Available soon
Loading product…
Long Term is an MT5 expert advisor for forex that looks for overbought and oversold zones with several indicators and places a fixed stop loss on each trade. It is designed for the M15 chart and trades infrequently.
Get one message the moment it launches, with its price.
Long Term is an expert advisor for MetaTrader 5 that trades forex automatically. It looks for stretched price areas, meaning overbought and oversold zones, and opens positions with a fixed stop loss attached to every trade.
The EA reads several technical indicators to mark zones where price may be overextended. It then checks the prevailing trend and current market conditions before opening a trade, so that not every zone becomes an entry. The tool can use more than one entry point, which means it may react at different stages of a move.
Once a position is open, the EA can manage it actively. If the signal changes, it may close part of the position, or exit near break-even, before the stop loss is hit. This is meant to limit some losses, but it does not remove them, and some trades will still close at the full stop.
The EA is not a high-frequency system. It waits for its conditions to line up, so there can be long gaps with no trades on a single pair. Running it on several symbols raises the number of signals, but it also raises total exposure.
Check the input list in your copy, since names and defaults can change between releases. The main groups are:
| Input | Purpose |
|---|---|
| FixedLot | Trade with one fixed lot size. Setting it to 0 turns it off. |
| Auto_Lot | Scales the lot with account funds. A higher multiplier means larger positions. |
| Rec_Deposit | Recovery mode that increases the next lot after a stopped-out trade. This raises risk. |
| MaxSpread | Largest spread at which new orders may open. |
| Slippage | Allowed price deviation when orders are sent. |
If you see no trades in the tester, look at MaxSpread first. The default is tight, and a broker with wider spreads will block entries.
A fixed stop loss defines the loss on each trade, but it does not make the account safe. Slippage, gaps and wide spreads can still change the result. Treat the recovery lot mode with particular care, because larger lots after a loss can deepen a drawdown quickly. Start on a demo account or with the smallest lot, and size positions so that a run of losses is tolerable.
Trading carries risk, and you can lose some or all of your capital. Past results and backtests do not predict future ones.
For continuous operation, many users run the terminal on a VPS. Test the settings in the Strategy Tester using your own broker's data and spreads before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Strategy | Overbought/oversold entries filtered by trend |
| Markets | Major forex pairs such as EURUSD, GBPUSD, USDJPY |
| Timeframe | M15 recommended |
| Risk controls | Fixed stop loss, FixedLot, Auto_Lot, MaxSpread, Slippage |
| Account type | Low-spread ECN-style account suggested |
| Requirements | MT5 terminal with algo trading enabled; VPS optional |
No reviews yet. Customers who own EA Long Term MT5 can review it here.
No. This listing is the MT5 build and will not load in MT4. The author also publishes a separate MT4 edition, so check the store for that platform if you need it.
The most common cause is the MaxSpread input. If your broker's spread on the tested symbol is wider than the allowed value, new orders are skipped. Check the spread in the tester and raise MaxSpread to a level you are comfortable with, or use a broker with tighter spreads.
The recommended chart is M15, with major pairs such as EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD and EURGBP. Other symbols may need their own optimisation, so test them before running them on a live account.
The tool is described as trading with a fixed stop loss and no grid or averaging. However, the optional Rec_Deposit setting enlarges the next lot after a stopped-out trade, which raises risk. Leave it off unless you fully understand the effect on your drawdown.
Copy the expert file into the Experts folder via File, Open Data Folder, MQL5, Experts in MT5. Refresh the Navigator or restart the terminal, drag the EA onto an M15 chart and enable algo trading.
The minimum depends on your broker, contract size and the lot mode you choose. Test with your own broker's conditions first, and use a lot size that keeps each stop loss a small part of your balance.
EA Long Term MT5
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT5 tools with a similar focus.
Own EA Long Term MT5? Sign in to review it.