The BenderFX V4 EA is a free-to-download automated Expert Advisor, introduced in 2020. It combines the Hull Moving Average (HMA), the exclusive Shadow Bender indicator, and the Fibonacci tool, aiming for a monthly return target of 10-15% with a minimum account balance of $100.
A defining feature of BenderFX V4 is its approach of executing each trade as an individual “single shot” rather than relying on risky systems like martingale. This method helps minimize potential losses, ensuring that each trade follows a structured, risk-managed strategy.
Designed for the M15 and H1 timeframes, the strategy balances short-term gains with overall stability. The EA has been optimized to keep the maximum drawdown below 2%, enhancing its risk management profile. 
BenderFX uses the Fibonacci indicator to identify price retracement opportunities, focusing on the Fibonacci Golden Zone and probabilistic zones to anticipate potential price movements. The Shadow Bender indicator—exclusively developed for this EA—accurately signals potential turning points in the market, enhancing entry and exit precision.
Trade entries are based on probability calculations that factor in elements like momentum, volatility, and historical indicator performance. Each factor is weighted in the decision-making process, making the strategy comprehensive and data-driven.
BenderFX V4 also comes with over 10 optimized “.set” files, each fine-tuned using advanced genetic algorithms to maximize profits and minimize drawdown. Unlike the previous BenderFX V2, this version avoids risky techniques like martingale and grid strategies. It only executes 5-10 trades per month, often going days without a trade, and strictly limits itself to one open position at a time. Each trade is protected by a Stop Loss and Take Profit.
Recommendations for BenderFX V4 EA
Minimum Balance: A $100 minimum account balance is required.
Optimized Settings: Use only the provided set files for specific currency pairs to ensure trades are executed. Using other settings may prevent trades from opening.
Best Timeframes: The EA works optimally on M15 and H1 timeframes.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Broker Compatibility: The EA is compatible with various account types. (Find the Perfect Broker for your needs).
