Elise FX EA v1.50 MT4 vs SetFiles (Platform build 1431+)

What’s Elise FX EA?

Elise FX EA is an automated trading Expert Advisor (EA) developed for the MetaTrader 4 (MT4) platform, expertly optimized to deliver strong performance on popular currency pairs including EURUSD, GBPUSD, EURJPY, USDJPY, and GBPJPY.

Designed for versatility, Elise FX EA performs efficiently across multiple timeframes—from M1 to H1—and is well-suited even for accounts with a modest starting capital of just $500. The system is simple to install and operate, offering customization options that allow traders to tailor the EA to their individual strategies, ultimately aiming to boost profitability in the forex market.

Elise FX EA MT4 Features

Professional Trading Features of Elise FX EA

• Fully Automated Trading: Executes trades automatically based on pre-configured parameters, ensuring timely and precise execution without emotional interference.

• Advanced Market Trend Analysis: Utilizes sophisticated technical indicators to detect and follow market trends, supporting more informed and effective trading decisions.

• Strict Risk Management: Implements rigorous risk control protocols to safeguard capital from unexpected market volatility.

• Support for Major Currency Pairs: Optimized for top-performing pairs such as EURUSD, GBPUSD, EURJPY, USDJPY, and GBPJPY, offering broad market coverage.

• Optimal Entry Points: Combines multiple technical indicators to identify ideal trade entry points, maximizing potential profit opportunities.

• Automated Risk Controls: Automatically sets Stop Loss (SL) and Take Profit (TP) levels to reduce risk exposure and lock in gains.

• Real-Time Trade Monitoring: Constantly monitors open positions, adjusting settings dynamically to adapt to changing market conditions.

• Optimized Trading Performance: Built to deliver strong results in a variety of market environments, aiming to maximize profits and reduce losses.

• User-Friendly Interface: Easy to install and customize, making it suitable for both beginner and experienced traders alike.

Elise FX EA MT4 Review

Backtesting Results (2024)
The 2024 backtest of Elise FX EA demonstrated strong and consistent trading performance. Using the EURUSD currency pair and an initial capital of $500, the Expert Advisor generated a total profit of $786 over a span of four consecutive months.

A standout aspect of this performance is the EA’s robust and stable risk management approach, maintaining a maximum drawdown of just 33%. Additionally, Elise FX EA achieved an impressive win rate of 83% across all executed trades.

These results highlight the EA’s potential to deliver reliable and sustainable profits, making it a solid choice for traders seeking long-term consistency in the forex market.

The EA Settings

Elise FX EA has specific work and is a very profitable EA with good results, works on 5 FX Pairs from M1 to H1.

• Minimum Deposit $500/Pair – Time Frame: H1
• Minimum Deposit $1000/Pair – Time Frame: M30
• Minimum Deposit $2000/Pair – Time Frame: M15
• Minimum Deposit $3000/Pair – Time Frame: M5
• Minimum Deposit $5000/Pair – Time Frame: M1
• Recommended Pair: EURUSD, EURJPY, USDJPY, GBPUSD, GBPJPY.
• Time Frame from M1 to H1

In the Downloads folder, there are:

The download package of the product suite includes:

• Experts: Elise FX EA v1.50.ex4
• Presets:
  • EURUSD_$500_H1.set
  • EURUSD_$1000_H1_Medium Risk.set
  • EURUSD_$2000_H1_High Risk.set
  • EURUSD_$2000_H1_Low Risk.set