Edge Detector EA V1.0 MT5 – The Smarter Way to Catch the Edge (Free)


Sick of EAs that chase candles and then ghost you at the worst time? Same. Edge Detector EA V1.0 MT5 is different: a clean, rules-first MT5 expert advisor that hunts for asymmetric entries on major forex pairs across any timeframe. It’s fast, measured, and—yep—100% free on ForexFactory.cc, powered by YoForex.


The idea is simple: catch the edge where structure, momentum, and liquidity align; avoid the noise. No martingale traps. No grid creep. Just a practical engine that takes trades when conditions make sense, and stands down when the chart is a mess. If you’ve been looking for a dependable EA you can actually keep on your chart for months, this one’s built for that.


Overview


Edge Detector EA V1.0 MT5 blends three pillars to time entries on majors like EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD, NZDUSD:



  1. Directional Bias – reads recent structure (swing highs/lows, micro BOS/CHOCH) to align with the path of least resistance.

  2. Momentum Confirmation – entries trigger only when price shows intent, not random wiggles.

  3. Risk Discipline – position sizing by fixed lot or risk %, with protective stops and optional dynamic exits.


You can run it any timeframe. Want to scalp M5/M15 during London? Go for it. Prefer calmer H1/H4 swing logic? It fits. The default inputs are tuned by YoForex to be sensible from day one, but the EA stays transparent: you’ll see the filters, the stops, and why a trade fired (or didn’t).


Best part? It’s free forever on ForexFactory.cc—so you can test hard, iterate, and share feedback without worrying about paywalls.


Key Features


• Any timeframe support (M1–H4+), tuned out-of-the-box for M15–H1
• Built for major forex pairs; multi-symbol capable on MT5
• Non-martingale, no compulsory grid; optional scaling only if you enable it
• Entry logic = structure + momentum + spread filter
• ATR-based SL option with fixed or dynamic TP
• Break-even and partial close controls (percent at 1R/1.5R, you choose)
• Simple trailing and volatility-aware trailing modes
• Session window inputs (Asia/London/NY) to target your preferred hours
• News buffer inputs to pause near high-impact events (manual calendar)
• On-screen, push, and email alerts for trade events
• Lightweight code—EA stays snappy on common VPS specs
• Free lifetime updates from YoForex via ForexFactory.cc



Backtest Proof & Live Performance


Let’s keep it honest. EAs aren’t magic boxes; they’re rule engines. So our validation for Edge Detector EA V1.0 MT5 focused on stability, risk handling, and repeatability, not cherry-picked screenshots.



  • Period tested: January 2020 – July 2025

  • Markets: EURUSD, GBPUSD, USDJPY, AUDUSD

  • Timeframes: M15 and H1 (with spot checks on M5 and H4)

  • Assumptions: ECN-like spreads, realistic slippage, no curve-fit tick magic

  • Method: MT5 Strategy Tester + forward walk on live quotes


What we liked:
When structure alignment and a fresh momentum pulse followed a shallow pullback, entries were crisp. On H1, swings had fewer false starts. On M15, signal flow increased but needed the spread filter and a modest news buffer to stay sane. Turning on break-even at 1R and partial close around 1.5R smoothed the equity profile in chop.


YoForex live notes: We also ran small live/demo tests to check fills, trailing behavior, and alert timing around session opens. The EA behaved predictably; no surprise re-entries or stealth grids. We’ll keep posting change logs and practical tips on ForexFactory.cc so you can see what’s improving and why.


Installation & Setup (MT5)


You’ll be live in a couple of minutes:



  1. Download the ZIP from ForexFactory.cc and extract it.

  2. Open MT5 → File → Open Data Folder.

  3. Navigate to MQL5 → Experts.

  4. Copy EdgeDetectorEA.ex5 (or .mq5) into Experts.

  5. Restart MT5.

  6. Open a chart (start with EURUSD H1 to learn the rhythm).

  7. In Navigator → Expert Advisors, drag Edge Detector EA V1.0 MT5 onto the chart.

  8. Allow algo trading and DLLs if your setup needs it.

  9. In Inputs, choose Risk % or fixed lot, set Spread Filter, and define Session Hours.

  10. Start with defaults for a week; then test break-even, partials, and trailing.


Quick start tips:



  • Trade London/NY sessions first; spreads and flows are better.

  • Journal every tweak; small changes compound.

  • Use news buffer around big releases; no EA likes whipsaws.

  • Keep leverage sane—coz even great entries can’t save oversized risk.



Why YoForex Tools


This EA is powered by YoForex, the parent brand behind the free downloads on ForexFactory.cc. Our ethos is simple: tools built by traders, for traders.



  • Free lifetime updates—no bait-and-switch later

  • Continuous optimizations informed by real user feedback

  • Transparent change logs and performance notes you can actually use


We’d rather you run one or two reliable tools well than ten flashy ones badly. That’s why we focus on clean logic, readable inputs, and zero gimmicks.


Support 


Need help, want a feature, or spotted a broker quirk? Ping us—real humans reply.



Call to Action


Ready to put a level-headed EA on your charts? Download Edge Detector EA V1.0 MT5 now—100% free, no strings attached. Run it for a week on demo, note your best pairs and hours, then scale with intention. If you get stuck, our WhatsApp and Telegram support are open, unlimited, and free.


YoForex—empowering traders worldwide, one free tool at a time.


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Happy Trading