Elise EA Source Code MQ4 & MQ5 (Original version)

Elise EA Series – Precision Engineered Expert Advisors for MT4 & MT5

Elise EA is a versatile line of Expert Advisors (EAs) developed for traders seeking powerful automation across multiple trading styles: grid-based growth, precision scalping, and gold-optimized strategies. Whether you’re trading on MT4 or MT5, with majors or XAUUSD, Elise EA offers customizable logic, disciplined risk control, and adaptive setups for confident trading.

==>> Setting Guide: View here

Core Features of Elise EA Series

1. Multi-Version Strategy Support:

🔹Elise EA MT5: Grid-based strategy designed for ranging and cyclical markets, offering moderate compounding with layered entries.
🔹Elise EA MT4: Scalping-focused with tight SL/TP logic, suitable for high-frequency intraday trading.
🔹Elise Gold EA MT4: Tailored for XAUUSD, combining grid logic with adjustable risk control for volatile gold markets.

2. Fully Configurable Trade Parameters:

🔹Set your Lot Size, PipStep, Max Lots, Take Profit, and Slippage.
🔹Choose between fixed TP or trailing stop exit strategies.
🔹Set trade frequency caps with Max Trades per direction.

3. Magic Number-Based Order Management:

🔹Unique Magic Order IDs are used to separate Buy/Sell trades and prevent conflict with other EAs on the same account.

4. No Grid Abuse or Overexposure:

🔹Grid logic is moderate, with layer multipliers as low as 1.2x.
🔹Default risk features are conservative, with MaxLots and floating loss control configurable for additional protection.

Elise EA Review

🔹Elise EA, powered by the Elise Gold EA engine, demonstrates exceptional profitability and capital efficiency using a controlled grid strategy. This backtest was conducted on EURGBP (H1) from 1993 to 2024, simulating over 30 years of data with a starting deposit of just $1,000.

✅ Initial Deposit: $1,000
✅ Total Net Profit: $58,200,728.78
✅ Balance Drawdown Maximal: 3.01%
✅ Equity Drawdown Maximal: 3.51%
✅ Win Rate (Profit Trades): 89.63%

Elise EA MT5 Backtest 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 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 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

🔹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

Why use Elise EA?

🔹Smart Risk Management by Design: Choose from fixed or dynamic lot sizing. Cap risk with MaxLots, trade limits, and optional floating loss protection.
🔹Modular Strategy Selection: Scalping, grid, or hybrid logic—tailor the EA version to your trading style. From short-term profits to long-term compounding, Elise EA adapts.
🔹No Hidden Martingale Danger: The compounding logic is fully visible, adjustable, and capped—no runaway risks.
🔹Ideal for Both ECN & RAW Accounts: Works best with low-spread, high-liquidity brokers.Trailing logic, slippage control, and spread filters built-in.
🔹Fully Compatible with Other EAs: Magic number separation ensures no interference or overlapping trades.

Trading Specifications

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

Product Download Package?

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

Conclusion

In short, Elise EA is a comprehensive, multi-strategy Expert Advisor (EA) suite built for traders who demand versatility, smart automation, and disciplined risk control. Whether you’re scalping with high precision on MT4, compounding grid-style gains on MT5, or trading gold with adaptive logic—Elise EA adapts to your strategy, capital, and market conditions with ease.

Tested across decades of historical data—spanning EURUSD, USDJPY, XAUUSD, AUDCAD, USDCHF, and more—Elise EA has consistently turned modest deposits into multi-million-dollar profits with minimal drawdown, showcasing its exceptional profitability and capital efficiency. With win rates near 90%, drawdowns under 6%, and performance spanning over 50 years, this EA stands as a proven powerhouse for both conservative and aggressive traders.