Madness EA MT5 (Official version) | Unbounded

Product Overview

Madness EA MT5 is a fully automated Expert Advisor for MetaTrader 5 that combines Quant Data analysis, multicurrency trading, and trend-following techniques to identify and manage trading opportunities across multiple currency pairs.

The EA is designed to automatically adapt its trading behavior to changing market volatility. Rather than relying on a single fixed market condition, Madness EA MT5 dynamically adjusts its approach according to the current volatility environment.

Although the EA manages multiple currency pairs, it is operated from a single AUDCAD Daily (D1) chart. This makes the setup relatively simple while allowing the Expert Advisor to manage its multicurrency strategy internally.

Madness EA MT5 also features automatic lot-size adjustment based on the account deposit and uses a progressive money-management curve, allowing position sizing to increase as account equity or balance grows.

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About the Developer

• Author: Ignacio Agustin Mene Franco
• Experience: Over +3 years of experience on MQL5.
• Notable Products:Heiken Ashi Scalper XAU EA MT5 ,Quantum Sniper XAU EA MT5, Flamberg Xau EA MT5, Level Hard Xauusd,  Power Fusion Xauusd, Level Slow Xauusd EA MT4, Ichimoku Scalper Gold, Danesha Xauusd and other advisors.
• Flagship Product: Heiken Ashi Scalper XAU EA MT5 is rated as the best performing product of the year.

>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

>>Reviewed by Jason Stap <<

Key Features

Quant Data-Based Trading

Madness EA MT5 incorporates quantitative market data into its trading logic, helping the system evaluate market conditions and identify potential opportunities.

Multicurrency Trading

The EA is specifically designed as a multicurrency Expert Advisor. It does not operate as a single-pair system even though it is attached to an AUDCAD D1 chart.

Trend Following

The strategy uses trend-following techniques to participate in market movements when suitable directional conditions are detected.

Automatic Volatility Adjustment

One of the key characteristics of Madness EA MT5 is its ability to automatically adjust to changing market volatility.

This allows the Expert Advisor to adapt its trading behavior rather than relying entirely on static parameters.

Automatic Lot Sizing

The EA automatically calculates its lot size according to the available account deposit.

This allows position sizes to scale as the account grows, while the money-management settings provide additional control over the level of exposure.

Progressive Money Management

Madness EA MT5 uses a progressive curve, meaning position sizing can increase as the account balance or equity increases.

This is similar to a compounding approach where trading exposure grows alongside account growth.

Adjustable Risk Level

Risk can be adjusted directly from the EA’s Money Management input settings.

According to the developer, a higher number entered in the relevant money-management parameter corresponds to lower risk.

Traders should therefore understand the exact relationship between the selected value and position sizing before using the EA on a live account.

Prefix and Postfix Support

Madness EA MT5 can accommodate brokers that use non-standard symbol names.

For example:

• AUDCADm
• a.AUDCAD
• Other broker-specific prefixes or postfixes

The required prefix and postfix can be entered manually in the EA’s input parameters.

How Does Madness EA MT5 Work?

Madness EA MT5 combines quantitative data analysis, trend-following logic, multicurrency trading, volatility adaptation, and automated money management.

The general process works as follows:

1. The EA is attached to an AUDCAD D1 chart.
2. The Expert Advisor initializes its multicurrency trading system.
3. Quantitative market data is analyzed to evaluate trading conditions.
4. Trend-following logic searches for suitable directional opportunities.
5. The system evaluates current market volatility.
6. Position sizing is automatically calculated according to the account and selected money-management settings.
7. Trades are managed automatically according to the EA’s internal strategy.
8. As the account changes, the progressive money-management curve can adjust trading exposure accordingly.

The user does not need to attach the EA individually to every currency pair managed by the system. The multicurrency architecture is controlled from the main AUDCAD D1 chart.

Why Choose Madness EA MT5?

Multicurrency Architecture

Madness EA MT5 is designed from the beginning as a multicurrency trading system, providing exposure to multiple currency markets rather than relying on a single instrument.

Volatility Adaptation

The EA automatically adjusts to market volatility, which can help the strategy respond to changing market environments.

Automated Money Management

Position sizing is handled automatically according to the account and selected risk configuration, reducing the need for manual lot calculations.

Progressive Account Scaling

The progressive curve allows the trading size to adapt as the account grows, supporting a compounding-style money-management approach.

Simple Main Chart Setup

Despite being a multicurrency EA, the primary installation is straightforward: run the Expert Advisor on AUDCAD D1.

Broker Symbol Compatibility

Prefix and postfix settings make it possible to configure the EA for brokers that use customized symbol names.

Trend-Following Approach

The system focuses on identifying directional market movements rather than relying exclusively on short-term price fluctuations.

Madness EA MT5 Backtest Results

🔺XAUUSD (Gold) – 3Year

• Initial Deposit: $500
• Total Net Profit: $37.065.91
• Win Rate (% of total): 53.37%
• Maximum Drawdown: 9.95%

Madness EA MT5 Backtest Trading Results

Performance and Risk Management

Madness EA MT5 includes configurable money-management controls that allow traders to adjust the level of trading exposure.

The EA automatically adjusts its lot size according to the account deposit and uses a progressive curve.

Risk Configuration

The money-management inputs include a risk-level parameter. According to the developer:

A higher value entered in the relevant money-management setting means lower trading risk.

Because different EAs implement money-management parameters differently, traders should verify the relationship between the selected value and actual lot size through backtesting or demo trading before going live.

Recommended Capital

The stated minimum deposit is:

$500

However, the developer recommends:

$1,000 or more

A larger account can provide more flexibility in managing position sizes and drawdowns.

Leverage

Minimum recommended environment:

1:50 leverage

Preferred:

1:100 leverage or higher

Higher leverage does not make a strategy safer. It simply provides greater flexibility in margin requirements and can also increase the potential for excessive exposure if position sizing is not controlled properly.

Hedging Account

Madness EA MT5 requires a Hedging account.

Traders should confirm that their MT5 broker provides a hedging account before purchasing or deploying the EA.

Backtesting Madness EA MT5

Because Madness EA MT5 is a multicurrency Expert Advisor, backtesting requires additional preparation compared with a conventional single-pair EA.

Recommended Backtest Setup

Use:

• Symbol: AUDCAD
• Timeframe: D1
• EA: Madness EA MT5

After pressing the Start button in the MT5 Strategy Tester, allow the terminal several minutes to download the historical data required for the multicurrency system.

The initial test may take longer because the Expert Advisor needs historical data for the additional instruments it analyzes and trades.

Faster Testing with M1 OHLC

For faster testing, the developer recommends using:

M1 OHLC

This can significantly reduce testing time compared with more detailed tick-based modeling.

However, traders should still validate important configurations using appropriate high-quality historical data before making conclusions about live performance.

Important Profit Display Warning

When evaluating Madness EA MT5 backtests, do not use the “Profit in Pips” function.

According to the developer, this calculation is incorrect for the multicurrency strategy.

Instead, evaluate performance using:

Profit in Money

This is particularly important when multiple currency pairs are being traded because pip-based aggregation may not accurately represent the overall monetary result.

Weaknesses and Risk Warnings

Madness EA MT5 is an automated trading system and therefore carries the normal risks associated with algorithmic Forex trading.

Multicurrency Exposure

Because the EA can trade multiple currency pairs simultaneously, total exposure may be significantly higher than what is visible from the AUDCAD chart alone.

Progressive Money Management Risk

The progressive curve can increase position sizes as the account grows. While this can amplify gains during favorable periods, it can also increase monetary losses during unfavorable periods.

Volatility Risk

Although the EA is designed to adapt to volatility, no volatility-adjustment mechanism can guarantee correct positioning under every market condition.

Unexpected news, market gaps, liquidity changes, or extreme volatility can produce results that differ significantly from historical tests.

Leverage Risk

Using leverage of 1:100 or higher can increase the amount of market exposure available relative to account capital. Traders should avoid assuming that higher leverage automatically means better performance.

Hedging Account Requirement

The EA is designed for Hedging accounts. It may not operate correctly on brokers or account types that use the Netting model.

Broker Symbol Configuration

Brokers using custom symbols such as AUDCADm or a.AUDCAD may require manual prefix/postfix configuration.

Incorrect symbol configuration can prevent the multicurrency system from functioning correctly.

Backtest Limitations

Backtest results are historical simulations and do not guarantee future performance.

Live trading can differ because of:

• Spread
• Slippage
• Commission
• Swap
• Execution speed
• Liquidity
• Broker conditions
• Market volatility
• Available historical data

No Guaranteed Profit

Madness EA MT5 should not be considered a guaranteed-profit system. Any automated trading strategy can experience losing trades, drawdowns, and extended periods of underperformance.

Pros and Cons

Pros

• Fully automated MetaTrader 5 Expert Advisor
• Multicurrency trading architecture
• Quantitative data-based approach
• Trend-following strategy
• Automatic volatility adaptation
• Automatic lot-size calculation
• Progressive money-management curve
• Adjustable risk settings
• Supports broker symbol prefixes and postfixes
• Operated from a single AUDCAD D1 chart
• Suitable for automated portfolio-style trading
• M1 OHLC can be used for faster backtesting

Cons

• Requires a Hedging account
• Requires at least $500 according to the developer
• $1,000+ is recommended
• Multicurrency backtesting can take longer
• Requires historical data for multiple instruments
• Progressive position sizing can increase exposure
• Higher leverage can amplify losses
• Profit-in-pips testing should not be used
• Backtest results cannot guarantee future performance
• Broker execution and trading conditions can affect live results

How to Install Madness EA MT5

Step 1: Install the Expert Advisor

Copy the Madness EA MT5 file into the appropriate:

MetaTrader 5 → MQL5 → Experts

folder.

Restart MetaTrader 5 or refresh the Expert Advisors section in the Navigator.

Step 2: Open the Correct Chart

Open:

AUDCAD → D1

This is the required main chart for the EA.

Step 3: Attach the EA

Drag Madness EA MT5 onto the AUDCAD Daily chart.

Make sure automated trading is enabled in MetaTrader 5.

Step 4: Configure Money Management

Open the EA’s input parameters and configure the money-management settings according to your preferred risk level.

Remember that, according to the developer, a higher value in the relevant risk parameter means lower risk.

Start conservatively and verify the actual position sizing on a demo account before moving to live trading.

Step 5: Configure Prefix and Postfix

If your broker uses a customized symbol name, enter the required prefix and postfix in the EA settings.

Examples include:

• AUDCADm
• a.AUDCAD

Use the exact symbol format provided by your broker.

Step 6: Verify the Account Type

Make sure the MT5 account is a Hedging account.

Step 7: Allow Historical Data to Load

For backtesting or initial operation, give MT5 sufficient time to download historical data for the multicurrency instruments used by the EA.

Step 8: Forward Test

Before using real funds, run the EA on a demo account and monitor:

• Lot sizes
• Margin usage
• Drawdown
• Number of open positions
• Multicurrency exposure
• Execution behavior

What’s Included in the Download Package?

• Setting (If Any).docx
• Installation Guide.docx

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Final Thoughts

Madness EA MT5 is a multicurrency Expert Advisor built around quantitative data, trend-following techniques, adaptive volatility management, and progressive money management.

Its distinctive feature is the ability to manage multiple currency pairs while being operated from a single AUDCAD D1 chart. The automatic lot-sizing system and configurable money-management settings provide additional flexibility for traders with different risk preferences.

The EA is relatively simple to deploy, but its multicurrency architecture means traders should pay particular attention to historical-data availability, total portfolio exposure, leverage, and account type.

For backtesting, use AUDCAD D1, allow sufficient time for MT5 to download the required multicurrency data, and evaluate results using profit in money rather than profit in pips.

As with any automated Forex strategy, Madness EA MT5 should be tested thoroughly on a demo account before live deployment. Historical performance is not a guarantee of future results, and conservative risk management remains essential.