Best MT5 EAs and Where You Can Find Them

September 15, 2021

15 min read

MetaTrader 5 is one of the leading and best trading platforms around the world. Released back in 2010, MetaTrader 5 has changed the game in many ways. This trading platform can be used for numerous different assets, including those like Forex, stocks, indices, CFDs, and many others.

MetaTrader 5 was created by the same company that created MT4, MetaQuotes. Since its initial release, MetaTrader 5 has become very popular around the world and as of today, it is offered by a lot of Forex brokers in the market.

There are many things that make MetaTrader 5 better than the others. One of the biggest advantages of this trading platform is that it offers investors the ability to use Expert Advisors. In the Forex trading market, Expert Advisors, shortly known as EAs, are software programs that are used by Forex traders to automate the process of trading.

One of the questions that are asked by a lot of traders in the market is how to find the best Forex EA for MT5. Today, in this guide to the best EAs for MT5, we are going to help you find the Expert Advisors that fit your needs the best.

There are several ways you can get yourself a well-developed EA. One of the ways is to visit the official website of MetaTrader 5, where you can see all the EAs that can be used on MT5. On the other hand, you can also create an Expert Advisor of your own, which will be perfectly tailored to your personal needs as a Forex trader.

Below, we are going to discuss some of the most popular Forex EAs you can use on MT5.

Hades EA

This is a breakout index trading Expert Advisors that is overly sensitive to superb trading conditions. It operates by adhering to slightly tweaked ZigZag indicator to connected extreme points on the chart before entering a trade.

If you are looking for DAX30/40 and US30 automated trading solutions, this is breakout EA offers a solid performance with relying on grid trading (martin gale) and operating within strict confides of floating stop losses and take profits.

Backtesting

See full backtesting overview.

Apollo EA

This Robot uses scalping strategy applying modified ZigZag indicator to skim profit from XAUUSD (Gold). ZigZag indicator tracks and connects extreme points of the chart. Apollo EA opens up to one trade at a time, with a limit of one trade per day.

The approach uses hard stop loss and dynamic take profit levels, without grid, hedging, arbitrage, or martingale mechanics. Based on backtesting and live performance, to reach an impressive profit factor of three, the EA looks at M30 timeframe, averaging a win rate of 74% and 7 points per trade profit (average loss is 7 points). Average trade length is one minute.

Backtesting

Zeus EA Gold

There are numerous Expert Advisors for MT5 that you can use right now, but not all of them are equally good. One of the best EAs that is currently available in the Forex trading market is Zeus EA which is available for traders all around the world.

Created by a team of professionals from Elite CurrenSea, this trading EA has been very heavily tested for traders. It was created in 2019, and since then, it has proved to be a very useful and profitable tool for Forex trading.

Zeus EA is able to provide traders with profits of 5-15 percent each month, which is truly a great number for Forex trading. There are numerous different subscription options available when it comes to Zeus EA, and they are diversified so that traders of different interests and backgrounds can find one that fits their needs personally.

Because of how useful and helpful this EA can be, Zeus EA has been named as one of the best Expert Advisors for MetaTrader 5 by numerous companies around the world. The best thing about this trading EA is the speed that it offers to clients. With its ultra-fast execution speed and complex monitoring, you can make sure that there are no opportunities gone unnoticed by the trading EA.

This trading EA was created for EUR/USD trading by two professionals, Nenad Kerkez, and Chris Svorcik. It was tested for a very long time and has been live for over 2 years and proved to be very successful. The trading EA was backtested for four years, ensuring the best outcome for traders. In addition, it was tested with a 99% model accuracy, which is a widely-accepted way of testing in the Forex trading world.

Hera EA

This EA lets you tap into trading high impact news related to US Dollar in “auto-pilot” mode. To reach a profit factor of 4.5, the robot places pending orders in both directions so that if the news has a significant impact on the Forex rates, you are set and ready to cash in on the market momentum.

The news are automatically downloaded from reputable online resources. Moreover, there are several other filters, such as the “news impact”. This EA looks at 15M timeframe and uses dynamic stop loss and take profit levels without relying on grid, hedging, arbitrage, or martingale mechanics.

You can expect an up to three trades per day, a win rate of 90%, average win of 8 points (average loss of 12 points) and an average trade length of 22 seconds.

Prometheus EA

This MetaTrader 5 Expert Advisor uses breakout of the most important support and resistance levels, designed specifically for Forex Majors (EUR/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/JPY) without relying on arbitrage, hiding or martin gale (Grids).

Backtesting

See full backtesting overview.

Ares EA

This Expert Advisor monitors the market movement & volatility of the DAX40 during trading hours.

The EA uses a recovery function on the NEXT trade, that will increase the trade size x2 after loss for X levels, however user has option to set or disable this feature.

This being said, we consider Ares EA a relatively conservative robot that does not rely on arbitrage, hiding or martingale (Grids).

Backtesting

See full backtesting overview.

Ultima EA

Created by the same company that established Zeus EA, Ultima EA strikes as one of the top Expert Advisers of MT4 and MT5 trading platforms. This EA can be used on both of these platforms and is very helpful for traders all around the world.

There are numerous things that make this trading EA unique. One of these things is that by renting Ultima EA, you are actually getting yourself three different Expert Advisors: Ultima, Ultima Pro, and Rush EA. All of these you can get for a price of one.

There are three different subscription options available when it comes to Ultima EA. With every single subscription, you can get 3 EAs in addition to 24/5 email support. The regular, yearly bundle of the Ultima EA will cost you 1,899 euros per year. You can also get a sponsored yearly bundle, which will cost only 1,449 euros per year. If you do not want to pay for the whole year at once, the company also offers you the ability to pay on a monthly basis. This subscription will only cost you 200 euros per month.

All of these make Ultima EA a truly amazing solution when it comes to Forex trading Expert Advisors. While getting the best free Expert Advisor for MT5 2021 is something that many traders desire, it is not something that you can get easily. Most of the EAs, especially those that are well developed and of high quality will cost you a certain amount of price.

When it comes to different types of EAs, Ultima EA comes at a very competitive price, especially for the amazing services it has to offer.

ATS Advisor

If you go on the website of the MetaTrader 5 and look for the best Expert Advisors, one of the first ones that come on the list is ATS Advisor and it is for a reason. ATS Forex trading Expert Advisor has been available for a very long time.

First, it was created for MetaTrader 4, however, as of today, it is available on both MT4 and MT5 trading platforms. One of the best things about this Forex trading EA is that it has been tested for a very long time, and the company behind it continues to work on further developing it. The testing has been ongoing since 2010 in different types of market conditions and periods, making sure that there are no glitches or bugs associated with the EA.

When it comes to Forex Expert Advisors Rating, ATS Advisor is known for having one of the best ratings in the market for offering such high-quality services to Forex traders. The creators of the ATS EA recommended traders use ECn/STP brokers with a minimum StopLoss level of 0-1 pips. As for the leverage, their recommended leverage is 1:100 or higher. The Expert Advisor has very good reviews, most of the people praising its customer supporter services.

You can find this Expert Advisor MT5 for sale at the official MQL5 website for $499. There also are renting options available, including 6 months rent for $239, and 1-year rent for $299. There also is a free demo option available.

Wild Side EA

Wild Side is a very good Expert Advisor created for MetaTrader 5 which you can get directly from the website of MetaTrader 5. This is a fully automatic Expert Advisor for trading and works perfectly during the night Forex trading market. The trading EA does not use martingale, grid, or other methods.

Each of the trades done by the EA is accompanied by a stop loss and take profit to guarantee maximum safety. What makes Wild Side the best MT5 EAs is that it uses its very own price action algorithms and also uses different types of indicators for the best outcome.

There is no need for a news filter for this trading EA, and it comes with unique transaction tracking algorithms. All of the settings are already built into the Expert Advisor once you download it. There is no need to spend time on optimization.

All you need to do is just install it, apply it to the currency pairs, and let it trade cryptocurrencies for you. Wild Side is capable of working with numerous currency pairs, including USD/CAD, EUR/CAD, EUR/CHF, EUR/USD, and many others. You can buy Wild Side EA for $219 directly on the website of MQL5, and there also is a demo version of this EA available for traders.

All in all, using Expert Advisors can be a great help in the Forex trading market. There are numerous of them available for MetaTrader 5 and using them is very comfortable and easy. Using each EA from our list can be very helpful for Forex traders.

FAQ on The Best MT5 EAs

What is the most profitable EA Forex?

While there are many EAs available in the market, one that is thought to be the most profitable is Zeus EA. It is a very high-quality trading EA that was created by Elite CurrenSea and has been backtested for a very long time. In addition, this EA has been backtested for a very long time, which ensures further safety and security.

However, if you do not want to use EA made with someone else, you can create one of your own. While Expert Advisor Programming for MetaTrader 5 requires some skills, many believe that it is worth the time.

Does Forex EA really work?

Yes, Forex trading EAs absolutely work. There are many people who are using them every single day around the world and these EAs have proved to be very successful for traders of all different backgrounds. You can very easily find the best free Expert Advisor for MT5 by doing a little research.

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