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Fortune EA MT5 is an expert advisor that follows the trend using price action from several timeframes and opens frequent short-term scalping orders. It has optional memory, news, hedge and martingale modes plus spread and equity limits.
Get one message the moment it launches, with its price.
Fortune EA MT5 is an expert advisor for MetaTrader 5 that tries to follow the prevailing trend while opening frequent, short-term scalping orders. It reads price action from several timeframes at once and uses that picture to decide when to enter and how to manage open positions.
The EA looks at price behaviour across all timeframes at the same time, not only the chart it is attached to. The aim is to keep entries aligned with the larger move while still taking small, frequent trades inside it. Several standard indicators feed the logic, including MACD, RSI, Stochastic and CCI, and their periods are exposed as inputs.
Trades can be managed and closed in several ways. The EA can draw a breakeven line and closed-profit labels on the chart, and it can show a movable information panel or a simple chart comment.
The developer suggests EUR, GBP, AUD, NZD and USD pairs on the H1 chart. The number of orders depends on the timeframe: smaller timeframes produce more orders. The developer also recommends a cent account with at least 300 USD. Treat these as starting points and confirm them with your own testing, since spreads, swaps and execution differ between brokers.
The EA has a long list of inputs. The ones below deserve attention first. Check the input tab in the terminal for the exact names, defaults and allowed ranges, as they are not repeated here.
| Input group | Purpose |
|---|---|
| Magic Number | Identifies the EA's trades; use a different value for each chart if you run the same pair twice |
| Memory_Mode | Chooses whether the EA ignores, learns from or recalls its memory file |
| Max Spread / Max Slippage | Blocks entries when spread is too wide or slippage is too high |
| Max Lot Size, Max Buy/Sell Trades | Caps position size and the number of open trades per direction |
| Allow Hedge Trades / Hedge Close Percent | Controls opposite-direction trades and how they are closed |
| Equity and free margin limits | Closes trades or pauses new ones based on a percentage of account balance |
| Limit Trade Hours, weekday switches | Restricts trading to chosen hours and days, with weekend and Monday-open options |
| Auto Money Management / Auto Risk Percent | Adjusts the base lot size to the account balance |
Scalping with frequent orders increases the effect of spread and commission. Martingale and hedge options can enlarge exposure during adverse moves. Use the equity limits and the maximum lot size, and run the EA on a demo account before using real funds.
Trading carries risk, and past results, including any optimiser or backtest output, do not predict future ones. Only trade with money you can afford to lose.
The developer does not supply set files, so plan time in the Strategy Tester optimiser to build and check your own settings, and to generate a memory file if you want to use the learning modes.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Scalping, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Trend following with frequent scalping orders |
| Suggested markets | EUR, GBP, AUD, NZD and USD currency pairs |
| Suggested timeframe | H1 (smaller timeframes open more orders) |
| Suggested account | Cent account; developer suggests at least 300 USD |
| Optional modules | Memory, news filter, hedge, martingale, drawdown reduction |
| Requirements | Algo trading enabled; optimiser use recommended |
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No. This product is built for MetaTrader 5 and will not run on MT4. Check that your broker offers an MT5 account before buying.
The developer states that he does not provide set files. You are expected to build your own using the Strategy Tester optimiser, or look for shared settings in the developer's community group. Test any settings on a demo account first.
The developer suggests EUR, GBP, AUD, NZD and USD pairs on the H1 chart. Lower timeframes make the EA open more orders, which also raises exposure and costs such as spread. Confirm what suits your broker through testing.
Both are optional and are controlled through the inputs. You can leave them off. If you switch them on, position sizes and open exposure can grow quickly, so set lot and equity limits first.
Copy the EA file into the MQL5/Experts folder via File > Open Data Folder in MetaTrader 5, restart the terminal or refresh the Navigator, then drag it onto a chart. Make sure Algo Trading is switched on and that the EA is allowed to trade in its properties.
Re-download the product from your account on the store when a new build is available, then replace the old file in the Experts folder. Keep a copy of your saved settings before replacing it.
Fortune EA MT5
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