Colossus EA MT5
- Experts
- Juvenille Emperor Limited
- Version: 1.10
- Updated: 6 December 2023
- Activations: 20
Colossus EA ΜΤ5 is a fully automated Expert Advisor that will trade high impact news, with the placement of Buy/Sell Stop Pending orders some seconds before each new candle, in order to catch any violent action to either side of the price. Colossus EA MT5 will cancel these Stop Pending orders, some seconds after the candle's birth, if these haven't been triggered. A series of unique settings will help you adjust all potential aspects in order to take advantage of sudden price moves. Colossus EA MT5 comes with a ready default strategy for EURUSD M5 timeframe, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to test Colossus EA MT5 and make any necessary time adjustments to fit your broker/account.
Notice: Before you test or trade Colossus EA MT5 you must load this set file. Default settings were necessary in order the Colossus EA MT5 to pass the MQL5.com Market validation test.
Colossus EA MT5 is highly sensitive to trading conditions, emphasizing the importance of selecting the right broker and account type for successful testing and trading with the recommended set files. It is highly recommended to use an IC Markets Raw Spread (ECN) account or an equivalent ECN account from other reputable brokers, such as the Pepperstone Razor account, Tickmill PRO account, or XM Zero account. Even if you observe promising results in your MT5 strategy tester tests, I strongly recommend initially trading Colossus EA MT5 on a demo account before transitioning to a small real account. Gradually increasing your balance as positive results are confirmed is also advised.
Advice: None of my EAs are miracle products capable of predicting the market. Instead, they are honest, well-coded expert advisors designed to win more than they lose. They do not employ martingale or grid strategies, which means their results won't consistently show an upward profit curve; there may be ups and downs. Success with them requires patience and discipline. My general recommendation is to test all the provided set files in your strategy tester. If you discover any interesting results, consider making a purchase. I regularly optimize all my EAs and release new set files twice a year. Additionally, at the end of each month, I assess the performance of all the provided set files and offer new suggestions based on the symbols that have performed the best over the last 2-3 months. I advise you to trade only with the best-performing set files, limiting your risk to 1% or 2% per symbol, rather than using all of them. For my latest recommendations, please visit the backtests & set files blog by: clicking here.
Product Installation | How to Test the Colossus EA MT5 | Colossus EA MT5 Settings/Inputs Guide | Colossus EA MT5 Backtests & Set Files | Update of a Purchased Product
Features
- Martingale, Grid, Averaging or other dangerous techniques are not used
- Buy/Sell Stop Pending orders are placed prior to each new candle
- Special time settings for placing and cancelling Stop Pending orders
- Unique filter settings based on daily trading range for extra caution
- Stop Loss, Take Profit, Break Even and Trailing Stop Loss settings
- Emergency Basket Stop Loss for all open trades on an account level
- No Trading Candles setting for excluding certain candles from trading
- 100% automated Expert Advisor
- MQL5 VPS compatible
Default Settings
- Colossus EA's MT5 default settings are a ready to trade strategy for EURUSD on M5 timeframe, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to test Colossus EA MT5 and make any necessary time adjustments to fit your broker/account. Before you test or trade the Colossus EA MT5 you must change these settings: Buy Stop Distance in Points: 70 and Sell Stop Distance in Points: 30. Default settings were necessary in order the Colossus EA MT5 to pass the MQL5.com Market validation test.
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Hands down!!, my most profitable EA from Eleni, probably her best EA so far, I don't understand why it is taking so long for it to become her most important EA/Product. The only downside is that it operates in only one pair, it would be awesome if we could trade in other pairs as good as this original pair, have you tested Eleni? Thank you so much!