Overview


Sick of EAs that overtrade and burn your account on every candle wiggle? Enter BKP EA V1.0 MT4—a clean, disciplined MT4 expert advisor that hunts pullbacks within strong trends, then times entries near value zones where risk is tight and payoff is real. It’s 100% free on ForexFactory.cc, fully powered and maintained by YoForex.


What BKP does: it first establishes higher-timeframe trend direction, then watches for a controlled retracement back to a confluence zone (think moving-average channel + recent structure + volatility bands). If spread, slippage, and session filters are all green, BKP EA V1.0 MT4 takes a single, risk-defined entry with ATR-anchored stops. No martingale. No grid. No revenge trading. The goal is smooth growth—coz capital preservation beats YOLO any day.


Designed for real trading: Works on EURUSD, GBPUSD, XAUUSD, USDJPY, and US30 (for index fans) with a sweet spot on M15–H1 timeframes. Typical risk is 0.5–1.0% per position, with partial take-profits to de-risk early and momentum trailing on the runner. If you’re trading prop rules, you’ll appreciate the daily loss guard and equity-based pause.


Built by YoForex: The parent brand behind ForexFactory.cc free tools. We prototype, backtest, forward-test, then run live before a public release. You’ll get free lifetime updates, transparent notes, and quick support on Telegram & WhatsApp.


Download (free forever):
https://forexfactory.cc/bkp-ea-v1-0-mt4


Key Features


• Pullback-Within-Trend Logic — filters for strong directional bias first, then buys/sells the dip/pop, not the top.
• Multi-Confluence Entry — MA channel + recent swing structure + volatility band ping to avoid shallow, noisy retraces.
• ATR-Based Stop Loss — dynamic distance that adapts to pair volatility; no fixed “one size fits none.”
• Partial Take-Profits — books some at 1R/1.2R, then trails the rest; smooths equity and helps psychology.
• Session & News Filters — focus on London/NY overlap; optional pause for red-flag events.
• Spread & Slippage Gate — refuses trades when market conditions are trash (high spread spikes).
• Daily Loss Guard — auto-halts trading if daily risk budget is hit (prop-firm friendly).
• One-Chart Multi-Pair Mode — optional controller lets you manage multiple symbols from a single chart.
• Clean Alerts & Logging — desktop/mobile push notifications with clear reason tags.
• Broker Agnostic (ECN recommended) — low spread + fast execution = happier stats.
• Light on CPU — optimized code path so it won’t lag your terminal.
• No Martingale, No Grid, No Hedging — just disciplined, rule-based entries and exits.


Backtest Proof & Live Performance


Methodology



  • Data Range: Jan 2020 – Sep 2025 (primary), extended robustness checks to 2016.

  • Symbols: EURUSD, GBPUSD, XAUUSD, USDJPY, US30.

  • Timeframes: M15, M30, H1.

  • Modeling: Tick-based with variable spread; conservative slippage.

  • Risk Template: 1% per trade (default), partial TP at 1R, trailing remainder.



Representative Results (risk-normalized)



  • Win Rate: 43–58% depending on symbol and session window.

  • Avg R per Trade: 0.35–0.60 (partials + trailing).

  • Max Drawdown: 5–11% typical with default risk; stress periods up to 13–15% (news filter off).

  • Expectancy: Positive across EURUSD, GBPUSD, XAUUSD; strongest on EURUSD M15 and XAUUSD H1.

  • Trade Frequency: ~2–5 trades/week/pair on M15; slightly fewer on H1.


Live Account Observations (YoForex internal run)



  • Window: Rolling 12–16 weeks with default risk.

  • Peak DD: ~7.2% during a choppy DXY phase.

  • Net Gain: 8–14% depending on the symbol mix; best basket was EURUSD + XAUUSD + USDJPY on M15/H1.

  • Behavior Note: Enabling the news pause reduced whip-outs and improved trailing efficiency.


Images to add (with alt text for SEO):




  1. Equity Curve Screenshot — alt: “Backtest equity curve for BKP EA V1.0 MT4”.




  2. Performance vs. Drawdown Chart — alt: “Risk vs reward for BKP EA V1.0 MT4”.




Installation & Setup


Getting BKP EA V1.0 MT4 onto your charts takes a minute, tops:



  1. Download from ForexFactory.cc →
    🔗 https://forexfactory.cc/bkp-ea-v1-0-mt4

  2. Copy the EA file (.ex4/.mq4) into:
    File → Open Data Folder → MQL4 → Experts → paste here.

  3. Restart MT4 to load the EA.

  4. Attach to Chart: Open your pair (EURUSD/XAUUSD/GBPUSD), select M15–H1, drag BKP EA V1.0 MT4 from Navigator → Experts.

  5. Allow Algo Trading: Tick “Allow live trading” in EA settings and enable Algo Trading in the MT4 toolbar.

  6. Load Presets (.set files): Use our pair/timeframe templates from the download pack; they include risk %, session filters, and news pause timings.

  7. Broker & VPS Tips: ECN/raw spread account recommended; VPS near your broker’s server to reduce slippage.

  8. Final Check: Make sure spread filter and daily loss guard match your prop-firm rules (if applicable).


Suggested extra image: “MT4 settings panel showing EA inputs for BKP EA V1.0 MT4” (alt text exactly that).



Why YoForex Tools (on ForexFactory.cc)?


Because we build for traders, not for screenshots. YoForex—the parent brand behind ForexFactory.cc—follows a straight pipeline: research → prototype → backtest → forward-test → live audit → public release (free). You get:



  • Free lifetime updates (small, frequent improvements > giant risky overhauls).

  • Ongoing optimizations (pair presets, smarter trailing, volatility-aware entries).

  • Transparency (notes about what changed and why).

  • Community feedback loops (you ask, we tune—within reason, ofc).


Explore more on ForexFactory.cc:



Support & Disclaimer


Need help picking pairs, tuning risk, or scheduling trading sessions? We’ve got you.



We answer install issues, preset questions, and performance tuning. If you want, share your Myfxbook/FX Blue links and we’ll comment on alignment with defaults.


Disclaimer: Past performance does not guarantee future results. Market conditions, spreads, slippage, and VPS latency can materially affect outcomes. Always start on demo, then size in gradually. Never risk money you can’t afford to lose.


FAQ (Schema-Friendly)


Q1: Is BKP EA V1.0 MT4 really free?
Yes—100% free on ForexFactory.cc, powered by YoForex.


Q2: Which pairs and timeframes does it support?
EURUSD, GBPUSD, XAUUSD, USDJPY, and US30 on M15–H1 (most stable in our tests).


Q3: Does BKP use martingale, grid, or hedging?
No. Fixed-fractional risk, ATR stops, partial TP, trailing runner. That’s it.


Q4: Is it prop-firm friendly?
Yep. Daily loss guard + equity pause help keep rules intact. Don’t exceed 1%/trade unless you know your firm’s drawdown math cold.


Q5: Minimum deposit and leverage?
We suggest $300–$500+ with 1:200 leverage or better. If you’re smaller, consider 0.25–0.5% risk/trade.


Q6: Do you provide set files?
Yes—pair/timeframe presets are included in the download.


Q7: Do I need a VPS?
Recommended. Stable latency = better fills and tighter spread compliance.


How It Works (Quick Bullets)



  • Confirms higher-timeframe trend (no counter-trend heroics).

  • Waits for a controlled pullback into a confluence zone.

  • Checks spread & slippage before entry; skips messy conditions.

  • Uses ATR-based stops, partial take-profits, and trailing to capture extended legs.

  • Applies session filters (focus on liquid hours) and optional news pause for choppy headlines.


Call to Action


You don’t need another flashy promise—you need an EA that respects risk and trades only when it should. BKP EA V1.0 MT4 keeps it boring on purpose, so your equity curve can look, well… less exciting and more up-and-to-the-right.


🔥 Download your free copy now → https://forexfactory.cc/bkp-ea-v1-0-mt4


Got questions? Ping us:
Telegram: https://t.me/yoforexrobot
WhatsApp: https://wa.me/+443300272265


No paywalls. No “trial”. Just a solid, free ForexFactory EA from YoForex—with unlimited support.


Happy Trading