top of page
Benefit_4.1 EA - Free Download

Benefit_4.1 EA - Free Download

REQUIREMENTS
Platform: MT4;
Minimum balance of 250$
Work Best on M15 Timeframe (also good on M1, M5, H1)
Work best on  GBPUSD (also good on  GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF, AUDUSD)
VPS hosting is recommended;
 
FILES
1 Expert Advisor file
User Manual

  • Description

    Benefit EA is a completely automated EA that is typically sold for $700. This EA Work is built on a non-indicative flexible grid algorithm with special entry points that provide a statistical advantage disclosed through market pattern mathematical modelling.

    There are numerous options for professionals as well as a flexible system of settings for various trading styles. Benefit EA 4.1 does not employ a stop loss. Take profit or trailing stop orders are used to terminate all trades. The lot amounts can be planned.

    There are semiautomatic trading options. It is possible to disable one or both trade ways by using the buttons. Text notifications about the status of trade blocking are accessible.

  • Recommendations

    • Minimum balance of 250$ cent account or equivalent standard account
    • Work best on  GBPUSD (also good on  GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF, AUDUSD)
    • Work Best on M15 Timeframe (also good on M1, M5, H1)
    • Recommend running this free forex Benefit v4.1 EA 24/5 on a VPS with a latency below 100ms

  • How to use

    1. Step 1: Register with a reputable broker.
    2. Step 2: Download the Expert Advisor’s file.
    3. Step 3: Install the Expert Advisor to your MT4 platform
    4. Step 4: Run the  Expert Advisor on your demo account first
    5. Step 5: After profitable testing, go to your real account
    6. Step 6: Make profit

     

    Learn These 4 Pro Trading Tips to Use and See Immediate Results:

     

    Pro Trading Tip #1

    NEVER consider Forex as a path to get rich quickly.

    Always factor the risks and efforts that must be put into achieving such a goal.

     

    Pro Trading Tip #2

    Be careful with your Lots.

    You can make good money even with a small initial deposit and there is no need to open large positions to make decent profit.

     

    Pro Trading Tip #3

    No emotions allowed.

    A lot of newbie traders get caught up in the emotions and forget everything they’ve learned. I think by now you might already understand where this might lead.

     

    Pro Trading Tip #4

    Be consistent! Stick to your trading system and don’t add or remove anything.

     

    This will allow you to have a much better idea of what exactly is working and helping you win more trades. More importantly, a strategy of being consistent will help you understand where you are going wrong and what to fix.

  • Summary

    Download and become the owner of this very powerful trading tool. If you use this tool correctly, you can have successful trading results.

     

    Here are the key points to keep in mind when trading with this EXPERT ADVISOR:

    • We recommend trading on a demo account for at least a month.
    • If you are profitable after one month of demo trading, feel free to transition to a live account.
    • Use a reasonable risk factor. We recommend starting with 1-2 % risk on a live account to make sure you get comfortable with the EA. Once you understand the process and are comfortable with risking real money, feel free to move up to 5%.
    • Review the news calendar everyday, and disable the EA if you see red news events listed for the next trading day.

     

    We sincerely hope this Expert Advisor brings you closer to the goal you are hoping to achieve.

  • Base settings

    • New_Cycle – enable/disable opening order series in cycles
    • MAGIC – magic number, should be changed if the EA is used on multiple currency pairs on the same account
    • Slippage – Forex price slippage, the default value is 3. Do not change the value unless you know what you are doing
    • Max_Trades – the maximum number of orders opened in a series (Max 17)
    • Max_Lot – the maximum lot size

  • TP settings

    • TP Buy – Take profit level in points for closing Buy positions
    • TP Sell – Take profit level in points for closing Sell positions
    • Trailing_Start – level in points to activate Trailing
    • Trailing_Size – the number of points for trailing the Trailing_Start level or for closing
    • Fixed Lot - fixed trading lot for the initial trade.
    • Dynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lot
    • Deposit Load % - % of the deposit that will be totally used to open the initial trade
    • Maximum Lot - max allowed trading lot
    • Maximum Spread, in pips - maximal allowed spread
    • Maximum Slippage for a non-ECN acc, in pips - max allowed slippage
    • Maximum Symbols at a time - max allowed number of symbols that can be opened at the same time
    • Allow Hedging - allow opening multi-directional trades on the same symbol
    • Allow Trading on Holidays - on/off Christmas/New Year trading filter
    • Allow to Buy/Sell - on/off Buy/Sell trades
    • Maximum Drawdown Percent - if current floating drawdown exceeds the specified % the EA will close open positions

  • Risk Reduction System

    • RRS – enable/disable the Risk Reduction System
    • RRS_oOrder – number of an order in a series to activate the Risk Reduction System
    • RRS_cOrder – number of an order in a series to deactivate the Risk Reduction System
    • RRS_TP – Take profit in points for closing orders corresponding to the Risk Reduction System
    • RRS_Trailing_Start – level in points to activate Trailing for orders of the Risk Reduction System
    • RRS_Trailing_Size – the number of points for trailing the RRS_Trailing_Start level of the Risk Reduction System
    • RRS_Profit_Percent – tool for exiting a prolonged drawdown (70-90% recommended)

  • Buy and Sell settings

    • Step_Buy(Sell) – step for opening a new order in a series in points
    • Step_Coef_Buy(Sell) – increase coefficient of the step for opening subsequent orders
    • Step_Coef_Start_Order_Buy(Sell) – number of the order to activate Step_Coef_Buy(Sell)
    • Step_Mass_Buy(Sell) – the default step for opening orders (in points), if Step_Coef_Buy(Sell) is equal to 0
    • Min_Lot_Buy(Sell) – the minimum lot size of the first order
    • Lot_Exp_Buy(Sell) – lot increase coefficient of Min_Lot_Sell for the subsequent orders

  • Time filter settings

    • Time_Filters – enable/disable working within the specified time intervals

    • The “Time Filter” function is set according to the internal time of the terminal as per the displayed time of the instrument’s server, not the operating system (can match). This function allows for 100% automation of the trading process, without manual intervention and management (if every technical aspect is working properly and as intended). The “time filter” status is displayed as a text in the upper left corner of the trading window.

Related Products

Comments
Rated 0 out of 5 stars.
No ratings yet
Add a rating
Share Your ThoughtsBe the first to write a comment.

FOREX41

contact@forex41.com

Website

Membership

Price & Plans

Socials

Telegram

Instagram

Faq

Dmca

Be The First To Know

Sign up for our newsletter

Thanks for submitting!

Risk Warning

​

Trading Leveraged Products like Forex and Derivatives might not be suitable for all investors as they carry a high degree of risk to your capital. Please make sure that you fully understand the risks involved, taking into consideration your investment objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the complete Risk Disclosure.

© 2024 by Forex41

bottom of page