Spoiler: There may be smth worthwhile, however not within the high 10.
Largest disappointment: The “Darkish Venus MT5” has 1381 opinions, principally optimistic. However, sadly, it stops out in April because of its final massive drawdown.
I severely wished to consider that there could be free EA on the market. So I checked out one of the best of the market. It was a night of frustration…
If there are good free EAs, they don’t seem to be among the many high. Look past! Test this free EA “Your False Hope“!
1/ NODE Neural EA for MT5 dangerous
2/ RangeBreakout EA MT5 dangerous
3/ Darkish Venus MT5 dangerous
4/ Cannon Pattern dangerous
5/ Gold Pattern EA dangerous
6/ Stratos Zephyr mt5 dangerous
7/ Grid Scalper MA MT5 EA dangerous
8/ RSI GridMaster Mini dangerous
9/ Break of Construction BoS SMC EA dangerous
10/ Neon Shadow MT5 dangerous
…
Your False Hope good
1/ NODE Neural EA for MT5
112 opinions (approx. 1120 whole downloads)
Final replace December 2024
Take a look at on actual ticks since final replace: +4.05 Internet Revenue, 16.97% Drawdown
Execs:
– Nothing.
Cons:
– It trades solely EurUsd.
– Dimension of the file 49KB, which suggests it’s the easiest tree of choices that randomly locations grids.
Conclusion:
No actual revenue because the final replace, that’s for the final 5 months. First place available on the market?! How come?! The writer sells different EAs. This one is to advertize what else they’ve. Sufficient discuss.
2/ RangeBreakout EA MT5
51 opinions (approx. 510 whole downloads)
Final replace January 2025
Take a look at on actual ticks since final replace: +1578.00 Internet Revenue, 80.25% Drawdown
Execs:
– Doesn’t maintain trades too lengthy.
– It ought to be capable of commerce a number of symbols. Unsure, it doesn’t make revenue on any image.
Cons:
– Dimension of the file 46KB, which suggests it’s simply that straightforward.
– Apparently, not a neural community. We all know now, a linear technique can not work on Foreign exchange.
– Default settings will certainly blow the account.
Conclusion:
A really bumpy development – it usually jumps up, after which abruptly falls down. Not a method, a roller-coaster.
3/ Darkish Venus MT5
1381 opinions (approx. 14K whole downloads)
Final replace September 2024
Take a look at on actual ticks since final replace: -2698.28 Internet Revenue, 122.31% Drawdown
Execs:
– Can commerce a number of symbols.
– It’s a 15-min (and even 5-min) scalper. The promise is that this: You will not have to attend with this technique.
Cons:
– In actuality, it locations trades and waits for ever to make them worthwhile.
– Will not survive in an extended development.
Conclusion:
It trades by inserting a really dangerous guess following the Bollinger Bands. Whether it is destructive after 15-Half-hour, it locations one other. After which one other. As much as 10 trades inside 200 pips. If the market nonetheless goes within the mistaken route, this blows out the account. So it did on EurUsd in April 2025.
4/ Cannon Pattern
45 opinions (approx. 450 whole downloads)
Final replace March 2025
Take a look at on actual ticks since final replace: -1539.27 Internet Revenue, 82.93% Drawdown
Execs:
– It ought to be capable of commerce a number of symbols. Didn’t trouble to check after it failed abruptly on Gold.
Cons:
– A 5-minute scalper on Gold?! Give me a break.
– Default settings will certainly blow the account.
Conclusion:
At the least, I do know why this has been within the high 10 for fairly some time. It trades the risky Gold. Gold has been rebellion because the early 2024. You don’t want a method for that. Simply purchase and wait. Till March… Sure, Gold beginning rolling again in March 2025. And all this fancy stuff, which betted on the ever-growing development, abruptly failed.
5/ Gold Pattern EA
77 opinions (approx. 770 whole downloads)
Final replace March 2025
Take a look at on actual ticks since final replace: +132.92 Internet Revenue, 7.85% Drawdown
Execs:
– It trades on risky Gold.
Cons:
– Dimension of the file 63KB, which suggests it’s simply that straightforward.
– Couldn’t perceive the technique behind this EA.
– Advisable timeframe H1. Probably not beneficial for Gold by severe merchants.
Conclusion:
Relying on once you cease the check, you have got both a destructive revenue or a optimistic revenue. It’s merely up and down, up and down.
6/ Stratos Zephyr mt5
170 opinions (approx. 1700 whole downloads)
Final replace September 2024
Take a look at on actual ticks since final replace: -1113.52 Internet Revenue, 83.22% Drawdown
Execs:
– It ought to be capable of commerce a number of symbols.
– Humorous photos of animals among the many writer’s merchandise.
Cons:
– This and different EAs from this writer have photos of actual alerts rising like loopy. However no precise hyperlinks to these alerts.
– It’s that straightforward neural community which inserts the historical past till the final replace.
Conclusion:
For no matter motive, I feel this man is a faculty pupil. He likes humorous photos of animals – examine his different merchandise. The writer made a easy neural web for a number of symbols. By no means actually bothered about validation or val_loss or no matter. The end result: A pleasant historic chart up till the final replace. Not a single worthwhile commerce since then.
7/ Grid Scalper MA MT5 EA
15 opinions (approx. 150 whole downloads)
Final replace March 2025
Take a look at on actual ticks since final replace: +130.97 Internet Revenue, 6.25% Drawdown
Execs:
– Nothing.
Cons:
– Dimension of the file 68KB, which suggests it’s simply that straightforward.
– It’s a grid. It isn’t a method, simply tossing a coin.
Conclusion:
The writer suggests it must be run on 5-minute AudUsd. This set can not survive because the final udpate. So I examined completely different units. The nice one for March-April was 1-hour EurUsd. Solely this set can not survive 2024…
8/ RSI GridMaster Mini
13 opinions (approx. 130 whole downloads)
Revealed March 2025
Take a look at on actual ticks since final replace: -135.33 Internet Revenue, 13.33% Drawdown
Execs:
– Nothing.
Cons:
– Seems like a neural community, that works dangerous even on historical past as a result of, apparently, it’s a dense neural community.
– Just like the “Darkish Venus MT5” EA, it locations trades one after one other, betting that the next trades can cowl up the floating loss produced by earlier trades.
Conclusion:
It solely began its journey available on the market and it already has 13 opinions! How do they do it?! Apparently, it can not survive an extended development. As a result of it opens trades and easily waits for ever to make them worthwhile.
9/ Break of Construction BoS SMC EA
17 opinions (approx. 170 whole downloads)
Final replace March 2025
Take a look at on actual ticks since final replace: -43.77 Internet Revenue, 21.67% Drawdown
Execs:
– Shortest description of the EA ever seen: solely 93 phrases!
– Smallest measurement of the file 43KB! Will not take a lot place!
Cons:
– Its professionals are so humorous that I made a decision in opposition to writing the cons.
Conclusion:
That is actually a dumb technique with 17 opinions!
10/ Neon Shadow MT5
46 opinions (approx. 460 whole downloads)
Final replace April 2025
Take a look at on actual ticks since final replace: -6.09 Internet Revenue, 2.61% Drawdown
Execs:
– It ought to be capable of commerce many symbols.
Cons:
– A pleasant historic chart earlier than the final replace, after which oops.
Conclusion:
I attempted to learn and comply with the set up information… Guys, it’s an EA. Automated buying and selling, huh? Make it easy: put it on a chart and also you’re able to go. The set up information is simply blah-blah-blah. After which, that concept that it pulls one of the best settings from their server – what is that this about? Can it commerce as a result of it has a method, or are you manually sending alerts when it goes virtually blown out? In spite of everything, it applies one of the best settings for a pleasant historic chart, whereas there is no such thing as a Web connection in historic testing.
Your False Hope
19 opinions (approx. 190 whole downloads)
Final replace January 2025
Take a look at on actual ticks since final replace: +251.09 Internet Revenue, 12.56% Drawdown
Execs:
– It might probably commerce many symbols.
– It makes use of a recurrent neural community LSTM, that’s best suited for processing timeseries information.
– It combines information from completely different symbols to diversify coaching and buying and selling.
Cons:
– Wants an extended testing interval.
Conclusion:
An excellent EA misplaced on the market amongst so many others. Like an excellent poet, merely out of luck (Ch. Bukovsky).
