Free Money Expert EA V1.0 MQ4 – 1% Daily Profit EA

Introduction

Are you fed up with costly expert advisors that promise the moon but underdeliver? Meet Free Money Expert EA V1.0 MQ4, a 100% free MT4 robot designed for traders on a budget. With a minimum deposit of just $200, this EA targets steady gains—around 1% per day—while keeping drawdown in check. We’ve stress-tested it across multiple currency pairs and timeframes, so you can hit the ground running. No hidden fees, no subscriptions—just pure automated trading power, courtesy of the Free Money team.

Overview

Free Money Expert EA V1.0 MQ4 is built for convenience and consistency. It employs a trend-following algorithm that adapts dynamically to market shifts. Whether you’re on EURUSD, GBPUSD, or AUDJPY, this EA scans for optimal entry points, places trades, and manages risk automatically. It works seamlessly on M15 and H1 charts, letting you choose the pace that suits your style. What sets it apart? A built-in volatility filter that avoids choppy markets and a profit-lock feature that secures gains as they accrue.

Key Features

• 1% daily profit target
• Minimum deposit: $200
• Compatible with MT4 (MQ4 format)
• Works on M15 & H1 timeframes
• Multi-pair support (EURUSD, GBPUSD, AUDJPY, etc.)
• No martingale, no grid trading
• Volatility filter to skip noisy sessions
• Dynamic stop-loss & take-profit levels
• Auto-lot sizing based on account balance
• Built-in profit-lock to protect gains

How It Works

Free Money Expert EA analyzes price action using a proprietary blend of moving averages and ATR (Average True Range). When the trend is confirmed—say, price above a fast EMA and rising ATR—it opens a position in the direction of momentum. A flexible stop-loss sits just beyond recent swing highs or lows, while take-profit is set at a fixed 1:1.5 risk-reward ratio. Once the position moves into profit, the profit-lock activates, trailing your stop to break-even plus a small buffer. This approach keeps you in winning trades while culling losers early.

Installation Guide

Download the FreeMoneyExpertEA.ex4 file from the product page.

Copy the file into your MT4 Experts folder (e.g., C:\Program Files\MetaTrader 4\MQL4\Experts).

Restart MT4 to refresh the Navigator panel.

Drag & drop “Free Money Expert EA V1.0” onto your chosen chart.

Import the recommended settings from FreeMoneySettings.tpl (attached).

Enable automated trading by clicking the AutoTrading button in MT4’s toolbar.

Recommended Settings

Risk per trade: 1–2% of equity

Magic Number: 100001

Max spread: 3 pips

Trading hours: 00:00–23:59 (all sessions)

Max open trades: 3 per pair

Trailing stop step: 10 pips
Adjust these parameters in the EA inputs tab to match your broker’s conditions and preferred risk tolerance.

Backtest & Live Results

In a six-month backtest on EURUSD (Jan–Jun 2025), starting with $2,000, the EA delivered a net profit of 32%, with a maximum drawdown of 5%. The equity curve showed smooth, incremental gains—no big spikes or sudden drops. We also ran it live on a small account at MyBroker.com, where it averaged 0.9% daily over 30 trading days, with only 1.8% max drawdown. These results underscore the EA’s ability to navigate both trending and range-bound markets without blowing accounts.

Risk Management

Free Money Expert EA avoids high-risk tactics like martingale or grid trading. Instead, it uses:

Fixed fractional sizing to limit exposure per trade

Built-in spread filter to skip trades when your broker’s spread is too wide

Time filter to avoid low-liquidity sessions (e.g., rollover hours)
This conservative framework ensures your capital is protected, even during volatile moments.