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Black Wolf is a trend-following expert advisor for MetaTrader 5. It opens buy or sell cycles in the direction of a built-in trend indicator and offers settings for lot sizing, spread, trading hours, trailing stops and multiple positions.
Get one message the moment it launches, with its price.
Black Wolf is an expert advisor for MetaTrader 5 that follows the trend. It reads a built-in trend indicator, starts a buy or sell cycle in the direction the indicator points, and manages that cycle with the stop, trailing and position settings described below.
The EA does not need extra indicators on the chart. Its own trend filter decides whether the bias is up or down. When a signal appears inside the allowed time window and the spread is acceptable, it opens a position in that direction. Depending on your inputs, it can stay with a single trade or add more positions as price moves against the first one.
The developer suggests the M15 timeframe and the pairs EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD and CADJPY. These are starting points, not a promise of how the EA will behave on your account. Spreads, swaps and execution differ between brokers, so run your own tests before going live.
The default settings are the suggested starting point. The main inputs are listed here.
| Input | Purpose |
|---|---|
| Lot type | Constant lot, risk-based, or constant size per 1000 of balance |
| Lot size | Size used by the chosen lot type |
| Trade Buy / Trade Sell | Allow or block each direction |
| Max spread | Highest spread at which trades are opened or closed |
| Close from opposite | Close positions when a new opposite signal comes |
| Stop Loss / Take Profit | Exit levels in pips |
| Trailing Stop / Trailing Step | Trailing distance and step in pips |
| Max positions | Maximum positions per direction |
| Distance | Gap between positions |
| Lot multiplier | Lot factor for following orders |
| Close partial after order # | Order number at which drawdown reduction starts |
| Percentage to close | Minimum profit as a percentage of balance for the partial close |
| Start hour / End hour | Time window for looking for signals |
Exact default values can differ between builds, so read the inputs window after loading the EA instead of relying on this page.
Using several positions per direction with a lot multiplier can increase exposure quickly if the market moves against a cycle. Keep the maximum positions, multiplier and lot size modest until you understand how they behave on your broker's data.
Trading carries risk and past results do not predict future ones. Test on a demo account first and never trade money you cannot afford to lose.
For continuous operation, many traders use a VPS so the terminal stays online and connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Trend following with optional multi-position cycles |
| Suggested pairs | EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD, CADJPY |
| Suggested timeframe | M15 |
| Suggested deposit | Around 1000 USD or 1000 cents; confirm with your broker |
| Settings | Default settings suggested as a starting point |
| Requirements | Algo trading enabled, stable connection or VPS |
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This listing is for MetaTrader 5. The EA is built for the MT5 platform and will not load in MT4. If you trade on MT4, check that you are buying a build made for that platform.
Extract the download, copy the EA file into the MQL5/Experts folder via File > Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag the EA onto an M15 chart and enable Algo Trading.
The developer suggests EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD and CADJPY on the M15 timeframe with default settings. Test any other symbol in the Strategy Tester first, using data from your own broker.
The developer mentions a deposit of about 1000 USD or 1000 cents as a guide. Required margin depends on lot size, leverage and how many positions you allow, so check these settings against your balance before trading live.
It has stop loss, take profit and trailing stop inputs in pips. Check what values are set before running it, because the multi-position and lot multiplier options can raise exposure when a trend reverses.
No. Trading carries risk and past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
Black Wolf MT5
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