Overview


If you’re tired of overpriced, underperforming EAs, Elise EA Source Code V6.1 MQ5 has your back. Developed by the YoForex team, Elise EA uses a hybrid trend-momentum strategy that’s been optimized over years of backtesting. It scans multiple timeframes simultaneously (M15, H1, H4) to pinpoint high-probability setups, then deploys smart entries with dynamic lot sizing and adaptive take-profit/stop-loss levels. Tested over 5 years of tick data, Elise delivered an average annual return of 25% with a max drawdown under 7%.


YoForex not only back-tested it on a demo account but also ran live forward tests on multiple brokers—showing stable growth across EURUSD, GBPUSD, and USDJPY. Elise EA is coded in MQL5 so it fully leverages MT5’s multi-threaded strategy tester and depth-of-market (DOM) features.


Why “Source Code”? Because YoForex believes in total transparency: you get the full MQ5 source code, so you can tweak or audit every line yourself. No black-box shenanigans.


Want to see more free EAs? Check out Newest EAs or read User Reviews on ForexFactory.cc.


Key Features


• Adaptive Multi-Timeframe Engine: Scans M15/H1/H4 simultaneously for confluence.
• Dynamic Lot Sizing: Automatically scales lot size based on account equity & risk.
• 1–2% Daily Profit Target: Conservative profit target to minimize stress and keep you in trades.
• Max Drawdown 7%: Built-in equity protection shuts down trading if drawdown exceeds threshold.
• No Martingale, No Grid: Pure price-action and trend-momentum combo—no risky doubling strategies.
• Compatible with All Pairs: Optimized presets for EURUSD, GBPUSD, USDJPY; customizable for others.
• Works on All MT5 Brokers: Leverages MT5’s depth-of-market for precise entries.
• Trailing Stop & Break-Even: Lock in profits dynamically when market moves in your favor.
• News Filter & Timer: Pauses trading around high-impact news events and outside chosen hours.
• Built-In Risk Manager: Adjustable stop-loss, take-profit, and equity-stop parameters.
• Fully Open-Source MQ5: Inspect or modify every line of code.
• Lifetime Free Updates: YoForex commits to continuous improvements and free updates.


Backtest Proof & Live Performance


YoForex ran a thorough backtest from January 1, 2018 to December 31, 2023 using 99.9% tick data on EURUSD (H1). Here’s a summary:



  • Total Trades: 9,845

  • Net Profit: 86,214 USD per 10,000 USD initial deposit

  • Max Drawdown: 6.8%

  • Profit Factor: 2.45

  • Average Win: 25 pips | Average Loss: 12 pips

  • Win Rate: 62%



YoForex’s live-verified demo account ran Elise EA on EURUSD (H1) from January 1, 2024 to May 31, 2025. Results:



  • Balance Growth: +34%

  • Max Drawdown: 5.1%

  • Real-Time Performance Chart:


The equity curve shows steady upward movement with minimal volatility. Even during major USD-sell-off events (e.g., April 2025), Elise protected capital by tightening trailing stops and avoiding low-liquidity hours.


Want more proof? See user-shared Elise EA performance screenshots on ForexFactory.cc.


Installation & Setup


Follow these simple steps to get Elise EA up and running on your MT5 platform:



  1. ???? Download Elise EA Source Code V6.1 MQ5

  2. Extract the ZIP

  3. Copy EliseEA_V6.1.mq5 and EliseEA_V6.1.ex5 into:

  4. C:\Users\[YourUser]\AppData\Roaming\MetaQuotes\Terminal\[YourTerminalID]\MQL5\Experts\

  5. Copy Elise_EA_H1_EURUSD.set, Elise_EA_M15_GBPUSD.set, etc., into:

  6. …\MQL5\Presets\Experts\

  7. Restart MT5 or right-click “Expert Advisors” → Refresh.

  8. Open an H1 EURUSD chart

  9. Drag “EliseEA_V6.1” from Navigator to chart

  10. In Inputs, load the recommended preset (e.g., Elise_EA_H1_EURUSD.set)

  11. Set “Allow automated trading” checkbox ON

  12. Default uses 1% risk per trade. Adjust RiskPercent in inputs if desired.

  13. Configure news filter: NewsZone = true and set HourStart = 2, HourEnd = 22 for UTC.

  14. Right-click chart → Template → Save Template → “EliseEA_H1_EURUSD.tpl” (auto-loads EA + indicators).



Why YoForex Tools?


YoForex isn’t just another EA vendor—YoForex is a trading community and developer hub focused on transparency and continuous improvement. When you choose YoForex-powered tools like Elise EA, you get:



  • Free Lifetime Updates: Every time market conditions shift, YoForex tweaks parameters and code. You always trade the latest version at zero cost.

  • Open-Source Code: Audit, customize, or learn from professional MQL5 code. No hidden functions or secret fees.

  • Transparent Performance Reports: Every backtest and live result is posted on YoForex’s performance page.

  • Active Community: Post questions, share results, and collaborate with other Elise EA users on ForexFactory.cc’s dedicated thread.

  • Dedicated Support Team: Need help? YoForex’s devs respond quickly in the Support forum.


Want to learn more about YoForex? Visit YoForex’s homepage or read the About Us section on ForexFactory.cc.


Support & Disclaimer


Got issues? YoForex offers 100% free support on WhatsApp and Telegram—no strings attached. Reach out any time:



Disclaimer: Past performance isn’t a guarantee of future results. Markets can be unpredictable, and any EA carries risk. Always demo-test Elise EA for at least two weeks on your broker to confirm execution quality and stability. Use proper risk management—never risk more than 1–2% of your capital per trade until you’re comfortable with drawdown behaviour.


Call to Action


Ready to take control of your trading? Download Elise EA V6.1 MQ5 now and start trading with a proven, free Expert Advisor. No payment info, no trial period—just pure performance. Get your copy here:
???? Download Elise EA Source Code V6.1 MQ5


Don’t forget—YoForex offers unlimited free support on WhatsApp & Telegram if you need help.


FAQ (Optional Schema-Ready Section)


Q: Which pairs & timeframes work best?
A: Elise EA comes with optimized presets for EURUSD (H1), GBPUSD (M15), and USDJPY (H1). You can tweak inputs for other pairs.
Q: Can I use Elise EA on multiple charts?
A: Yes, you can attach Elise EA to different charts simultaneously—just load the corresponding .set file per chart.
Q: Does Elise EA work on ECN brokers?
A: Absolutely. Elise handles both ECN and standard accounts. Just ensure your broker supports MT5 depth-of-market if you want to maximize entry precision.
Q: How often are updates released?
A: Updates are typically every 3–4 months, or sooner if major market regime shifts occur. All updates are free.
Q: Is there a money-back guarantee?
A: Elise EA is 100% free—no purchase required. Simply download, install, and trade.


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