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MEF Algosoftbot is an MT5 expert advisor that manages single orders using virtual take profit, stop loss and trailing levels. It offers automatic or fixed lot sizing and can be set up for forex pairs or synthetic indices.
Get one message the moment it launches, with its price.
MEF Algosoftbot is an expert advisor for MetaTrader 5 that handles trades one order at a time. Its take profit, stop loss and trailing levels are kept virtual, meaning they are managed by the EA rather than placed as visible orders on the server.
The EA opens individual positions and manages their exits internally through hidden TP, hidden SL and an optional virtual trailing function. The publisher states that it does not use hedging, averaging or martingale. The store lists it under a grid tag, so do not assume its behaviour from the label alone: run it in the Strategy Tester and on a demo account and watch how it opens and closes positions on your symbols.
Because the exit levels are virtual, the EA must be running and connected for them to work. If the terminal is closed, loses connection or the VPS stops, those levels will not be acted on until it is running again.
The EA can be attached to forex pairs and to synthetic index symbols. A digit option tells it which price format to expect. It can run on any timeframe, and the publisher suggests H4 as the preferred choice. Check your broker's symbol names, spreads and trading hours before you begin.
The inputs below are the ones the publisher describes. Default values and ranges can differ, so read the input tab in your own terminal.
| Input | Purpose |
|---|---|
| Broker option | Selects a fill policy the broker accepts. Use the ICMARKET choice for Immediate or Cancel, or Binary for Fill or Kill. |
| Digit option | Forex for standard pairs, or the volatile choice for synthetic indices. |
| Lot option | Auto lot or fixed lot. |
| Fixed lot | Your own lot size when fixed lot is selected. |
| Balance divider | Used by auto lot. The balance is divided by this number to get the lot size. |
| Hidden TP / hidden SL | Virtual take profit and stop loss levels. |
| Used trailing / hidden trailing | Turns virtual profit locking on or off and sets how it behaves. |
Auto lot sizing scales position size with your balance and the divider. Look at the lot size the EA will use on your account before you start and compare it with your margin and the loss you can accept. Set a divider or fixed lot you are comfortable with.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account first.
For continuous operation, many traders use a VPS. Confirm your broker permits expert advisors on the account type you hold.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Single-order entries with virtual exits |
| Markets | Forex pairs and synthetic indices |
| Timeframes | Any; H4 suggested by the publisher |
| Lot sizing | Auto lot (balance divider) or fixed lot |
| Exit controls | Hidden TP, hidden SL, optional virtual trailing |
| Requirements | MT5 account, algo trading enabled, suitable fill policy |
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No. This listing is for MetaTrader 5. It will not load in MT4, so make sure your broker account is an MT5 account before you buy.
The broker option exists so the EA can send orders with a fill policy your broker accepts. The publisher says to pick the ICMARKET setting if your broker offers Immediate or Cancel, and the Binary setting if it offers only Fill or Kill. To see what your broker allows, open a manual New Order window in MT5 and check the available fill types. Test on a demo account first.
The publisher describes it as a single-order EA without hedging, averaging or martingale, even though the store lists a grid tag. Behaviour can differ by settings and market, so run it in the Strategy Tester and on a demo account to confirm how it trades before using real funds.
With auto lot, the EA divides your account balance by the balance divider input. The publisher gives the example of a 20000 divider with a 50000 balance, which produces 2.5 lots. That can be a large size, so check the result against your own risk limits. With fixed lot, it uses the number you type in.
The publisher quotes a low minimum per pair, but this depends on your broker, account type, symbol and lot size. Check contract sizes and margin requirements with your broker and test on demo before deciding how much to fund.
There is a digit option for synthetic index symbols as well as forex. Choose the setting that matches the symbol you attach it to, and confirm that your broker allows automated trading on that instrument.
MEF Algosoftbot
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