Razor MT5

Overview of Razor MT5

Razor MT5 is a fully automated trading system designed for the MetaTrader 5 platform. This expert advisor (EA) is known for its robust features, drawdown protection, and fixed stop-loss (SL) mechanisms. Unlike many other trading systems, Razor MT5 does not rely on grid, martingale, artificial intelligence, or neural networks. It is a multi-currency strategy that operates on a single chart, primarily optimized for the AUDCAD, AUDNZD, and NZDCAD currency pairs.

Key Features

• Fully Automated System
• Drawdown Protection
• Fixed Stop-Loss (SL)
• Multi-Currency Strategy
• Market Mean Reversion
• FOMC/NonFarm Strong News Filter (SNF)
• Adaptive to Large Spreads
• Open Parameters for Customization

Trading Strategy

Razor MT5 employs a market mean reversion strategy, making it highly reliable for long-term trading. The system has a common stop-loss for all trades and allows for up to six additional trades during a drawdown to maximize profits. The algorithm is capable of adapting to various broker conditions in real-time, thanks to its Adaptive Broker Real-Time (ABRT) mechanism. For those with weaker PCs, the 1OHLC mode offers a quicker, albeit less accurate, check.

Customization and Optimization

One of the standout features of Razor MT5 is its open parameters, allowing traders to optimize and create their own settings for different currency pairs, including gold. The system is equipped with a Market Volatility Filter to ensure accurate market entries. For those interested in prop trading, Razor MT5 offers special settings to comply with PropFirms and FTMO requirements.

Recommendations

• Use a good RAW/Pro/ECN broker to minimize spread and slippage.
• Utilize a VPS for 24/7 operation to ensure the system reads all broker indicators continuously.
• Adaptive lot size calculation is recommended, but be cautious with low leverage accounts.

Pricing and Availability

Razor MT5 is available for purchase at $815, with only a few copies left at this price. The next price tier is set at $1675. The system also offers signals, guides, commission refunds, and updates through the author's blog.

User Experience

User reviews indicate a high level of satisfaction with Razor MT5, particularly praising its reliability and profit consistency. The system has been backtested over 20 years with real quotes, showcasing its robustness and long-term profitability.

Conclusion

Razor MT5 stands out as a reliable and customizable trading system for serious traders. Its adaptive features, combined with a strong focus on drawdown protection and fixed stop-loss, make it a compelling choice for those looking to achieve consistent profits in the Forex market. With its multi-currency strategy and market mean reversion approach, Razor MT5 is designed to bring home the bacon month after month. 🥓📈