Forex Envy EA v2.0 Source Code MQ4 (Latest version)

What is Forex Envy EA?

Forex Envy EA is a cutting-edge MetaTrader 4 Expert Advisor (EA) that leverages statistical probability-based strategies to achieve consistent profitability in real-world forex trading conditions. Unlike many scalping or high-frequency trading bots that fail under live market pressure, Forex Envy EA v2.0 delivers results that match backtesting—ensuring trust and performance in live trading environments.

Key Features of Forex Envy EA

• Advanced Trading Algorithms: Utilizes cutting-edge algorithms to detect profitable trends and make precision trades in real-time.

• Built-in Risk Management: Features dynamic risk control mechanisms to protect your capital while optimizing returns.

• Real-Time Market Analysis: Adapts instantly to changing market conditions by analyzing real-time price data.

• Easy-to-Use Interface: Suitable for beginners and professionals alike—simple installation with ready-to-use SetFiles.

• Consistent Live Performance: Demonstrated long-term profitability across multiple currency pairs and timeframes.

Why Choose Forex Envy EA?

• Full MQ4 Source Code included – customize or modify as needed.

• Over 30+ optimized SetFiles for a wide range of pairs and account sizes.

• Designed for high capital efficiency with minimal manual intervention.

• Compatible with major ECN/STP brokers and low-latency VPS setups.

• Backed by real-world trading proof and tested in challenging conditions.

Forex Envy EA Review

• Forex Envy EA is a powerful automated trading tool with a proven track record of consistent profitability. Designed to perform well across various market conditions, this expert advisor helps traders achieve steady returns over time.
• One of the key strengths of Forex Envy EA is its user-friendly interface, which makes it easy to use for both beginners and experienced traders. The intuitive design ensures a quick and simple setup process, allowing users to install and configure the EA without hassle.
• Whether you’re new to forex trading or looking to automate your strategy, Forex Envy EA offers a reliable solution backed by performance and ease of use.

Forex Envy EA MT4 review

Forex Envy MT4 review

What’s Included in the Forex Envy EA Package?

You’ll receive everything you need to start automating your trades immediately:

🔻Expert Advisor & Source Code:

• Forex Envy EA v2.0.ex4
• Forex Envy EA v2.0.mq4 (Source Code)

🔻SetFiles:

• Short Cycle Max-12 (Capital: $360–$480)
• Standard Cycle Max-16 (Capital: $480–$640)
• High Volume Max-100 (Capital: $3,000–$4,000)

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How To Set Up EA

🔻If you are using Forex Envy EA V2.0, proper setup is very important to ensure optimal trading performance and safety. Here is a simple and SEO friendly guide to help you configure the EA with low risk.

Forex Envy EA setting

🟢 Step-by-Step Setup Guide

🔻Activate Licensing

• Input your Register_Number, User, and KEY.
• Without valid credentials, the EA will not operate.

🔻Set a Unique Magic Number

• Change MagicNumber from 0 to a unique number (e.g., 123456).
• Prevents trade conflicts when using multiple EAs.

🔻Adjust Lot Size

• Use BaseLotSize = 0.01 for minimal risk.
• Ideal for demo or small accounts.

🔻Enable Trade Execution

• Set ExecutionPoint to a valid value (e.g., based on indicator logic).
• Avoid leaving it at 0, as this may block trade entries.

🔻Define Risk Management

• Set BasketTakeProfit (e.g., 10.0) for closing trades in profit.
• Set BasketStopLoss (e.g., 20.0) to limit potential losses.

🔻Control Grid/Martingale Behavior

• Keep Multiplier = 1.0 for no compounding.
• Increase carefully if using a martingale strategy.

🔻Allow Trading Levels

• Change MaximumBuyLevels and MaximumSellLevels from 0 to desired levels (e.g., 5).
• Enables actual trading activity.

🔻Configure Slippage

• Slippage = 3 is acceptable for most pairs.

🔻Enable ECN Support (if needed)

• Set SupportECN = true for ECN brokers.

🔻Set Drawdown Protection

• Lower BailOutPct (e.g., to 30.0) to protect against large losses.

🔻Optional Filters

• Use Chicken_Out, FreezeAfterTP, and FreezeAfterTPScheduler cautiously depending on market conditions.

Conclusion

In summary, Forex Envy EA is a highly reliable and innovative MetaTrader 4 Expert Advisor designed to deliver consistent and profitable results in real-world forex trading. Unlike many automated trading systems that struggle with live market conditions, Forex Envy EA leverages advanced statistical probability algorithms, dynamic risk management, and real-time market analysis to maintain performance that closely matches its backtesting results. Its ease of use, combined with over 30 optimized SetFiles and full source code access, makes it an ideal choice for both beginners and experienced traders seeking automated trading solutions.

>>> Reviewed by Jason Stap