Description
<h3>Introduction</h3>
<p><strong>Parasite EA V5.4 MT5</strong> is an automated Expert Advisor for MetaTrader 5 designed to execute trades using pre-defined algorithmic rules. It’s built to help traders automate entries/exits, reduce emotional trading, and keep execution consistent across sessions (especially useful if you run it on VPS).</p>
<h3>Key Features</h3>
<ul>
<li>Fully automated trading on <strong>MT5</strong></li>
<li>Smart entry/exit logic based on market conditions (rules-based execution)</li>
<li>Risk control options: lot sizing, max trades, equity protection</li>
<li>Works well with <strong>low-spread + fast execution</strong> brokers</li>
<li>Can be used on VPS for 24/7 trade management</li>
<li>Trade management tools like trailing/partial close (if enabled inside settings)</li>
</ul>
<h3>Recommended Settings</h3>
<ul>
<li><strong>Timeframe:</strong> M15 or H1 (start with <strong>H1</strong> for stability)</li>
<li><strong>Pairs:</strong> Major pairs (EURUSD, GBPUSD) + Gold (XAUUSD) only if spread is low</li>
<li><strong>Minimum Deposit:</strong> $200–$500 (safer if you use $500+)</li>
<li>
<p><strong>Risk / Lot Size:</strong></p>
<ul>
<li>
<p>Safer: <strong>0.01 lot per $200–$300</strong></p>
</li>
<li>
<p>If using risk mode: <strong>0.5% – 1% risk per trade</strong></p>
</li>
</ul>
</li>
<li><strong>Max Open Trades:</strong> 1–3 (keep it low for safety)</li>
<li><strong>News Filter:</strong> ON (recommended)</li>
<li><strong>Trading Hours:</strong> Avoid volatile rollover time; prefer London/NY sessions</li>
<li><strong>VPS:</strong> Recommended (low latency)</li>
</ul>
<h3>Backtest Result</h3>
<p>Backtest performance depends heavily on:</p>
<ul>
<li>Spread, commission, slippage, tick quality</li>
<li>Pair + timeframe + broker feed</li>
<li>Risk settings and max drawdown controls</li>
</ul>
<h3>Advantages</h3>
<ul>
<li>Automates trading and reduces emotional mistakes</li>
<li>Consistent execution + faster order placement than manual</li>
<li>Risk management controls help limit exposure</li>
<li>Useful for traders who can’t monitor charts all day</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Backtest ≠ live results (slippage/news/spread changes)</li>
<li>Needs proper broker conditions (low spread, good execution)</li>
<li>Wrong settings can cause high drawdown</li>
<li>Performs differently in extreme volatility phases</li>
</ul>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>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.</p>
to write a review