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Space X is a fully automated MetaTrader 5 expert advisor for forex pairs and indices. It can trade with or against the trend, uses averaging, and exposes many inputs for tuning.
Get one message the moment it launches, with its price.
Space X is an automated trading system for MetaTrader 5. It analyses price data on its own, opens and manages positions without manual input, and is aimed at forex pairs and stock indices.
The author describes the system as one that can trade in the direction of the trend or against it, depending on how you configure it. It also relies on averaging, which means it may add to a position that has moved against it. Averaging can smooth the equity curve in some conditions, but it can also lead to large drawdowns when a move continues for longer than expected. The description also refers to neural-network components fed by a large number of inputs. Treat those details as background and check the author's documentation for what each part actually controls.
The product is intended for forex and index symbols. The exact list of suitable symbols and the preferred timeframe are not confirmed here, so read the author's guide and run your own tests on the symbol you plan to use.
Space X offers a long list of input parameters. The table below shows the kinds of groups to look for; the exact names and defaults are not listed here and should be checked in the terminal and in the author's guide.
| Area | What to check |
|---|---|
| Trade direction | Whether the EA follows the trend, trades against it, or both |
| Position size | Fixed lot or risk-based sizing, and the starting size |
| Averaging | How many additional positions are allowed and at what spacing |
| Protection | Stop loss, take profit and any equity or drawdown limits |
| Filters | Spread limits, trading hours and symbol-specific options |
Averaging and counter-trend trading can increase exposure quickly. Keep position sizes modest relative to your balance, and make sure you understand the maximum number of open positions the settings allow.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Test on a demo account before using real funds.
Run it in the Strategy Tester first, then on a demo account, before deciding whether the behaviour suits your own risk limits.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (netting or hedging account) |
| Strategy focus | Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Markets | Forex pairs and indices |
| Timeframes | Check the product guide and test before choosing one |
| Trade style | Trend-oriented, with optional counter-trend mode and averaging |
| Broker type | Low spread, fast execution, ECN-style account suggested |
| Requirements | Algo trading enabled; a VPS is recommended for continuous running |
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No. This is an MT5 expert advisor and will not run on MetaTrader 4. Install it only in MetaTrader 5.
Open MetaTrader 5, choose File, then Open Data Folder, and place the expert file in MQL5/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and enable algo trading.
A broker with low spreads, fast execution and low commission is generally better for automated systems, particularly ones that open several positions. Check whether your account type is netting or hedging, and test on a demo account first.
Yes. The EA is described as highly configurable, with many input parameters. Read the author's parameter guide and change one setting at a time while you run tests.
It is not strictly required, but an EA that runs around the clock needs a stable connection and a terminal that stays open. A VPS is a common way to achieve that.
Space X
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