What is Bancomat EA MT5?
Bancomat EA MT5 is a fully automated Expert Advisor (EA) designed for the MetaTrader 5 platform, built to trade up to 20 currency pairs simultaneously using a hedging strategy. The system requires no complex configuration or optimization and focuses on controlled profits with lower maximum losses through intelligent position management.
About the Developer
- Author: Vladimir Khlystov
- Experience: Over +13 years of experience on MQL5.
- Notable Products: Bancomat EA MT5, New Smarthedge EA MT5, Expert BDT MT5, EA Hedging for MT5, Rul Hedge MT4, Hourglass EA MT4 and others.
- Flagship Product: Bancomat EA MT5 is rated as the best performing product of the year.
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Key Features of Bancomat EA MT5
- Fully Automated Trading: No complex setup or parameter optimization required before launching the EA.
- Multi-Pair Trading System: Simultaneously trades on 20 currency pairs for diversified exposure.
- Hedging Strategy: Uses transaction insurance logic to reduce deep drawdowns and balance risk.
- Adjustable Lot-Based Profitability: Profit level is controlled primarily through lot size selection.
- Equity & Profit Close Options: Allows closing trades based on total profit or account equity growth.
- Real-Time Information Panel: Displays daily profit, total profit, and current EA actions directly on the chart.
- Manual Pair Control Interface: Enable or disable individual pairs with a simple cross-button system.
Additional Features
- Profit Button Control: Instantly close current profit for a selected currency pair.
- EquityCloseProfit Function: Automatically closes all positions once a specified equity growth percentage is reached.
- SumProfitClose Option: Closes all open trades when total floating profit reaches a defined value.
- LossClose Protection: Stops trading and closes positions when total account loss reaches a preset negative threshold.
- ProfitClosePercent Trailing: Tracks profit rollback percentage before closing positions.
- Correlation Filter (K_Correlation_Open): Opens positions only when the minimum correlation coefficient is met.
- MaxOrders Limitation: Controls the maximum number of open trades per currency pair (recommended maximum: 3).
Why choose Bancomat EA MT5?
- No Optimization Needed: Designed to work efficiently with default settings right out of the box.
- Stable Hedging Logic: Reduces large drawdowns compared to traditional grid or martingale systems.
- Flexible Risk Management: Multiple built-in closing methods for profit and loss control.
- Beginner-Friendly Interface: Easy-to-use dashboard with clear action notifications.
- Expected Monthly Return: Target profit range of 7–15% per month with proper lot management.
- Low Entry Requirement: Recommended minimum deposit from $500 with 0.01 lot size.
Key Parameters Overview
- Lot: Recommended 0.01 for deposits under $500 (adjust for cent or alternative currency accounts).
- MinProfitClose: Minimum profit level required before closing positions.
- EquityCloseProfit: Closes all trades once account equity increases by a defined percentage.
- SumProfitClose: Closes all trades when total floating profit reaches a specified amount.
- LossClose: Global stop loss in deposit currency (set as negative value).
- ProfitClosePercent: Profit rollback percentage before trailing closure.
- MaxOrders: Maximum number of open trades per currency pair.
Bancomat EA MT5 Backtest Results
🔺XAUUSD (Gold) pair – 6 years (2020 – 2026)
- Initial Deposit: $1,000
- Total Net Profit: $3.45 million
- Maximum Drawdown: 29.4%

Bancomat EA MT5 Backtest

Bancomat MT5 Backtest
Real User Reviews and Feedback
🔺Bancomat EA MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:
- Jian Yu (2022.12.01): “This is a perfect EA, at least for the time being tested, hopefully it will bring good results.”
- Gustavo Yuji Igarashi (2021.02.15): “I’ve been using for few weeks only and it looks promising. So far, seems to be a good EA with reasonable risk management. If you use expecting to grow your account gradually then this option would fit for you.”
- Pavlos70 (2020.11.11): “Honestly been such a positive experience so far. I’m only 1 week in and the EA has managed to give me a 5% return so far.”
- Andrei Prokhorov (2020.11.04): “За оперативность и помощь в приобретении и установке автору 5+. Тестировал на демо-счете дает хорошие показатели.”
What’s Included in the Download Package?
- Experts:
- Setting (If Any).docx
- Installation Guide.docx
- SetFiles:
- Bancomat_3.5_Alpari.set
- Bancomat_3.5_RoboForex.set
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Conclusion
In summary, Bancomat EA MT5 is a powerful, fully automated Expert Advisor (EA) built specifically for the MetaTrader 5 platform. This multi-pair trading system can manage up to 20 currency pairs simultaneously while maintaining controlled risk through intelligent capital protection and flexible order closing functions.
With no optimization required, integrated loss control, adjustable volume-based profit, and monthly profit targets of 7-15%, Bancomat EA MT5 offers a balanced solution for traders seeking automated, stable Forex trading. Backed by robust long-term test results and positive user feedback, it stands out as a reliable MT5 hedging EA designed for steady growth and disciplined risk management.
>>> Reviewed by Jason Stap
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