Chiroptera EA V2.0 MT5

Introduction

Chiroptera EA V2.0 MT5 is a fully automated trading system developed for the MetaTrader 5 platform. It is designed to analyze market trends, momentum strength, and volatility conditions in real time, executing trades automatically based on predefined algorithmic logic. The EA aims to remove emotional trading decisions while maintaining structured risk management and disciplined execution.

Key Features

• Fully automated trade execution
• Trend-following and momentum-based strategy
• Automatic stop-loss and take-profit placement
• Adjustable lot sizing (fixed or percentage-based)
• Volatility-adaptive risk management
• Spread and slippage filtering
• Equity and drawdown protection settings
• Multi-currency pair compatibility
• Customizable trading sessions
• Optimized for MT5 infrastructure

Recommended Settings

While optimal configuration depends on account size and broker conditions, general recommendations include:

• Timeframe: M15 or H1
• Preferred Pairs: Major pairs such as EURUSD, GBPUSD, USDJPY
• Risk Per Trade: 1%–2% of account balance
• Lot Mode: Auto lot based on risk percentage
• Max Spread: Use low-spread ECN brokers
• VPS: Strongly recommended for continuous operation

Always forward test on a demo account before using it on a live account.

Backtest Result

Backtesting typically indicates:

• Stronger performance in trending markets
• Moderate drawdown with conservative risk settings
• Sensitivity to broker spread and execution quality
• Reduced consistency during prolonged ranging markets

Actual performance may vary depending on data quality, optimization, and market conditions.

Advantages

• Emotion-free automated trading
• Consistent rule-based execution
• Built-in capital protection features
• Time-efficient for busy traders
• Customizable risk management
• Compatible with MT5’s faster execution system

Disadvantages

• Market condition dependent
• Drawdowns are possible
• Sensitive to broker spreads and slippage
• Requires monitoring despite automation
• VPS may add additional cost
• No guaranteed profitability

Installation & Setup Guide

1. Download the Chiroptera EA V2.0 file (.ex5 or .mq5).

2. Open MetaTrader 5.

3. Click File → Open Data Folder.

4. Open the MQL5 folder and then the Experts folder.

5. Paste the EA file into the Experts folder.

6. Restart MT5.

7. Enable Algo Trading from the toolbar.

8. Open your preferred currency pair and timeframe.

9. Drag the EA from the Navigator panel onto the chart.

10. Adjust input settings according to your risk preference and click OK.

Support & Disclaimer

Support

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

WhatsApp: Click here

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.