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Live Forex Trading EA is an MT5 expert advisor that trades Forex symbols automatically using a support and resistance approach. It offers risk-based position sizing, Stop Loss and Take Profit handling, optional break-even and equity protection.
Get one message the moment it launches, with its price.
Live Forex Trading EA is an automated trading robot for MetaTrader 5. It is tagged with a support and resistance strategy and manages its own entries, exits and position sizing according to inputs you set.
The EA reads price action on the chart and looks for reactions around areas where the market has previously paused or reversed, which is the basic idea behind support and resistance trading. When its internal conditions are met, it opens a trade and manages it with a Stop Loss and Take Profit. The exact rules for detecting levels and filtering entries are built into the program, so read the product page and run it in the Strategy Tester to see how it behaves on your own symbols.
The EA is designed for Forex and can handle several symbols. Timeframe recommendations are not given here, so check the product page and test different chart periods before deciding. Spreads, commissions, and symbol suffixes vary by broker and can affect a strategy that depends on precise price levels.
All trading and risk parameters are available as inputs. The table below describes the groups of settings you should review. Exact names and defaults can differ, so check the inputs tab in your terminal.
| Setting group | What to check |
|---|---|
| Risk per trade | Percentage or lot size appropriate to your balance |
| Stop Loss and Take Profit | Distances that suit the symbol and its typical spread |
| Break-even | Whether to enable it and when it should trigger |
| Equity protection | The loss limit at which trading should pause or stop |
| Symbols | Which pairs to trade and how your broker names them |
Trading Forex and CFDs carries significant risk and may not suit every investor. Losses can exceed deposits in some market conditions. Past results do not predict future ones, and both winning and losing trades are normal. Test on a demo account first and only trade money you can afford to lose.
Run the EA on a demo account for a reasonable period with your broker's conditions. Confirm that the risk settings behave as you expect, that orders are accepted, and that you are comfortable with the drawdowns you see. If you plan to use it continuously, consider a VPS with a stable connection. Support is offered by the author through MQL5 comments and messaging.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy | Support and resistance |
| Markets | Forex symbols; multi-symbol operation (check your broker's symbol list) |
| Timeframes | Check the settings on your chosen chart before going live |
| Risk controls | Risk per trade, Stop Loss, Take Profit, break-even, equity protection |
| Requirements | MT5 terminal with algo trading enabled; VPS recommended for continuous use |
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No. It is built for MetaTrader 5 and will not load in MetaTrader 4. You need an MT5 terminal and an account that allows automated trading.
Open MT5, choose File and then Open Data Folder, and copy the EA file into MQL5/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and enable algo trading in the toolbar and in the EA's properties.
Any MT5 broker that permits expert advisors may work, but symbol names, spreads, execution speed and stop levels differ between brokers. Test on a demo account with your broker before using real funds. Check the product page for any stated account requirements.
Yes. Risk per trade, Take Profit and Stop Loss handling, break-even and equity protection are adjustable through the inputs. Start with conservative values and confirm they suit your account size and tolerance for loss.
The author has said a trial may be available on request through MQL5 messaging. Availability is decided by the author, so ask them directly if you want to evaluate it first.
It is not mandatory, but an EA only trades while the terminal is running and connected. A VPS keeps the terminal online without relying on a home computer or connection.
Live Forex Trading EA
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