3.547 · 9 REVIEWS



Updated: Aug 21, 2019 ·  · Is this your company?

The MFM-LABS MT4 EA is a forex expert advisor. The MFM-LABS automated forex trading software for the MetaTrader platform is no Hedging. The forex robot works with all brokers.

Website is down. Company seems to be out of business.

Performance tests

Status Account Product P/L Weekly,% Weeks tested P/L Gross,%
MFM3 +0.58 27.1 +17.042
MFM4 +0.48 159.9 +115.617

Performance results may be delayed. Please click the test to see detailed current report.

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3.547 · 9 REVIEWS
Forex Peace Army

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Traders Reviews

Mar 4, 2017,
Registered user

Give it a shot...just don't use too large a lot size.

Been trying it live on my Thinkforex account...seems decent so far. No martingale, no grid trading. The results are fairly close to the ones on Myfxbook. I highly suggest you don't use the default lot sizes based on your account size since the risk/reward ratio is crap. Use smaller lot sizes instead...
Bangkok, Thailand,
Jan 11, 2016,

It is one of the best EA on the market if u use default setting or use Lot_Multiplier no more then 2.0 , Lot_Size must be 0 some time ea will trad lose but ea always comes back. U can see real account here ,,
P.S. This EA very sensitive with low spreads and fast execution broker. Please find broker to run this EA if u want make money. Fxchoice, Darwinex is a good choice and the location on the VPS to broker server must low. ping.
I love this EA very much because this EA does not use a martingale or multiply risk but ea can make real money, it is very rare on the market.

I not good at english sorry.
Bavaria, Germany,
Jun 18, 2015,

MFM4 is a very good scalping system but it is very broker sensitive.
I made good profit with MFM4 during the last 6 months with broker FxOpen and FxChoice and VPS from beeks UK
when I let it trade this currency pairs: GBPAUD, GBPCAD, GBPCHF, GBPJPY, USDCAD, USDCHF, USDJPY.
All other by the vender recommended currency pairs makes losses. Especially the EUR pairs.

This broker makes generally losses or small profit with MFM4: Exness, RoboForex, Fort Financial Service (with their own VPS), Orbex with VPS beeks UK

It´s important to set Download_Settings=true in set files.
Seattle, USA,
Apr 28, 2015,

Unique EA, all trade winner only the end session lost cause I cut the time, but the whole is promissing, I got tweaking it, but not holygrail yet but 90% winner, great EA
, Hungary,
Feb 28, 2015,

I ran the expert for almost 60 days,but since it made 40% DD on my account I claimed for the 60-day money back guarantie, but no answer received to any of my e-mail. Money hasn't arrived back.
Johannesburg, South Africa,
Oct 20, 2014,

I ran MFM4 on my account for about 3 weeks. It produced mixed results, 3 or 4 days up (1-2% per day) and then would lose 6-8% all at once. The system would also hold trades over the weekend – if there was a gap at opening my account would have been wiped out but luckily this didn’t happen. I have asked the author some questions about setting up the EA because I was seeing different results to what he showed on his site, but my emails were ignored. I then requested a full refund (his site promises a full refund within 60 days if customers are not happy) and I was told that I was “abusing” him by asking these questions. Use this EA at your own risk!
Reply by MFM3 submitted Jan 19, 2015:
My EAs are not martingales, they will lose sometimes. You are not entitled to customer support after receiving a refund, that is abusing the system.
, Hong Kong,
May 10, 2014,

The best EA I have ever used. profitable and reliable I have used it for a month, and earned a lot.
Chelsea, USA,
May 10, 2014,

I placed this EA live on 3/1/2014 and from a $100 deposit fell to $89 dollars, but afterwards it's been winning consistently and so far as of 5/9/2014 my balance is $112. In the long run I think this product is a big profit producer.
london, United Kingdom,
Apr 28, 2014,

use for 3 weeks most of time it does not trade and only display it not right time for day trading, its scam they don hav telphone contect, u don see there email address. don see refund policy. im trying to get my money back through bank.
Reply by MFM3 submitted Apr 30, 2014:
The EA trades the Asian session. When it is not the Asian session, the EA will display a message on the screen that says, "It is not the right time of day for trading," this is normal. Not having phone support doesn't make my EA a scam. I never promised phone support. I do not offer phone support because of people like you. My email address "" is clearly listed on my page, as well as a contact box. There is also a support contact in the members area. You are a scammer, and I don't want your money. Who ever you are, give me your email address so I can refund you.
, Malaysia,
Mar 15, 2014,

Tested on live account for 3 weeks now. It was profitable the first two weeks and support was fairly responsive. The EA makes 5 or so trades with small profits but then makes a single losing trade that overpowers the profitable trades. Will give it another week before rating.
MII Inc.,
Mar 7, 2014,

Ive been using this for about a week and it does seem decent. I will say that I did hit a 70 pip stop on the GBP AUD unlike the results shown here and the statement here showing GBP CHF cutting a position at -15 pips on 3/7/14, mine didn't cut and stayed in floating. I did contact support but they have been largely non-responsive. I started out with a $500.00 balance and I am sitting at $458.18. Although results are not expected to be indentical to the account shown, the amount of drawdown reasonable, The stops are higher than those listed on the vendors website.
Perugia, Italy,
Mar 6, 2014,

Has anybody tried this EA? The test seems excellent. I like the multiple pairs choice.