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Lazy Trader is an MT5 expert advisor that compares three pairs of related forex symbols against a moving average and trades them as a basket. Open positions are closed together when an equity take profit is reached.
Get one message the moment it launches, with its price.
Lazy Trader is an expert advisor for MetaTrader 5 that watches six related forex symbols and trades them as a group. It looks for moments when two paired symbols sit on opposite sides of a moving average, and it manages the resulting positions as one basket.
The EA works with three sets of two symbols. With the default list of AUDJPY, NZDJPY, AUDUSD, NZDUSD, AUDCAD and NZDCAD, the sets are:
For each set, the EA checks the position of both symbols relative to a moving average. When one is on one side and its partner is on the other, it opens trades. Depending on how the market moves, it can hold positions in both directions at the same time. It keeps going until the account reaches the equity take profit level, then closes every open position.
Because the EA can add positions while a basket is still open, the number of trades can grow during unfavourable conditions. That is the main thing to understand before you run it on a live account.
The default setup is built around AUD and NZD pairs, which tend to move in a similar way. You can change the symbol list, but the idea only makes sense if the two symbols in each set are meaningfully related. The timeframe and moving average period are set in the inputs, so check the defaults and test them on your own broker's data before going live.
The exact input names and default values depend on the build you receive, so read the inputs tab after attaching the EA. The areas below are the ones to review first.
| Area | What to check |
|---|---|
| Symbol list | Six symbols as three pairs, with any broker prefix or suffix added |
| Moving average | Period and method used to decide which side each symbol is on |
| Lot size | Keep it low, as many positions may be open at once |
| Equity take profit | The level at which all positions are closed together |
| Position limits | Options that cap open trades and help control drawdown |
A basket approach that adds positions can produce deep drawdowns when markets trend against it for a long time. Use the position limits, size trades conservatively and watch the account, with the option to close some positions by hand if a set is not working.
Trading carries risk and you can lose money. Past results do not predict future ones. Test on a demo account first and only trade with funds you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Markets | Forex; default list uses AUD and NZD pairs against JPY, USD and CAD |
| Symbols needed | Six, set up as three pairs |
| Trade style | Correlation basket that can open both buy and sell positions |
| Exit method | Equity take profit closes all open positions |
| Requirements | Algo trading enabled; all six symbols available in Market Watch |
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No. This version is built for MetaTrader 5 only and will not run on MetaTrader 4. Make sure you are using an MT5 terminal before you install it.
Copy the expert advisor into the Experts folder through File, Open Data Folder, MQL5, Experts, then restart the terminal or refresh the Navigator. Make sure all six symbols are in Market Watch, attach the EA to a chart and switch on Algo Trading.
It needs a broker that offers all six symbols in your list. If your broker adds a suffix or prefix to symbol names, update the symbol list in the inputs to match. Check how your account type handles multiple positions and what the spreads and swaps are on these pairs.
Yes, the symbol list is an input. The logic expects three sets of two symbols that are related to each other, and the defaults use AUD and NZD crosses. Test any change on a demo account first.
The EA can open many positions at once, so keep the lot size small relative to your balance. Test on a demo account and use the settings that limit open positions. Trading carries risk and past results do not predict future ones.
The EA places trades for you, but you still need to understand risk, margin and position sizing. You should also be able to monitor the account and decide when to step in.
Lazy Trader
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