Molecule AI MT5

The Molecule AI MT5 trading system, developed by Sergey Ermolov, aims to revolutionize automated trading with its advanced algorithms and neural network-based strategies. Released on June 6, 2023, and priced at $497, this trading system has received mixed reviews from users. In this article, we will delve into the features, user feedback, and overall reliability of the Molecule AI MT5 trading system.

Key Features and Setup

The Molecule AI MT5 system’s latest version, V4, was released on September 23, 2023, introducing a more stable algorithm. One crucial aspect of this system is its reliance on the correct GMT parameter setup. Users must ensure the correct time zone configuration while the market is open to receive accurate ticks in the trading terminal. Proper setup is vital for the Expert Advisor’s (EA) optimal performance.

Setting Up the GMT Parameter

To set the GMT parameter correctly:

• Ensure the market is open and the trading terminal is receiving ticks.
• Open Google and search for the correct GMT settings based on your broker’s time zone.
• Adjust the GMT parameter accordingly in the EA settings.

User Reviews and Feedback

The Molecule AI MT5 system has garnered a mixed reception, with an average rating of 2.86 based on several reviews. Here’s a summary of the user feedback:

• kometts: Rated 2. Not profitable on a live account. Significant discrepancies between backtests and real trading results. The news filter option does not work properly.
• geirman: Rated 5. Positive experience with earlier versions and the V4 beta. The developer is responsive, and the community support is strong.
• 5a8a0e3c: Rated 1. Negative profit in tests, limited to 13 currency pairs, and not compatible with all brokers.
• alexisconde: Rated 0. Discrepancies between backtest results and real trading outcomes.
• darkside61: Rated 5. Successful results with early versions and stability improvements in V4.3. Excellent developer support and community interaction.

Reliability and Performance

While some users report successful trading results with Molecule AI MT5, others highlight significant discrepancies between backtests and live trading performance. Such variations are not uncommon in automated trading systems due to market dynamics and broker-specific conditions. Potential users should exercise caution and conduct thorough testing on demo accounts before committing real funds.

Useful Tips for Potential Users

1. Proper Setup: Ensure the GMT parameter is correctly set to align with your broker’s time zone while the market is open.

2. Testing: Conduct extensive backtesting and forward testing on demo accounts to evaluate the system’s performance under different market conditions.

3. Community Support: Engage with the Molecule AI MT5 community on Telegram and other forums to share experiences and gain insights.

4. Stay Updated: Regularly check for updates and improvements to the system to leverage the latest algorithm enhancements.

5. Observe Results: Monitor trading results on platforms like Forexroboteasy.com or download example code on easytradingforum.com.

Conclusion

The Molecule AI MT5 trading system presents an intriguing option for automated trading enthusiasts. However, its mixed user reviews highlight the importance of cautious and thorough testing. By following the setup guidelines and leveraging community support, potential users can maximize their chances of success with this trading system.