Eagle MG
- Experts
- Version: 1.9
- Updated: 13 October 2026
- Activations: 10
Eagle MG is a grid Expert Advisor for AUDCAD and NZDCAD. When price moves against a series, it can add trades with a growing lot, and every series has a maximum size at which it is closed. This is a grid system with an increasing lot: please read the risk section before using it.
Live track record
Live signal running since March 2024: Eagle MG signal.
All our live signals: Financial Freedom Signals. Our shop: Financial Freedom Shop.
Key features
Presets: the tested parameters for AUDCAD and NZDCAD are applied automatically
Buy and sell series run independently on the same pair
Profit targets set net of commission and swap
Each series has a maximum number of trades, then it is closed
Lot sizing: fixed lot, or the starting lot for every X of balance
Margin protection: no new trades, and all trades closed, before the broker's stop out level
On-chart panel with lot, spread, open profit and closed profit
Risk
The lot grows with every new trade of a series. When price runs far against a series, the position is large and the open loss grows until the series reaches its maximum number of trades and is closed. Most of the losses come from a few of these closures. A buy series and a sell series can run on the same pair at the same time, and with two pairs two series can be closed in loss in the same period.
Set the starting lot from your balance, not from the profit you want: use 0.01 lots on each pair for every 10,000 EUR, for example with Lot Sizing = For Every and Lot Size for every... = 10000. In the 2015-2025 backtest at this ratio, the largest equity drawdown was 19.9% (2015).
How we test
Backtests run on 100% real ticks from 2015 to 2025, with commission and swap deducted from every trade. The images show backtest results on historical data, not live trading.
The backtests were run in the MetaTrader 5 Strategy Tester with the MT5 build of version 1.9, which has the same parameters and default inputs. In the tester the MT5 build sets the profit targets net of the modelled commission and swap; on a live account both builds use the commission and swap charged by the broker. Results in the MT4 Strategy Tester will differ.
Requirements
Pairs: AUDCAD and NZDCAD, one chart for each pair. The presets recognise the pair also with a broker suffix (for example AUDCAD.fx). On other symbols the EA uses the input values, which are not tested.
Timeframe: any. The EA sets its own chart colours.
Account: ECN / low spread, hedging account. On a netting account the EA holds one position at a time. Spread, commission and swap reduce the results.
Minimum balance: 5,000 EUR for every 0.01 lots of starting lot on each pair, with AUDCAD and NZDCAD running together (leverage 1:100 or higher); in the 2015-2025 backtest at this ratio the largest equity drawdown was 29.6% (2015). Recommended: 10,000 EUR, which kept it under 20%.
VPS recommended, running 24 hours a day, 5 days a week.
Settings
General
Magic Number: give each EA on the account a different number
Use symbol presets: on AUDCAD and NZDCAD it replaces the manual settings with the tested values
Show Panel, Text Font Size, Draw closed profit on chart
Entries and lot size
Allowed Positions: long and short, only long or only short
Open new Buy series / Open new Sell series: when off, open series continue but no new series starts
Lot Sizing: Fixed Lot, or For Every (the starting lot for every X of balance)
Starting Lot Size, Lot Size for every... (balance)
Max Spread (points): new trades open only while the spread is below this value (0 = no limit; the presets use 30)
Exit
Stop Equity mode (% of balance or amount for every 0.01 lots) and Stop Equity value (0 = off)
About us
Financial Freedom is a team with more than 12 years of experience in algorithmic trading. We answer every comment and review.
Disclaimer: this is not financial advice. Please do your own analysis and testing. Forex trading carries a high risk: you can lose all your capital.
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