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Blazar MT5

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

    Features

    • 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

    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

    Recommendations

    • 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!


    Reviews 6
    cglt
    215
    cglt 2021.01.14 22:55 
     

    Very good EA, I have been using it continuously since 2020-07 and I have good and stable results so far with decent risk. Good job Vsevolod!

    Mr.isaac
    21
    Mr.isaac 2020.08.19 17:53 
     

    Good product, it's good a good ea

    Miguel Ferrer
    85
    Miguel Ferrer 2020.08.04 04:30 
     

    Sure, a profit of 6 to 10% per month without disheveled. Operations in the safest purchase and sale that I have ever seen, optimizable, and different risk modes with very good looks. I have other robots, with none I feel as safe as Blazar.

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    Filter:
    hk81
    159
    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.

    TomiFkg
    175
    TomiFkg 2019.12.20 17:19 
     

    Good purchase, this EA work well !

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

    CHE SEN CHAN
    369
    CHE SEN CHAN 2020.05.30 01:16 
     

    Good EA, and give good optimization settings

    Miguel Ferrer
    85
    Miguel Ferrer 2020.08.04 04:30 
     

    Sure, a profit of 6 to 10% per month without disheveled. Operations in the safest purchase and sale that I have ever seen, optimizable, and different risk modes with very good looks. I have other robots, with none I feel as safe as Blazar.

    Mr.isaac
    21
    Mr.isaac 2020.08.19 17:53 
     

    Good product, it's good a good ea

    cglt
    215
    cglt 2021.01.14 22:55 
     

    Very good EA, I have been using it continuously since 2020-07 and I have good and stable results so far with decent risk. Good job Vsevolod!

    Vsevolod Gorkovtsov
    7198
    Reply from developer Vsevolod Gorkovtsov 2021.01.15 09:25
    Thank you! Glad to hear it from a long-time buyer, it is satisfying to see real profit made on buyers' accounts. Write to me if you have any questions, I will always answer them
    Reply to review
    Version 2.55 2021.01.11
    - Updated built-in news database.
    - Fixed small bugs.
    Version 2.41 2020.08.14
    Bug-fix release
    Version 2.39 2020.07.26
    - Added new parameter: Margin%ForAutoLot - % of free margin that is used to open a trade.
    - Added new parameter: MarginSoftStop% - the EA will not open new trades if Margin level falls below the specified percentage.
    - Added new parameter: BreakEvenBars - the EA will move Take Profit to Breakeven when the specified number of bars expires.
    - Added new parameter: FixedTargetLevel - allows using fixed profit target in pips.
    - Added new parameter: CustomOptCriterion - allows you to select custom metrics for optimization.
    - Updated built-in news database.
    - Improved Info Panel.
    Version 2.28 2020.04.23
    - Added a new parameter - VolatilityFactor. It allows adjusting the frequency and quality of trade entries. The quality goes up as the frequency of trades declines.

    - Updated a built-in news database.
    - Improved Info Panel.
    - Fixed small bugs.
    Version 2.22 2020.04.01
    Bug-fix release
    Version 2.21 2020.03.26
    Bug-fix release
    Version 2.19 2020.02.26
    - Added a built-in news database. It includes about 5.000 high impact events (since 2010) for EUR, GBP, JPY, USD symbols and allows using the News filter to backtest strategies.
    Version 2.15 2020.02.23
    Optional update

    Added News Filter:

    - 'EnableNewsFilter' - enable/disable the news filter;
    - 'Currencies' - specify symbols to download news events (separated by a comma, for example, EUR,USD,GBP). If empty, the EA will use the current symbols.
    - 'PauseBeforeNews' - number of minutes before a news release, when trading will be disabled.
    - 'PauseAfterNews' - number of minutes, after a news release, when trading will be enabled.
    *The news filter will disallow opening new trades only during high impact news events like NFP and FOMC.
    **Remember to allow requests to 'http://ec.forexprostools.com' (Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL).

    Added new features:

    - 'HourToStopOnFriday' - allows you to specify an hour to stop trading and close all open positions on Friday evening.
    - 'MaximumLossInMoney' - if the floating loss (in money) exceeds this level, the EA will close all its open positions.

    - Improved Info Panel.
    - Fixed minor bugs.
    Version 1.46 2020.02.05
    - TP/SL order placement bug fixed
    Version 1.45 2020.02.03
    Optional update

    - Added new parameter: PauseBetweenAdditionalTrades - trading pause that is initialized after closing/opening a trade if 'AllowOpeningAdditionalTrades' is enabled
    - Added new parameter: MinDistanceForAdditionalTrades - minimum distance in pips from the first/last trade before to open a new additional trade.
    - Added new parameter: HideInfoPanel - option to hide the info panel to save VPS resources and space on screen.

    - Fixed bugs.
    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:

    EURUSD_NormalMode_TS_100PSL_M5.set
    GBPUSD_NormalMode_TS_100PSL_M5.set
    USDJPY_NormalMode_TS_100PSL_M5.set

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