• Overview
  • Reviews (32)
  • Comments (239)
  • What's new

Silver Line EA

An automated Expert Advisor developed for Forex trading.

  • Expert Advisor is suitable for all types of accounts and with any type of spread.
  • The number of decimal places in quotes is determined automatically.
  • The EA does not require stopping during the news releases.
  • The chart timeframe does not matter. This parameter is defined in the settings.
  • The EA always uses Take Profit and thus it is less sensitive to the speed of the broker.
  • The EA two built-in trailing stop types. Any of them can be used.
  • The EA features a spread control, which prevents the EA from opening orders at a large spread value.
  • It is possible to disable the calculation and setting of take profit, and to sue third-party systems for closing orders.
  • Additional buttons for quick closing of positions allow for manual intervention in trading.

The default settings are optimized for the EURUSD pair. Settings for other currency pairs can be found in the comments, or can be provided on request.

The recommended leverage is 1:500.

Monitoring of real accounts for different pairs can be found here: https://www.mql5.com/en/signals/author/falcon_aiki

The minimum deposit is 1000 USD on a standard account. With small amounts of deposit, you need to use a cent account.


  • Risk - the value of the risk. Used to calculate the dynamic size of the order;
  • Fixed Lot Size - fixed lot size. If set to 0, the EA uses the dynamic lot size;
  • Spread control - enable/disable spread control;
  • Maximum spread - maximum allowable spread;
  • Drawdown control - drawdown control. The EA closes the trades when the specified value is reached;
  • Maximum drawdown - maximum allowable drawdown;
  • Time applies to - time parameter is applied only to the first order or to all orders [First order | All orders];
  • Open Time -time of start trading,by the terminal (broker) time;
  • Close Time - time of end trading, by the terminal (broker) time;
  • TP for Single order - expected profit for a single order, in points;
  • TP for 2 orders - expected profit with two open orders, in points;
  • TP for 3 orders - expected profit with three open orders, in points;
  • TP for 4 orders - expected profit with four open orders, in points;
  • TP for 5 orders - expected profit with five or more open orders, in points;
  • SL for fifth order - stop loss value applied only for the fifth order;
  • Min Candles - minimum time between orders, in minutes;
  • Min Distance - minimum distance between orders, in points;
  • Min Range - minimum allowable deviation of the indicator;
  • Period - period of the indicator;
  • Trailing Stop - profit in points to activate trailing stop (standard);
  • Trailing Step - step of trailing stop (standard), in points;
  • Work Timeframe - working timeframe;
  • Lot multiplier - multiplier for subsequent orders;
  • Trailing First - apply trailing stop to the first order;
  • Trailing All - apply trailing stop to all orders except the first order;
  • No of Previous Bar - number of the bar that will be used as the stop loss price;
  • HighLow Price Shift - shift of the stop loss price from the previous bar's price;
  • Trailing Stop Mode - applied variant of trailing stop (standard or previous bar);
  • TP Modification - allow the EA to set and modify take profit values;
  • SL5 Pause - pause after the stop loss of the fifth order triggers before a new one is opened;
  • Maximum Orders - maximum number of simultaneously open orders in the same direction;
  • Force for Grid - force open an order after the specified number of points away from the previous order (in the grid mode);
  • Slippage - maximum allowed price slippage in points;
  • Buttons panel - show the panel with the "Sell Close" and "Buy Close" buttons;
  • Text Color - color of displayed data;
  • Background Color - color of the background for displayed data;
  • Order's Comment - comment of the Expert Advisor's orders;
  • Magic Number - unique number of the Expert Advisor's orders (any number);

For any questions please send me a private message. I will be glad to help you.

Gold Alchemist
Nader Durrani 2019.07.18 10:46 

Well Played Sergey, well played.... ;)

iccapital 2019.05.15 18:02 

Top stuff Sergey

Richard Obi
Richard Obi 2019.05.05 22:52   

I bought this robot quite awhile ago almost a year or so but sincerely I haven't made any profit using it. More often than not I have lost more than I won. It baffles me reading all these glorified reviews and I ask myself what am I doing wrong. I use all the recommended parameters and I have downloaded and loaded all the optimized pairs but its been one losing trade to another. Could someone tell me what I am doing wrong. My broker is IG.COM, ECN acct on MT4 . I don't like one or two stars that's while I will leave it open until I understand if the fault is mine or the EA.

Waldekm 2019.04.02 08:19 

The first EA that doubled my deposit!

Mohammad Ferdous Bin Shahid
Mohammad Ferdous Bin Shahid 2019.03.25 16:44 

This EA is Good if you know how to use it.

gerrit2 2019.02.13 08:09 

Great developer and great EA! 5 stars.

An option to customize the # of levels the EA uses would make it even better.

Iyekeoretin Emmanuel
Iyekeoretin Emmanuel 2018.11.03 12:21 

Best EA for Ranging market. trending pairs should always be monitor closely and when strong S/R Levels are broken and price didn't return and you have you 5th order already opened look for a pull back and close or pray. luckily i haven't been in such situation and i have triple my account with initial deposit withdraw twice. Best pair still reminds EURGBP because it ranges 90% of the time. Only EA that has made me Money and still going. trading is risky anyway not safe place in trading except you want 1% monthly or better leave your money in the bank were its mostly safe. Best Good Grid EA I'm very happy to have.

Yongqiang Chao
Yongqiang Chao 2018.10.29 22:55 

Dangerous Martin.

Iwan Vos
Iwan Vos 2018.10.04 15:51 

This robot is phenomenal! It produces so much profit. I'm really thankful for your work.

Ofcourse there is risk involved. Be Patiance. When you reach 100% return just withdraw your investment and keep on doing this.

Volodymyr Dromov
Volodymyr Dromov 2018.09.18 10:16 

с января месяца + 280 % , не жадничайте и выводите прибыль

AmirDehghani 2018.07.25 13:46 

dangerous and worthless . temporarily profitable martingale ea . it will be drowned , like your .set in 2016 , 2015 and ... in eurgbp moves , and also your drowned 2018 eurusd and eurjpy signal ....

Matthew Todorovski
Matthew Todorovski 2018.06.17 11:59 

Martingale recovery technique: USE MINIMUM RISK!!!

Majtan Stanislav
Majtan Stanislav 2018.06.08 20:17 

Best EA. Very thank Sergey.

Mauro Giuseppe Tondo
Mauro Giuseppe Tondo 2018.06.05 20:34 

User didn't leave any comment to the rating

Richard Jehl
Richard Jehl 2018.02.24 21:16 

I ceased to use this EA when 70% DD was hit in 2018. If I had let the EA running the account would now be as in the EURGBP signal, but I could not stand the 70% DD. New set coming from MT5 testing is way better. Low risk setting should be used in any case. If not used, it is equivalent to pure gambling. DD control should also be activated.

BorisGoldfarb 2018.02.16 18:00 

Profitable EA and Sergey gives perfect support. Recommended!

Giulio Franceschini
Giulio Franceschini 2018.02.07 10:54 

Thanks Sergey

This EA has enormous potential, even the risk is not less, but if you are not greedy and you settle, you can bring everything to your advantage with an acceptable risk proportional to winnings.

Any UPDATE will be very welcome..

Priit Poltsama
Priit Poltsama 2018.02.03 08:03 

I have used EA for a few months. It earns money.

You need to use one currency pair for one account. Risk of being kept low.

Grace-FX 2018.01.26 23:08 

Silverline EA is good when used for EURGBP with the recommended setting. It tends to lose much money with USDJPY and GBPUSD on M5. I have used it for a month on real account for EURGBP and it made steady profits that is good enough to more than pay the purchase price of the EA. I also am running the EA on Demo for EURUSD with the recommended setting and so far, the results have been very good , but you are advised not to have more than a pair in one account for the EA.

Kudos to the developer.

Denis Al Khansa
Denis Al Khansa 2018.01.26 12:29 

I use silverline since the 16/01/18 only with EURGBP and a cent account with 1:500 leverage on wich i made a 500usd deposit. I regularly transfert a portion of my gains out of the trading account and i made 1800% in 10 days. Nonetheless, yesterday i changed the leverage to 1:200 and i did well because it was a hard day for EURGBP and if i had stay in 1:500 it would have blow my account away. As described,it is honestly a high risk high reward expert, and one must adapt his own portfolio management in order to not lose everything but save a part of the gains. For me, this is the first time an EA is really producing money...

cardy 2018.01.26 04:16 

EA has a great potential if manage carefully!

tony211071 2018.01.26 02:43 

It's great, but not for beginners. the martingale must be managed. It is not suitable for beginners.

great job Sergey, keep it up!

izaga3 2018.01.24 23:47 

Eventually the purpose of an ea is automated (handsfree trading) not everyone will be around all the time to monitor ea. This ea will eventually bring your account to zero. As it did mine. Save your money.

Maksim Uzakov
Maksim Uzakov 2018.01.22 20:28 


Bilgehan Bozkurt
Bilgehan Bozkurt 2018.01.17 16:03 

User didn't leave any comment to the rating

Marcello Lo Sauro
Marcello Lo Sauro 2018.01.15 17:43 

It's true that Silver Line is dangerous EA, but if you put inside 1000 usd for one or max two pairs and withdraw the gain often, it is a good EA. I have opened two real accounts with 1000$ for each one. I am very satisfied. Good job.

I make an update, today after 3 weeks I lost one account eurusd with 1.000$. I have another two accounts with eurgbp and gbpusd. I hope well!

29007298 2018.01.15 11:28 

Very bad EA, use for three days, in the losses of overweight, don't know why does not stop at breakthrough pressure of overweight and not vice versa, losses of 50% for three days, is really rare!

Dejan Kadunc
Dejan Kadunc 2018.01.15 06:10 

So far with mixed result. It is quite a dangerous ea because it is not using any stoploss.

At the moment i have few opened positions on eur usd with big loss.

Alsaedi Hjaj M
Alsaedi Hjaj M 2017.12.21 00:06 

What are the best settings ??

Chris Mechen
Chris Mechen 2017.12.07 06:21 

I have had running for a week now and have seen consistent profits from this EA. It is early days yet but I have no reason at all not to give this EA 5 stars. It is easy to set up, very fairly priced and support from Sergey is usually quite quick and very helpful. I have running as of this morning on all pairs (EURUSD/EURGBP/GBPUSD) and am very pleased with progress! I will update after Festive Holidays!

I feel I must update my review now, EA has doubled my money and still going.Sergey continues to be very friendly extremely helpful. If you like this style of EA, this is an absolute must for your collection, used correctly, is like having an ATM in your front room!

Thankyou Sergey I look forward to trying more of your work and further releases!

5 stars for each , EA and Author!

Paul Thatcher
Paul Thatcher 2017.12.02 17:30 

I have only been using Silver Line for a few weeks but it has made some very healthy profits in that time. I have been running it on my signal account Asea icmarkets which has made over 250% in November. Silver Line is a martingale type EA so it is high risk but high profits too. You need to make sure there is no big news around when trading particular pairs. The backtests for 2017 are impressive and real trading matches the backtests.

Fallet Willy
Fallet Willy 2017.11.14 09:37 

User didn't leave any comment to the rating

Version 1.31 2018.12.13
Added check of the maximum number of allowed orders on the account
Version 1.3 2018.12.09
Added time parameters.
Now you can specify the time range during the expert advisor can open the trades.
In this way, you can configure the EA to work at night time, when the market is less volatile.

New options:

Time applies to - the time parameter is applied only to the first order or to all orders [First order | All orders];
Open Time - time started trading in time of the terminal (broker);
Close Time - the end time of trading by the terminal (broker) time;

Time format - hours:minutes
Example - 22:00
Version 1.2 2018.02.26
Added the following features:

Spread Control. You can specify the maximum allowable spread for opening orders.
Drawdown control. You can specify the maximum allowable level of drawdown for closing all orders.
Added the ability to open the fifth order with a custom Stop Loss.
Added two trailing stop variants, with the ability to disable trailing stop for the first order.
Added the ability to completely disable the Take Profit settings for all orders. This allows using an external trailing stop.
Expended the information panel. The panel shows the profit for long and short positions separately, both in currency and in percent. This allows for quick decision making with manual closing of orders.
Added buttons to close the entire chain of orders in manual mode. Separately for long and short positions.
Version 1.1 2017.12.01
Changed work of the EA with USDJPY.
Fixed bug when working with a fixed lot.

Added a new parameter:
Force for Grid - when the Expert Advisor works in the grid construction mode, it opens a forced trade after a specified number of points from the previous trade.
If 0, a forced trade is not opened.