BenderFX EA V2 Source Code MQ4 + Setfiles

BenderFX EA V2 (Benderv2) – Fibonacci Martingale EA for MT4 on XAUUSD, EURUSD, and AUDJPY

BenderFX EA V2, also known as Benderv2, is a price action and Fibonacci-based martingale Expert Advisor for MetaTrader 4, built to trade XAUUSD, EURUSD, and AUDJPY on M15 and H1 charts. A public Myfxbook demo account record is available as a reference point for evaluating strategy behavior. This listing delivers the EA in official .ex4 format only — unauthorized source-code and unlocked versions are not sanctioned by BenderFX.

Key Highlights

• ✅ Trades XAUUSD, EURUSD, and AUDJPY on M15 and H1 using Fibonacci zones, W/M pattern recognition, and candlestick analysis
• ✅ Confirmed martingale position sizing — understand this risk model before buying
• ✅ Includes 12 optimized set files for M15 and H1, plus weekly AI-generated set files from BenderFX
• ✅ Configurable trading-hour limits, daily profit/loss caps, and stop-loss options in input settings
• ✅ Delivered in official .ex4 format for MetaTrader 4 — not a source-code or unlocked copy

Performance Results

The primary proof available for BenderFX EA V2 is a public Myfxbook page for the account “BenderFX_V2 Unlimited – AGRESSIVO,” recorded on a ForexTime demo USD account running MetaTrader 4. The page shows +59.71% total gain, 30.96% drawdown, and $597.10 net profit from a $1,000 starting balance. Active trading spans approximately August 13 through September 1, 2023 — roughly three weeks — with the account last updated November 16, 2023.

This is demo account data covering a short period under a single set of market conditions. Public live verification on a real-money account is not included on this page at this time. The proof shown here should be treated as demo account evidence, not public live verification. We recommend demo validation before live use.

A separate backtest image in the product materials covers GBPUSD on H1 from June 2023 to January 2024, showing $2,097 net profit from a $1,000 deposit with a maximum drawdown of 24.22%. GBPUSD is not among the officially documented pairs for Benderv2 — treat this backtest as supplementary context only, not a primary performance claim.

The 30.96% drawdown on the demo account reflects a martingale position-sizing model where losing trades compound at a 1.44 lot exponent. Under adverse market conditions — especially on XAUUSD — drawdown can deepen rapidly. Before using live capital, test the EA on a demo account with the included set files, control position size with the FixedLots parameter, allocate $400–$500 per pair minimum, and pause the EA manually before high-impact news events. No built-in news filter is included.

View the Myfxbook demo account record

How It Works

Strategy: Price action martingale using Fibonacci golden zones, W and M pattern recognition, Japanese candlestick signals, and support/resistance analysis. Targets XAUUSD, EURUSD, and AUDJPY on M15 and H1. Trade decisions trigger at the opening of each new candle on the selected timeframe.

Entry: Entry logic combines Fibonacci zone identification with pattern recognition on the selected timeframe. The periodForFibo parameter defaults to Hour_1. A breakout confirmation mode (goodCond = 1: Highs/Lows BO) is available with a configurable expiration timeframe; the default is None.

Exit: Primary exit is a fixed Take Profit of 100 pips (UseTakeProfit: true, TakeProfit: 100). Stop-loss is disabled in the default configuration (UseStopLoss: false) — validate exit behavior during demo testing and decide whether to enable stop-loss before live deployment.

Risk Control: Starting lot is 0.01 with a martingale lot exponent of 1.44 (LotsExponent). Pipstep between martingale entries is 120. Trading-hour restriction is available (limitTime, from/to in local hours) but disabled by default. Daily profit and daily loss limits exist in the input parameters but are set to 0 (no limit) by default — configure these before live use.

✅ Best conditions: Trending or ranging XAUUSD sessions • Low-spread execution • Trading during hours supported by the included set files

⚠️ Caution: High-impact news events (no built-in news filter — pause manually) • Accounts under $400 per active pair • Running without first observing the martingale lot sequence behavior in demo

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• Experienced EA traders who understand martingale compounding risk and have tested position sizing before live deployment
• MT4 traders with sufficient per-pair capital ($400–$500 minimum) to absorb martingale drawdown sequences
• Traders who want a structured Fibonacci entry framework with ready-to-use set files rather than manual optimization

✅ Best results when:

• Running on a low-spread broker with stable execution on XAUUSD or EURUSD during active sessions
• Trading-hour limits and daily loss caps are configured in the EA inputs before live use
• The martingale lot sequence has been observed in demo for at least 60–90 days before committing live capital

This EA is not suited for traders who want fixed-lot sizing with no position compounding, or traders who cannot manually pause the EA around high-impact news events.

Download Package Included

• ✅ Experts: 
  • BenderFX EA V2 Source Code.mq4
• ✅ Presets: 
  • BENDER EURUSD M30.set
  • BENDER PERFECT SET.set
  • BENDER_GBPUSD_M15.set
  • GERANCIAMENTO MODERADO GRAFICO 5M BDR-FX 30 DOLARES 0.01 CENTS.set
  • GERENCIAMENTO AGRESSIVO GRAFICO 5M BDR-FX 40 DOLARES 0.01 CENTS.set
  • GERENCIAMENTO CONSERVADOR GRAFICO 15M BDR-FX 30 DOLARES 0.01 CENTS.set
  • GERENCIAMENTO SUPER AGRESSIVO GRAFICO 5M BDR-FX 100 DOLARES 0.01 CENTS.set

Product download link is sent immediately via email after purchase.