The Thorex MT5, a powerful and flexible forex trading software, is designed to optimize your trading strategies and expand your forex market potential. This advanced tool supports a range of currency pairs and is equipped with 15 separate Expert Advisors (EAs) in one master EA. It holds the potential to revolutionize your trading activities.
Unique Portfolio and Risk Management
Thorex MT5 provides the flexibility to run any combination of supported currency pairs, allowing you to create your own personalized portfolio and manage risk effectively. All strategies trade independently, offering uncorrelated daily profits and losses. This ensures each strategy can be switched on and off as per your trading requirements, allowing for a highly personalized trading experience.
Decades of Data Backed Development
The Thorex MT5 is developed on 35 years of high-quality history data (1986 – 2022). It has been backtested on individual tick-data from various brokers for recent years. Full backtest/portfolio reports are available, providing a clear insight into the software’s performance and reliability. The software has been Out Of Sample (OOS) tested and Monte Carlo stressed, demonstrating its robustness and ability to withstand market fluctuations.
Superior Performance Metrics
The Thorex MT5 boasts superior performance metrics. It offers a portfolio combined return/drawdown ratio greater than 400. The portfolio combined equity growth stability is greater than 99%, and the portfolio combined max stagnation is less than 90 days in 35 years. These impressive statistics signify the software’s efficient performance and robustness in the volatile forex market.
Safe and Secure Trading
Thorex MT5 ensures safe and secure trading with its advanced features. It does not employ risky trading strategies like night scalping, martingale, grid, entry averaging, or “recovery trades”. Each trade is secured by a tight stop loss of just 17 to 88 pips. This software promotes the principle of taking one trade at a time per system, minimizing the risk of significant losses.
Customizable Risk/Broker Recommendations
The Thorex MT5 allows you to adapt the risk modes according to your comfort and market conditions. You can choose from “Fixed Lots”, “% Risk per Trade”, or “Lots per 1000 Balance”. The recommended risk settings are “Lots per 1000 Balance” with setting “0.02” and a starting balance of $1000. This setting corresponds to approximately 140% average yearly gains at 15% average drawdown.
The recommended broker to use with Thorex MT5 is IC Markets or another low spreads broker. This is particularly important for the minor pairs which Thorex MT5 supports. These recommendations ensure you can maximize your trading profits while keeping risk to a minimum.
Installation and Parameter Configuration
To get started, attach the EA to one H1 chart, configure the risk modes, and enable/disable the strategies you want to trade. If your broker uses a suffix like EURUSDa, EURUSD.i, add it to the “Global Symbol Suffix” section. Customize the “Order Comment” for each trade to keep a record of your trading activities. Lastly, set your broker’s “Rollover Hour” according to the start time of your broker’s Tokyo session.
FAQ
What is the minimum recommended account balance for Thorex MT5? The minimum recommended account balance for Thorex is $250 or equivalent. This ensures that you have sufficient funds to execute trades and manage risk.
Is there a private group for Thorex MT5 users? Yes, a private group for Thorex MT5 users is available. You will need to provide proof of purchase to join this group.
Are there any updates available for Thorex MT5? Yes, free ongoing maintenance and updates for Thorex MT5 are available via MQL5 for the best performance.
Users interested in witnessing Thorex MT5 in action can watch independent testing of the product on the forexroboteasy.com website. Updates on testing results are also available for subscription. We invite users to share their experiences using Thorex MT5 to help others make informed decisions. This review is independent and aims to provide unbiased insights into the product’s features and performance.
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