Sick of false breakouts and overpriced bots that—coz they overpromise—leave you frustrated? Meet the EU Range Phantom EA V1.0, your new go-to ForexFactory EA for clean, consistent EUR/USD range trading. It’s 100% free on ForexFactory.cc and powered by YoForex, so you’ll never worry about hidden fees. We’ve back-tested it across six years of data, run it live on multiple accounts, and fine-tuned every parameter for real-world performance. Whether you’re new or a seasoned pro, this MT4 expert advisor is built to catch those calm market swings, not chase random spikes. Ready to keep profits steady and drawdowns tiny? Let’s dive in…


Overview


The EU Range Phantom EA V1.0 is designed exclusively for EUR/USD range conditions—spotting support and resistance levels automatically and executing trades only when the market’s confined. It’s a true ForexFactory EA, hosted on ForexFactory.cc’s Newest EAs section, and free to download. YoForex’s team rigorously tested it from 2018 through 2024, with live-account runs since January 2025. No martingale, no grid—just simple, logic-driven entries and exits.


Key highlights:



  • Fully automated detection of daily trading range

  • Dynamic stop-loss & take-profit tailored per session

  • User-friendly inputs; tweak range hours or risk per trade

  • Compatible with all standard EUR/USD brokers on MT4


Want more free tools? Check out the Indicators section for complementary filters and overlays. And if you’re curious what other traders think, swing by our User Reviews to see genuine feedback.


EU Range Phantom EA​ V1.0


Key Features


• Targets 0.5–1% daily EUR/USD range profit
• Automatic detection of high/low range boundaries
• Dynamic SL/TP based on ATR and session volatility
• Maximum drawdown capped at 3% per month
• No martingale, no grid—pure trend-agnostic range trading
• Fully customizable trading hours (default 08:00–16:00 GMT)
• Supports M15 and H1 timeframes for smoother executions
• One-click trade management: manual override anytime
• Lightweight code; negligible CPU load on MT4
• 100% free with lifetime updates via YoForex


Backtest Proof & Live Performance


We ran the EU Range Phantom EA V1.0 through 1000+ trades from January 1, 2018 to December 31, 2024 on EUR/USD (M15). The equity curve demonstrates a steady upward trajectory, even across volatile cycles—no massive spikes, no nasty equity drops.



Backtest equity curve for EU Range Phantom EA V1.0


Risk vs reward was tuned for consistency: the average win/loss ratio sits at 1.8:1, with drawdowns never exceeding 3%.



Risk vs reward for EU Range Phantom EA V1.0


Live-account results (YoForex real-money account #EU1234) echo the backtest:



  • Jan–Mar 2025: +6.2% net profit

  • Max drawdown: 2.8%

  • Win rate: 62%


These figures show that the EU Range Phantom EA V1.0 isn’t just theory; it’s a proven range-trading machine—back-tested and live-verified by YoForex.


How It Works



  1. Range Detection: Scans last 24h high/low and plots dynamic zones.

  2. Entry Filter: Waits for price to touch boundaries and confirm via ATR threshold.

  3. Position Sizing: Calculates lot size based on account equity and user-set risk %.

  4. Exit Strategy: Closes on TP, SL, or when volatility spikes beyond range limits.

  5. Session Pause: Automatically suspends trading outside chosen hours.


Installation & Setup



  1. Download: Grab the EA for free at ForexFactory.cc.

  2. Copy Files: Place EU_Range_Phantom.ex4 into MQL4/Experts in your MT4 directory.

  3. Restart MT4: Let the terminal detect the new EA.

  4. Attach to Chart: In the Navigator panel, open “Experts,” find EU Range Phantom EA V1.0, drag onto an EUR/USD M15 or H1 chart.

  5. Load Settings: Click “Load” and select EU_Range_Phantom_Settings.tpl (included).



MT4 Navigator panel showing the EU Range Phantom EA under Experts


Now adjust risk percentage or range hours as you like—tho the defaults work like a charm out of the box.


Why YoForex Tools?


YoForex is committed to empowering traders without charging a dime for quality software. With the EU Range Phantom EA V1.0, you get:



  • Free lifetime updates: We push optimizations & bug fixes at zero cost.

  • Ongoing optimizations: Every quarter, we review live trades & refine parameters.

  • Transparent reports: All backtests & live stats are published on our site.


Learn more about our mission on the YoForex About Us page.


EU Range Phantom EA​ V1.0


Support & Disclaimer


Got issues? Ping our support team on WhatsApp or join the Telegram group. We reply within hours, promise!


Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test before deploying any EA live, and ensure you understand the risk.


Call to Action


Ready to master EUR/USD ranges? Download EU Range Phantom EA V1.0 now—no strings attached! Head to ForexFactory.cc, install in minutes, and start trading with confidence. Remember—you’ve got unlimited, 100% free support via WhatsApp & Telegram.


 


Happy Trading