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.

Installation & Setup Guide

Download the EA
Download the Monic EA V3.22 (.ex5) file.
Copy to MT5
Open MetaTrader 5 → File → Open Data Folder → MQL5 → Experts.
Paste the .ex5 file into the Experts folder.
Restart MT5
Close and reopen MT5 so the EA appears in Navigator → Expert Advisors.
Enable AutoTrading
Click the AutoTrading button (must be green).
Go to Tools → Options → Expert Advisors and enable:

Allow automated trading
Allow DLL imports (if required)

Open Recommended Chart
Open the recommended trading pair and timeframe (commonly major forex pairs or gold depending on preset).
Attach the EA
Drag the EA from Navigator → Expert Advisors onto the chart.
Configure Inputs
Set lot size (fixed or risk-based), risk percentage (1–2% recommended), spread filter, and other parameters.
Load preset (.set) file if provided.
Confirm Activation
Ensure the EA status icon appears in the top-right corner of the chart.

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.