Product Overview
Bober Lannister EA MT5 is a fully automated night scalping Expert Advisor for MetaTrader 5, designed to trade selected Forex pairs during extended low-activity market sessions.
According to the supplied product information, the EA has been developed and used for more than three years, with live trading results reported for approximately 1.5 years. Its main concept is to trade across a broader night-session window rather than focusing only on a short period around the daily rollover.
The system is designed to operate automatically after configuration, allowing traders to select predefined settings or apply customized live trading sets.
Unlike many short-session scalpers that concentrate on a narrow one-hour window, Bober Lannister is designed to monitor a wider 3–6 hour night trading period, depending on the selected configuration.
The EA does not use Martingale, according to the supplied specifications, and includes a configurable maximum drawdown protection designed to close positions when a predefined drawdown level is reached.
About the Developer
• Author: Arnold Bobrinskii.
• Experience: Over +11 years of experience on MQL5.
• Notable Products: Bober Lannister MT5, Bober Crypto MT5, Bober Real MT5 and other advisors.
• Flagship Product: Bober Lannister 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 of Bober Lannister EA MT5
Automated Night Scalping
Bober Lannister EA MT5 is designed specifically for automated trading during selected night-time market sessions.
The EA can operate for approximately 3–6 hours per day, depending on the configured trading schedule and selected currency pair.
This differs from systems that concentrate exclusively on the short rollover period around 23:00–24:00, where spreads and swap-related market conditions can change significantly.
Fully Automated Trading
Once the EA has been configured and attached to MetaTrader 5, it can analyze the market and execute trades automatically.
The system is designed for traders who prefer a hands-off approach rather than manually monitoring every position.
However, automated trading should still be monitored periodically to ensure that broker conditions, settings, and account performance remain appropriate.
Multi-Pair Support
Bober Lannister EA MT5 can be used with multiple Forex pairs when the appropriate settings are applied.
The supplied recommended pairs include:
- EURCHF
- GBPUSD
- EURNZD
- CHFJPY
- EURAUD
Other currency pairs may also be used with suitable configurations or live sets.
Because each currency pair has different volatility, spread, liquidity, and trading characteristics, settings should be evaluated individually.
Portfolio Mode
The Portfolio mode provides a convenient way to configure several supported currency pairs simultaneously.
According to the supplied information, the currencies and inputs are already adjusted in this mode, allowing users to select the portfolio configuration and start testing without manually configuring every pair.
GBPUSD Beast Mode
The GBPUSD Beast mode is designed as a predefined configuration specifically for GBPUSD.
It provides a one-click setup with the relevant currency and parameters already configured.
Custom Setup Mode
The Custom Setup mode allows users to control the EA through the available input parameters.
This mode is particularly useful when applying the recommended live sets or creating an individualized trading configuration.
How Does Bober Lannister MT5 Work?
Bober Lannister EA MT5 is designed around automated night-session Forex trading.
The general process can be summarized as:
Market Monitoring → Night-Session Filter → Signal Detection → Trade Entry → Position Management → Drawdown Control → Exit
The EA monitors the selected currency pair during the configured trading period.
Depending on the selected mode and settings, it can use either Market Orders or Limit Orders.
The system can also be configured to trade:
- Both directions
- Long only
- Short only
Position sizing can be based on either a fixed lot or a floating/percentage-based calculation, providing flexibility for different account sizes.
The EA also includes a MaxDD mechanism. If the configured maximum drawdown level is reached, the system can close all relevant positions and temporarily stop opening new trades.
A configurable WaitHours period can then determine how long the EA waits before resuming new trading activity.
Key Trading Settings
Bober Lannister EA MT5 provides a range of settings for controlling its trading behavior.
Direction
Users can select:
- Both
- Only Long
- Only Short
This allows the strategy to be restricted to a specific trade direction when required.
Order Type
The EA supports:
- Market Orders
- Limit Orders
The appropriate choice depends on the selected strategy configuration.
Magic Number
The Magic Number is used to identify the EA's positions and distinguish them from trades opened by other Expert Advisors or manually.
Lot Calculation
The EA provides two primary position-sizing approaches:
Fixed Lot – Uses a predefined lot size for trades.
Float Lot – Calculates the trading size based on the configured percentage or floating lot value.
Range
The Range parameter controls the custom indicator period used by the strategy.
Time Filter
The TimeFilter can be enabled or disabled to control when the EA is permitted to open trades.
Users can specify:
- Start Hour
- Start Minute
- End Hour
- End Minute
This provides flexibility for defining the exact trading window.
Maximum Drawdown Protection
The MaxDD setting is designed to protect the account by closing positions when the configured maximum drawdown threshold is reached.
Waiting Period After MaxDD
After the MaxDD condition is triggered, WaitHours determines how long the EA waits before opening new positions.
Friday Trading
The Friday setting can be enabled or disabled.
Keeping the setting disabled can prevent the EA from opening trades during the weekend transition.
Why Choose Bober Lannister MT5?
Bober Lannister EA MT5 may be suitable for traders interested in automated night scalping without Martingale-based position management.
Potential advantages include:
- Fully automated Forex trading
- Designed for night-session scalping
- 3–6 hour trading window
- Multiple supported currency pairs
- Portfolio mode
- GBPUSD-specific preset
- Custom Setup mode
- Fixed and floating lot options
- Market and Limit order support
- Long-only and Short-only options
- Maximum drawdown protection
- Configurable waiting period after MaxDD
- User-friendly settings
- No Martingale according to the supplied specifications
- Free live sets for customers
- Minimum stated deposit of $100
- Compatible with different brokers
The ability to configure multiple currency pairs through portfolio or custom settings gives traders flexibility when building a broader night-session trading setup.
Bober Lannister EA MT5 Performance Review
🔴 Live Trading Results (Myfxbook)
- Deposit: $257
- Total Gain: +1457.47%
- Monthly Growth: 53.09%
- Max Drawdown: 62.09%
🔴 Live Account
- Initial Deposit: $255.93
- Total Gain: +1000% (94 weeks)
- Win Rate: 65.6%
- Max Drawdown: 34%
🔴 Backtest Results (EURCHF M5, 2017–2021)
- Initial Deposit: $10,000 → Total Profit: $1.9M
- Balance Drawdown: 22.23%
- Equity Drawdown: 25.12%
- Profit Factor: 1.58
- Trades: 4,953
🔺 EURCHF (2017 – 2021)
- Initial Deposit: $500
- Total Net Profit: $12,98M
- Trading Symbol: EURCHF
- Timeframe: M5 (5-minute)
🔺 EURCHF (2017 – 2021)
- Initial Deposit: $10,000
- Total Net Profit: $1,9M
- Trading Symbol: EURCHF
- Timeframe: M5 (5-minute)
Performance and Risk Management
Bober Lannister EA MT5 is designed around automated night-session trading, where market liquidity and volatility can differ from the main European and US trading sessions.
The supplied product information reports approximately 1.5 years of live results and more than three years of overall development/use. These figures should be considered historical information rather than a guarantee of future performance.
No Martingale
One of the stated characteristics of Bober Lannister is that it does not use Martingale.
This means the system is not described as automatically increasing lot sizes according to a Martingale recovery sequence.
Nevertheless, avoiding Martingale does not eliminate the possibility of losses.
Maximum Drawdown Protection
The MaxDD function is an important risk-control feature.
When the configured drawdown threshold is reached, the EA can close all positions and stop opening new trades for a predefined waiting period.
This can help limit continued exposure after a sequence of unfavorable trades.
Position Sizing
Users can select between fixed and floating lot calculations.
For live trading, position size should be selected according to account balance, leverage, drawdown tolerance, and the volatility of the chosen currency pair.
Broker Costs
Night scalping can be particularly sensitive to trading costs.
Spread and commission can have a meaningful effect on short-term strategies because individual trade targets may be relatively small.
The supplied information states that the EA is not broker-sensitive, but also recommends choosing a broker with lower spread and commission where possible.
Weaknesses and Risk Warnings
Night-Session Market Conditions
Trading during quieter market periods can involve lower liquidity and different spread conditions compared with major market sessions.
These conditions can affect entry and exit execution.
Spread and Commission
Scalping strategies can be sensitive to transaction costs.
A broker with wider spreads or higher commissions may produce materially different results from a low-cost trading environment.
Currency-Pair Differences
EURCHF, GBPUSD, EURNZD, CHFJPY, and EURAUD can behave differently depending on market conditions.
A configuration that performs well on one pair should not automatically be assumed to produce the same results on another.
Maximum Drawdown Is Not a Guarantee
The MaxDD function is a risk-control mechanism, but it cannot guarantee that actual losses will always remain exactly at the configured level.
Fast markets, slippage, gaps, and execution conditions can cause actual closing prices to differ from expected levels.
Weekend Risk
Forex market conditions can change significantly around the weekend.
Users should carefully review the Friday trading setting and understand how their broker handles positions held over the weekend.
Historical Results
The reported live trading history and backtest results are historical data.
Past performance does not guarantee future results, and changes in volatility, liquidity, broker conditions, and market structure can affect future EA performance.
Pros and Cons
| Pros | Cons |
|---|---|
| Fully automated MT5 trading | Night trading can have lower liquidity |
| Designed for 3–6 hour night sessions | Spread can become important during quiet periods |
| Multiple Forex pairs supported | Each pair requires appropriate testing |
| Portfolio mode | Multi-pair exposure can increase overall risk |
| GBPUSD preset | GBPUSD can experience significant volatility |
| Custom Setup mode | Requires correct configuration |
| No Martingale according to supplied specifications | No strategy is free from trading losses |
| Fixed and floating lot options | Incorrect position sizing can increase drawdown |
| Market and Limit orders | Execution can vary between brokers |
| MaxDD protection | Slippage can affect actual drawdown |
| WaitHours recovery pause | Does not eliminate market risk |
| Free live sets available | Live sets may need adjustment as conditions change |
| User-friendly settings | Periodic monitoring is still recommended |
Recommended Trading Setup
| Parameter | Specification |
|---|---|
| EA | Bober Lannister MT5 |
| Strategy | Automated Night Scalping |
| Platform | MetaTrader 5 |
| Recommended Pairs | EURCHF, GBPUSD, EURNZD, CHFJPY, EURAUD |
| Other Pairs | Supported with suitable sets |
| Trading Window | Approximately 3–6 hours per day |
| Minimum Deposit | $100 |
| Recommended Leverage | 1:30, 1:100, or 1:500 |
| Broker | User's preferred trusted broker |
| Preferred Conditions | Lower spread and commission |
| Martingale | No, according to supplied specifications |
| Lot Calculation | Fixed / Floating |
| Order Types | Market / Limit |
| Direction | Both / Long Only / Short Only |
| MaxDD Protection | Available |
| Post-MaxDD Pause | WaitHours |
| Portfolio Mode | Available |
| Custom Setup | Available |
Leverage settings should be selected carefully. Higher leverage does not make the strategy safer; it increases the amount of market exposure that can be controlled relative to available margin.
How to Install Bober Lannister MT5
Install the Expert Advisor
Open MetaTrader 5 and select:
File → Open Data Folder → MQL5 → Experts
Copy the Bober Lannister MT5 EA file into the Experts folder.
Restart MetaTrader 5 or refresh the Expert Advisors section in the Navigator.
Select the Trading Pair
Open one of the supported currency pairs, such as:
EURCHF, GBPUSD, EURNZD, CHFJPY, or EURAUD
If you want to trade multiple pairs simultaneously, use the Portfolio mode where appropriate.
Attach the EA
Find Bober Lannister MT5 in:
Navigator → Expert Advisors
Drag the EA onto the selected chart and enable Algo Trading.
Select the Trading Mode
Choose between:
Portfolio – for the predefined multi-pair configuration.
GBPUSD Beast – for the predefined GBPUSD configuration.
Custom Setup – for manually configured settings and live sets.
Configure Risk Parameters
Review the following settings before starting:
- Direction
- Order Type
- Magic Number
- Lot calculation
- Fixed Lot
- Lot Percent
- Range
- TimeFilter
- Start Hour / Minute
- End Hour / Minute
- MaxDD
- WaitHours
- Friday
Use conservative position sizing during initial testing.
Backtest the EA
For the supplied backtest procedure:
- Open a MetaQuotes Demo account.
- Open the MT5 Strategy Tester.
- Select Every tick based on real ticks.
- Test from January 1, 2017 to the current date.
- Select the appropriate EA mode.
- Start the test and review the results.
For live evaluation, also run the EA on a Demo account using your intended broker's actual spread and commission conditions.
Real User Reviews and Feedback
🔻Bober Lannister EA MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:
What’s Included in the Download Package?
- Setting (If Any).docx
- Installation Guide.docx
Final Thoughts
Bober Lannister EA MT5 is a fully automated night scalping Expert Advisor for MetaTrader 5, designed to trade selected Forex pairs during a broader night-session window rather than focusing exclusively on the daily rollover period.
The EA supports Portfolio, GBPUSD Beast, and Custom Setup modes, together with fixed or floating lot calculations, Market or Limit orders, directional controls, trading-time filters, and a configurable MaxDD protection system.
Another notable feature is the stated absence of Martingale, while the EA still provides configurable drawdown protection and a waiting period after the maximum drawdown threshold has been reached.
The system may be of interest to traders looking for automated night-session Forex trading across pairs such as EURCHF, GBPUSD, EURNZD, CHFJPY, and EURAUD. However, night scalping remains sensitive to spread, commission, liquidity, execution quality, and market conditions.
The reported live history and long-term testing provide historical information about the EA's development and past behavior, but they should not be interpreted as guarantees of future performance.
Before using Bober Lannister EA MT5 with real funds, traders should perform their own Strategy Tester and Demo testing, verify broker-specific execution conditions, and select position sizes that are appropriate for their account and risk tolerance.
