Benefit EA MT4 v5.01 with SetFiles (Platform build 1443+)
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What is Benefit EA MT4?
Benefit EA is a flexible Grid advisor that acts as a trading advisor built on a mathematical model of market dynamics. Each trade is meticulously terminated with a take profit or stop loss order to give traders the flexibility to scale lot sizes according to their trading skills.
➡️ Vendor website: View here
About the Author
This product is compiled by Vsevolod Merzlov. This Russia author has more than +9 years of experience working on MQL5 with many famous products such as Benefit EA MT4, Benefit EA MT5. Among them, Benefit EA MT4 is his best performing product.
Key Features of Benefit EA for MT4
🔹Market analysis system: Uses mathematical models to detect market patterns and provide a statistical edge.
🔹No stop loss: All trades are closed with Take-profit (TP) or Trailing Stop.
🔹Automatic trading: Automatically opens, closes, and manages trades based on specific entry points and risk management strategies.
🔹Flexible customization: Allows users to customize settings to suit their own trading style and strategy.
Additional Features
🔹Time filter: Allows filtering of trades based on specific time, ensuring complete automation of the trading process.
🔹Trade notifications: Provides notifications on trade status, including when blocked.
🔹Multi-asset trading capabilities: Can trade any asset on any time frame.
🔹Disconnection handling: Handle disconnection situations appropriately so as not to affect the transaction process.
Benefit EA MT4 Review
Benefit EA has been verified profitable by MyFxBook in the long term and has achieved impressive returns. The advisor shows good Forex trading potential and high profit rate.
🔹Traded with an initial deposit of $50K for 2 months, impressive performance trading GBPUSD only.
✅ Total Gain: +178.62%
✅ Average Daily Profit: 1.54%
✅ Average Monthly Profit: 57.73%
✅ Maximum Drawdown: 31.89%
BenefitEA MT4 Myfxbook
🔹Traded with an initial deposit of $10K for 6 months, impressive performance trading GBPUSD H1 only.
✅ Total Gain: +214.42%
✅ Average Monthly Profit: 10.91%
✅ Maximum Drawdown: 38.76%
BenefitEA MT4 Myfxbook Results
🔹Traded with an initial deposit of $50K for 2 months, impressive performance trading GBPUSD M15 only.
✅ Total Gain: +97.88%
✅ Average Daily Profit: 0.44%
✅ Average Monthly Profit: 14.08%
✅ Maximum Drawdown: 5.95%
Benefit EA MT4 Myfxbook
Recommended Settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Currency pairs | GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF and AUDUSD |
| Minimum / Recommended leverage | 1:20 - 1:1000 |
| Time frames | M1, M5, M15, H1 |
| Minimum / Recommended deposit | $5,000 |
| Setup files | Available |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
1. Experts:
✅ Benefit EA v4.1_fix.ex4
✅ Benefit EA v5.01_fix.ex4
2. SetFiles:
✅ _Benefit-EA-USDJPY.set
✅ _Benefit_midRisk.set
✅ _BENEFIT conservative.set
✅ _Rama benefit.set
✅ _Benefit_5digit_shortFloat.set
✅ _BENEFIT_JAPAN.set
✅ _BENEFIT EA SET X.set
✅ _BENEFIT EA EURUSD M5.set
Conclusion
In short, Benefit EA combines mathematical precision with full automation to deliver consistent, data-driven trading performance. With no stop loss, smart TP and Trailing Stop management, and flexible customization, it adapts to any trading style or market condition. Proven by strong MyFxBook results, Benefit EA stands as a powerful, intelligent, and reliable solution for traders seeking sustainable profit growth.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What makes Benefit EA MT4 different from other Grid trading EAs?
Benefit EA stands out because it uses a mathematical model of market dynamics to determine entry points, giving it a statistical edge. It’s fully automated, works without indicators, and uses Take Profit and Trailing Stop instead of traditional Stop Loss strategies.
❓ Does Benefit EA MT4 work on all brokers and account types?
Yes. Benefit EA MT4 is compatible with any broker and any account type, including Standard, ECN, and Raw Spread accounts. However, it performs best on hedging accounts with low spreads and fast execution speeds.
❓ What is the minimum deposit required to start trading with Benefit EA MT4?
The developer recommends a minimum deposit of $5,000, though it can technically run on smaller accounts. The amount depends on your risk tolerance, grid step settings, and leverage.
❓ Is it safe to use Benefit EA MT4 since it doesn’t use Stop Loss?
Although Benefit EA doesn’t use a fixed Stop Loss, all trades are managed with Take Profit and Trailing Stop, and the mathematical model helps avoid extreme drawdowns. Proper lot sizing and risk control are essential for safe operation.
❓ Which currency pairs and timeframes does Benefit EA MT4 perform best on?
The EA works best on GBPUSD, EURUSD, USDJPY, EURJPY, USDCAD, USDCHF, and AUDUSD across M1 to H1 timeframes. GBPUSD is the most recommended pair based on verified MyFxBook results.
❓ Can I customize settings in Benefit EA MT4?
Yes. Benefit EA is highly flexible—you can customize lot sizes, step coefficients, and risk parameters to match your personal trading style. It also includes a Time Filter for automated session-based trading.
❓ Does Benefit EA require constant monitoring?
No. The EA supports full automation and includes built-in logic to handle disconnection issues without affecting open trades. However, periodic monitoring is recommended for safety and optimization.
❓ What are the verified performance results of Benefit EA MT4?
According to MyFxBook verification, Benefit EA achieved over +214% total gain with a maximum drawdown below 39% in long-term tests. These results highlight its strong profitability potential and consistent performance.
❓ Can I use Benefit EA MT4 for both scalping and long-term trading?
Absolutely. The EA is designed for situational flexibility, supporting scalping, swing trading, and grid-based strategies. You can adapt parameters for short-term or long-term market conditions.
❓ Is Benefit EA MT4 suitable for beginners or only advanced traders?
Benefit EA MT4 is beginner-friendly thanks to its automatic trade management and flexible presets, but understanding grid trading and risk control is recommended for optimal use and safer results.
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