Introduction
Tired of spending heaps on expensive robots that overpromise and underdeliver? You’re not alone. Traders tackling prop firm challenges often need a no-nonsense, cost-effective tool to prove their edge. Enter The Eye EA V1.0 MT4—a fully automated Expert Advisor designed specifically for XAGUSD on the M15 timeframe. Whether you’re running a small account or scaling up big, The Eye EA promises precision, consistency, and a straightforward approach to silver trading…without the fluff. In this 1,200-word deep dive, we’ll cover why this EA is tailor-made for prop firms, how it works, its key benefits, and a step-by-step installation guide to get you live in minutes.


Overview
What Is The Eye EA V1.0?
The Eye EA V1.0 MT4 is a dedicated silver (XAGUSD) scalping robot optimized to capitalize on micro-movements in the market. Built for MetaTrader 4, this EA operates exclusively on the M15 chart, executing trades once per 15-minute candle to manage risk effectively while seeking consistent profits. No martingale, no grid, no hidden tricks—just a lean, mean silver-scalping machine.


Why Focus on XAGUSD?
Silver (XAGUSD) can be notoriously volatile, offering ample short-term swings perfect for scalping. The Eye EA’s algorithms monitor price action, support/resistance levels, and dynamic volatility bands to pinpoint optimal entries and exits. Because silver often reacts sharply to economic data and market sentiment, this EA uses a combination of trend-continuation and mean-reversion logic to adapt on the fly.


Suitable for Every Account Size
One of the standout advantages of The Eye EA is its flexibility. You don’t need a massive bankroll to get started—set your risk per trade to a small percentage of your balance, and the EA scales position sizes automatically. Whether you have $100 to prove a prop firm challenge or $10,000 for live trading, The Eye EA’s risk management parameters allow you to adjust leverage and lot size to match your objectives.


The Eye EA V1.0 MT4


Key Features



  • +Prop Firm-Ready Configuration



  1. Designed specifically to meet prop firm challenge requirements, The Eye EA helps you achieve consistent growth without blowing your account.

  2. Built-in rules to avoid large drawdowns ensure you stay within the strict max-loss thresholds of most prop firms.



  • +Dedicated XAGUSD Scalping Logic



  1. Tailored strategies developed for silver’s unique volatility patterns.

  2. Combines trending and ranging setups to capture profits from every market condition.



  • +Fully Automated Expert Advisor



  1. Once attached to an M15 XAGUSD chart, The Eye EA handles everything—entry, exit, stop-loss, and take-profit.

  2. No manual intervention needed unless you want to tweak settings.



  • +Advanced Risk Management



  1. User-adjustable risk-per-trade percentage based on account balance.

  2. Automatically reduces lot sizes when equity falls below predefined thresholds.



  • +Lightweight, Low-Footprint Code



  1. Optimized to use minimal CPU resources, so your MT4 won’t lag even if you run multiple EAs.

  2. No external libraries or dependencies—just load it to your “Experts” folder and go.



  • +No Martingale, No Grid



  1. Avoids risky money-management schemes that can wipe out accounts during drawdowns.

  2. Pure price-action and volatility-based entries only.



  • +Once-Per-Candle Execution



  1. Executes trades only once per 15-minute candle, reducing overtrading and spread slippage.

  2. Checks for optimal conditions at candle close, then places orders swiftly.



  • +Customizable Settings



  1. Adjustable take-profit and stop-loss levels so you can optimize for different account sizes.

  2. Option to enable news filter to avoid trading during high-impact events.



  • +Suitable for Small & Large Capitals



  1. Scales seamlessly across account sizes—ideal for micro accounts or multi-lot professional setups.

  2. Low minimum deposit requirement (as low as $50) means you don’t need to risk a fortune to see real results.



  • +Continuous Updates & Support



  1. Regular strategy improvements based on live-market feedback.

  2. Dedicated support team ready to help troubleshoot any issues.


Backtest Results & Live-Market Proof


Backtest Summary
Over a 12-month backtest period (June 2023–May 2024) on XAGUSD (M15), The Eye EA demonstrated:



  • Equity Growth: +120% net profit

  • Max Drawdown: 7.5%

  • Win Rate: 62%

  • Average Trade Duration: 10–15 minutes

  • Total Trades: ~1,200


The equity curve remained steadily upward, displaying only modest pullbacks during major economic announcements. These results highlight the EA’s ability to adapt to silver’s choppy environments without resorting to high-risk grids or martingales.


<aside> **Image #1 (Backtest Equity Curve)** *Alt text:* “Equity curve of The Eye EA V1.0 backtest on XAGUSD showing steady growth from June 2023 to May 2024.” </aside>


Live-Market Performance
In live-market conditions from January to May 2024:



  • Realized Net Profit: +25% on a $1,000 micro account

  • Drawdown: Peaked at 5.2% during high-volatility periods.

  • Slippage & Spread Impact: Negligible due to One-Candle execution design.


Users running The Eye EA on 24/5 real accounts reported consistent small gains, with many passing prop firm phases within 2–4 weeks. The live equity graph tracked closely with backtest projections, illustrating robust performance even when silver volatility spiked.


How to Install & Configure



  • Download The Eye EA



  1. Head over to fxcracked.org and navigate to the “Free EAs” section.

  2. Click “Download The Eye EA V1.0 MT4” and save the ZIP file to your computer.



  • Copy to MT4/Experts Folder



  1. Unzip the downloaded file.

  2. In MetaTrader 4, click “File” → “Open Data Folder” → “MQL4” → “Experts.”

  3. Drag and drop the “TheEyeEA.ex4” (or .mq4) file into the “Experts” folder.



  • Restart MetaTrader 4



  1. Close and reopen MT4 to ensure the EA appears in your “Navigator” pane under “Expert Advisors.”



  • Attach to XAGUSD M15 Chart



  1. Open a new XAGUSD chart.

  2. Switch timeframe to M15.

  3. Drag “TheEyeEA” from Navigator → Expert Advisors onto the chart.

  4. Click “OK” in the dialog box.



  • Recommended Settings

  • Risk Percent: 1–2% (adjust per your account size).

  • Take-Profit (TP): 10 pips.

  • Stop-Loss (SL): 15 pips.

  • Max Daily Drawdown: 5%.

  • News Filter: Enabled (blocks trades 5 minutes before/after high-impact news).



  • Enable Auto-Trading



  1. Click “AutoTrading” on the MT4 toolbar until the smiley face appears on your chart.

  2. Ensure “Allow DLL imports” and “Allow live trading” are checked in the EA’s “Common” tab.



  • Monitor & Adjust



  1. Let The Eye EA run 24/5.

  2. Check parameters weekly and adjust TP/SL or risk percent based on performance.

  3. If you experience unexpected drawdowns, temporarily reduce risk or pause during major market events.


The Eye EA V1.0 MT4


Why Choose The Eye EA V1.0?



  • YoForex-Powered Quality: Developed by the YoForex team, The Eye EA benefits from years of experience in building robust, backtested EAs. Our track record includes multiple top-performing bots that focus on risk control and consistent growth.

  • Free & Transparent: Unlike many paid EAs hiding performance data, The Eye EA is completely free, with full backtest reports and live-market results shared openly. No monthly subscriptions, no hidden fees—just download and go.

  • Ongoing Updates: We listen to user feedback and refine the strategy continuously. Expect frequent updates to adapt to evolving market conditions.

  • Small Capital-Friendly: Perfect for traders on a tight budget or those wishing to pass prop firm challenges. Start with as little as $50 and scale up gradually.


Support & Disclaimer


If you hit any bug or need help configuring The Eye EA, don’t hesitate to ping us:



We pride ourselves on quick, helpful responses—usually within a few hours. Our support team can troubleshoot installation issues, optimize settings for your broker, and guide you through prop firm challenge requirements.


Call to Action


Ready to conquer silver markets and pass your prop firm challenge? Grab your free copy of The Eye EA V1.0 MT4 today at fxcracked.org. Attach it to your XAGUSD M15 chart, set your risk, and let the EA handle the rest. Our team stands by to support you on WhatsApp or Telegram if you need any help.


Don’t wait—silver opportunities are fleeting. Download now and watch The Eye keep a vigilant watch over your trades.


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Happy Trading