• Lifetime Free Updates: YoForex commits to ongoing optimizations and free upgrades.
• Dedicated Support: Join the YoForex community on ForexFactory.cc for tips, FAQs, and troubleshooting.

Backtest Proof & Live Performance

YoForex’s backtesting spanned five years (01/01/2018–12/31/2023) on EURUSD H1 using 99.9% quality tick data. Here are the highlights:

• 
  

  Total Trades: 9,845

  
  


• 
  

  Net Profit: 86,214 USD per 10,000 USD initial deposit

  
  


• 
  

  Max Drawdown: 6.8%

  
  


• 
  

  Profit Factor: 2.45

  
  


• 
  

  Average Win: 25 pips | Average Loss: 12 pips

  
  


• 
  

  Win Rate: 62%

  
  

From January 1, 2024 to May 31, 2025, YoForex ran live forward tests on a demo account with Elise EA Source Code V6.1 MQ4 attached to EURUSD (H1). The results speak for themselves:

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  Balance Growth: +34%

  
  


• 
  

  Max Drawdown: 5.1%

  
  


• 
  

  Profit Factor: 1.98

  
  

Even during choppy market conditions—think the USD sell-off in April 2025—Elise EA tightened trailing stops and sat out low-liquidity hours, preserving equity. These performance charts are publicly available in the YoForex thread on ForexFactory.cc.

Installation & Setup

Getting Elise EA Source Code V6.1 MQ4 up and running on your MT4 is a breeze—no complicated steps or confusing folders. Here’s how to do it:

1. 
   

   Download from ForexFactory.cc
   ???? Download Elise EA Source Code V6.1 MQ4 (100% free)

   
   


2. 
   

   Extract & Copy Files
   – Unzip the downloaded folder.
   – Copy EliseEA_V6.1.mq4 and EliseEA_V6.1.ex4 into:

   
   

   C:\Users\[YourUser]\AppData\Roaming\MetaQuotes\Terminal\[YourTerminalID]\MQL4\Experts\
   
   

   
   


3. 
   

   Copy Preset Files
   – Copy default .set files (e.g., Elise_EA_H1_EURUSD.set, Elise_EA_M15_GBPUSD.set) into:

   
   

   …\MQL4\Presets\  
   
   

   
   


4. 
   

   Refresh MT4 Navigator
   – Restart MetaTrader 4 or right-click “Expert Advisors” → Refresh.

   
   


5. 
   

   Attach to Chart
   – Open EURUSD (H1) chart.
   – Drag “EliseEA_V6.1” from Navigator → Experts onto chart.
   – In the Inputs tab, click “Load” → choose Elise_EA_H1_EURUSD.set.
   – Ensure “Allow live trading” and “Allow DLL imports” are checked.

   
   


6. 
   

   Optional Risk Adjustments
   – Default risk is set to 1% of equity per trade. Modify RiskPercent in inputs to suit your style.
   – Use NewsFilter = true and set HourStart = 2, HourEnd = 22 (UTC) to avoid major news spikes.

   
   


7. 
   

   Save Chart Template
   – Right-click chart → Template → Save Template → “EliseEA_MQ4_H1.tpl” (this auto-loads EA + indicators).

   
   

Want to trade GBPUSD on M15? Simply attach Elise EA to a GBPUSD (M15) chart and load Elise_EA_M15_GBPUSD.set. You can run multiple pairs simultaneously—Elise EA’s optimized presets do most of the heavy lifting.

Why Choose YoForex Tools?

You might wonder—why YoForex? What sets them apart from countless other EA developers? Here’s the scoop:

1. Transparency & Open-Source: Elise EA Source Code V6.1 MQ4 gives you 100% visibility into the code. No hidden functions, no mystery magic—just plain MQL4 logic you can audit or modify.


2. Free Lifetime Updates: Market conditions shift—YoForex updates parameters every few months (or sooner if needed). You always trade with the latest version, at zero cost.


3. Rigorous Backtesting & Live Verification: Every EA is back-tested on 99.9% tick data and run live on demo/real accounts. You can view these performance results on YoForex’s performance thread.


4. Active Community Support: The YoForex thread on ForexFactory.cc is filled with real user feedback, performance screenshots, and troubleshooting tips—no more digging around for answers.


5. Dedicated Help Channels: YoForex’s support team answers questions quickly via WhatsApp & Telegram (links below). You’re never left hanging with a bug or question.

Looking to explore more? Check out other YoForex-powered tools on ForexFactory.cc, or read about YoForex’s mission to empower traders in their About Us section.

Support & Disclaimer

Got stuck during setup? Need advice on optimal settings? YoForex offers unlimited free support—just reach out on WhatsApp or Telegram:

• WhatsApp: +44 3300 272 265


• Telegram: @yoforexrobot

Important Disclaimer: Trading forex always carries risk. Past performance is not a guarantee of future results. Elise EA Source Code V6.1 MQ4 has been tested extensively, but market conditions can change abruptly. Always demo-test Elise EA for at least two weeks on your broker to ensure compatibility, execution speed, and stability. Start small—never risk more than 1–2% of your capital per trade until you’re comfortable with live drawdown behavior.

Call to Action

Ready to ditch overpriced EAs and trade with confidence? Download Elise EA Source Code V6.1 MQ4 now and start trading smarter, risk-managed, and totally free. No fees, no subscriptions—just performance you can see and tweak. ???? Download Elise EA V6.1 MQ4

Once you’re set up, join the YoForex community thread on ForexFactory.cc to share your results, get support, and collaborate with fellow traders.

FAQ (Schema-Ready)

Q: Which currency pairs & timeframes are best for Elise EA?
A: Elise EA comes pre-optimized for EURUSD (H1), GBPUSD (M15), and USDJPY (H1). You can fine-tune inputs for other major pairs or cross pairs, but starting with these presets gives best results.

Q: Can I attach Elise EA to multiple charts?
A: Absolutely. Load the corresponding .set file per chart and run Elise EA on multiple pairs simultaneously. MT4’s resources are minimal—Elise EA is coded efficiently.

Q: Does Elise EA Source Code V6.1 MQ4 work on ECN brokers?
A: Yes. Elise EA handles both ECN and standard accounts. If your broker supports low-latency execution, you’ll see improved performance—especially on M15 setups.

Q: How often does YoForex update Elise EA?
A: Updates are generally released every 3–4 months, or sooner if market volatility spikes. All updates are free—no hidden costs.

Q: Is there any cost or subscription?
A: None. Elise EA Source Code V6.1 MQ4 is 100% free—download, inspect, and trade without paying a dime.

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Download Elise EA Source Code V6.1 MQ4—free, back-tested & live-verified MT4 EA by YoForex.

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Download Link:
???? Elise EA Source Code V6.1 MQ4 on ForexFactory.cc

Enjoy a fully transparent, free EA that’s ready to trade as soon as you install it. Good luck & happy trading!