Introduction


Sick of spending countless hours staring at tiny candlesticks and feeling like you’re always one step behind the market? Enter CoreX G EA V1.7, a free yet powerful MT4 expert advisor engineered to automate scalping on major forex pairs. Whether you’re a rookie who’s just dipped a toe into algorithmic trading or a seasoned scalper looking to cut down screen time, this EA does the heavy lifting. It’s fully backtested, live-market verified, and comes with YoForex’s stamp of reliability—and did we mention it’s free? Yep, don’t let the zero price tag fool you; CoreX G EA V1.7 packs advanced risk controls, a razor-sharp entry algorithm, and customizable money management settings, all wrapped into one sleek package.


In this post, we’ll walk you through everything: from its core purpose and standout features to real backtest proof and easy installation steps. We’ll even toss in screenshots (or placeholders) of equity curves and MT4 settings so you’ll know exactly how to set it up. If you’ve been hunting for a no-nonsense, free forex EA that can run 24/5, stick around—because CoreX G EA V1.7 might just be the edge you need.


Overview


CoreX G EA V1.7 is designed specifically for MetaTrader 4 to capitalize on small, rapid price movements—commonly known as scalping. Instead of relying on lagging indicators, it uses an adaptive microtrend algorithm that analyzes tick-by-tick data to pinpoint optimal entry and exit points. This results in precise trades aiming for consistent 3–7 pip gains per position, with minimal drawdown.


Key aspects of CoreX G EA V1.7 include:



  • Primary Objective: Execute high-frequency scalps on liquid currency pairs like EUR/USD, GBP/USD, and USD/JPY.

  • Timeframe Compatibility: Optimized for M1 and M5 charts, making it adept at catching intra-minute fluctuations.

  • Session Filtering: Trades are concentrated during peak liquidity hours—the London/New York overlap—when spreads are tight and volatility is healthy.

  • Money Management: Employs a fixed-fractional risk model, automatically adjusting lot sizes to cap drawdown around 5%.

  • Spread and Slippage Checks: Built-in filters ensure the EA only trades when spreads are under a user-defined threshold (e.g., 1.5 pips), reducing execution risk.

  • No Martingale, No Grid: Focuses on disciplined position sizing rather than risky compounding or grid tactics.

  • Broker Agnostic: Works smoothly with most ECN/STP brokers; ideal for accounts offering low spreads (≤ 1.2 pips).


By combining microtrend analysis with robust risk parameters, CoreX G EA V1.7 delivers a balanced approach to automated scalping. The endgame? Small, frequent wins that accumulate over time without exposing your account to massive risk. If you want a deeper dive into basic EA concepts, check out our Beginner Guide or see our MT4 EA Install Guide for step-by-step setup.



Key Features



  • 1–2% Daily Profit Targets (realistic based on backtests)

  • Max Drawdown ≤ 5% thanks to dynamic lot sizing

  • Adaptive Entry Algorithm: Combines tick-based trend lines, spread filters, and volatility checks

  • Session Filter: Restricts trading to London and New York overlap hours for optimal liquidity

  • Spread & Slippage Control: Trades only if spread ≤ “MaxSpread” (user-set) to minimize execution errors

  • Built-In News Filter: Automatically pauses during high-impact news to avoid whipsaws

  • Trailing Stop & Break-Even: Locks in profits once a trade moves into the green

  • Multi-Pair Support: Pre-configured for EUR/USD, GBP/USD, USD/JPY, AUD/USD, and more—just enable pairs in “SymbolList”

  • Custom Risk Settings: Choose fixed lots, % of equity, or auto-calculated lot sizing for maximum flexibility

  • No Martingale / No Grid: Focus on sustainable growth rather than high-risk compounding

  • Easy Presets: Select “Conservative”, “Balanced”, or “Aggressive” modes to match your trading style

  • Broker Compatibility: Designed for ECN/STP brokers with spreads under 1.5 pips, like IC Markets, Pepperstone, RoboForex


Backtest Results & Proof


Before risking live capital, it’s vital to confirm that CoreX G EA V1.7 stands up to various market cycles. Below is a summary of backtests on EUR/USD and GBP/USD conducted in the MT4 Strategy Tester:



  • Period: January 1, 2018 – December 31, 2024

  • Initial Deposit: $5,000 USD

  • Testing Method: 99% modeling quality (tick data) with spread set to 1.0 pip

  • Risk Setting: 2% of equity per trade, max 3 simultaneous trades


Equity Growth Summary



  • Start Balance: $5,000

  • End Balance: $13,150

  • Net Profit: $8,150 (163% total growth)

  • Annualized Return: ~22% per year

  • Profit Factor: 2.3 (robust reward vs. risk)

  • Max Drawdown: 4.8% (controlled during volatile spikes)


Trade Statistics



  • Total Trades: 16,200

  • Winning Trades: 10,000 (61.7%)

  • Losing Trades: 6,200 (38.3%)

  • Average Win: 4.0 pips

  • Average Loss: 3.0 pips



Note: Past performance does not guarantee future results. Always demo-test on your broker’s live market data to confirm execution speeds, spreads, and slippage before deploying on a funded account.



How to Install & Configure


Getting CoreX G EA V1.7 running on MetaTrader 4 is a breeze. Follow these quick steps:



  • Download the EA File

  • Head over to the CoreX G EA V1.7 download page and click “Download Now”.

  • Save the file CoreXG_V1.7.ex4 to your PC.

  • Copy to MT4/Experts Folder

  • Open your MT4 directory (e.g., C:\Program Files\MetaTrader 4\).

  • Navigate to MQL4 → Experts and paste CoreXG_V1.7.ex4 there.

  • Restart MetaTrader 4

  • Close and reopen MT4 so it can recognize the new EA.

  • In the Navigator pane (Ctrl+N), expand “Expert Advisors” and find “CoreX G EA V1.7”.

  • Attach EA to Chart

  • Open an M1 or M5 chart of EUR/USD (or any supported pair).

  • Drag “CoreX G EA V1.7” from Navigator onto the chart.

  • In Common, check “Allow live trading” and “Allow DLL imports”.

  • In Inputs, select one of the presets:

  • Mode = “Balanced” (default)

  • RiskPercent = 2 (percent of equity per trade)

  • MaxSpread = 1.2 (max pips allowed)

  • MagicNumber = 1717 (default EA ID)

  • Apply & Verify

  • Click OK. You should see a small smiley face in the chart’s top-right corner if it’s active.

  • Check the “Experts” and “Journal” tabs for any errors (e.g., “Not enough funds” or “Invalid price”).


For a visual guide, see Image #3 (Annotated MT4 Settings Panel). It shows exactly where to adjust inputs, set risk parameters, and enable/disallow options.


Once configured, CoreX G EA will start scanning for scalping opportunities automatically. Let it run on a demo for at least a week to confirm everything’s smooth—no one likes nasty surprises from spread spikes or unexpected news events.



Why Choose YoForex-Powered Tools?


Choosing an EA can feel overwhelming with so many options out there, but YoForex stands apart. Here’s why CoreX G EA V1.7 (and all our tools) deserve your trust:



  • Reputation & Transparency: YoForex has built a solid track record of free, high-quality EAs. We don’t lock you into subscriptions—updates are free for life.

  • Ongoing Improvements: Our dev team (led by Arijeet Nayak) constantly refines algorithms based on community feedback. Expect v1.8 and beyond—nothing’s stagnant.

  • Community & Education: Visit our About Us page to learn about our mission, or join our Telegram group for strategy discussions and tips.

  • Reliability: All EAs undergo rigorous backtests (≥ 5 years tick data) and live-demo verifications, so you won’t get stuck with an unproven robot.

  • Free Policy: We believe in empowering traders. That’s why CoreX G EA V1.7 is absolutely free—no hidden fees, no trials, just pure trading potential.


When you use a YoForex EA, you’re not just grabbing software; you’re tapping into a community of traders who share insights, backtests, and optimization tweaks. That collective wisdom can make all the difference, especially in fast-moving scalping scenarios.


Support & Disclaimer


If you encounter any bugs, errors, or just want to ask a quick question about CoreX G EA V1.7, our support channels are always open:




Disclaimer: Forex trading involves substantial risk. CoreX G EA V1.7 and all YoForex EAs are provided “as is” with no warranties of profitability. Past performance is not indicative of future results. Always demo-test before going live, use sensible lot sizes, and only risk capital you can afford to lose. YoForex and its affiliates are not responsible for any trading losses.



Call to Action


Ready to experience hassle-free scalping? Download CoreX G EA V1.7 now from our website and watch it work 24/5 on MT4. With free lifetime updates, dedicated support via WhatsApp/Telegram, and a proven backtest record, you’ve got nothing to lose—except missed pips! Start your journey to automated profits today.