Introduction
If you’re fed up with EAs that promise the world but barely deliver, you’ll love Catarina Devon EA V2.6 MT4. This free-to-download Expert Advisor on ForexFactory.cc combines trend-following and grid-trading mechanics to capture both market momentum and retracements…all while keeping drawdowns in check. Developed in MQL4, Catarina Devon EA V2.6 has been rigorously back-tested across multiple currency pairs and stress-tested in live accounts by the YoForex team. Ready for a no-cost, fully automated trading edge? Let’s dive in.



Overview


Catarina Devon EA V2.6 MT4 is designed for traders who want an all-in-one solution: it spots prevailing trends, places calculated grid entries on pullbacks, and manages trades using adaptive money-management rules. Whether you trade majors, crosses or gold, this EA dynamically adjusts lot sizes and stop-loss levels to match market volatility. Key highlights include:



  • Trend Detection Module: Uses a custom moving-average filter to confirm directional bias.

  • Grid Engine: Opens additional positions on favorable retracements, spacing orders to average into winning trends.

  • Dynamic Money Management: Automatically scales lot sizes based on account balance and historic win-rate.

  • Safety Features: Includes maximum drawdown limits, nightly trade-closure, and adjustable trading hours.


Catarina Devon EA V2.6 MT4



Strategy Breakdown


+Catarina Devon EA V2.6’s core strategy blends two proven approaches:



  1. Trend-Following: Before any order is opened, the EA analyzes a fast and slow moving average crossover, combined with ADX confirmation, to ensure you’re trading with the market, not against it.

  2. Grid Averaging: Once the trend is confirmed, if price pulls back, the EA places a series of limit orders at user-defined intervals (e.g., 20 pips apart). This grid of orders reduces slippage risk and improves average entry price.


By merging these tactics, the EA captures large trend moves while using mini-grid positions to boost profitability during choppy phases.



Performance & Backtest Proof


YoForex ran a comprehensive backtest from January 2019 through December 2023 on EURUSD, GBPUSD, and XAUUSD (M15 timeframe). Results:



  • Total Net Profit: +35,200 USD on a 10k demo account

  • Max Drawdown: 8.5%

  • Win Rate: 72%

  • Profit Factor: 2.8


Catarina Devon EA V2.6 MT4


<img src="backtest-equity.png" alt="Backtest equity curve for Catarina Devon EA V2.6" />


In live demo trading (Jan–May 2025), the EA maintained a steady equity curve with monthly gains of 2–3% and drawdowns never exceeding 5%.


<img src="risk-reward-chart.png" alt="Risk vs reward for Catarina Devon EA V2.6" />



Installation & Setup



  1. Download the EA file from its ForexFactory.cc product page.

  2. Copy CatarinaDevonV26.ex4 into your MT4’s /MQL4/Experts/ folder.

  3. Restart MetaTrader 4 and locate the EA under Navigator → Expert Advisors.

  4. Drag & drop onto your preferred chart (e.g., EURUSD M15).

  5. Import the provided .set file for optimal recommended settings.

  6. Enable “Allow live trading” and “Allow DLL imports” in EA properties.