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Rainbow EA MT5

Description :

Rainbow EA MT5 is a simple Expert advisor based on  Rainbow MT5 indicator witch is based on Moving average with period 34.

The indicator is incorporated in the EA, therefore, it is not required for the EA to operate, but if you wish, you can download it from my product page.

The Expert Advisor settings are as follows :

Suitable for Timeframes up to H1


The parameters below can be set according to your trading rules.

  • StopLoss ( Stop Loss in pips)
  • TakeProfit ( Take Profit in pips )
  • Magic number : ( set to 673291, is the  EA identifier. When running multiple instances of the same EA on one currency pair, this value should be changed for each instance )
  • Maximum Trade Duration ( in Bars )
  • Minimum Trade Duration ( in Bars )
  • TradeSize : 1.0 ( Trade size )
  • Maximum Slippage ( set to 3 )
  • MaxOpenTrades : 1 ( Maximum open trades per currency pair )
  • Hedging : true ( Hedging mode )

Some clarification to remember :


For 5-digit brokers : 1 Point=0.00001 and 1 Pip=0.0001 => 10 Points=1 Pip

For 4-digit brokers : 1 Point=0.0001 and 1 Pip=0.0001 => 1Points=1Pip

If your account type is Netting then set Hedging mode to false. 



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Prestige MT5
Marat Baiburin
5 (4)
Prestige   ist ein vollautomatischer Devisenhandelsberater. Discount on all my goods in honor of the beginning of spring! The offer is valid until 04/03/2023! Überwachung des Expert Advisors:   https://www.mql5.com/ru/signals/1856929 Prestige   ist ein EA, der Mittelungsaufträge verwendet, um feste Verluste zu reduzieren. Der EA verwendet die Wyckoff-Preiswellenanalyse und die Preis-/Volumenverhaltensanalyse der letzten Handelssitzung. Wyckoff-Diagrammmuster haben ihre Wirksamkeit bei der Analy
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Phsyco Experts
Entus Sofian
2.86 (7)
Physco Experts EA is Powerful and Complete Expert because it can run well on XAUUSD/GOLD and Forex markets such as EURUSD, GBPUSD, EURGBP, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY, EURJPY, and GBPJPY. This Expert  uses Neural Network Algorithm in combination with traditional technical analysis to predict market movements. This Expert has trained for that pairs. Note: This is a   limited introductory offer : Only  5  of 5 copies   of this EA will be sold at the current price. Next price:   $699 The
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Wolf Scalper
Dmitry Kondrashov
2.67 (52)
Wolf Scalper  is a fully automated scalping robot that uses a very efficient breakout strategy, advanced money management and probabilistic analysis. Most effective in the price consolidation stages that occupy the bulk of the market time. Proven itself on real accounts with an excellent risk-to-reward ratio. Does not need forced optimization, which is the main factor of its reliability and guarantee of stable profit in the future. S uitable for both beginners and experienced traders.   Monito
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Waka Waka EA MT5
Valeriia Mishchenko
4.57 (30)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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Edge EA Pro MT5
Aleksandr Zheltikov
5 (4)
Edge is a fully automated trading system that finds trading opportunities and places trades by combining technical indicators, price action analysis, wave analysis and all-day market pattern analysis using Fibonacci areas. Based on historical market data, the system's thinly layered multilayer neural network is trained to identify patterns and relationships that can be used to predict future price movements. The neural network processes various inputs, including price data, technical indicators
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GoldenScalp MT5
Konstantin Kulikov
Hello algo traders. This Expert Advisor can be considered the apogee of my activity in Forex. I managed to apply all my knowledge to the development of this trading system. The Expert Advisor trades on gold (XAUUSD), any timeframe (the same on any TF), the initial account balance is from $50. The following presets are available "GS default SL 001for100"   (same as default settings). Each position has several closing logics, including a hidden StopLoss, which is calculated individually for eac
287 USD
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