HFM information and reviews
HFM
96%
OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FXCM information and reviews
FXCM
87%

Morpheus MT5 – Forex Expert Advisor

Breakout based strategy, generates market entry signals when the price crosses a border of a certain price range. Recommended currency pair/timeframe: EURUSD M30. We recommend using a VPS with minimal ping to your broker. Leverage of 1:100 or more is recommended. Low spreads and high quality execution are important when choosing a broker. It uses a system of filtering false signals. The EA uses adaptive trailing stop.

To create the strategy, we have used the history data with 99,9% quality for the last 15 years. The best signals had been selected and the false signals have been filtered out. The Expert Advisor performs technical analysis and considers only the breakouts that show the best result. 

  • It uses a system of filtering false signals.
  • The EA uses adaptive trailing stop.
  • The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade.
  • Recommended currency pair/timeframe: EURUSD M30.
  • Attention! This EA is only for "hedging" accounts.

Requirements and Recommendations

  • Low spreads and high quality execution are important when choosing a broker.
  • We recommend using a VPS with minimal ping to your broker.
  • Leverage of 1:100 or more is recommended.

Parameters

  • Magic — Identifier for trades.
  • Order Comment— Comment to order.
  • Slippage — Allowable slippage before an order triggers.
  • Max Spread — Maximum Spread allowed before pending order triggers.
  • ticks average spread — collect average spread ticks.
  • ticks for deleting pending orders — collect average spread ticks for deleting pending orders when the average spread exceeds Max_Spread.
  • Order Type — select trade direction.
  • disable trade if spread high — disable trading for a certain time (from 5 minutes to 24 hours), if the spread exceeds Max_Spread.
  • Fixed_Lot — Fixed lot (if Use_Risk_MM - false).
  • Use_Risk_MM — If this is true, the lot size will increase when account balance grows (Risk Management).
  • Percentage_Risk — Lot size increase based on the balance value (Risk Management in %).
  • Take_Profit — Take profit in points.
  • Stop_Loss — Stop loss in points.
  • Breakeven_Target_PipsInp — When price is above this value, breakeven triggers. (-1 = off).
  • Breakeven_Jump_PipsInp — Stop Loss is moved using this value to breakeven.
  • Trailing_Stop — Trailing points when position is in profit. (-1 = off, 0 = Stop_Loss ).
  • Trailing_Step — Trailing step when the position is in profit.
  • Risk_Protection_on_slippages — If true, the EA also applies position closure in case of a slippage.
  • Adaptive_Trailing_to_slippages — If true - adaptive trailing stop.
  • Change_correction_coefficient — Trailing sensitivity coefficient.
  • Adaptive_by_Time — Algorithm of adaptive trailing by time.
  • Time_Scale — time interval for price analysis.
Morpheus MT5 EA Rating 6.1
Yield per annum 135%
Max drawdown per annum 10.73%
Developer Morpheus
Created, year 2019
Free
Price $149
Class short term
Type breakout
Lot size not less than 1000 units per 0.1 of a standard lot
Deposit $500
Leverage 100
Timeframes M30
Strategies breakout
Indicators own indicators
Recommended brokers Fxview, Exness, AdroFx
Trading tool/currency pairs EURUSD
Automatic account type
Indicating
Multiple usage
Mini deposits
Max risk limitation
ECN
NDD
Several one-way series
Auto start lot
Fixed stop loss
Fixed takeprofit
Automatic lapse expansions

Recently added Forex Expert Advisors 2023

Recommended Materials on Forex Expert Advisors

MultiBank Group information and reviews
MultiBank Group
86%
Vantage information and reviews
Vantage
83%
FP Markets information and reviews
FP Markets
81%
Just2Trade information and reviews
Just2Trade
80%
AMarkets information and reviews
AMarkets
78%
IronFX information and reviews
IronFX
77%

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.