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Project IG MT5 is a multi-pair expert advisor for hedging accounts. It trades breakouts and rebounds around local support and resistance levels on the M5 timeframe, and all pairs are run from a single chart.
Get one message the moment it launches, with its price.
Project IG is an expert advisor for MetaTrader 5 that trades around local support and resistance levels. It looks for price breaking through a level, and also for reversals and rebounds from a level, and it handles a basket of forex pairs from one chart on the M5 timeframe.
The logic is built on an original approach to support and resistance. The expert advisor identifies nearby levels and then opens positions in one of two situations: price breaks through the level and continues, or price reaches the level and turns back. Although it works on a short timeframe, the developer states that it is not a scalper, so do not expect very frequent, very short trades.
Exits are handled by the expert advisor itself. It uses a hidden take profit, so the target is not visible to the broker, together with breakeven and a trailing stop. Because it manages positions on its own, you should not close or modify its orders manually.
The expert advisor is designed for M5 only. It covers a long list of major and cross pairs, including EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDCAD, EURGBP, NZDUSD and a number of EUR, GBP and JPY crosses. Each pair has its own on/off input, so you can limit trading to the pairs your broker offers with acceptable spreads.
The inputs are grouped around pair selection, lot sizing, filters and time control. Exact default values can differ between releases, so check them in the input window rather than relying on a fixed list.
| Input group | Purpose |
|---|---|
| Pair switches | Enable or disable each supported symbol |
| Magic numbers | Identify the expert advisor's own trades |
| Symbol prefix or suffix | Match broker symbol names such as m.EURUSD or EURUSD.m |
| Custom risk and fixed lot | Scale lots with balance, or use one fixed size |
| Max spread and slippage | Limit entries in poor conditions |
| Weekdays and trading hours | Choose trading days, daily start and end, and a Friday cut-off |
| Multi-currency tester mode | Test all pairs together in the strategy tester |
Trading carries risk, and past results do not predict future ones. Test on a demo account first, size positions to a balance you can afford to lose, and check the developer's balance and leverage recommendations with your own broker's conditions.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging accounts only) |
| Strategy focus | Scalping, Signals, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy | Support and resistance breakout, reversal and rebound |
| Timeframe | M5 |
| Markets | Major and cross forex pairs, selectable in the settings |
| Trade management | Hidden take profit, breakeven, trailing stop |
| Broker requirements | Hedging account, 3 or 5 digit quotes, 0.01 minimum lot |
| Other requirements | VPS recommended, about 1100 MB RAM, one chart only |
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No. The expert advisor needs an MT5 account with hedging support. Check the account type with your broker before buying, because on a netting account it will not manage positions as intended.
Only one. Attach the expert advisor to a single chart of any of the supported pairs. It trades every enabled pair from that chart, and you switch individual currency pairs on or off in the input parameters.
This is not recommended. The developer advises a separate account for this expert advisor and advises against closing its orders by hand, since that interferes with its position management.
The developer recommends a minimum balance of about 3000 USD, or 30 USD on a cent account, with leverage of 1:500 or higher and a broker that allows a 0.01 lot. Confirm these figures on the product page and test on a demo account first.
Yes. If your broker adds a prefix or suffix to symbol names, such as m.EURUSD or EURUSD.m, enter it in the prefix or suffix input so the expert advisor can find the symbols.
Use the MT5 strategy tester with the multi-currency option enabled and the M5 timeframe selected. The tester does not need every tick, so 1-minute OHLC simulation is enough for a quick run. Trading carries risk and test results do not predict future ones.
Project IG MT5
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