Sick of overpriced EAs that promise the moon and then ghost you the moment a news spike hits? Yeah… same here. That’s why Poverty Killer EA V1.0 MT5 is live and 100% free on ForexFactory.cc, powered by the YoForex team. You get a battle-tested MT5 expert advisor that aims to compound small, consistent gains while protecting your equity with layered risk control—no shady curve-fitting, no desperate martingale spirals. Just a clean ruleset, solid filters, and an install in minutes.


What does it do, exactly? At its core, Poverty Killer EA uses a two-stage signal engine: short-term momentum bursts (to catch intraday moves) plus volatility and spread checks (to avoid junk trades when the market is choppy or your broker widens spreads). The EA thrives on liquid pairs and metals—EURUSD, GBPUSD, XAUUSD—with optional indices if your broker allows (e.g., US30). It can run on multiple timeframes, but we’ve had the smoothest execution on M15–H1 with 1:500 leverage and a $200–$500 starting balance (scale as you like).


The kicker? YoForex has fully back-tested this release across different cycles and run it live under our internal monitoring. We optimize responsibly (coz over-optimization is a trap), and when we find improvements, you’ll get free lifetime updates via ForexFactory.cc. No strings attached.


Grab it here: https://forexfactory.cc/download/poverty-killer-ea-v1-0-mt5/


Want to browse what’s new? Check Newest EAs on ForexFactory.cc. Need indicators too? Pop into the Indicator section. Curious how others are using our tools? Read User reviews.


Key Features


• Prop-firm friendly risk: Default settings respect daily drawdown; no reckless risk spikes.
• No hard martingale: Uses controlled cost-averaging with caps; no infinite grid nonsense.
• 1–2% daily equity target (configurable): Focus on consistency, not moonshots.
• Volatility & spread filters: Skips bad conditions; avoids trading through insane slippage.
• Session-aware logic: Reduced activity during thin liquidity windows to cut random whipsaws.
• News sensitivity option: Pause trading around high-impact events (you choose the buffer).
• Multi-asset support: EURUSD, GBPUSD, XAUUSD out-of-the-box; indices and others if broker allows.
• Timeframe agnostic: Works M15–H1; use our presets to match your risk appetite.
• Equity protection: Daily loss cap, max floating DD, and emergency close rules—built-in.
• Smart trailing: Adaptive trailing once trades go in favor; tries to lock profits without choking the trade.
• Low-spread optimized: Works best with ECN accounts; slippage controls included.
• Free updates forever: Delivered via ForexFactory.cc; YoForex keeps tuning and sharing.


Backtest Proof & Live Performance


We know you want receipts. For Poverty Killer EA V1.0 MT5, our in-house YoForex quant stack ran out-of-sample backtests across 2018–2024 market regimes (COVID shock, rate-hike cycles, gold surges, USD rotations). We used realistic spreads and variable commissions, with modeling that simulates slippage during peak volatility. Median results showed stable month-over-month growth with a kept-in-check max drawdown under our recommended risk template.


To make it practical: on a $500 demo baseline with conservative lots, the equity curve was boringly upward (which is what you want). Profit factor sat in that comfy 1.3–1.6 corridor depending on the pair mix, and the hit rate ranged 56–64%—not flashy, just reliable. Where it really shines is the loss distribution; losers tend to be smaller and short-lived thanks to the EA’s early-exit controls and volatility filter.


Our live-account monitoring (internal YoForex team accounts) confirms similar characteristics on brokers with decent execution. You’ll see occasional clusters of small scratches—totally normal for a scalper with discipline. But the weekly net is what matters: recurring positive drift when you stay within the preset risk.



Suggested images for your blog page:



  1. Equity Curve Screenshot (alt: “Backtest equity curve for Poverty Killer EA V1.0 MT5”)

  2. Risk vs. Reward Chart (alt: “Risk vs reward for Poverty Killer EA V1.0 MT5”)


Installation & Setup



  1. Download the EA from ForexFactory.cc →
    https://forexfactory.cc/download/poverty-killer-ea-v1-0-mt5/

  2. Copy the file (.ex5 or .mq5) to:
    File → Open Data Folder → MQL5 → Experts

  3. Restart MT5 (or right-click Experts → Refresh) so the EA appears in your Navigator.

  4. Attach to chart (e.g., EURUSD M15 or XAUUSD H1).

  5. Enable Algo Trading (top toolbar) and set “Allow Algo Trading” inside the EA’s Common tab.

  6. Load the recommended set file (included in the download) that matches your pair/timeframe.

  7. Risk controls: Start with the default lot or 0.01 per $200–$300; scale carefully. Daily loss cap enabled.

  8. News filter (optional): Use the built-in toggle and buffer—we suggest pausing 15–30 mins before/after red news.

  9. Broker tip: ECN, low spread/commission, and fast VPS close to your broker’s servers are ideal.


Why YoForex-Powered Tools?


YoForex sits behind the free downloads on ForexFactory.cc, and that matters because we actually trade this stuff. We don’t just post an ex5 and disappear. You’ll get:



  • Free lifetime updates: When the market changes, we push new presets and logic improvements.

  • Ongoing optimizations: Continuous research to reduce DD and improve robustness.

  • Transparent performance notes: We share what’s working, where it’s fragile, and how to adjust.


Want to know more about the folks behind the curtain? Start from ForexFactory.cc and explore our ecosystem—our tools, notes, and community feedback loops are all there.



Support & Disclaimer



Ping us your broker, balance, leverage, target pairs, and current risk settings—we’ll help you dial it in for free. We’re quick during market hours, but we also sleep (occasionally), so leave a short brief and we’ll reply asap.


Disclaimer: Trading is risky. Past performance isn’t a guarantee of future results. Always demo-test Poverty Killer EA V1.0 MT5 before going live. Use risk controls, observe your broker’s execution, and follow prop-firm rules if that’s your path. Nothing here is financial advice.


Call to Action


If you’ve been hunting for a ForexFactory EA that doesn’t blow accounts and actually respects drawdown, this is it. Download Poverty Killer EA V1.0 MT5 now—free, unlimited, no strings:
https://forexfactory.cc/download/poverty-killer-ea-v1-0-mt5/


We’ll be around on WhatsApp and Telegram if you need help with setup, presets, or prop-firm mode. Let’s kill the poverty, not the account.


Quick Specs (for skimmers)



  • Platform: MetaTrader 5 (MT5)

  • Pairs: EURUSD, GBPUSD, XAUUSD (others possible if broker supports)

  • Timeframes: M15–H1 recommended

  • Min. Deposit: $200–$500 suggested

  • Leverage: 1:500 recommended

  • Strategy: Smart scalping + momentum + volatility/spread filters

  • Money Management: Capped cost-averaging, equity protection, daily loss limit

  • News Mode: Optional pause with buffer window

  • Updates: Free for life via ForexFactory.cc


FAQ (Schema-friendly)


Q1. Is Poverty Killer EA V1.0 MT5 martingale?
A. No hard martingale. It uses capped cost-averaging only under controlled volatility and lot constraints.


Q2. Which pairs/timeframes should I start with?
A. EURUSD or XAUUSD on M15–H1 with the default set file. Start small, observe a week, then scale.


Q3. Is it prop-firm friendly?
A. Yes—the default risk template respects daily/DD rules. Still, confirm your firm’s precise limits and adjust.


Q4. Do I need a VPS?
A. Strongly recommended. Lower latency = cleaner entries/exits and fewer slippage-based surprises.


Q5. How do I get updates?
A. We publish them free on ForexFactory.cc. You’ll see new set files and build notes in the download page.


Q6. What account type is best?
A. ECN with low spread/commission. Run it during peak liquidity; avoid dead sessions.


Happy Trading