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Blazar MT5

Unfortunately, I had to remove monthly renting option to fight off 1* reviews paid by my competitors. Sorry for any inconvenience, but I don't see any other way

Blazar is a fully automated trading system on the most popular major currency pairs: EURUSD, GBPUSD, USDJPY M5. It's pure Price Action mean reversal system that exploits peakedness of market distribution to safely identify trend reversals

Every trade is protected by Stop-Loss

The EA can work in 2 modes:

  • Normal Mode - trading classics: 1 signal = 1 trade. No martingale, grid or hedging is used
  • Recovery Mode - the EA will recover faster during drawdowns using several averaging trades, which gives more comfortable growth curve


    • Stable growth curve as a result of a high percentage of winning trades
    • Stress-tested on all available history, six-month live signal
    • Automatic GMT adjustment
    • The minimum deposit: $50 for Normal Mode and $300 for Recovery Mode
    • Easy setup and use

    Timeframe: M5
    Currency pairs: EURUSD (default settings), GBPUSD, USDJPY
    The EA requires a good broker account with hedging

    Set-files can be found here: https://www.mql5.com/en/market/product/37795

    Live signals:

    Input Parameters

    • StartLotSize - proportional lot size if EnableAutoLot is set to true and fixed lot size in case EnableAutoLot is set to false
    • EnableAutoLot - trading lot will increase with an increase in your account's balance
    • FundsForAutoLot - here you can set the amount of balance to be used for every StartLotSize if EnableAutoLot is set to true. E.g. FundsForAutoLot=1000 and StartLotSize=0.05 means that for every $1000 there will be 0.05 lots opened (0.5 for $10000 and so on)
    • MaxLotSize - set the max. allowed lot size if you don't want the lot size ever to exceed this value
    • SpreadFilterPips - if the spread is bigger than the value specified here, the trade won't be opened
    • MaxSlippagePips - works only for Instant live accounts (not ECN). Set here what maximum slippage you can take on your Instant account
    • GMT/DST_Offset_Auto - if true, the EA will try to find the correct GMT offset of your broker automatically. You must allow requests to https://www.worldtimeserver.com (Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL).
    • GMT_Offset(winter)_Manual - set your broker's time zone (in winter)
    • DaylightSavingTime_Manual - if your broker uses daylight saving time, set this to Europe or US and EA will automatically adjust itself
    • HourToStart - hour of the day at which Blazar will start to look for trading opportunities
    • HourToStop - hour at which Blazar will stop to look for trading opportunities
    • DaysOfWeek - day of the week at which Blazar will be allowed to trade. E.g. 234 means 2nd, 3rd and 4th days of the week
    • DisableHolidays - not to trade during New Year holidays
    • PriceChannelPeriod - period of the channel used to analyse the market
    • EnableTrendFilter - set to true if you want to avoid risky trades during periods of trending markets
    • TrendFilterPeriod - period of the trend filter used by Blazar
    • EnableVolatilityFilter - set to true if you want to avoid risky trades during periods of high volatility
    • OrderTakeProfitPips - the size of Take Profit in pips (1 pip = 10 points)
    • OrderStopLossPips - the size of Stop Loss in pips (1 pip = 10 points)
    • EnableTradeDuration - set to true if you want to limit position holding time
    • TradeDuration - set the maximum position holding time, in bars
    • AvgMaxTrades - maximum  number of averaging trades
    • AvgMultiplier - averaging coefficient
    • AvgStepPips - step in pips between averaging trades
    • AvgCustomSettings - custom averaging coefficients, separated by commas
    • BasicMagicNumber - add Magic number to trace trades you made with this EA. It must be less than 99999
    • TradeComment - add any comments to your trades


    • It is recommended to use default values for all parameters (except GMT offset if your broker uses different time zone). Test any changes thoroughly before running EA on a live account.

    Try the demo now!

    TomiFkg 2019.12.20 17:19 

    Good purchase, this EA work well !

    edit1(20/1/9): success rate 100% with normal mode, lovely

    hk81 2019.12.07 05:15 

    Already purchased and use on mt4. But I support the author in Mt5 also.

    Love the EA in Mt4. It's a good one. Keep improving the EA.

    Version 1.39 2020.01.08
    Mandatory update!

    - Fixed issues with duplicate orders/positions.
    Version 1.37 2020.01.06
    - Added a new parameter - ShutDown. Set it to true if you don’t want to trade after the current position/basket is closed. It can be turned on or off at any time.
    - Improved Info Panel.
    - Fixed small bugs.
    Version 1.35 2019.12.17
    Optional update

    - Added new parameters:
    - 'BreakEvenPips' - profit in pips at which the EA automatically moves stop-loss to break even.
    - 'EquitySoftStop%' - the EA will not open the initial orders (the first orders that define a new grid) if account equity falls below the specified percentage of the account balance. An example with EquitySoftStop%=75 and account balance of $100: if the account equity falls below $75 (=75% of the balance), the EA will not open new initial orders, but will continue to manage already open grids (in recovery mode).

    - Renamed: EquityStopLoss% -> EquityHardStop%
    - 'EquityHardStop%' - the EA will not open any new order and will close all open positions if account equity falls below the specified percentage of the account balance. An example with EquitySoftStop%=25 and account balance of $100: if the account equity falls below $25 (=25% of the balance), the EA will close all open positions and will not open any new order.
    Version 1.34 2019.12.07
    Recommended update

    - Added new parameters:

    PanelWidth - allows you to change the Info panel width. This option may solve problems with the incorrect font size.

    IncrementAdditionalTradeSize - lot size increment for additional trades. Use this option for compatibility with FIFO rules. It allows positions to have a unique lot size.

    - Added a minimum pause of 6 bars between additional trades.

    - Added new set-files in Normal mode with trailing and stop-loss of 100 pips:


    - Added backtests with 99.9% modeling quality and variable spreads.