The forex market never stands still—and neither should your EA. Elise EA MT4 V6.2.04 is the newest build of the well-known Elise bot, rebuilt for adaptive trade logic, safer risk management, and prop-firm compliance. Available 100% free on ForexFactory.cc and powered by YoForex, Elise V6.2.04 is designed to keep you in the game when volatility shifts.


Unlike older builds that leaned too heavy on fixed strategies, this version introduces volatility-normalized entries, ATR-based exits, and strict equity guards. No martingale, no infinite grids—just smart risk-managed positions designed for EURUSD, GBPUSD, USDJPY, and Gold (XAUUSD) across M15–H1.


Key Features


• Adaptive trading core – responds to changing volatility and structure
• ATR-based stop & target – dynamic risk control vs static points
• No martingale/grid – capped exposure, fixed % risk per trade
• Equity guard – daily loss cap + overall DD limiter
• Prop-firm friendly – risk templates align to 5%/10% rules
• News pause option – skip major red events (NFP, CPI, FOMC)
• Session filter – avoid low-liquidity times & rollover spreads
• Optimized pairs: EURUSD, GBPUSD, USDJPY, XAUUSD
• Timeframes: M15–H1 tested; scalper preset for M5 advanced users
• Free lifetime updates with YoForex support


Backtest & Live Performance



  • Period: Jan 2022 – Jul 2025

  • Pairs/TFs: EURUSD H1, GBPUSD M30, XAUUSD M15

  • Win Rate: ~56–62%

  • Profit Factor: ~1.45–1.70

  • Max DD: 7–9%

  • Equity curve: Steady stair-step growth, shallow pullbacks cut by equity guard



Live Forward Notes:



  • ECN brokers with tight spreads gave results closest to backtests

  • Gold (XAUUSD) required strict spread guard + news pause to stay stable

  • Trailing exits outperformed fixed TPs during trend months

  • Balanced presets kept drawdown well inside prop firm limits


Installation & Setup



  1. Download EA → https://forexfactory.cc/ea/elise-ea-mt4-v6-2-04

  2. Copy .ex4/.mq4 into MT4 → MQL4 → Experts

  3. Restart MT4 or Navigator → Refresh

  4. Attach to chart (EURUSD H1 recommended to start)

  5. Enable Algo Trading

  6. Load the included preset/set file


Why YoForex Tools


YoForex doesn’t abandon its bots. We maintain, optimize, and publish updates when volatility changes—keeping them relevant and safe.



  • Free lifetime updates

  • Prop-firm tuned settings

  • Transparent optimization notes


Support & Disclaimer



Disclaimer: Trading forex/CFDs is risky. Past performance is not a guarantee of future results. Always demo-test first. Confirm your prop firm’s EA policies before live use.



FAQ


Q1: What pairs & timeframes work best?
A: EURUSD, GBPUSD, USDJPY, and XAUUSD on M15–H1.


Q2: Does Elise EA V6.2.04 use martingale?
A: No—risk is fixed per trade, no doubling or infinite grids.


Q3: Is it prop firm safe?
A: Yes—presets follow 5%/10% daily/equity risk guidelines.


Q4: VPS required?
A: Strongly recommended for stable execution.


Q5: Minimum deposit?
A: $300–$500 for default risk; demo first always.


How It Works



  • Detects trend bias + pullback setups

  • Normalizes volatility via ATR

  • Places fixed-risk trades, capped exposure

  • Manages trades with break-even & trailing stop

  • Enforces equity guard & news/session filters


Call to Action


Want a smarter EA that adapts instead of guessing? Download Elise EA MT4 V6.2.04 free now. Test on demo, then scale live once you’re comfortable.


???? Download: https://forexfactory.cc/ea/elise-ea-mt4-v6-2-04
???? Support: https://wa.me/+443300272265 | https://t.me/yoforexrobot


Happy Trading