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EA Morpheus is an MT5 expert advisor that opens trades when price breaks out of a defined range on major forex pairs. It uses a spread filter, trailing stops and session timing, and it needs a hedging account.
Get one message the moment it launches, with its price.
EA Morpheus is an expert advisor for MetaTrader 5 that trades breakouts. It watches for price leaving a recent range and opens a market position in the direction of the move, then manages that position with a short stop loss and a trailing stop that adapts to market conditions.
The advisor looks for moments when price crosses the edge of a price range and applies a filter intended to discard weaker breakouts. Entries are placed at market. Each trade carries a stop loss and optionally a take profit, both set in points. Once a trade is in profit, the breakeven function can move the stop to the entry level, and the trailing stop can follow price in steps.
The adaptive trailing option changes how sensitive the trailing stop is, based on slippage and on a time scale you choose. A slippage protection option can also close a position when execution differs from the requested price.
The expert measures average spread over a number of ticks. If the spread is above your limit, pending orders can be removed and trading can be switched off for a period between five minutes and 24 hours. This matters for short-term systems, where wide spreads change the trade economics.
The author lists EURUSD, USDJPY and GBPUSD on the M30 and H1 charts. EURUSD and USDJPY on H1 or M30 are the preferred choices. Test any other symbol or timeframe on a demo account before using it live.
The main inputs are below. Default values are not listed here, so check them in the input window after attaching the expert.
| Input | Purpose |
|---|---|
| Magic and Order Comment | Identify the expert's trades |
| Slippage and Max Spread | Limit execution and spread conditions |
| Fixed_Lot, Use_Risk_MM, Percentage_Risk | Choose a fixed lot or balance-based sizing |
| Take_Profit and Stop_Loss | Exit levels in points |
| Breakeven and Trailing inputs | Protect open profit |
| Adaptive trailing inputs | Tune trailing sensitivity and time scale |
| Time inputs and GMT_mode | Daily window, Friday cut-off, server offset |
Trading carries risk, and past results do not predict future ones. A short stop loss limits the loss on a single trade but does not remove the chance of losing money, particularly through slippage or wide spreads. Test on a demo account and use position sizes you can afford.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging accounts only) |
| Strategy focus | Scalping, Signals, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Breakout, short-term scalping |
| Pairs named by the author | EURUSD, USDJPY, GBPUSD |
| Timeframes | M30 and H1 |
| Preferred setups | EURUSD and USDJPY on H1 or M30 |
| Money management | Fixed lot or percentage-based lot sizing |
| Recommended conditions | Low spread broker, VPS, leverage of 1:100 or more |
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No. It is intended for hedging accounts only. Before buying, check in your MT5 account details that the margin mode is hedging. If your broker offers only netting, this expert advisor is not a suitable choice.
The author names EURUSD, USDJPY and GBPUSD on M30 and H1. EURUSD and USDJPY on H1 or M30 are the preferred setups. Attach one chart per pair and timeframe you want to run, and give each instance its own magic number.
Some trades may be held for under a minute, so ask your broker whether scalping-style trading is permitted. Low spreads and good execution also matter, because the spread filter can pause trading when costs are high.
A VPS is recommended, ideally with low latency to your broker, so that the terminal stays online and processes every tick. A desktop PC that is heavily loaded with other programs may miss ticks.
Yes, but the author recommends one advisor per account. If you do run several, set a different magic number in each so that they do not manage each other's trades.
This page does not list set-file values. Review each input yourself, test on a demo account first, and ask the seller if a preset is included with your download.
EA Morpheus MT5
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