Elise EA Source Code MQ4 & MQ5 ((Official version)

What is Elise EA Source Code MQ4 & MQ5?

Elise EA is a powerful and flexible Expert Advisor (EA) designed for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, offering automated trading solutions across various strategies. Whether you’re focused on grid-based growth, high-precision scalping, or XAUUSD -optimized trading, Elise EA delivers reliable performance through advanced customization, adaptive trading logic, and robust risk management.
With support for major forex pairs and commodities like gold, Elise EA is ideal for traders looking to automate their strategies with confidence. The EA features dynamic settings, tailored risk control, and multi-strategy compatibility—making it a go-to solution for beginners and experienced traders aiming for consistent results in volatile markets.

Key Features of Elise EA Source Code MQ4 & MQ5

• Multi-Version Strategy Integration: Elise EA supports multiple versions—MT5 for grid-based compounding, MT4 for fast scalping, and Elise Gold for XAUUSD—each tailored to specific market conditions.
• Customizable Trading Parameters: Easily configure Lot Size, PipStep, Max Lots, Take Profit, and Slippage to match your risk profile and trading strategy.
• Flexible Exit Strategies: Choose between fixed Take Profit or advanced trailing stop mechanisms to lock in gains and adapt to market trends.
• Trade Frequency Management: Limit market exposure by setting the maximum number of trades per direction, ensuring tighter control over open positions.
• Magic Number Order Separation: Each order is tracked with a unique Magic Number to avoid conflicts with other Expert Advisors on the same trading account.
• Moderate Grid Logic: Elise EA uses a conservative grid approach with low multipliers (as low as 1.2x) to reduce risk and avoid overleveraging.
• Built-in Risk Control Features: Default settings prioritize account safety, with customizable Max Lots and floating loss thresholds to protect your capital.
• Optimized for Multiple Assets: Whether you trade currency pairs or gold (XAUUSD), Elise EA adapts its logic to deliver consistent performance across different assets.

Why choose Elise EA Source Code MQ4 & MQ5?

• Smart Risk Management Features: Elise EA offers fixed or dynamic lot sizing, MaxLots limits, trade caps, and optional floating loss protection to keep your account safe.
• Modular Strategy Selection: Choose from scalping, grid, or hybrid logic—customizable to match short-term gains or long-term compounding strategies.
• Transparent Compounding Logic: No hidden Martingale risk—compounding parameters are fully adjustable and capped to prevent runaway exposure.
• Optimized for ECN & RAW Brokers: Built-in slippage control, trailing stop, and spread filters ensure smooth operation with low-spread, high-liquidity accounts.
• Seamless Multi-EA Compatibility: Unique magic number assignment prevents trade conflicts, making it fully compatible with other Expert Advisors.

Elise EA Source Code MQ4 & MQ5 Review

Elise EA, powered by the advanced Elise Gold EA engine, showcases outstanding long-term profitability and capital efficiency through a carefully controlled grid trading strategy. This extensive backtest was conducted on the EURGBP currency pair using the H1 timeframe, spanning over 30 years of historical data (1993–2024). With a modest initial deposit of just $1,000, Elise EA delivered remarkable performance with minimal drawdown.
🔹 Key Performance Metrics:
✅Initial Deposit: $1,000
✅Total Net Profit: $58,200,728.78
✅Maximum Balance Drawdown: 3.01%
✅Maximum Equity Drawdown: 3.51%
✅Win Rate (Profitable Trades): 89.63%

Elise EA MT5 Backtest Results

🔹This test on EURUSD (H1) from 1971 to 2024 reveals a powerful, consistent grid-martingale strategy that turned $1,000 into over $52.56 million, highlighting its compounding capabilities and risk control.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $52,559,114.02
✅ Balance Drawdown Maximal: 1.44%
✅ Equity Drawdown Maximal: 2.26%
✅ Win Rate (Profit Trades): 89.72%

Elise EA Backtest Trading Results

🔹This historical backtest on the USDCHF pair. With just a $1,000 initial deposit, it generated over $44.33 million in profit while maintaining impressive risk control and consistent performance over 50+ years.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $44,326,716.00
✅ Balance Drawdown Maximal: 5.82%
✅ Equity Drawdown Maximal: 1.84%
✅ Win Rate (Profit Trades): 87.45%

Elise EA Backtests Trading Results

🔹Tested on USDJPY (H1 timeframe) over 53+ years, it transformed a $1,000 initial deposit into over $38.89 million, demonstrating powerful performance with well-controlled risk.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $38,892,908.75
✅ Balance Drawdown Maximal: 0.79%
✅ Equity Drawdown Maximal: 11.68%
✅ Win Rate (Profit Trades): 87.87%

Elise EA Backtest Results

🔹This test on AUDCAD (H1) over 31 years, the EA turned a $1,000 deposit into $14.54 million, showing stable and profitable long-term performance with moderate drawdown levels.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $14,538,238.15
✅ Balance Drawdown Maximal: 2.49%
✅ Equity Drawdown Maximal: 20.24%
✅ Win Rate (Profit Trades): 84.71%

Elise EA Backtests Results

Latest product download package includes

The download package of the product suite includes:

1. Source Code MQ5:

✅ Elise-EA.ex5
✅ Elise-EA.mq5

2. Source Code MQ4:

✅ Elise-Gold-EA.ex4
✅ Elise-Gold-EA.mq4
✅ Elise-EA-Pattern.ex4
✅ Elise-EA-Pattern.mq4

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Conclusion

In short, Elise EA is a highly adaptable, multi-strategy Expert Advisor (EA) built for traders who demand flexibility, intelligent automation, and robust risk management. Designed for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, Elise EA supports a wide range of trading styles—including precision scalping, grid-based compounding, and gold (XAUUSD) trading with adaptive algorithms.
Whether you’re a beginner or an experienced trader, Elise EA intelligently adjusts to your capital, strategy, and market conditions, making it ideal for dynamic and stable markets alike.

>>> Reviewed by Jason Stap <<<