Quick Money Forex EA – Full Settings Guide & Strategy Explanation
The Quick Money Forex EA is a powerful, free Expert Advisor built for traders who want smart, low-risk, high-efficiency trading. Whether you’re a beginner testing on demo or an experienced trader running real accounts, this EA gives you full control with easy-to-understand settings and powerful automation.
In this post, you’ll get a full explanation of:
- What this EA does
- How it works
- And how to set it up correctly using all available options
📌 What Makes Quick Money Forex EA Unique?
Quick Money Forex EA is not like traditional robots that stay in the market for hours or run complex grid/martingale strategies. Instead, it focuses on:
- 🚀 Fast entry and exit from the market
- 🔒 Controlled risk with smart limits
- 💰 Potential for consistent profits using low drawdown logic
- 🛠️ Full customization via user-friendly inputs
- ✅ Absolutely free to use on both demo and real accounts
⚙️ Settings Overview (User-Friendly Input Guide)
To get the best results from this EA, you need to understand what each setting means. Here’s a breakdown of every input available when you attach the EA to a chart:
🔹 Trading Style
Trade Duration
You can choose how long the EA should typically stay in trades. There are 10 levels – from “Very Short” (quick in and out) to “Longest” (longer trend-based trades).
Ideal for traders who want to match the EA to their market strategy or preferred risk exposure.
🔹 Order Management Settings
Gap Between Orders
Controls how much distance (in pips) there must be between multiple open trades. This avoids opening too many trades too close to each other.
Maximum Number of Orders
Set the total number of trades the EA is allowed to open at the same time. This gives you direct control over exposure.
🔹 Money Management Settings
Lot Size Mode
You can choose between:
- Fixed Lot Size – You define a single size for every trade.
- Auto Lot Size – EA calculates lots based on your account balance and equity.
Fixed Lot Size Value
Used only if you selected fixed lot size mode. Choose any value like 0.01, 0.1, etc.
Minimum Lot Size & Maximum Lot Size
If you’re using auto lot size, this will help define the smallest and largest trade sizes the EA can use. This prevents over-trading on small balances or under-trading on large ones.
🔹 Spread Filter
Maximum Allowed Spread
The EA will only trade when the spread (difference between bid and ask) is within your allowed limit. This prevents entering trades during high-spread conditions such as market open or news times.
🔹 Daily Targets and Limits
Daily Profit Target
You can enable a daily profit goal in dollars. Once this target is hit, the EA will stop trading for the rest of the day.
Daily Drawdown Limit
You can set a maximum daily loss in dollars. If this amount is lost, the EA will stop trading for the day to protect your capital.
These tools are ideal for traders who want to protect profits and control daily risk.
🔹 News Filter
Avoid Trading During News
You can enable a setting to prevent the EA from opening trades during high-impact news events. This helps reduce risk during volatile periods.
🔹 Trading Sessions
By default, the EA trades all the time. But if you prefer tighter control, you can enable specific trading sessions.
Use Trading Sessions
Enable this to define up to three different time ranges when the EA is allowed to trade.
- Session 1 Time Range
Set the start and end time (e.g., 08:00 to 10:00) - Session 2 Time Range
You can enable a second trading session (e.g., 12:00 to 14:00) - Session 3 Time Range
You can enable a third trading session (e.g., 16:00 to 18:00)
This is very useful if you only want the EA to trade during London session, New York session, or during calmer market hours.
🧪 Recommended Settings for Beginners
If you’re just starting out, here are some quick suggestions:
- Trade duration: Medium (around level 5)
- Lot mode: Auto Lots
- Max number of orders: 5 to 10
- Spread filter: 3–4 pips
- Daily target: $100 (optional)
- Daily drawdown limit: $100 (recommended)
- Enable news filter: Yes
- Use trading sessions: Optional (enable for more control)
💡 Final Thoughts
The Quick Money Forex EA gives you everything you need to automate smart forex trading. It’s powerful, fast, and safe—with features usually found only in premium robots. Whether you want to scalp fast, limit drawdown, or avoid news volatility, this EA has the flexibility to match your style.
💬 Your Feedback is the Future
This EA is 100% free, and always will be. In return, all I ask is that you:
- ✅ Share your honest results
- ✅ Leave a comment below
- ✅ Suggest improvements or ideas
add smart money management and it make some typoe martignle can you make it like hedge scalper and trend idenfhying .
Just explain the strategy to do. by money management, there can be multiple kinds of money management. so explain in detail everything
i can only see the download link for mt4. can i get for mt5 please? this and the prop firm ea as well.
thanks for your good work.
can this EA be used in cent account?
yes you can use any account type you want. it can work on all account types and either demo or real account
Please add trend filter like prop firm ea
Please Make MT5 version of Quick Money EA.
Quick Money EA. is profitable. if you know how to use it.. thank you for sharing this free Quick Money EA to us. Please Make MT5 version of Quick Money EA. thank you very much
Hi, first of all, I would like to thank you all for this initiative you’re working on. where everyone is throwing scraps on others, and with conditions, I only saw u guys doing this without any greed. I wish u all success and a prosperous life where ur knowledge is not with you only, you’re sharing every part of it with enthusiasts who want to fill their empty vessel with knowledge and money wish you all great success
findings >>it doesnt work on xauusd
and also if we have applied ea on one chart we cant put manual trade orders on other charts new orders on other chart auto cut .as
i was using ea on eurusd and when i tried to place orders on xauusd chart i faced this issue
I really love it when the bot is free
Things
Hi, first impression. The names of fields of settings in your recommandations don’t matche with th name in the EA; for example : “Trade duration” is “Trade pattern” ; “Enable news filter : yes” is “Avoid news : true”. Best comprehension will be “Avoir trading during news : true”. The option “Auto lots” is not well defined : what is the % of equity for the lot sizing ? In your recommended settings, you don’t talk about the “Gap between orders”.
This EA can be better with trend filter
Second first impression : EA needs a name to appear in trading results because if we run many of your EAs in the same MT, they all have the same name. Difficult to see the results of each one.
Hi admin. your strategy in QM EA. is very profitable. however during trending market like massive uptrend or drowntrend. the EA having huge drawdown.
what I want to suggest or recommend??? can you please add Grid Strategy Step lot.
for example. 1st 3 order. Order 1 0.01
Order 2 0.01
Order 3 0.01.
2nd set Order 4 0.02,
Order 5 0.02
Order 6 0.02
3rd set Order 7 0.03
Order 8 0.03
Order 9 0.03
and so on. i would suggest we can enter any lot size we want so that we can change it anytime base in our strategy.
and also can we add the gap in each order? not in overall gap.
and Please make a MT5 EA in this Quick money EA bro..
thank you so much for sharing you skills and talent in creating profitable EA`s..
waiting for your response.
please add trend filter to the Ea. and in auto lot when account size is big or cent account like 30K can we choose lot size like 0.1 . so the first order size be 0.1 or 0.2 or we shouldn’t change lot size in auto lot