Iron Trader MT5 (Official version) | GroupBuy

What is Iron Trader MT5?

Iron Trader MT5 is a versatile professional Expert Advisor (EA) designed for MetaTrader 5, combining scalping strategies with a dynamic order grid system. It utilizes advanced virtual trade management technology to optimize execution quality, risk control, and compatibility with brokers.

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About the Developer

• Author: Volodymyr Hrybachov
• Experience: Over +11 years of experience on MQL5.
• Notable Products: Iron Trader MT5,Kraken MT4, Walking Pips MT5, Hamster Grid MT5, Ultimate Scalping MT5, Universal MT5, Trading King Extended MT5, Octopus MT5, Hamster MT5 and other advisors.
• Flagship Product: Iron Trader MT5 is rated as the best performing product of the year.

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Iron Trader MT5 Overview

Main Features of Iron Trader MT5

• Universal Trading Advisor: Functions as both a scalper and a dynamic order grid system, adapting to various market conditions.
• Invisible Trade Levels: Applies stop orders, stop loss, take profit, and trailing stop virtually, hidden from the broker.
• ATR-Based Level Calculation: Trade levels can be defined in pips or as a percentage of market volatility using ATR.
• Dynamic First Order Entry: Opens the first trade automatically when price reaches a calculated distance from Bid/Ask.
• Advanced Grid Logic: Places grid orders based on minimum price movement and grid step parameters.
• Broker Execution Protection: Includes built-in protection against slippage and spread expansion.

Additional Features  

• Smart Money Management: Automatically calculates starting lot size based on account balance and predefined risk parameters.
• Dynamic Lot Scaling: Increases lot size progressively using a configurable multiplier after a specified number of orders.
• Time-Based Trading Control: Allows trading only during specified hours to avoid low-liquidity sessions.
• FIFO Compliance: Fully compatible with American brokers and FIFO trading rules.
• Execution Quality Monitoring: Displays real-time statistics on order execution, profits, open trades, and total lot size.
• ATR-Driven Risk Control: Stop loss, take profit, and trailing stop can dynamically adjust using ATR values.
• Custom Trade Identification: Uses a unique magic number for precise order tracking and management.

Why Choose Iron Trader MT5?

• Broker-Friendly Design: Uses virtual stops to reduce broker interference and improve execution reliability.
• Flexible Risk Management: Suitable for both conservative and aggressive traders through customizable money management.
• Market-Adaptive Strategy: Adjusts trade levels automatically based on price volatility and market movement.
• High Scalping Precision: Timer-based level modification ensures optimal entry accuracy.
• Transparent Performance Tracking: On-chart display provides clear insights into open positions and profitability.
• Wide Broker Compatibility: Works smoothly with any MT5 broker, including those with strict trading rules.
• Fully Automated Trading: Eliminates emotional trading by executing a rule-based, disciplined strategy.

Iron Trader MT5 Backtest Results

🔺GBPUSD pair  – 6 months

• Initial Deposit: $10,000
• Total Net Profit: $17,725.36
• Win Rate (% of total): 80%
• Maximum Drawdown: 28.46%

Iron Trader MT5 Backtests

What’s Included in the Download Package?

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

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Conclusion

In summary, Iron Trader MT5 is a powerful and flexible Expert Advisor for MetaTrader 5 that successfully combines high-precision scalping with a dynamic grid trading system. By using virtual trade management, ATR-based risk control, and smart money management, it delivers reliable execution while minimizing broker interference. With strong customization options, FIFO compliance, and full automation, Iron Trader MT5 is well suited for traders seeking a broker-friendly, market-adaptive, and performance-focused automated trading solution.

>>> Reviewed by Jason Stap <<<