Monic EA V3.22 MT5

Introduction

Monic EA V3.22 is a fully automated Expert Advisor developed for the MetaTrader 5 platform. It is designed to trade the forex market using rule-based logic with controlled risk management. The EA focuses on stability and consistency rather than aggressive or high-risk trading methods, making it suitable for traders looking for steady automated execution.

Key Features

• Fully automated trading on MetaTrader 5
• Rule-based trade entries and exits
• Uses Stop Loss and Take Profit on trades
• No martingale or dangerous grid strategy
• Supports dynamic or fixed lot sizing
• Works on multiple forex pairs
• Designed for low to moderate drawdown
• Suitable for VPS usage

Recommended Settings

• Platform: MetaTrader 5
• Timeframe: Any (pair-dependent)
• Pairs: Major and selected minor pairs
• Minimum Deposit: $500 recommended
• Risk: Low to moderate (0.5%–1% per trade)
• Broker: ECN / low-spread broker
• VPS: Recommended for best performance

Backtest Result

Based on historical testing over multiple years, Monic EA shows strong profitability with controlled drawdown. Reported results indicate a high profit factor and very low maximum drawdown in backtests. Actual performance may vary depending on broker conditions and market behavior.

Advantages

• Fully automated, no manual trading needed
• Conservative risk approach
• No martingale or grid exposure
• Built-in SL and TP for risk control
• Beginner-friendly default settings
• Suitable for long-term trading

Disadvantages

• No guarantee of profits
• Trade frequency may be low
• Requires patience for consistent results
• Performance depends heavily on broker quality
• Not suitable for high-risk or fast scalping traders

Support & Disclaimer

Support

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

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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.