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Legend Comeback is an MT5 expert advisor that scalps on bar-size signals and uses averaging orders with a recovery routine. It includes three strategy modes and an on-chart panel for managing orders.
Get one message the moment it launches, with its price.
Legend Comeback is an expert advisor for MetaTrader 5 that opens short-term trades based on the size of recent price bars and manages losing positions with averaging orders and a recovery routine. It comes with an on-chart panel for order management.
The advisor measures the height of recent bars over a lookback period and compares it with a minimum threshold. When the market moves enough to meet the filter, it can open a position. The take-profit is then set as a share of the bar size, so targets scale with current volatility rather than staying at a fixed number of points.
If price moves against an open position, the system can add further orders at a set distance. This is grid-style averaging, and the recovery routine works with those orders to close the basket. The approach can produce frequent small exits, but it also means exposure grows as a trend continues against you.
Test each mode on your own broker's data before choosing one, as behaviour depends heavily on spread and volatility.
The reference setup is EURUSD on the M5 chart. The inputs can be optimised for other currency pairs and timeframes, though each needs its own testing. Spread, commission and execution speed matter for any scalping system, so an account with tight spreads is preferable.
| Input | Purpose |
|---|---|
| MinBar | Minimum bar height needed to enter the market |
| BarPeriod | Number of bars analysed |
| BarCoefficient | Bar increase ratio relative to the current period |
| TakeProfitPercent | Share of the bar used to calculate take-profit |
| ModeLot | Selects how the lot size is calculated |
| Lot | Value used by the chosen lot mode |
| Distance | Spacing of averaging orders |
| Magic | Magic number identifying the advisor's orders |
| ShowPanel | Shows or hides the interactive panel |
| Scalepercent | Scales the panel size |
Default values and units can differ by symbol and broker, so check them in the inputs dialog rather than assuming. Lot size is the main control over how aggressive the system is.
Averaging and recovery methods can hold several positions at once, and a long move against them can cause deep drawdown or a margin call. Use a small lot relative to your balance, watch margin level, and consider a protective limit on total exposure. Start on a demo account.
Trading carries risk, and past or tested results do not predict future ones. Only trade with money you can afford to lose.
For continuous operation, a VPS with a stable connection is commonly used. Confirm your broker permits scalping and averaging before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated with a manual order panel |
| Trade style | Scalping with grid-style averaging and recovery |
| Reference market | EURUSD on M5; other pairs and timeframes can be optimised |
| Strategy modes | Conservative, Reverse, Aggressive |
| Lot control | ModeLot selects how the Lot input is used |
| Account type | Cent or standard accounts; check your broker's minimum lot |
| Requirements | Algo trading enabled, stable connection, ideally a VPS |
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This listing is for the MetaTrader 5 build only. Expert advisors are compiled for one platform, so it will not load in MT4. If you trade on MT4, look for a separate MT4 listing and do not assume the two behave identically.
In MT5 choose File, then Open Data Folder, and copy the expert file into MQL5/Experts. Restart the terminal or refresh the Navigator, drag the advisor onto a chart, and enable algo trading. Then load any settings preset that came with the download, or enter your own inputs.
The reference setup is EURUSD on M5. The inputs can be optimised for other symbols and timeframes, but you should run your own tests on your broker's data and spreads before relying on any new combination.
A small or cent account can be used for testing, as the lot input controls position size. Because the system averages into losing positions, a small balance can run out of margin quickly. Check your broker's minimum lot, leverage and stop-out level first.
The interactive panel lets you view and manage the orders the advisor opens. ShowPanel turns it on or off, and Scalepercent resizes it so it fits your screen.
No. Trading carries risk, and past or tested results do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
Legend Comeback
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