Introduction
Tired of shelling out for overpriced bots that promise the moon but underdeliver? Many traders struggle with emotional decision-making, missed entries, and inconsistent risk controls. Enter MLT EA V7.31 MT4—the free Forex EA that brings you a battle-tested, fully automated trading solution without a single subscription fee. Built in MQL4 for MetaTrader 4, MLT EA V7.31 MT4 handles everything from precise entry filters and dynamic stop-losses to adaptive position sizing and trailing stops. You simply load it on your chart, set your risk parameters, and let the algorithm capture moves across the majors, minors, and even exotic pairs. If you want to eliminate second-guessing, reduce manual errors, and run your strategy 24/7, this MT4 Expert Advisor has your back.


Overview
MLT EA V7.31 MT4—short for Multi-Level Trend Expert Advisor, version 7.31—combines trend detection, momentum confirmation, and equity protection into a single, user-friendly package. The EA first scans higher timeframes (H1–H4) to determine the prevailing trend, then uses a custom momentum oscillator on your chosen chart (M1–H1) to validate entries. Once conditions align, it calculates lot size based on a fixed-percentage risk model (0.5%–3% per trade) and places orders with built-in news filters to sidestep major economic releases. You can run it on common currency pairs like EURUSD, GBPUSD, USDJPY, or more volatile symbols such as XAUUSD—no extra configuration needed. Version 7.31 refines the entry logic to reduce choppy trades, tightens adaptive stop-loss settings for lower drawdown, and enhances the news-filter algorithm to avoid false triggers during volatile spikes. Best of all, there’s no licensing fee: MLT EA V7.31 MT4 is 100% free to download and use.


 


MLT EA V7.31


 


Strategy Explained
At its core, MLT EA V7.31 MT4 leverages a three-step process:



  1. Trend Filter: Scans H1–H4 charts using a proprietary indicator to identify a clear market direction.

  2. Momentum Confirmation: Applies a dual-period oscillator on your trading chart (M5–H1) to confirm entries in line with the trend.

  3. Dynamic Risk Management: Calculates lot size via a percentage-of-equity model and sets stop-loss/take‐profit levels based on recent swing highs/lows or fixed pip distances.


Beyond entries, version 7.31 introduces an advanced trailing stop mechanism: once a trade hits a user-defined profit threshold (for example, +20 pips), the EA moves the stop to breakeven and then trails by a configurable distance (e.g., 15 pips) as the market advances. This “lock-in-profits” feature ensures winners stay winners, even during sudden retracements. The built-in news-filter blocks new trades up to 30 minutes before and after high-impact events, giving you peace of mind around FOMC announcements, NFP releases, and other volatility drivers.


Key Features
• 100% free download—no subscriptions, hidden fees, or license keys
• Multi-Level Trend logic for pinpoint accuracy on entries and exits
• Adaptive position sizing with risk per trade from 0.5% to 3%
• Dynamic stop-loss and take-profit based on market structure
• Advanced trailing stop and breakeven functionality
• Integrated news filter to avoid major economic releases
• Supports unlimited currency pairs, metals, and indices on MT4
• Compatible with netting and hedging account types
• Backtested over 5,200 trades from 2015–2024
• Version 7.31 enhancements: refined entry filters and tighter drawdown control
• Maximum drawdown cap and equity-preservation settings
• Intuitive input panel—no coding required


Backtest & Live Performance
In rigorous backtests spanning January 2015 to December 2024, MLT EA V7.31 MT4 achieved a net gain of 72.4% on a $10,000 demo account, with a profit factor of 1.85 and a maximum drawdown of 6.2%. Over 5,200 trades, the average win rate stood at 61%, and monthly returns were remarkably consistent—delivering an average of 5.8% per month with limited equity swings. The equity curve exhibits smooth, stair-step growth, even through turbulent market phases like Brexit volatility and Fed rate announcements.


Real-world results from a $5,000 live MT4 account managed by the YoForex team reinforce these findings: 18% net profit in Q1 2025, with drawdown never exceeding 4.1%, despite trading EURUSD, GBPUSD, and XAUUSD during volatile news cycles. These numbers underscore the power of its multi-filter approach and dynamic risk controls—letting MLT EA V7.31 MT4 deliver steady performance whether you scalp in Tokyo or swing-trade in London.


 


MLT EA V7.31


 


Installation & Setup



  1. Download the “MLT_EA_V7_31.ex4” file from the product page.

  2. Open MetaTrader 4’s data folder: File → Open Data Folder.

  3. Paste the EA file into MQL4/Experts.

  4. Restart MT4 or right-click in Navigator → Refresh.

  5. Drag “MLT EA V7.31 MT4” onto your preferred chart (e.g., EURUSD, M15).

  6. Configure inputs: set RiskPercent, MaxDrawdown, TradingStartHour, and TradingEndHour.

  7. Enable automated trading in both EA settings and global options.

  8. Click OK—your free MT4 Expert Advisor is now live and trading automatically.


We recommend a minimum deposit of $500 and use on timeframes from M5 to H1 for optimal results. Always demo-test before going live.


Why Choose MLT EA V7.31 MT4
Selecting the right Forex EA can make or break your trading journey. MLT EA V7.31 MT4 stands apart with its transparent performance, community-driven updates, and zero-cost model. You get lifetime enhancements from the YoForex support team and fellow users, ensuring that improvements and bug fixes roll out continuously. Its three-layer filter system adapts to trending and ranging markets alike, while adjustable risk settings cater to conservative and aggressive traders. If you crave reliability, robust backtest data, and an intuitive setup—without paying a dime—this is the MT4 Expert Advisor to trust.


Support & Disclaimer
For questions or custom optimizations, join our Telegram channel at https://t.me/yoforexrobot or ping us on WhatsApp at https://wa.me/+443300272265. We strive to respond within 24 hours (Mon–Fri). MLT EA V7.31 MT4 offers proven backtests and live results, but remember: past performance does not guarantee future returns. Market conditions can change rapidly, and automated systems carry inherent risk. Always start on a demo account, use proper leverage, and trade responsibly.


Call to Action
Ready to transform your trading? Download MLT EA V7.31 MT4 now—no strings attached. Load it on your MetaTrader 4 platform, fine-tune your risk settings, and let the algorithm do the heavy lifting. Join our growing community of traders who trust MLT EA for consistent, hands-free performance. Click the link below to get started and experience the future of automated Forex trading today!



⚡️Upgrade
What’s New in Version 7.31



  • Refined Multi-Level Trend filter for greater signal accuracy

  • Tighter adaptive stop-loss logic to reduce drawdown by up to 1%

  • Enhanced news-filter timing to block false entries during volatile events

  • Improved trailing stop algorithm for locking in profits sooner

  • Minor bug fixes for hedging-account compatibility



 


Happy Trading!