Omega Code EA V1.0 MT4

Introduction

Most forex traders struggle with spreads and slippage when scalping on lower timeframes. Enter too early, and spreads eat into profits; enter too late, and the move is gone. To solve this, YoForex built the Omega Code EA V1.0 MT4 — a versatile forex and gold trading robot optimized for M5 and other timeframes.

The EA is designed to run best on ECN or raw spread brokers with spreads under 25 points. While there’s no strict minimum balance, YoForex recommends at least $200 to give the system room to trade properly.

Available free at ForexFactory.cc, Omega Code EA is built for traders who want scalping accuracy with multi-asset flexibility.

Overview

The Omega Code EA is a multi-pair and gold trading Expert Advisor that works across forex majors, minors, and XAUUSD.

Trading Logic:

Core engine is based on momentum-driven scalping with adaptive volatility filters.

Enters trades during high-liquidity sessions (London/NY).

Exits using smart stoploss and trailing take profit.

Pairs Supported: All major forex pairs + Gold (XAUUSD).
Timeframe: Best on M5, but adaptable to higher timeframes.
Broker Requirements: ECN or raw spread accounts (<25 points spread).
Min Balance: No limit (recommended $200).

Key Features

• Multi-Asset Coverage – Trades both forex and gold.
• M5 Scalping Focus – Best optimized for fast execution.
• Adaptable Timeframes – Can run on H1/H4 for swing trading.
• Dynamic SL/TP – Adjusted to volatility conditions.
• Spread Filter – Trades only when spread < 25 points.
• No Martingale/Grid – Clean trading logic, safe for prop firms.
• Breakeven & Trailing Stop – Locks in profits once trade moves.
• Flexible Account Size – Works on small ($200) and large accounts.
• Free Lifetime Updates – Maintained by YoForex.

Backtest & Performance

YoForex tested Omega Code EA V1.0 MT4 on forex majors and gold across multiple years.

Backtest Period: Jan 2021 – Apr 2025
Pairs Tested: EURUSD, GBPUSD, USDJPY, XAUUSD
Timeframe: M5

Results (on ECN broker settings):

Win Rate: 74%

Average Monthly Growth: 8–12%

Max Drawdown: 8.9%

Profit Factor: 1.92

Equity Curve: Smooth and consistent, low drawdown, frequent smaller trades.

Live Testing Insights:
On a $500 live account, Omega Code EA produced 9% average monthly growth, excelling on gold (XAUUSD) and EURUSD during London session.

Installation & Setup

Download from ForexFactory.cc.

Copy the .ex4 file into your MT4/Experts folder.

Restart MetaTrader 4.

Open a chart (EURUSD, GBPUSD, or Gold) on M5 timeframe.

Attach Omega Code EA from Navigator.

Configure input settings (lot size, SL/TP, spread filter).

Enable AutoTrading.

Best Practices

Broker: Use ECN or raw spread brokers only.

Spread Limit: Ensure spread is below 25 points.

Balance: $200 minimum recommended for stability.

Timeframe: Best on M5, but flexible on higher.

Sessions: Trade during London & New York overlap.

Risk Control: 1–2% per trade is ideal.

VPS: Run on VPS for 24/7 uptime and low latency.

Avoid News: Disable during high-impact news (NFP, CPI, FOMC).

Why YoForex Tools?

YoForex ensures every EA is:

Backtested & Live-Proven – Not just theory, but real performance.

Free Forever – No subscriptions or hidden charges.

Updated Regularly – Adjusted to market conditions.

Community Supported – Help available via Telegram & WhatsApp.

Check more bots in the Newest EAs section.

Support

Support Options:

WhatsApp: Click Here

Telegram: Join Group

Call to Action

The Omega Code EA V1.0 MT4 is built for traders who want a scalper that works on both forex and gold, with flexibility for any timeframe. Optimized for M5 trading, it ensures safe and efficient trades under ECN conditions.

Download Omega Code EA V1.0 MT4 Free and start trading smarter today.

YoForex – empowering traders worldwide, one free tool at a time.

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