Mentalist EA MT5
- Experts
- Version: 1.1
- Activations: 12
MENTALIST EA
Mentalist EA combines AI-assisted analysis with Smart Money Concepts to find high-probability institutional entries. It is a multi-currency EA for all forex pairs and metals, and every strategy runs from a single chart.
IMPORTANT PLEASE READ
- Mentalist is not a holy grail. Losing trades, drawdown and quiet periods are normal.
- Don't judge the EA on a few trades or a week or two. Use proper risk management and give it time.
- Results can differ from the backtest depending on your broker. Choose a broker with low spreads and reliable charts, because a poor broker can be the problem, not the EA.
- If you test it, please leave a review so others know what to expect.
BACKTEST RESULTS
Tested from 2013 to 2026 on all forex pairs and metals:
- Win rate: 51%
-Growth : 10230%
- Max drawdown:19.57%
-Starting balance : 1000
- Ending balance : 103 309
-Lot size : 0.1(fixed)
HOW IT WORKS
1. Trend: Identifies the market trend on M15.
2. Zones: Reads volume and marks the zones where large institutions entered. These become points of interest.
3. Wait: Waits for price to return to a point of interest.
4. Confirm: Confirms institutional entry on M5 before trading.
5. Entry: Opens two entries with the stop loss 5 pips below the confirmation candle.
6. Exit:Take profit is placed 0.2 pips before the next point of interest.
7. One at a time: No new position opens until the current one closes.
SETUP
1. Attach the EA to a chart and open its properties.
2. Set the symbols you want to trade to true and the rest to false. Maximum 2 symbols at a time.
3. Adjust lot size, entries per trade, stop loss and risk-to-reward to suit you.
4. You're ready to go.
Risk management
The Mentalist EA SKIPS trades with lower than 1.5 risk to reward ratio. In addition, it also calculates your remaining account balance to decide whether to place an order, in case the amount is lesser than the required amount it skips the trade OR sends alerts for a possible top up. Although this rarely happens as the EA DOES NOT have a minimum amount required for it to start trading. It can trade from as little as $20 depending on your lot size, broker and leverage choose a lot size your balance can comfortarbly handle.SUPPORT
Contact me after purchase and I'll help check your installation, broker symbol, SET file, lot size, magic number and protection settings.
Start with a small lot size and test on demo first, so you learn how Mentalist behaves with your broker before increasing risk. Then please leave a review.
