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Multi-Pair Scalping EA | 6.42/10 Rating | M5 Timeframe
Idol, developed by Evgeniy Zhdan (TrendHunter), is a trend scalping Expert Advisor designed for MetaTrader 4 platform. This EA determines buy and sell zones by calculating price consolidation and probability of price movement in trend direction. It uses ATR indicator with Fibonacci levels, trailing stop functionality, and optional trade closure on trend change. The EA does not use dangerous trading methods and is recommended for USDJPY, EURGBP, EURUSD, GBPJPY, GBPUSD, and EURJPY on M5 timeframe.
The EA analyzes market conditions to identify optimal entry and exit points using advanced algorithms that calculate price consolidation zones. It features comprehensive settings for accuracy control, lot sizing, risk management, and trailing stop functionality. The system is designed for stable operation with VPS recommended for continuous trading.
Based on our comprehensive analysis of Idol, here's what our AI system found and what it means for you:
What this means: The EA shows moderate accuracy in trade execution. At 73%, it's below the 80% threshold we consider good, indicating that while the trend scalping strategy with ATR and Fibonacci levels can identify trading opportunities, the accuracy is not exceptional. This suggests traders should exercise caution and understand that not all trades will be winners.
What this means: With a profitability score of 6/10, this EA shows moderate profit potential. This score indicates the trend scalping strategy may generate profits, but the high price point ($1,999) relative to the profitability rating suggests traders should carefully evaluate the return on investment. The limited number of reviews (only 1) makes it difficult to assess real-world performance.
What this means: Good speed rating indicates efficient execution for M5 scalping. The EA processes market data quickly to identify trend scalping opportunities and execute trades promptly. This is important for scalping strategies where timing is critical.
What this means: Moderate reliability score suggests the EA may have stability concerns. With only 1 review on MQL5, there's insufficient data to confirm consistent performance. The conservative rating reflects the lack of community feedback and real-world testing data. Traders should be cautious and consider testing thoroughly before committing significant capital.
Our AI analysis provides a cautious recommendation for Idol. With moderate accuracy (73%), moderate profitability (6/10), and limited reliability data (5/10), this EA requires careful consideration. The very high price ($1,999) combined with only 1 review makes it difficult to assess value. While the EA uses safe trading methods (no grid/martingale) and has good speed (8/10), the lack of community feedback and limited performance data suggests traders should proceed with caution.
Best suited for: Experienced traders who understand trend scalping strategies and are willing to test extensively before committing significant capital. The EA's multi-pair approach and safe trading methods may appeal to traders looking for a conservative scalping solution, but the high price and limited reviews are significant concerns.
Consider this EA if: You want a trend scalping EA for multiple currency pairs on M5 timeframe, prefer safe trading methods without dangerous systems, and are comfortable with the high price point despite limited community feedback. However, we recommend exploring other options with more reviews and proven track records, or waiting for more community feedback before making a purchase decision. For more options, check out our complete list of AI-rated forex tools.
Advanced trend scalping strategy that determines buy and sell zones by calculating price consolidation and probability of price movement in trend direction. Designed for MetaTrader 4 platform with multi-pair support for major currency pairs.
Uses ATR (Average True Range) indicator with Fibonacci levels to identify optimal entry and exit points. The EA calculates price consolidation zones and determines the probability of price movement in the trend direction for high-confidence signals.
Does not use dangerous trading methods like grid or martingale systems. Features traditional stop loss and take profit, plus trailing stop functionality and optional trade closure on trend change, making it suitable for MT4 Expert Advisor applications requiring conservative risk management.
Recommended for multiple currency pairs including USDJPY, EURGBP, EURUSD, GBPJPY, GBPUSD, and EURJPY on M5 timeframe. The EA can be installed on multiple charts simultaneously, allowing diversified trading across different pairs.
Extensive customization options including accuracy control (0-100), lot sizing, trailing stop parameters, ATR periods, Fibonacci levels, max spread/slippage controls, and optional trade closure on opposite trend lines for flexible trading configurations.
Advanced trailing stop functionality that protects profits as trades move in favorable direction. Configurable trailing stop start, step, and distance parameters allow traders to optimize profit protection based on their risk preferences and trading style.
Idol uses sophisticated algorithms to calculate price consolidation zones and determine the probability of price movement in trend direction. The combination of ATR indicator with Fibonacci levels provides a comprehensive approach to identifying optimal entry and exit points for trend scalping strategies.
Our analysis confirms the good speed rating of 8/10, with this Expert Advisor executing trades efficiently for M5 scalping. The EA processes market data quickly to identify trend scalping opportunities and execute trades promptly, which is essential for scalping strategies where timing is critical.
Idol does not use dangerous trading methods like grid or martingale systems. It features traditional stop loss and take profit, plus trailing stop functionality and optional trade closure on trend change. This conservative approach makes it suitable for traders who prefer safe trading methods without high-risk strategies.
Idol Configuration:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase or contact the developer through the support channel.
Idol is available for purchase on the official MQL5 marketplace for $1,999 USD (or $1,799 USD/year rental). The purchase includes support through the TrendHunter channel, comprehensive documentation, and setup instructions.
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Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
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🏠 Explore All AI-Rated Forex ToolsThe single review gives Idol a perfect 5.0/5 rating, though this is statistically insignificant with only 1 review. The rating suggests the reviewer had a positive experience.
The EA does not use dangerous trading methods like grid or martingale systems, which is a positive aspect for risk-conscious traders.
The EA supports multiple currency pairs (USDJPY, EURGBP, EURUSD, GBPJPY, GBPUSD, EURJPY) allowing for diversified trading across different instruments.
With only 1 review, there is insufficient data to assess real-world performance, reliability, and long-term stability. The perfect rating cannot be considered statistically significant.
At $1,999 USD (or $1,799/year rental), the price is very high relative to the limited community feedback and performance data available. Traders should carefully evaluate the return on investment.
The lack of community feedback makes it difficult to assess support quality, update frequency, and real-world trading performance. Traders should proceed with caution and consider extensive testing before committing significant capital.
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Idol is priced at $1,999 USD (or $1,799 USD/year rental) on the official MQL5 marketplace. You can download and purchase Idol from the MQL5 product page. There's also a free demo version available for testing before purchase.
Idol is recommended for USDJPY, EURGBP, EURUSD, GBPJPY, GBPUSD, and EURJPY on M5 (5 minute) timeframe. The EA should be installed on separate charts for each currency pair, with the appropriate pair selected in the settings for each chart.
After purchasing Idol from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder. Open 6 charts of the recommended trading instruments, transfer each to M5 timeframe, and install the EA on each chart. Select the appropriate trading pair in the settings for each chart and enable Expert Advisors in the terminal. Use default settings for optimal performance.
While not strictly required, using a VPS (Virtual Private Server) is highly recommended for stable operation and continuous trading. A VPS ensures 24/7 operation, stable internet connection, and minimal latency, which are crucial for M5 scalping strategies.
Idol includes comprehensive settings including Accuracy of transactions (0-100), lot sizing, Take Profit, Stop Loss, trailing stop parameters (start, step, distance), ATR periods, Fibonacci levels, max spread/slippage controls, and optional trade closure on opposite trend lines. The developer recommends using default settings for optimal performance.
Idol's trend scalping strategy determines buy and sell zones by calculating price consolidation and the probability of price movement in trend direction. It uses ATR indicator with Fibonacci levels to identify optimal entry and exit points, with trailing stop functionality to protect profits.
No, Idol does not use dangerous trading methods. It features traditional stop loss and take profit, plus trailing stop functionality and optional trade closure on trend change. This makes it suitable for traders who prefer safe trading approaches without high-risk strategies.
The developer Evgeniy Zhdan (TrendHunter) provides support through the MQL5 channel (https://www.mql5.com/en/channels/TrendHunter). Support includes guidance on installation, configuration, and setup instructions. However, with only 1 review, community feedback on support quality is limited.