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Magic EA Free MT5

Magic EA is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic and 3 other strategies managed and decided with the robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA don't need any professional information or Forex Trading Knowledge. EA can trade on all symbols and all time frames, using special and unique strategies developed by the author.

The EA works with low margin levels and thus has low risk.

Free Version can trade on EURJPY Lots 0.01. For Full Version use Magic EA MT5.


Using EA :


The EA is very simple and without complicated input parameters.

These are main parameters must be set :

  • General Options
  • Time Frame : Time frame for trading.
  • Trade Type : Long/Short/Both/No-Hedge
  • Stop Trading : if true, EA don't open a new position. Only manage already opened.
  • Minimum Distance to Open New Position : Distance to ignore new signals if older positions exist.
  • Maximum Spread to Open Position : Spread to stop trading
  • Magic Number : Any constant ID.
  • Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.
  • Closing Positions
  • Take Profit : TakeProfit in Points
  • Action for in-Loss Positions : Averaging-Add,Averaging-Multiply, StopLoss, WaitforTP
  • Stop Loss : StopLoss in Points. Only act if the StopLoss option selected above.
  • Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.
  • Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
  • Averaging Volume Add : Volume adding if averaging selecting above.
  • Averaging Maximum Volume Per Trade
  • Averaging Maximum Number of Trades
  • Volume Settings
  • Volume Calculation Method : Fixed, Dynamic Lots or Risk Percent based on Balance/Equity/Free Margin
  • Fixed Lots : Volume of trading
  • Lots Per 1000 : Volume per 1000 Balance/Equity/Free Margin
  • Risk Percentage
  • Maximum Volume Per Trade
  • Minimum Volume Per Trade
  • Trailing/Break Even
  • Trailing Stop Loss : Enable/Disable Trailing Stop
  • Trailing Start : Trailing Start Distance in Points.
  • Trailing Stop : Trailing Stop Loss Distance in Points.
  • Trailing Step : Distance to apply Trailing Stop Loss in Points.
  • Break Even : Enable/Disable Break Even
  • Activate Break Even After Loss : Distance to apply Break Even in Points
  • Day and Time Filters
  • There are options to stop trading on specific days and hours
  • News Filter Inputs
  • Block Trading During Low Impact News
  • Minutes Before/After Low Impact News
  • Block Trading During Medium Impact News
  • Minutes Before/After Medium Impact News
  • Block Trading During High Impact News
  • Minutes Before/After High Impact News
  • Notifications


* All above default point inputs are for 5digit accounts. if your account is 4digit use 0.1x numbers.



Optimizing EA :


(important) Optimize EA for the last 6 month before using, and update optimization every 1-2 month.

There is no any parameter to optimize EA signal engine. The only parameters are user money management inputs.

Optimization of EA is so fast and easy. We recommend these Optimization inputs :

  • Load all Default Values
  • Test with Every Tick Based on Real Ticks
  • Time Frame Bounds : M5 to D1
  • Take Profit Bounds : 100 to 1000 step 100 (10 to 100 step 10 for 4digit accounts)
  • Averaging Distance Bounds : 500 to 8000 step 500 (50 to 800 step 50 for 4digit accounts)
  • Averaging Volume Multiplier  Bounds : 1 to 5 step 0.5

It is strongly recommended to optimize EA based on the example demonstrated in the video.



 
Recommendations and Using Conditions :

  • EA Only works on Hedge Accounts (netting is not supported)
  • You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
  • If you attach EA to multiple charts, decrease volumes to reduce your risk.



Activating News Filter :

  • Enable "Allow Webrequest" on Tools/Options/Expert Advisors and add http://ec.forexprostools.com/ to the list.
  • News Filter will not work in tester because of MQL limitations.



We are ready to help you for using the EA, Please don't hesitate to contact us.
Visit our other useful utilities, Indicators and experts here.


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A copy of the " GridMartin Conqueror " Expert Advisor:  https://www.mql5.com/en/market/product/32758 The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download sets in comment   #5:  https://www.mql5.com/en/market/product/64329#!tab=comments&page=1&comment=22166007 Monitoring:  https://www.mql5.com/en/signals/author/test-standart   Telegram channel with news:   https://t.me/EAFXPRO   Telegram group for questions and discussion:   https://t.me/EAFXPRO_chat Highligh
197 USD
TrendLine GRID
TrendLine GRID
Evgenii Aksenov
Promo price: $150 !!! Final price: $795       User's Manual:   here           Live signals:     here            Our programs :  here            Subscribe to our  Telegram This is a grid EA based on the signals of the  Trend Line PRO mt5 indicator for hedge accounts Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces the most unpro
150 USD
Swiss MT5
Swiss MT5
Nadezda Bogacheva
SWISS  is a fully automated Price Action expert adviser designed to trade   Gold(XAUUSD) ,   EURUSD   and   USDCHF  >>>>>>>>>>>>>>>>>>>>    65% discount (999 USD >>> 349 USD) , special for the   Next 10 buyers (2 left)        <<<<<<<<<<<<<<<<<<< Normal price $999 SUGGESTED BROKER FOR SWISS Telegram channel  https://t.me/NeuralEngineEA What is Price Action? Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, co
349 USD
Panda Night MT5
Panda Night MT5
Jiang Ming Wang
Panda night The system looks for signs of reversal, in hours when the market is not strong and the risk of high movements is low. Panda Night MT4 : https://www.mql5.com/zh/market/product/65702 https://www.mql5.com/zh/signals/985821 https://www.mql5.com/zh/signals/985826 The system has the ability to work well with many symbols, and the correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk. The EA is very easy
199 USD
PipFinite Sequence EA MT5
PipFinite Sequence EA MT5
Karlo Wilson Vendiola
100% Auto EA Combining High Probability Trend Setups + Reversal Filter + Multi Timeframe Analysis. The EA uses a dynamic & adaptive grid strategy that always closes the basket of trades in a net positive profit. Sequence EA is not sensitive to spreads and slippages because exit targets are smartly adjusted to ideal levels. Real Account Monitoring Signal 1 https://www.mql5.com/en/signals/995610 Signal 2 https://www.mql5.com/en/signals/901171 User Manual + Settings + Private Telegram
288 USD
AW Recovery EA MT5
AW Recovery EA MT5
Alexander Nechaev
Advisor is a system designed to restore unprofitable positions. Simple setup, delayed launch during drawdown, locking, disabling other expert advisors, averaging with trend filtering and partial closing of a losing position built into one tool. The system of automatic calculations will prepare the settings in a few clicks. The use of partial closing of losses allows you to reduce losses with a lower deposit load, which ensures a more secure work with losses, in contrast to the grid strategies o
145 USD
PipFinite Trend Grid EA MT5
PipFinite Trend Grid EA MT5
Karlo Wilson Vendiola
Smart Trend Following EA Using Trend Pro Indicator Signals In A Unique Grid Strategy. If you have Trend Pro Indicator, Trend Grid EA maximizes its function in a fully automated trading strategy. The innovative grid algorithm manages each position to ensure every basket is closed in a net positive profit. Real Account Monitoring Signal 1 using basic sets https://www.mql5.com/en/signals/995778 Signal 2 using basic sets https://www.mql5.com/en/signals/985433 User Manual + Settings +
188 USD
AW Scalping Dynamics MT5
AW Scalping Dynamics MT5
Alexander Nechaev
Advanced trading on trend reversals. The EA does not use grids or martingale. But, if necessary, they can be used in the input settings. 3 types of notifications and position locking when the maximum basket load is reached. The default settings are recommended for EURUSD on the M15 timeframe. Troubleshooting, appeal to the author   - >   https://www.mql5.com/en/blogs/post/741436   How the EA trades:   First of all, when trading, the current trend activity is taken into account (the "   Main
395 USD
Zennith MT5
Zennith MT5
Olena Skrynnik
This is my new EA - Zenith. Based on the same algorythm but with adding deepest training. Unfortunately the code is too large for making it selflearning as HumbleBee EA that's why it is manual learning EA. I'll retrain it mounthly. I recommend to use it only with the next following pairs: USDCHF, EURUSD, USDCAD, AUDUSD, USDJPY By default, the Zenith EA has a low trading frequency and does not use scalping, but has grider parameter as well.  EA contains following input parameters: Trade Pairs -
199 USD
Kyoto MT5
Kyoto MT5
Ruben Octavio Gonzalez Aviles
Kyoto is a steady and dynamic algorithm with more than 98% profitable trades in a historical backtest. It usually opens multiple trades per week and closes them mostly within the same day.   Introductory offer: Only the next 3 copies of this EA will be sold at the current price.  The price will increase after this threshold. NO m artingale, smart recovery, grid trading or averaging in this algorithm.Be careful with such methods as they can quickly wipe out your portfolio. Recommended Bro
249 USD
Absolute FX MT5
Absolute FX MT5
Smart Forex Lab.
99.5% proven profitable trades!*  Absolute FX - the "no-loss"* scalping strategy based on reversal patterns. No grid, no martingale, no ..., no ... Just pure price action trading system. The maximum win rate* is achieved when trades follow the trend, SMA and Bollinger Bands can be used to determine the direction. Be in touch  >>   Telegram channel Absolute FX MT4 EA >>  https://www.mql5.com/en/market/product/66004 *99,5% win rate is based on the backtests in 2015-2020. Past performance is
295 USD
Carousel Triple Correlation MT5
Carousel Triple Correlation MT5
Stanislau Siatsko
By popular demand, the minimal price for CAROUSEL_Triple_Correlation EA ($1250 ---> $350) was activated. This PROMO valid only until May-10' 2021 Carousel_Triple_Correlation is a powerful tool that has no analogues on the market, and possibly the only automated system with an exclusive trading principle and with the capabilities that the system has. The Carousel_Triple_Correlation logic uses triple correlation, that is, the interaction of 3 different instruments at the same time. This is a trul
350 USD
PZ Hedging EA MT5
PZ Hedging EA MT5
Arturo Lopez Perez
Dieser EA verwandelt Ihre verlorenen Trades mit einer einzigartigen unausgewogenen Absicherungsstrategie in Gewinner. Sobald der anfängliche Trade eine vordefinierte Anzahl von Pips in den negativen Bereich verlagert, setzt der Wiederherstellungsmechanismus ein: Er platziert eine begrenzte Anzahl von alternativen Trades oberhalb und unterhalb des aktuellen Preises, bis alle mit einem kleinen Nettogewinn geschlossen werden können. [ Benutzerhandbuch | Installationsanleitung | Update-Anleitung | F
299 USD
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Kyra Nickaline Watson-gordon
First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA  don't need any professional information or Forex Trading Knowledge. First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author. Free Version is available : First Scalper Free MT5 Using EA :
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VWAP Indicator MT4
VWAP Indicator MT4
Kyra Nickaline Watson-gordon
Description : VWAP (Volume-Weighted Average Price) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which pair is traded over the trading horizon. Read More. All Symbols and All Timeframes are supported. Indicator Inputs :     VWAP Mode : Mode of VWAP Calculation. Options can be selected : Single,Session,Daily,Weekly,Monthly     Volumes : Real Volumes,Tick Volumes     Price Type : Used price for cal
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Loss Recovery 1 MT4
Loss Recovery 1 MT4
Kyra Nickaline Watson-gordon
Loss Recovery 1 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods. This EA places some positions in opposite directions and some positions in direction of wrong position and manages these positions with mathematical methods until recovering total loss of the position. Using EA : The EA is very
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First Scalper Free MT5
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Kyra Nickaline Watson-gordon
First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA  don't need any professional information or Forex Trading Knowledge. First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author. Free Version can trade on EURUSD Lots 0.01. For Full Version use
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Loss Recovery 1 MT5
Loss Recovery 1 MT5
Kyra Nickaline Watson-gordon
Loss Recovery 1 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods. This EA places some positions in opposite directions and some positions in direction of wrong position and manages these positions with mathematical methods until recovering total loss of the position. Using EA : The EA is very
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Triangular EA vMT5
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Kyra Nickaline Watson-gordon
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995 USD
Magic EA MT5
Magic EA MT5
Kyra Nickaline Watson-gordon
Magic EA is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic and 3 other strategies managed and decided with the robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA don't need any professional information or Forex Trading Knowledge. EA can trade on all symbols and all time frames, using special and unique strategies developed by the author. The EA wo
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Triangular EA Limited vMT5
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Kyra Nickaline Watson-gordon
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Magic EA Free MT4
Magic EA Free MT4
Kyra Nickaline Watson-gordon
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First Scalper Free MT4
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Kyra Nickaline Watson-gordon
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Triangular EA Free vMT5
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Triangular EA Free MT4
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Smart Copy Local Free MT4
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Kyra Nickaline Watson-gordon
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Kyra Nickaline Watson-gordon
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Kyra Nickaline Watson-gordon
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Triangular EA Limited MT4
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VPO Profile MT4
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Kyra Nickaline Watson-gordon
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TPO Profile MT4
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Kyra Nickaline Watson-gordon
Definition : TPO is a Time Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words time-price-opportunity (TPO) profiles are histograms of how much time was spent at each price within the span of the profile. By using a TPO chart, you are able to analyze the amount of trading activity, based on time, for each price leve
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Loss Recovery 2 MT4
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Kyra Nickaline Watson-gordon
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Loss Recovery 3 MT4
Loss Recovery 3 MT4
Kyra Nickaline Watson-gordon
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Channels MT4
Channels MT4
Kyra Nickaline Watson-gordon
All Channels Indicator is an All-In-One Indicator with a powerful calculation engine. Indicator contain 4 different and usual methods for finding channels on market. Indicator is powered by a visual interface and with various selections of alerts and notifications. Using Indicator : Display 4 Types of Channels on chart : Linear, Spiral, Weekly, Monthly The Indicator is very simple and without complicated input parameters. (No need to optimize anything.) Channels will be shown on charts w
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First Scalper MT4
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Kyra Nickaline Watson-gordon
First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA  don't need any professional information or Forex Trading Knowledge. First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author. Free Version is available : First Scalper Free MT4 Using EA :
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Fundamental Signals Indicator MT4
Fundamental Signals Indicator MT4
Kyra Nickaline Watson-gordon
Fundamental Signals Indicator is a Non-Repaint Indicator with a powerful calculation engine that can predict market movement over 3000 pips (30000 points). The indicator does not analyze the market fundamentally, it is named fundamental because it can predict trends with large movements, no complicated inputs and low risk. Also Indicator can alert on market trend changes. Using Indicator : The Indicator is very simple and without complicated input parameters. (No need to optimize anything
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Fundamental Signals Scanner MT4
Fundamental Signals Scanner MT4
Kyra Nickaline Watson-gordon
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Account Graph MT4
Account Graph MT4
Kyra Nickaline Watson-gordon
An indicator to draw a graph of account current and historical state such as Balance, Equity, Margin, Free Margin, Margin Level, Drawdown, Account Profit, Deposit and Withdrawals. Indicator Inputs : Draw Balance Graph Draw Equity Graph Draw Margin Graph Draw Free Margin Graph Draw Margin Level Graph Draw Drawdown Graph Draw Account Profit Graph Tips : The Indicator will draw historical balance graphs and deposit/withdraw arrows by back analyzing history of orders. But other data such as Draw
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Fundamental Robot MT4
Fundamental Robot MT4
Kyra Nickaline Watson-gordon
Fundamental Robot is an Expert Advisor based on Fundamental Signals Indicator. Fundamental Signals Indicator have a powerful calculation engine that can predict market movement over 30000 points. The indicator is named fundamental because it can predict trends with large movements, no complicated inputs and low risk.  The EA works with low margin levels and thus has low risk. Free Version is available : MT4 Free or MT5 Free Using EA : The EA is very simple and without complicated input p
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