Parasite EA V5.4 MT5

Introduction

Parasite EA V5.4 MT5 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).

Key Features

• Fully automated trading on MT5
• Smart entry/exit logic based on market conditions (rules-based execution)
• Risk control options: lot sizing, max trades, equity protection
• Works well with low-spread + fast execution brokers
• Can be used on VPS for 24/7 trade management
• Trade management tools like trailing/partial close (if enabled inside settings)

Recommended Settings

• Timeframe: M15 or H1 (start with H1 for stability)
• Pairs: Major pairs (EURUSD, GBPUSD) + Gold (XAUUSD) only if spread is low
• Minimum Deposit: $200–$500 (safer if you use $500+)

• Risk / Lot Size:

  • Safer: 0.01 lot per $200–$300

  • If using risk mode: 0.5% – 1% risk per trade

• Max Open Trades: 1–3 (keep it low for safety)
• News Filter: ON (recommended)
• Trading Hours: Avoid volatile rollover time; prefer London/NY sessions
• VPS: Recommended (low latency)

Backtest Result

Backtest performance depends heavily on:

• Spread, commission, slippage, tick quality
• Pair + timeframe + broker feed
• Risk settings and max drawdown controls

Advantages

• Automates trading and reduces emotional mistakes
• Consistent execution + faster order placement than manual
• Risk management controls help limit exposure
• Useful for traders who can’t monitor charts all day

Disadvantages

• Backtest ≠ live results (slippage/news/spread changes)
• Needs proper broker conditions (low spread, good execution)
• Wrong settings can cause high drawdown
• Performs differently in extreme volatility phases

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.