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Bazooka EA is an MT5 expert advisor that opens trades when a moving average trend and an RSI momentum filter agree. It offers fixed stops, several exit rules and a floating loss limit, and is aimed at gold, forex and indices on short timeframes.
Get one message the moment it launches, with its price.
Bazooka EA is a fully automated expert advisor for MetaTrader 5. It trades in the direction of the prevailing trend and only enters when a momentum filter supports the move, with the aim of avoiding choppy, low-quality conditions.
The EA reads trend direction from moving average logic and checks momentum with an RSI filter. A trade is placed only when both conditions agree and the order passes the EA's own validation checks. This keeps trade frequency moderate compared with systems that react to every small price swing.
The author suggests short timeframes such as M1, M5 and M15 and mentions gold, forex majors and indices. Gold is the main focus of the strategy tags. Because shorter timeframes are sensitive to spread and execution speed, a low spread or ECN account is preferable, and a hedging account type is recommended.
All key parameters are exposed as inputs, so you can adapt the EA to different symbols and timeframes. I do not list exact default values here, because they can change between releases and the author publishes updated set files. Check the current inputs in the terminal and the author's page.
| Input group | What it controls |
|---|---|
| Lot size | Position size for each trade |
| Stop loss and take profit | Fixed exit distances |
| Exit rules | Close on opposite signal or trend change |
| Maximum trades | Cap on simultaneous positions |
| Maximum floating loss | Protection limit for open losses |
| Magic number | Separates its trades from other EAs |
The author states that the EA avoids martingale, hedging and averaging recovery methods. The listing is also tagged with grid, so confirm the behaviour yourself in the Strategy Tester and on a demo account, paying attention to the number of open positions and the worst floating drawdown. Size your lots so that a losing run would be tolerable for your account.
Trading carries risk, and you can lose some or all of your capital. Strategy Tester results and past performance do not predict future results. Test on a demo account before using real funds.
Before going live, run an optimisation and a forward test in the Strategy Tester using realistic spreads and your own broker's data.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account recommended) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Strategy | Trend following with momentum confirmation |
| Indicators used | Moving average trend logic and RSI filter |
| Markets | Gold (XAUUSD), forex majors, indices |
| Timeframes | M1, M5 and M15 suggested |
| Broker type | Low spread or ECN account preferred |
| Risk controls | Lot size, max trades, max floating loss, magic number |
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No. Bazooka EA is built for MetaTrader 5 and will not load on MT4. You need an MT5 terminal to use it.
The author recommends a hedging MT5 account with a low spread or ECN broker. Check your account type and the typical gold spread with your broker before running it live.
The logic is described as trend and momentum entries with fixed stops, not martingale or averaging. The listing carries a grid tag, so run it in the Strategy Tester and on a demo account and watch how many positions it opens before you trade real money.
Copy the EA file into the Experts folder via File, Open Data Folder, MQL5, Experts in MT5. Restart the terminal or refresh the Navigator, attach the EA to a chart and enable Algo Trading.
Exact values depend on the symbol, broker and risk tolerance. Check the author's page for current set files, then test them on a demo account and in the Strategy Tester.
Yes. Give each EA its own magic number so Bazooka EA only manages its own trades.
Bazooka EA MT5
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