BenderFX EA V2 Source Code MQ4 + Setfiles

BenderFX EA V2 Source Code MQ4 Introduction

BenderFX EA V2 Source Code MQ4 provides an automated MetaTrader 4 trading solution specifically engineered to eliminate emotional trading decisions through systematic market analysis and execution. This advanced grid-recovery EA operates on GBPUSD and EURUSD pairs using M15/H1 timeframes, combining Fibonacci analysis with breakout strategies for trend identification and position management. Live performance data shows +59.71% gains with 30.96% maximum drawdown, demonstrating the EA’s commitment to transparent, results-driven automated trading.

Key Highlights

• Sophisticated Grid Management: Utilizes customizable Pipstep intervals (120 pips default) with exponential lot progression (1.44 multiplier) for systematic position recovery, plus daily profit/loss controls

• Dual-Strategy Trading Logic: Integrates Fibonacci market structure analysis with High/Low breakout detection, employing configurable entry conditions and basket-style take-profit management for optimal trend capture

• Complete Source Code Access: Provides full MQL4 source code (.mq4 file) enabling complete strategy transparency, custom modifications, and educational value for understanding professional grid trading implementation

• Documented Live Performance: Achieved +59.71% gain with 30.96% drawdown in verified live trading, complemented by 310% profit over 6-month backtest demonstrating consistent automated execution

• Risk Management Imperative: Employs Martingale-style lot progression that can amplify losses during extended unfavorable market conditions – users must enable stop-loss features and implement conservative position sizing

BenderFX EA V2 Source Code MQ4 Recommended

• Trading Platform: MetaTrader 4 (MT4)
• Currency Pairs: GBPUSD, EURUSD (with optimized preset configurations)
• Timeframe: M15, H1 (primary recommendation), M5, M30 (secondary support)
• Minimum Deposit: $500 USD minimum for proper risk management
• Leverage: 1:100 to 1:500 – verify broker compatibility and understand amplified risk exposure
• Account Types: Compatible with ECN and Standard account structures
• Trading Sessions: 24/5 operation with optional time filtering for volatility avoidance

Installation and Usage Tips

• FixedLots (0.01): Sets initial position size – begin with minimum values for risk assessment
• LotsExponent (1.44): Controls grid recovery multiplier – consider reducing to 1.0 for non-Martingale operation
• TakeProfit (100): Defines basket closure threshold in pips – adjust for currency pair volatility characteristics
• Pipstep (120): Establishes grid level spacing – optimize based on pair’s average daily range
• UseStopLoss (false): Critical to enable with appropriate values for capital protection
• dailyProfit/dailyLoss (0): Set daily limits to control maximum session exposure
• openCond (2): Entry strategy selector – 1 for Breakout mode, 2 for Fibonacci approach
• limit_time (false): Time-based trading restriction for news avoidance

Risk Warning: Default Martingale settings can lead to significant drawdowns – enable stop-loss protection and consider conservative lot multipliers.

BenderFX EA V2 Source Code MQ4 Review

BenderFX EA V2 demonstrates solid automated trading capabilities with comprehensive transparency through source code access. The EA successfully addresses common manual trading challenges including emotional decision-making and inconsistent execution. However, the Martingale-based recovery system requires experienced users who understand drawdown management and parameter optimization for sustainable results.

Live Trading Performance (MyFxBook):
• Total Gain: +59.71% verified return
• Maximum Drawdown: 30.96%
• Average Monthly Gain: 33.56%
• Account Growth: $1,000 to $1,597.10

Extended Backtest Results:
• Net Profit: $2,097 (310% return)
• Test Period: 6 months (June 2023 – January 2024)
• Maximum Drawdown: 24.22%
• Initial Capital: $1,000

Why Choose BenderFX EA V2 Source Code MQ4

• Unmatched Transparency: Complete MQL4 source code access allows full strategy analysis and customization, unlike typical encrypted commercial EAs
• Verified Real Performance: Documented live trading results with clear risk metrics provide authentic performance validation beyond theoretical backtests
• Comprehensive Risk Controls: Multiple safety mechanisms including daily limits, time filtering, and adjustable progression rates for personalized risk management
• Advanced Recovery Algorithm: Sophisticated grid system designed to profit from market ranging while maintaining systematic approach to position management
• Educational Investment: Combines potential profitability with valuable learning opportunities in grid trading mechanics and MQL4 programming

Conclusion

BenderFX EA V2 Source Code MQ4 offers advanced automated trading with complete strategy transparency through source code access. Ideal for experienced traders seeking systematic automation with customizable risk management. Strong performance potential requires understanding of Martingale risks and implementation of appropriate safety protocols.

Ready to Use BenderFX EA V2 Source Code MQ4?

• Telegram Support: https://t.me/+TT_oy2yBiQZjZjE1 
• Email Contact: [email protected]
• Website: cheapforexea.com

BenderFX EA V2 Source Code MQ4 Download Packages:

• Link download experts:
  • BenderFX EA V2 Source Code MQ4.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