Hundred Egg EA V1.4 MT4 – Free Scalping EA for MT4

Introduction

Traders, are you tired of missing out on quick scalping opportunities because manual execution just can’t keep up? Meet Hundred Egg EA V1.4 MT4, a lightweight yet powerful Expert Advisor designed specifically for MetaTrader 4. This MT4 expert advisor brings precision scalping logic, low-latency order execution, and advanced risk management all in one downloadable package. Whether you’re a novice looking for an entry into automated trading or a seasoned pro craving consistency, the Hundred Egg EA V1.4 MT4 is here to help you seize micro-movements in the market—no more second-guessing or missed ticks.

You’ll find this ForexFactory EA available directly on ForexFactory.cc, complete with user reviews, installation guides, and free lifetime updates courtesy of YoForex. In this in-depth blog post, we’ll cover everything from core features and backtest proof to installation steps and why this MT4 expert advisor deserves a spot in your trading toolkit.

Overview

The Hundred Egg EA V1.4 MT4 is a fully automated scalping robot built in MQL4 and optimized for tight spreads, low-latency brokers, and highly liquid currency pairs. A product of meticulous development and live-forward testing by the YoForex team, this ForexFactory EA targets short-term price fluctuations on M1 and M5 timeframes. Here’s what makes it stand out:

Precision Entry Logic: Utilizes a dual-indicator confirmation system that filters out noise and pinpoints high-probability trade setups.

Micro Turnover Scalping: Aims for 3–5 pips per trade on average, executing dozens of trades per day when market conditions permit.

Adaptive Risk Control: Drawdown protection and equity curve smoothing algorithms work in the background, adjusting lot sizes dynamically based on market volatility and account equity.

Low Resource Footprint: Light on CPU usage, allowing you to run multiple EAs in parallel without experiencing MT4 freezing issues.

Hundred Egg EA V1.4 MT4 also features user-customizable parameters for maximum drawdown per day, lot sizing rules, and spread filters—so you can tweak settings for any ECN or STP broker. Long story short, this ForexFactory EA combines simplicity and power in a single .ex4 file, making it a go-to choice for traders who want reliable scalping without clutter.

Key Features

• Version 1.4 Enhancements: Improved entry timing, refined exit logic, and reduced slippage.
• Multi‐Pair Compatibility: Pre‐configured for EURUSD, GBPUSD, USDJPY, and XAUUSD (Gold), but adaptable to most major pairs.
• Low‐Latency Execution: Designed to place market orders in under 0.2 seconds on a stable VPS.
• Adaptive Lot Sizing: Employs equity‐based risk management. Minimum lot size starts at 0.01, with progressive scaling up to 0.10 per lot.
• Spread and Slippage Filters: Automatically pauses trading if spread exceeds predefined threshold or slippage risk escalates, protecting your balance during volatile news events.
• Equity Drawdown Shield: Stops all trading activity if daily drawdown crosses a user-defined limit (default 3%).
• Trailing Stop Options: Customizable trailing stop logic that locks in profits when the trade moves in your favor by X pips—ideal for capturing extended scalps.
• Custom Trading Hours: Define active trading windows (e.g., London session only), preventing unwanted trades during low‐liquidity times.
• Easy Setup: Simple .input parameters allow quick optimization without requiring MQL4 coding knowledge.
• Backtest Ready: Clean code structure with no repaint indicators—perfect for thorough strategy validation using MT4’s strategy tester.
• Compact Footprint: Single .ex4 file under 75KB, ensuring minimal resource usage.
• No Third‐Party Dependencies: Self‐contained logic means no extra DLLs, no external API calls—just drop it into your MT4/Experts folder.

Backtest Proof & Live Performance

To demonstrate its reliability, YoForex conducted a robust backtest over June 1, 2022 to December 31, 2024 on EURUSD (M1). Results showed:

Total Trades: 4,850

Profit Factor: 1.87

Max Drawdown (Equity): 4.2%

Average Monthly Return: 3.4%

Win Rate: 68%

Below is a summary of the equity curve (backtest) and live‐account performance:

The equity curve exhibited smooth, incremental growth with no prolonged equity dips beyond 5%.

During high‐volatility news weeks (e.g., FOMC releases), the EA’s slippage filter kicked in to protect capital.

Live trading on a $5,000 demo account yielded a 12.8% gain over three months (Jan 2025–Mar 2025) with a maximum drawdown of 3.5%.

In real‐account testing conducted by YoForex’s team on a true ECN broker, the Hundred Egg EA V1.4 MT4 consistently locked in small profits ranging from 2–5 pips per trade, averaging 7–10 trades per day. Importantly, it maintained low correlation with the overall market—meaning it mitigated portfolio risk rather than amplifying it.

Equity Curve Screenshot: Backtest equity curve for Hundred Egg EA V1.4 MT4
Performance vs. Drawdown Chart: Risk vs reward for Hundred Egg EA V1.4 MT4

Hundred Egg EA V1.4

Installation & Setup

Getting Hundred Egg EA V1.4 MT4 up and running is straightforward—even if you’re new to Expert Advisors:

Download the EA from the Official ForexFactory.cc page (use the link below).

Locate Your MT4 Directory: Open MetaTrader 4, click “File” → “Open Data Folder.”

Copy .ex4 File: Drop “HundredEggEA_V1.4.ex4” into MQL4/Experts folder.

Restart MT4: Close and relaunch MetaTrader 4 to refresh the Navigator panel.

Attach to Chart: In the Navigator window, expand “Expert Advisors,” find Hundred Egg EA V1.4 MT4, and drag it onto your preferred currency pair chart (M1 or M5 recommended).

Import Recommended Settings: Click “Properties” → “Inputs,” then load “HundredEggEA_Recommended.set.” These default settings are optimized for EURUSD on a 0.1% risk per trade.

Enable AutoTrading: Ensure the “AutoTrading” button on the top toolbar is activated (green). ForexFactory EA will now begin scanning for valid scalping signals.

Even if you’re running multiple EAs simultaneously, Hundred Egg EA’s low‐resource footprint ensures your MT4 remains responsive. For best results, run it on a VPS located in New York (if you trade US sessions) or London (if you trade GBP pairs).

Why Choose Hundred Egg EA V1.4 MT4?

You might wonder, “There are dozens of scalping EAs out there—why Hundred Egg?” Here’s why YoForex’s creation stands apart:

Transparent Performance: All backtest and live results are publicly posted on ForexFactory.cc. No hidden metrics, no cherry‐picking.

Free Lifetime Updates: Whenever YoForex improves the code—whether it’s refining risk management or adding a new currency pair—version upgrades are 100% free.

Built by Traders, for Traders: The development team at YoForex is composed of veteran scalpers who understand slippage, fill speed, and drawdown psychology firsthand.

Active Community Support: Join the discussion thread on ForexFactory.cc to share settings, discuss optimization ideas, or report bugs. A vibrant user base means faster troubleshooting and continuous improvement.

No Hidden Fees: Unlike some EAs that lock key features behind paywalls, Hundred Egg EA V1.4 MT4 is entirely free—no trial periods, no subscription.

Simple to Adapt: If your broker has slightly different margins or swap structures, tweaking the input parameters by a few lines is all it takes to optimize performance.

When you download this ForexFactory EA, you’re not only getting a cutting-edge MT4 expert advisor—you’re joining a community of traders who continuously test, tweak, and refine the strategy.

Support & Disclaimer

If you encounter any hiccups—be it installation errors, erroneous backtest data, or simply need help fine-tuning the settings—YoForex’s support channels are open:

WhatsApp: https://wa.me/+443300272265

Telegram: https://t.me/yoforexrobot

Feel free to drop us a message at any time. We aim to respond within 12 hours.

Disclaimer: Past performance is never a guarantee of future results. The Forex market is inherently risky, and no Expert Advisor can eliminate risk entirely. Always demo‐test any settings on a practice account before deploying real capital. Use proper position sizing and never risk more than you can afford to lose.

Call to Action

Ready to automate your scalping strategy and capture micro-pip profits day after day? Download the Hundred Egg EA V1.4 MT4 from ForexFactory.cc right now—no strings attached. Install it on your MetaTrader 4 platform, import our recommended settings, and watch the EA work its magic. Remember, whether you’re trading EURUSD, GBPUSD, or Gold, this MT4 expert advisor is geared for consistent, low-drawdown results.

Don’t miss out on free lifetime updates or community‐driven optimizations. Join the growing group of traders who trust Hundred Egg EA V1.4 MT4 for daily scalp profits—risk‐managed, lightning‐fast, and entirely customizable.

⚡️Upgrade

Version 1.4 (May 2025)
- Optimized entry logic for diminished false signals in choppy markets
- Refined exit algorithm to reduce premature stop-outs
- Lowered minimum spread threshold to 1.2 pips for multi-pair trading
- Advanced equity drawdown shield (auto-pause at 3% by default)
- Added “Weekend Auto-Disable” feature to prevent trades on Fridays after 10 PM GMT