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Razor MT5 is a fully automated expert advisor that trades mean reversion on AUDCAD, AUDNZD and NZDCAD from a single chart, using a limited grid of added trades and one shared stop loss.
Get one message the moment it launches, with its price.
Razor MT5 is an automated expert advisor for MetaTrader 5 that trades a mean reversion idea on three related currency pairs, AUDCAD, AUDNZD and NZDCAD, while running from a single chart. It manages its own entries, additional trades and exits, so no manual input is needed once it is configured.
The logic assumes that price tends to move back toward a recent average after an extended move. When conditions suit, the expert advisor opens a trade against the move. If price keeps going the wrong way, it can add further positions in steps, up to six extra trades, and the whole basket is protected by one common stop loss. This makes it a limited grid approach rather than an open-ended one, but a basket of several positions still increases exposure when the market moves against you.
The default configuration targets AUDCAD, AUDNZD and NZDCAD, with the expert advisor attached to an AUDCAD M15 chart. Parameters are open, so you can optimise for other symbols, including gold (XAUUSD), but that requires your own testing and is not the default setup. A lighter 1OHLC mode exists for slower computers; it gives a quicker but less precise backtest.
Exact input names and values depend on the build you download, so open the inputs tab and read each field before trading. The table below lists areas worth checking.
| Area | What to check |
|---|---|
| Lot sizing | Fixed or adaptive lots, and how they relate to your balance |
| Grid depth | Number of additional trades allowed during a drawdown |
| Stop loss | The shared stop for the whole basket |
| News filter | Whether it is enabled and how wide the pause window is |
| Spread and slippage | Maximum values accepted by your broker type |
| Prop firm options | Rule-specific settings if you trade a funded account |
Grid style systems can hold several losing positions at once, so drawdowns may be deep before the shared stop is reached. Spread, slippage, leverage and margin all affect behaviour. With low leverage and a small balance, margin requirements can become a problem when extra trades are opened.
Trading carries risk, and you can lose part or all of your capital. Backtests and past results do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
A RAW, Pro or ECN account and a VPS are the recommended setup for steady operation.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Signals, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automated) |
| Default markets | AUDCAD, AUDNZD, NZDCAD, managed from one chart |
| Default timeframe | M15 |
| Trade style | Mean reversion with a capped grid and a shared stop loss |
| Other symbols | Parameters are open; gold (XAUUSD) needs your own optimisation |
| Broker type | Low-spread RAW, Pro or ECN account recommended |
| Hosting | VPS running 24/5 or 24/7 recommended |
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It is built for MetaTrader 5 only. It will not load on MetaTrader 4, so check that your broker offers an MT5 account before buying.
No. By default the expert advisor handles AUDCAD, AUDNZD and NZDCAD from one chart. Attach it to AUDCAD on the M15 timeframe and make sure all three symbols are visible in Market Watch.
The parameters are open, so you can optimise your own settings for other instruments, including XAUUSD. The default configuration is designed for the three currency pairs above, so any gold setup needs careful testing on your broker's data before you use it live.
The strategy can be sensitive to spread and slippage, so a low-spread RAW, Pro or ECN account is preferable. Also check leverage and margin: with low leverage and a small balance you may run into margin limits when extra trades are added.
It is not enforced, but a VPS is advised. The expert advisor reads data continuously and needs to stay connected, so a computer that sleeps or loses its connection can interrupt it.
The tool includes settings intended for prop firm style rules. Rules differ between firms, so read your firm's conditions and test the settings on a demo account before using them on a funded one.
Razor MT5
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