Benefit V5.1 EA

Description

🔍 Introduction

Benefit EA is a grid-style Expert Advisor for MetaTrader 4, developed by Vsevolod Merzlov. It’s built to detect statistically advantageous entry points and uses flexible grid logic—allowing semiautomatic or fully automated trading across multiple instruments without relying on forced stop loss.

 

✅ Key Features
Flexible Strategy with mathematically modelled entry zones
Trade Types: Scalping, flat, directional trading modes available

Semiautomatic Mode: Buttons to enable/disable buy/sell direction mid-trade

Time Filter: Executes trades only within specified hours and weekdays
No Stop Loss by Default: Trades close via Take Profit or trailing exit

Supports All MT4 Instruments & Timeframes — highly flexible

Configurable Risk & Lot Parameters: Set per cycle, max trades, and slippage limits

 

🔗 Official Source
MQL5 Marketplace – https://www.mql5.com/en/market/product/14018?source=Unknown#description

 

🧩 Backtesting & Version Updates
Current Version: 5.1 (updated May 4, 2021), with comprehensive refinements to time filter, trade blocking logic, and risk customization
Recommended Default Pair: GBPUSD on M15 with $5,000 deposit, 1:500 leverage

Developed for regulated accounts (FIFO compliance) and long-term statistical trading setups

📦 Package Contents
BenefitEA.ex4 — MT4 executable

Configurable settings for cycle management, time filter, trade direction

Layout optimized for both auto and semiauto trading

 

⚙️ Suggested Settings
Timeframes: M1, M5, M15, H1 supported with preference for GBPUSD M15

Trading Mode: Grid / Semi-auto preferred for manual control

Balance Requirement: $5,000 recommended; adjustable via risk inputs

Broker Type: ECN or spread-sensitive broker for precise grid behavior

VPS: Recommended for round-the-clock trading accuracy