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Bober Real MT5 is a fully automatic expert advisor for MetaTrader 5 that uses an optional RSI entry, an ATR range filter, a news calendar filter and a daily trading window. It is aimed at calm, liquid forex sessions on M2 and M5.
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Bober Real MT5 is an automated expert advisor for MetaTrader 5 that opens and manages forex trades without manual input. It combines an optional RSI entry, an ATR range filter, a daily time window and a news calendar filter, and it is intended for calm, liquid market hours on short timeframes.
The EA scans the chart on the timeframe set in the indicator timeframe input. Entries can be driven by an RSI reading over a chosen number of bars, or the RSI tool can be turned off. Before a trade is opened, the ATR filter checks that current volatility sits between a lower and an upper limit, which keeps the EA out of very quiet or very fast conditions.
Each trade can carry a stop loss and take profit, either as real orders or as virtual levels held by the EA. The description of the product says it does not rely on martingale, hedging or averaging. You should still confirm the actual order behaviour in the Strategy Tester with your own settings.
An optional dynamic take-profit adjusts the target using recent channel highs and lows. You choose the lookback length and the speed at which the target adapts.
The suggested symbols are GBPUSD, EURGBP and EURUSD, run on M2 or M5. Other instruments can be loaded, but results depend heavily on the settings, so test them before trusting them with real funds.
The inputs are grouped as shown below. Default values are not listed here; check them in the EA input window and tune them in the tester.
| Group | Inputs | Purpose |
|---|---|---|
| Core | ToolEnter, ReverseTrade, MagicNumber, indicatorTF, type_order | Entry tool, direction, order ID, timeframe, filling mode |
| Volatility | ATRperiod1, ATRperiod2, ATR_from, ATR_to | ATR range needed for entries |
| Lots and exits | Inp_Lot, Risk/Lot, StopLoss, TakeProfit, VirtStopLoss, VirtTakeProfit | Position size and exit levels |
| Limits | Slippage, MaxSpread, Distance, MaxOrders, MaxOrders2 | Execution and order count control |
| Dynamic TP | UseDynamicTP, ChannelBars, DynTP_Speed | Adaptive take-profit |
| Time | Servertimefilter, AutoGMT, StartHour, StartMinute, StopHour, StopMinute | Daily trading window |
| Calendar | UseCalendar, NewsLogs, NewsDecisionOffsetHours, MinNewsImpact | News avoidance |
Use a demo account first, and size positions so that a losing run does not threaten your account. Incorrect settings can produce poor results both in the tester and live, so do not change inputs without testing them. Broker spreads, execution speed and symbol specifications also affect behaviour.
Trading carries risk, and you can lose some or all of your capital. Past results, including tester results, do not predict future ones.
For the news filter, make sure your terminal has access to the economic calendar. Run the EA on a VPS if you plan to leave it running around the clock.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automatic) |
| Trade style | Momentum, short-term, intraday |
| Suggested markets | GBPUSD, EURGBP, EURUSD; other symbols can be tested |
| Suggested timeframes | M2 and M5 |
| Entry tools | RSI (optional) with ATR range filter |
| Lot sizing | Fixed lot or percent risk |
| Requirements | Algo trading enabled; VPS recommended for continuous running |
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No. Bober Real MT5 is built for MetaTrader 5 only. It will not load on MT4, so check that your broker offers an MT5 account before buying.
The recommended pairs are GBPUSD, EURGBP and EURUSD, run on M2 or M5 charts. The EA can be attached to other symbols, but you should test those carefully in the Strategy Tester and on a demo account first.
A VPS is recommended because the EA is meant to run continuously on short timeframes. A stable connection and low latency help keep order execution consistent, but any computer that stays online with MT5 open can run it.
Settings are fully adjustable, and the author indicates that set files for live accounts are provided to customers on request. Check with the author about which set files suit your broker and account type, and test any set on demo before going live.
Copy the EA file into the MQL5/Experts folder via File, then Open Data Folder in MT5. Refresh the Navigator or restart the platform, drag the EA onto a chart, and allow algorithmic trading in the Common tab and in the toolbar.
The calendar filter uses the MT5 economic calendar and is switched on with the UseCalendar input. If you use the MQL5 calendar in tester runs, check that calendar data is available on your broker terminal.
Bober Real MT5
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