Price Action EA V1.0 MT4

If you’ve been looking for an EA that cuts through the clutter—no RSI, no MACD, no lagging signals—Price Action EA V1.0 is your guy.

This bot follows pure candlestick structure and momentum, executing trades based on support/resistance rejections, engulfing bars, and trend continuation patterns. It’s like having a disciplined price action trader on auto-pilot.

Released by YoForex and now available for free on ForexFactory.cc, Price Action EA is a clean, logic-driven tool for modern traders.

What Is Price Action EA V1.0?

Price Action EA V1.0 is a MetaTrader 4 Expert Advisor designed to trade without any indicators. It uses raw price data—specifically candlestick patterns, wick analysis, and structure breaks—to determine high-probability trade entries.

Whether you're scalping or swing trading, this bot can adapt based on your preferred timeframe and risk model. It’s light, fast, and totally customizable.

Perfect for traders who follow market structure and want automation without losing the “manual feel.”

Key Features of Price Action EA V1.0

• No indicators – uses pure candlestick logic

• Detects engulfing candles, pin bars, and breakout retests

• Compatible with all timeframes (M15, H1, H4 preferred)

• Works on Forex majors, Gold, and Indices

• Optional filters: session time, max spread, news avoidance

• Clean risk control – fixed % or fixed lots

• Built-in trailing SL & breakeven logic

• No martingale, grid, or doubling down

• Excellent for prop firm-style rules

• Lightweight and stable on VPS

• Free forever via YoForex

Strategy Logic – How It Trades

✅ Bullish/Bearish Engulfing Confirmation

✅ Pin Bar + Breakout

✅ Structure Break + Candle Close

✅ Rejection Candles at SR Levels

Backtest Results – EURUSD & XAUUSD

???? Test Setup

Pairs: EURUSD (M15), XAUUSD (H1)

Period: Jan 2022 – Apr 2024

Spread: 1.5 pips

SL/TP: 1:2 RR (e.g. 15 pips SL, 30 pips TP)

???? Max Drawdown: 4.9%
???? Monthly ROI (avg): 6.5%
✅ Win Rate: ~68% with default logic

Installation & Setup

Download EA → Click here

Extract ZIP folder

Copy PriceActionEA_V1.0.ex4 to:
...\MQL4\Experts\

Restart MT4 or refresh Navigator

Open chart (e.g. EURUSD H1), drag EA

Load the .set file for quick setup

Click “AutoTrading” and let it run

Why YoForex Bots Stand Out

???? Prioritize logic and risk

???? Match real trader psychology

???? Come with lifetime updates

???? Are 100% free and unlocked

???? Are tested with live market data

Support & Disclaimer

Need help? We’re always available to walk you through setup or customization.

???? WhatsApp: https://wa.me/+443300272265
???? Telegram: https://t.me/yoforexrobot

Disclaimer:
Price Action EA is a logic-based tool, not a crystal ball. Past performance is no guarantee of future results. Always use proper risk and demo testing before going live.