Morpheus Algo EA V1.0 MT5

Introduction

Morpheus Algo EA V1.0 MT5 is a MetaTrader 5 Expert Advisor designed for automated trading on XAUUSD and EURUSD. It uses a built-in algorithmic engine with selectable instrument logic, automatic or fixed lot sizing, configurable Take Profit and Stop Loss, trailing management, and an on-chart information panel that displays market levels and zones. The EA aims to provide a consistent rules-based process for Gold and EURUSD traders who want systematic execution instead of constant manual monitoring.

Key Features

• Selectable XAUUSD and EURUSD trading logic
• Automatic lot sizing or fixed lot operation
• Configurable risk levels from 0 to 5
• Separate Take Profit and Stop Loss settings for each instrument
• Adjustable trailing activation and step
• Spread and slippage limits
• Optional news filter
• Optional prop-firm drawdown limits
• On-chart information panel with market levels and zones

Recommended Settings

XAUUSD (Gold) – H1 chart recommended for visualization

• Take Profit: 450 points
• Stop Loss: 1,700 points
• Trailing enabled
• Trailing activation: +115 points
• Trailing step: 35 points

EURUSD – Use with matching chart timeframe

• Take Profit: 150 points
• Stop Loss: 600 points
• Trailing enabled
• Trailing activation: +30 points
• Trailing step: 5 points

Risk level selects a sizing profile (not a fixed percentage per trade). Automatic sizing is enabled in the supplied preset. News filter and prop-firm limits are available but disabled by default. Always match symbol point size, spread and execution settings with your broker before live use.

Advantages

• Focused dual-instrument approach for XAUUSD and EURUSD
• Flexible risk levels and automatic or fixed lot sizing
• Instrument-specific exits and trailing management
• On-chart panel keeps market structure visible
• Optional news filter and prop-firm drawdown limits
• Clear separation of backtest and live monitoring data

Disadvantages

• Limited to only XAUUSD and EURUSD
• Relative equity drawdown in backtests varied significantly by profile (10.45% to 59.12%)
• Exact entry signal logic is not fully detailed publicly
• Performance depends heavily on broker spreads, slippage and execution
• News filter and prop-firm limits are disabled in the default preset
• Requires thorough demo testing and preferably a stable VPS for continuous operation
• Past backtests and signal results do not guarantee future performance

Support & Disclaimer

Support:

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.