Spoiler: There’s smth worthwhile, however not within the high 10.
Largest disappointment: The “Darkish Venus MT5” has 1381 evaluations, principally constructive. However, sadly, it stops out in April on account of its final huge drawdown.
I critically needed to consider that there is likely to be an excellent free EA on the market. So I checked out the perfect of the market. It was a night of frustration…
If there are good free EAs, they aren’t among the many high. Look past! Test this free EA “Your False Hope“!
1/ NODE Neural EA for MT5 unhealthy
2/ RangeBreakout EA MT5 unhealthy
3/ Darkish Venus MT5 unhealthy
4/ Cannon Development unhealthy
5/ Gold Development EA unhealthy
6/ Stratos Zephyr mt5 unhealthy
7/ Grid Scalper MA MT5 EA unhealthy
8/ RSI GridMaster Mini unhealthy
9/ Break of Construction BoS SMC EA unhealthy
10/ Neon Shadow MT5 unhealthy
…
Your False Hope good
1/ NODE Neural EA for MT5
112 evaluations (approx. 1120 complete downloads)
Final replace December 2024
Check on actual ticks since final replace: +4.05 Web Revenue, 16.97% Drawdown
Execs:
– Nothing.
Cons:
– It trades solely EurUsd.
– Measurement 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 in the marketplace?! How come?! The creator sells different EAs. This one is to advertize what else they’ve. Sufficient speak.
2/ RangeBreakout EA MT5
51 evaluations (approx. 510 complete downloads)
Final replace January 2025
Check on actual ticks since final replace: +1578.00 Web Revenue, 80.25% Drawdown
Execs:
– Doesn’t maintain trades too lengthy.
– It ought to have the ability to commerce a number of symbols. Unsure, it doesn’t make revenue on any image.
Cons:
– Measurement 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 technique, a roller-coaster.
3/ Darkish Venus MT5
1381 evaluations (approx. 14K complete downloads)
Final replace September 2024
Check on actual ticks since final replace: -2698.28 Web 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 pattern.
Conclusion:
It trades by putting a really dangerous wager following the Bollinger Bands. Whether it is adverse 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 improper route, this blows out the account. So it did on EurUsd in April 2025.
4/ Cannon Development
45 evaluations (approx. 450 complete downloads)
Final replace March 2025
Check on actual ticks since final replace: -1539.27 Web Revenue, 82.93% Drawdown
Execs:
– It ought to have the ability to commerce a number of symbols. Didn’t hassle 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:
No less than, I do know why this has been within the high 10 for fairly some time. It trades the unstable Gold. Gold has been rebellion because the early 2024. You don’t want a technique 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 pattern, abruptly failed.
5/ Gold Development EA
77 evaluations (approx. 770 complete downloads)
Final replace March 2025
Check on actual ticks since final replace: +132.92 Web Revenue, 7.85% Drawdown
Execs:
– It trades on unstable Gold.
Cons:
– Measurement of the file 63KB, which suggests it’s simply that straightforward.
– Couldn’t perceive the technique behind this EA.
– Beneficial timeframe H1. Not likely beneficial for Gold by critical merchants.
Conclusion:
Relying on if you cease the take a look at, you’ve got both a adverse revenue or a constructive revenue. It’s merely up and down, up and down.
6/ Stratos Zephyr mt5
170 evaluations (approx. 1700 complete downloads)
Final replace September 2024
Check on actual ticks since final replace: -1113.52 Web Revenue, 83.22% Drawdown
Execs:
– It ought to have the ability to commerce a number of symbols.
– Humorous footage of animals among the many creator’s merchandise.
Cons:
– This and different EAs from this creator have footage 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 believe this man is a college pupil. He likes humorous footage of animals – verify his different merchandise. The creator made a easy neural internet for a number of symbols. By no means actually bothered about validation or val_loss or no matter. The consequence: A pleasant historic chart up till the final replace. Not a single worthwhile commerce since then.
7/ Grid Scalper MA MT5 EA
15 evaluations (approx. 150 complete downloads)
Final replace March 2025
Check on actual ticks since final replace: +130.97 Web Revenue, 6.25% Drawdown
Execs:
– Nothing.
Cons:
– Measurement of the file 68KB, which suggests it’s simply that straightforward.
– It’s a grid. It’s not a technique, simply tossing a coin.
Conclusion:
The creator suggests it needs to be run on 5-minute AudUsd. This set can not survive because the final udpate. So I examined completely different units. The great one for March-April was 1-hour EurUsd. Solely this set can not survive 2024…
8/ RSI GridMaster Mini
13 evaluations (approx. 130 complete downloads)
Revealed March 2025
Check on actual ticks since final replace: -135.33 Web Revenue, 13.33% Drawdown
Execs:
– Nothing.
Cons:
– Seems to be like a neural community, that works unhealthy 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 following trades can cowl up the floating loss produced by earlier trades.
Conclusion:
It solely began its journey in the marketplace and it already has 13 evaluations! How do they do it?! Apparently, it can not survive an extended pattern. As a result of it opens trades and easily waits for ever to make them worthwhile.
9/ Break of Construction BoS SMC EA
17 evaluations (approx. 170 complete downloads)
Final replace March 2025
Check on actual ticks since final replace: -43.77 Web Revenue, 21.67% Drawdown
Execs:
– Shortest description of the EA ever seen: solely 93 phrases!
– Smallest dimension of the file 43KB! Will not take a lot place!
Cons:
– Its execs are so humorous that I made a decision in opposition to writing the cons.
Conclusion:
That is actually a dumb technique with 17 evaluations!
10/ Neon Shadow MT5
46 evaluations (approx. 460 complete downloads)
Final replace April 2025
Check on actual ticks since final replace: -6.09 Web Revenue, 2.61% Drawdown
Execs:
– It ought to have the ability to commerce many symbols.
Cons:
– A pleasant historic chart earlier than the final replace, after which oops.
Conclusion:
I attempted to learn and observe 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 the perfect settings from their server – what is that this about? Can it commerce as a result of it has a technique, or are you manually sending alerts when it goes virtually blown out? In spite of everything, it applies the perfect settings for a pleasant historic chart, whereas there isn’t a Web connection in historic testing.
Your False Hope
19 evaluations (approx. 190 complete downloads)
Final replace January 2025
Check on actual ticks since final replace: +251.09 Web Revenue, 12.56% Drawdown
Execs:
– It may possibly 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:
A superb EA misplaced on the market amongst so many others. Like an excellent poet, merely out of luck (Ch. Bukovsky).
