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Algocore MT5

FREE

Published: 18 September 2025

Current version: 2.0

Algocore MT5

Experts
Designetics Enterprises (Private) Limited
Designetics Enterprises (Private) Limited
Tech Consultant at Designetics Enterprises (Private) Limited

Zimbabwe

4042
5 (2)
Hi there! I'm a tech and mql5 programming enthusiast who loves turning both my trading ideas into easy-to-use programs for myself and other traders. I enjoy learning new things and value the ideas and experiences that others share. I hope fellow traders will benefit from the tools that I will be

3 products
Version: 2.0
Updated: 6 October 2025

The AlgoCore MT5 Expert Advisor is a straightforward trading system developed for XAUUSD on the MetaTrader 5 platform.

It applies a trend based methodology with additional filters to manage risk and adapt to market conditions. The system is designed with simplicity in mind, avoiding unnecessary complexity.

AlgoCore Settings

Currency Pair: XAUUSD
Timeframe: M15
Recommended Balance: 500 USD minimum
Recommended Lot Size: 0.01 (adjustable)

Customizable Parameters

Magic Number – unique ID for AlgoCore trades
Static Lot – fixed lot size
Stop Loss / Take Profit – user-defined values in points
Buy/Sell Filters – enable long only, short only, or both
Positions to Open – number of trades per signal
Total Profit Target – closes all positions once a defined goal is reached
Partial Close – close part of positions when profit is reached
RSI Filter – avoid overbought/oversold entries
News Filter – restricts trading around news events
Time & Day Filters – control when trades can open

Best Practices

Apply careful risk management when adjusting parameters
Consider using a VPS for uninterrupted operation
Test on demo before applying to live accounts

Updates

New features will be introduced gradually after full testing. Updates will be announced in the product page.

Risk Disclosure

Trading involves risk. The AlgoCore MT5 EA may experience losing trades or periods of drawdown. Past performance does not guarantee future results.

more...

1338

Nezo Eliot 2026.05.27 01:38 #

This EA has been performing really well for me so far. After some testing and adjusting the my settings for xauusd M5 to my own style, it’s been delivering stable daily profits. Big respect to the developer for this amazing work.

776

Ricky Zoltan Beznec 2025.09.21 07:18 #

been testing and got real good results backtesting using different inputs.will forward test now. one issue in 1 hour of trading in over 8 months it opened 100;s trades open closed in 1 second with set take profit and stop loss.may have been issue with data from server.

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Filter:

1338

Nezo Eliot 2026.05.27 01:38 #

4042

Reply from developer Lovemore Chirongo 2026.05.27 14:57 #

Hi Nezo, thanks for the feedback and appreciation!

776

Ricky Zoltan Beznec 2025.09.21 07:18 #

4042

Reply from developer Lovemore Chirongo 2025.09.21 21:31 #

Hi Richard, thanks for the feedback. I’ll look into it, as I had a similar experience on silver. I noticed it was caused by very large slippage towards the end of the Asian session and heading into the London premarket. Like in your case, it was an isolated incident, but after a slow replay using broker data, that’s when I picked it up. After you are done with forward test feel free to send feedback or any contribution so i can improve the EA.

Algocore MT5

Designetics Enterprises (Private) Limited