How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free eugene Expert for MetaTrader 5

MetaTrader 5 expert

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eugene

Info

The eugene is a Expert Advisor for MetaTrader 5 that how it worksa buy is executed if the high of the previous bar is higher and the low of the current bar is higher than the low of the previous bar, along with several additional checks involving prices and time. Four recent bars are included in the analysis.

Usage

This tool is typically used for automated trading on major forex pairs and gold.

Platform

This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.

How to Install and Use eugene

1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.

2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.

3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.

4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.

Frequently Asked Questions

Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.

Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.

Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.

What this tool does

How it worksA buy is executed if the high of the previous bar is higher and the low of the current bar is higher than the low of the previous bar, along with several additional checks involving prices and time.

Typical Use Case

This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.

Compatible Platform & Setup

This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.

Description & Settings

Related: eugene - another powerful expert for MetaTrader 5 traders.

How it works

A buy is executed if the high of the previous bar is higher and the low of the current bar is higher than the low of the previous bar, along with several additional checks involving prices and time. Four recent bars are included in the analysis. The reverse scenario applies for a sell.

Also recommended: stop loss take profit - similar expert with strong performance on MetaTrader 5.

The analysis is conducted on both formed and forming bars, which means testing can only be done in every tick mode.

Fig. 1 - The performance of the Expert Advisor in the Strategy Tester's visual mode is shown in the image.

Fig. 2 - Testing results at EURUSD H4 for the last month (09.2026).

Parameters

- Lots - Lot; when 0, the maxrr parameter is used.

- Stoploss - Stop loss in points, 0 indicates no stop loss.

- Takeprofit - Take profit in points, 0 means no take profit.

- Invertsignals - Invert the order of trading signals.

You may also like: avalanche av - excellent alternative for expert users on MetaTrader 5.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version   "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#include <trade/trade.mqh>
#include <trade/symbolinfo.mqh>
#include <trade/dealinfo.mqh>
#include <trade/positioninfo.mqh>
ctrade trade;

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.