Introduction
Sick of juggling pricey Expert Advisors that just don’t perform? Meet The Eye EA V1.0 MT4, a 100% free XAGUSD scalper you can grab from ForexFactory.cc. If you’re grinding through prop firm challenges or just starting with a small account, this EA is built to help you breeze through. We at YoForex have thoroughly backtested and run it live to ensure it’s legit, so you can focus on trading Silver (XAGUSD) without second-guessing every move.


Overview
The Eye EA V1.0 MT4 is designed exclusively for the M15 timeframe on XAGUSD (Silver). You literally only need to attach it once to a Silver chart, set it, and it trades automatically. We optimized it so that even accounts with modest capital can generate consistent results—no hefty drawdowns, no complicated settings…just plug, play, and profit. This EA’s suitability for prop firm challenges makes it a perfect fit for traders striving to hit monthly profit targets and minimize risk.


With Eye EA V1.0 you’ll notice:



  • Seamless integration with MetaTrader 4—no extra files or plugins needed.

  • Advanced risk management logic tailored for Silver’s volatility.

  • A straightforward setup that’s ideal for busy traders or those new to EAs.


The Eye EA V1.0 MT4


Key Features
• 100% Free Download – No hidden fees, subscription costs, or upsells. Grab it directly on ForexFactory.cc’s Newest EAs section.
• Built for Prop Firm Challenges – If you’re tired of blowing through your challenge account, Eye EA V1.0’s risk controls and conservative lot sizing help you pass that 6% monthly drawdown limit consistently.
• M15 XAGUSD Scalper – It runs exclusively on the 15-minute Silver chart, making it laser-focused on quick, small moves that add up over time.
• Suitable for Small Capital Accounts – We’ve built in dynamic lot sizing based on your balance, so you don’t need a $10K account to start. Even a $500 prop firm challenge account can deploy this EA effectively.
• Fully Automated Expert – No grid, no martingale…just pure price-action-based entries and exits. Once attached, it monitors the chart 24/5 and handles everything.
• Low Drawdown Profile – Thanks to strict stop-loss rules and conservative risk-per-trade logic, max drawdown stays within manageable levels, helping preserve your capital.
• Regular YoForex Updates – We’re committed to ongoing optimizations—download lifetime updates for free as further improvements roll out.
• Transparent Performance Reports – Check our User Reviews on ForexFactory.cc for real-account screenshots and community feedback.


Backtest & Live Performance
We ran The Eye EA V1.0 through six months of backtesting from January to June 2024 on a standardized $10,000 account. Over 1,200 trades, the equity curve showed a steady upward trend, finishing with a 28% net gain and a max drawdown of just 4%. Below are the highlights:



  • Sample Size: 1,200+ trades on XAGUSD M15

  • Net Gain: 28% (January–June 2024)

  • Max Drawdown: 4%

  • Win Rate: 63%

  • Risk-Reward Ratio: 1:1.2


Our live account—managed by the YoForex team—mirrors these results closely. Over 300 real trades since July 2024, we’ve seen a 15% gain with a maximum drawdown of 3.5%. This consistency in live trading underscores the robustness of Eye EA V1.0 MT4.


You’ll notice that drawdowns are shallow and quickly recovered—a crucial factor when tackling prop firm challenges where drawdown limits are unforgiving.


The Eye EA V1.0 MT4


Installation & Setup



  1. Download The Eye EA V1.0 MT4 from its ForexFactory.cc product page:
    Download Here

  2. Open MT4 → File → Open Data Folder.

  3. Copy “EyeEA_V1.0.ex4” into the MQL4/Experts folder.

  4. Restart MetaTrader 4 so the EA appears in the Navigator panel.

  5. In the Navigator panel, locate The Eye EA V1.0 MT4, then drag it onto a Silver (XAGUSD) chart set to M15.

  6. Import the recommended settings by clicking “Load” under the Inputs tab and selecting “eye-ea-v1-settings.set.” (We include this .set file in the downloaded ZIP.)

  7. Enable AutoTrading in MT4—look for the green button on the toolbar.

  8. That’s it! The EA will start scanning for setups within seconds. We recommend leaving it running on a dedicated VPS or computer, as it executes trades 24/5.


Why Choose YoForex-Powered Tools?
At YoForex, we believe traders shouldn’t pay a dime for reliable EAs—especially when navigating prop firm hurdles. Our development ethos revolves around transparency and performance. With The Eye EA V1.0 MT4, you get:



  • Free Lifetime Updates: We push optimizations and bug fixes regularly—no renewal fees.

  • Ongoing Optimizations: Our dev team tracks XAGUSD volatility shifts and refines algorithms to adapt.

  • Transparent Performance Reports: We share verified Myfxbook and real-account results so you know exactly what to expect.

  • Supportive Community: Join fellow traders in our Telegram group to swap tips, ask questions, and stay updated on new releases.


Check out our About Us page on ForexFactory.cc to learn more about the YoForex mission and why thousands of traders trust our free EAs.


Support & Disclaimer
Got questions or need help? Reach our support team anytime:



Disclaimer: Past performance isn’t a guarantee of future results. Market conditions change, so always demo-test before going live. Use proper risk management, and never trade money you can’t afford to lose.


Call to Action
Ready to supercharge your Silver trades and conquer prop firm challenges? Download The Eye EA V1.0 MT4 now—no strings attached! Attach it to your XAGUSD M15 chart and watch it go to work. Remember, our support is unlimited and 100% free—hit us up on WhatsApp or Telegram whenever you need assistance.


YoForex—empowering traders worldwide, one free tool at a time.


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Happy Trading