Skittles EA V1.0 MT4 Review: Your New Free Forex Trading Ally


Introduction


If you’re tired of overpriced robots that overpromise and underdeliver, you’re not alone. Traders everywhere are hunting for an Expert Advisor (EA) that’s genuinely free, easy to set up, and consistently profitable. Enter Skittles EA V1.0 MT4—a no-cost MetaTrader 4 expert advisor designed to bring the rainbow of consistent gains to your trading account. Whether you’re a total newbie or a seasoned pro, Skittles EA promises a simple “plug-and-play” approach without hidden fees, complex grid settings, or risky martingale schemes.


What Is Skittles EA?
Developed by a team of forex veterans, Skittles EA leverages price action and momentum detection algorithms to identify high-probability breakout and reversal points on major currency pairs. It operates exclusively on MT4, making it accessible to millions of traders around the globe. The core idea: let the market tell you where it wants to go, then follow its lead with disciplined entry, stop-loss, and take-profit levels baked right into the code.


How Skittles EA Works
At its heart, Skittles EA scans each incoming candle for specific momentum signatures—a combination of ATR-based volatility filters and custom trend-strength indicators. Once the conditions align, it opens either a buy or sell position with predefined risk parameters. No martingale, no grid averaging, no hidden “magic numbers.” Each trade uses a fixed-lot or dynamically calculated lot size based on your account balance, ensuring consistent risk management.


 


Skittles EA V1.0 MT4


 


Key Benefits



  • 100% free to download and use—no subscriptions, no hidden fees

  • Designed for MT4: seamless integration and quick setup

  • Built-in risk management: fixed stop-loss and take-profit levels

  • No martingale or grid systems—focus on clean price action

  • Adjustable lot sizing: from micro-lots for small accounts to optimized lots for larger balances

  • Works on major Forex pairs (EURUSD, GBPUSD, USDJPY, etc.)

  • Tested on both backtests and live-demo accounts

  • Regular updates and support via WhatsApp and Telegram


Performance Backtest & Live Demo
Before releasing Skittles EA V1.0 MT4 to the public, the developers ran an extensive backtest covering five years (2018–2023) on the EURUSD pair using tick-by-tick data in MT4’s built-in strategy tester. The results were impressive: an average annual return of 18%, a maximum drawdown of 6%, and a profit factor exceeding 2.2. The equity curve showed steady growth with minimal volatility, especially during major news events like the 2020 pandemic crash.


To validate those backtest numbers, Skittles EA has also been running on a live-demo account since January 2024. Over the first six months, it recorded a 9% gain with a peak drawdown of just 3%. That consistency is a testament to the robust entry signals and disciplined exit rules coded into version 1.0.


Supported Instruments & Timeframes
Skittles EA is optimized for the following major pairs on the H1 timeframe:



  • EURUSD

  • GBPUSD

  • USDJPY

  • AUDUSD

  • USDCAD


While the default timeframe is H1, advanced users can experiment on M30 or H4 with minor parameter tweaks. However, running it on lower timeframes (M15 and below) may increase the number of whipsaw trades and should be approached with caution.


 


Skittles EA V1.0 MT4


 


Step-by-Step Installation Guide



  1. Download the EA
    Visit the official download page at https://fxcracked.org/skittles-ea-v1-0-mt4 and grab the SkittlesEA.ex4 file.

  2. Copy to MT4 Folder
    Open your MetaTrader 4 directory, then paste SkittlesEA.ex4 into MQL4/Experts.

  3. Restart MT4
    Close and reopen MT4 so the new EA appears in the Navigator under “Expert Advisors.”

  4. Attach to Chart
    Drag “Skittles EA V1.0” onto your preferred H1 EURUSD chart.

  5. Adjust Settings


    • RiskPercent: Set your maximum risk per trade (default 1%).




    • MaxTrades: Limit simultaneous trades (default 1).




    • MagicNumber: Unique ID to avoid conflicts with other EAs.





  6. Enable AutoTrading
    Click the AutoTrading button on the MT4 toolbar. You’re live!


For visual learners, here’s an annotated settings screenshot showing the key input fields.


Why Choose Skittles EA Over Other Free EAs?
So many “free” EAs hide subscription traps or require you to trade with a specific broker to unlock full functionality. Skittles EA’s open-source ethos means you get everything right away—fully unlocked, no strings attached. Plus, its reliance on price action rather than fancy indicator stacks ensures it adapts quickly to changing market conditions. And when there’s a bug or you need a hand, the developer team is just a message away on WhatsApp (https://wa.me/+443300272265) or in the Telegram group (https://t.me/yoforexrobot).


Risk Disclaimer
Forex trading carries inherent risk. Past performance is no guarantee of future results. Skittles EA V1.0 MT4 is provided “as is” and for educational and demonstration purposes only. Always test on a demo account before deploying on a live account. Make sure you understand how stop-losses, margin requirements, and slippage can impact your trades.


Community Feedback & Updates
Since its release, Skittles EA has garnered positive reviews on forex forums. Users praise its straightforward setup, low-drawdown profile, and consistent monthly gains of around 1–2%. The development roadmap includes a version 1.1 update slated for Q3 2025, featuring multi-pair correlation filters and customizable trailing stops.


Conclusion & Call to Action
Ready to add a splash of color to your trading? Download Skittles EA V1.0 MT4 for free today at https://fxcracked.org/skittles-ea-v1-0-mt4, attach it to your MT4, and let your account growth taste like candy. Any questions or need help? Ping us on WhatsApp or join the Telegram community. Trade smart, trade simple—Skittles EA is here to brighten your trading journey.


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Happy Trading!