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Vex Gold EA MT5 with SetFiles (Official version) | Unbounded Original price was: $999.00.Current price is: $599.00.
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AI Scalping MT5 with SetFiles (Official version) | Unbounded Original price was: $999.00.Current price is: $599.00.

Logan MT5 with SetFiles (Official version) | Unbounded

Logan MT5 is an automated XAUUSD Gold EA for MetaTrader 5, combining selective entries, ATR-based grid recovery, risk controls, and a focus on stable profits.

Original price was: $999.00.Current price is: $599.00.

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  • Unlimited Activations

You can use product with unlimited account

 

  • Instant delivery

Download link will be sent instantly after purchase

 

  • Easy to install

Pre-activated, ready to use immediately

 

  • Free Update
  • Free Install Support

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Description

Product Overview

Logan MT5 is an automated Gold Grid Expert Advisor for MetaTrader 5, designed specifically for trading XAUUSD on the M15 timeframe. Unlike conventional grid EAs that continuously open positions at fixed intervals, Logan MT5 focuses on selective entries and confirmation-based trading before activating its recovery mechanism.

The EA combines ATR-based adaptive grid spacing with dynamic lot progression to manage positions when the market moves against the initial trade. Instead of using a fixed grid distance, Logan MT5 adjusts the spacing between additional positions according to current market volatility.

Its entry system evaluates multiple technical conditions before opening the first position, including EMA alignment, ADX trend strength, tick volume, ATR volatility, spread conditions, and candle momentum.

Logan MT5 also includes daily drawdown protection, maximum spread filtering, trading session controls, and flexible lot-sizing options. It is designed for RAW/ECN trading accounts and should be thoroughly tested on a demo account before being used with real funds.

About the Developer

  • Author:  Thierry Ouellet
  • Experience: Over + 1 years of experience on MQL5.
  • Notable Products: Logan MT5 and other advisors.
  • Flagship Product:  Logan 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).

Main Features Of  Logan MT5

Confirmation-Based Entry System

Logan MT5 does not simply open trades continuously. Before entering the market, the EA checks multiple conditions to determine whether the current setup meets its trading criteria.

The system evaluates:

  • Three Exponential Moving Averages (EMAs) across multiple timeframes.
  • ADX to evaluate trend strength.
  • Current tick volume compared with recent market activity.
  • ATR to determine whether market volatility is within an acceptable range.
  • Current spread conditions before execution.
  • Candle direction and momentum.
  • Trading session restrictions.

A new position is opened only when the required conditions are satisfied.

Adaptive ATR Grid

If the initial position moves into adverse territory, Logan MT5 can activate additional recovery entries.

The grid spacing is based on Average True Range (ATR) rather than a fixed number of points. This allows the distance between potential recovery orders to adapt to changing market volatility.

During higher-volatility conditions, the spacing can adjust accordingly instead of maintaining the same fixed distance used by traditional grid systems.

Dynamic Lot Progression

Logan MT5 supports dynamic position sizing as part of its recovery mechanism. Traders can configure the EA according to their preferred risk approach and account size.

The available lot-sizing methods include:

  • Fixed lot size
  • Automatic lot sizing based on account balance

Basket Profit Management

When the combined open positions reach the predefined profit objective, Logan MT5 closes the active basket simultaneously.

This basket-based approach allows the EA to manage the overall position cycle rather than relying exclusively on individual trade exits.

Daily Drawdown Protection

The EA includes a configurable daily drawdown limit. When the combination of realized and floating losses reaches the selected threshold, Logan MT5 can stop opening new positions for the remainder of the trading day.

An optional setting allows traders to configure the EA to close active positions when the daily drawdown limit is reached.

Trading can automatically resume when the next trading day begins.

Spread and Session Filters

Logan MT5 includes:

  • Maximum spread protection.
  • Trading session filters.
  • Configurable trading hours.

These features are designed to help avoid opening trades during unsuitable execution conditions or outside the trader’s preferred market sessions.

How Does Logan MT5 Work?

Logan MT5 follows a confirmation-first approach.

Step 1 – Market Analysis

The EA continuously monitors XAUUSD and evaluates several technical factors. It checks the relationship between multiple EMAs, trend strength through ADX, tick-volume activity, ATR volatility, spread conditions, and candle momentum.

Step 2 – Initial Entry

A trade is opened only when the required entry conditions are aligned.

This means Logan MT5 is designed to avoid entering the market simply because price has moved a certain number of points, which differentiates it from many basic grid systems.

Step 3 – Recovery Grid

If the market moves against the initial position, the EA can add recovery positions.

Instead of using a fixed grid distance, Logan MT5 uses ATR-based spacing, allowing the grid to adapt to current volatility.

Step 4 – Basket Management

As positions are added, Logan MT5 monitors the combined basket. Once the predefined basket profit objective is reached, the EA closes the open positions.

Step 5 – Risk Protection

Throughout the trading cycle, the EA applies its configured spread filter, session restrictions, and daily drawdown protection.

If the daily drawdown threshold is reached, new entries can be disabled for the remainder of the trading day, with the option to close existing positions depending on the selected configuration.

Why Choose Logan MT5?

Designed for XAUUSD Gold

Logan MT5 is specifically designed for Gold (XAUUSD) and is recommended for the M15 timeframe, making it suitable for traders looking for an automated Gold trading system.

More Selective Than a Traditional Grid

Rather than continuously opening trades at fixed intervals, Logan MT5 first evaluates multiple market conditions before entering.

This confirmation-based approach is intended to reduce unnecessary initial entries and allow the recovery mechanism to be used only when required by the strategy.

Adaptive Grid Spacing

One of the key features is the use of ATR-based grid spacing. Because ATR reflects market volatility, the distance between recovery entries can adapt as market conditions change.

Integrated Risk Controls

Logan MT5 provides several configurable safeguards, including:

  • Daily drawdown protection.
  • Maximum spread filter.
  • Trading session filter.
  • Optional position closure when the daily drawdown limit is reached.
  • Flexible lot sizing.

Simple Setup

The basic installation process is straightforward. Attach the EA to an XAUUSD M15 chart, configure the lot-sizing method, select the daily drawdown limit, and choose the appropriate broker profile.

For example, users trading with Exness can select Exness in the Broker Type parameter so the EA applies its corresponding internal configuration.

Logan MT5 Performance Review

🟢Live Account Results

🔺Logan MT5 TitaFX – 3 consecutive weeks

  • Initial Deposit: $2.000
  • Growth Rate: 7%
  • Win Rate (% of total): 84%
  • Maximum Drawdown: 4.5%
Logan MT5 Live Signal

Logan MT5 Live Signal

🟢Backtest Results

🔺XAUUSD (Gold) – 7 Months

  • Initial Deposit: $1.000
  • Total Net Profit: $1.827.80
  • Win Rate (% of total): 87.92%
  • Maximum Drawdown: 23.76%
Logan MT5 backtets

Logan MT5 backtets

Performance and Risk Management

Logan MT5 uses a combination of technical confirmation and automated risk controls to manage its trading cycle.

Backtests reportedly show win rates above 80% under certain tested configurations. However, backtest performance should not be interpreted as a guarantee of future live results.

The EA’s recovery system can potentially handle significant adverse price movement through adaptive grid spacing and additional entries. However, grid and recovery-based strategies can increase market exposure when multiple positions are active.

Daily Drawdown Protection

The daily drawdown function monitors both realized and floating losses.

When the configured threshold is reached, Logan MT5 can:

  • Stop opening new trades.
  • Remain inactive for the rest of the trading day.
  • Optionally close active trades, depending on the selected setting.
  • Resume trading when the next trading day begins.

Recommended Risk Settings

Traders should select position sizes based on their account balance and risk tolerance rather than attempting to maximize trade volume.

The recommended minimum balance is $1,000 when trading 0.01 lots, while a balance of $2,000 or more is recommended for additional trading flexibility.

Because Gold can move rapidly, traders should also consider the impact of spread, commission, slippage, and leverage when determining appropriate risk.

Recommended Trading Conditions

Parameter Recommendation
Trading Symbol XAUUSD / Gold
Timeframe M15
Account Type Hedge or Netting
Cent Account Not recommended
Spread RAW / ECN highly recommended
Minimum Balance $1,000 with 0.01 lots
Recommended Balance $2,000+
Minimum Leverage 1:100 or higher
VPS Recommended
Testing Backtest and Demo Test First

Logan MT5 is intended for standard trading accounts rather than cent accounts. The developer recommends using a RAW/ECN account to provide more suitable spread conditions for the strategy.

Installation & Setup

Step 1 – Enable WebRequest

In MetaTrader 5, go to:

Tools → Options → Expert Advisors

Enable “Allow WebRequest for listed URL” and add the following URL:

https://nfs.faireconomy.media

This is required for the EA’s news filter to function correctly.

Step 2 – Attach the EA

Open an XAUUSD M15 chart and attach Logan MT5.

Step 3 – Configure Lot Sizing

Choose your preferred position-sizing method:

  • Fixed Lot
  • Automatic Lot Sizing Based on Account Balance

Step 4 – Configure Risk Protection

Set your preferred:

  • Daily drawdown limit.
  • Broker profile.
  • Trading session.
  • Spread settings.
  • Other available risk parameters.

If using Exness, select Exness in the Broker Type parameter so the EA can apply the appropriate internal settings.

Step 5 – Test Before Going Live

Run the EA through backtesting and demo trading first. The test should use the same XAUUSD symbol, broker, spread conditions, account type, and trading environment that you intend to use for live trading.

Weaknesses and Risk Warnings

Despite its risk-management features, Logan MT5 is not a risk-free trading system.

Grid Recovery Can Increase Exposure

When the market moves against the initial position, additional recovery trades may be opened. This can increase total exposure, margin requirements, and potential drawdown.

Gold Is Highly Volatile

XAUUSD can experience rapid price movements during major economic announcements, geopolitical events, and periods of high market volatility. Such conditions can lead to wider spreads, slippage, and unexpected execution prices.

High Win Rate Does Not Mean Low Risk

A win rate above 80% in backtests may appear attractive, but win rate alone does not determine the overall risk or profitability of a trading strategy.

The size of losing trades, maximum drawdown, recovery exposure, leverage, and market conditions must also be considered.

Broker Conditions Matter

Logan MT5 is highly dependent on execution conditions. Differences in spreads, commissions, contract specifications, minimum lot size, execution speed, and slippage can produce different results between brokers.

Cent Accounts Are Not Recommended

The recommended environment is a standard Hedge or Netting account, preferably with RAW/ECN spread conditions. Cent accounts may produce different execution characteristics and are therefore not recommended.

Backtest Results Are Not Guaranteed

Historical backtests and previous trading performance do not guarantee future results. Market conditions can change significantly, and live trading can differ from historical testing.

Always test the EA on a demo account before committing real capital.

Pros and Cons

Pros

  • Designed specifically for XAUUSD Gold.
  • Recommended M15 timeframe.
  • Confirmation-based initial entries.
  • Uses multiple technical indicators before entering.
  • ATR-based adaptive grid spacing.
  • Dynamic lot progression.
  • Basket-level profit management.
  • Configurable daily drawdown protection.
  • Optional closure of active trades at the daily drawdown threshold.
  • Maximum spread protection.
  • Trading session filters.
  • Fixed and automatic lot-sizing options.
  • Exness broker profile available.
  • VPS recommended for continuous operation.

Cons

  • Grid recovery can increase exposure during adverse market movements.
  • XAUUSD can experience significant volatility.
  • Wider spreads and slippage can affect execution.
  • RAW/ECN conditions are highly recommended.
  • Cent accounts are not recommended.
  • A minimum balance of around $1,000 is suggested for 0.01 lots.
  • Higher leverage can increase both potential returns and losses.
  • Backtest win rates do not guarantee live performance.
  • Recovery strategies may experience substantial drawdown during prolonged one-directional markets.

Real User Reviews and Feedback

🔺Logan MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

Reviews

Reviews

What’s Included in the Download Package?

  • Experts
    • Setting (If Any).docx
    • Installation Guide.docx
  • SetFiles
    • logan_$750_extreme.set
    • logan_$1000_very_high.set
    • logan_$1200_high.set
    • logan_$1500_medium_high.set
    • logan_$1700_medium.set
    • logan_$2000_low_medium.set
    • logan_$2500_low.set
    • logan_$3000_very low.set
    • logan_autolot_medium_exness.set
    • logan_fixed_exness.set
    • logan_autolot_$2500_low_exness.set

>> Join VIP Membership Now <<<

Final Thoughts

In summary, Logan MT5 is a specialized Gold Grid EA for MetaTrader 5, designed for XAUUSD on the M15 timeframe. Its confirmation-based entry system combines EMA, ADX, tick volume, ATR, spread, and candle momentum before opening trades, while the recovery system uses adaptive ATR-based grid spacing and dynamic lot progression.

The reported results include 7% growth with 4.5% maximum drawdown over three live weeks, while the seven-month backtest achieved $1,827.80 net profit from a $1,000 initial deposit, with an 87.92% win rate and 23.76% maximum drawdown. These results are historical and should not be considered a guarantee of future performance.

Overall, Logan MT5 may suit traders looking for an automated Gold trading system with selective entries, adaptive grid recovery, basket management, and configurable drawdown protection. Because recovery trading can increase exposure during prolonged adverse movements, users should apply conservative settings and thoroughly demo-test the EA under their intended broker conditions before going live.

>> Reviewed by Jason Stap <<<

FAQs

FAQs

1. What is Logan MT5?

Logan MT5 is an automated Gold Grid Expert Advisor for MetaTrader 5, specifically designed to trade XAUUSD on the M15 timeframe. Unlike a basic grid EA that continuously opens positions at fixed intervals, Logan MT5 uses multiple confirmation conditions before opening the initial trade. It combines trend analysis, volatility measurements, volume, spread filtering, and candle momentum with an adaptive recovery grid.

2. How does Logan MT5 work?

Logan MT5 uses a confirmation-first trading process. Before opening the initial position, the EA evaluates factors such as multiple EMAs, ADX trend strength, tick volume, ATR volatility, spread conditions, candle direction, and trading sessions.

If the initial trade moves into adverse territory, the recovery mechanism can add positions using ATR-based grid spacing. The EA then manages the positions as a basket and can close the combined trades once the predefined basket profit target is reached.

3. Does Logan MT5 use Grid or Martingale trading?

Logan MT5 uses a grid-based recovery mechanism, but its approach differs from a simple fixed-distance grid. The EA uses ATR-based adaptive grid spacing, allowing recovery-entry distances to adjust according to market volatility.

It also supports dynamic lot progression. Because additional positions can increase total market exposure, the strategy carries the typical risks associated with grid and recovery trading. Traders should carefully evaluate margin usage, maximum drawdown, and losing scenarios before using aggressive settings.

4. What are the reported live and backtest results of Logan MT5?

The supplied live result for Logan MT5 TitaFX covers three consecutive weeks, starting with a $2,000 deposit and reporting 7% growth, an 84% win rate, and 4.5% maximum drawdown.

The supplied seven-month XAUUSD backtest started with $1,000 and reported $1,827.80 in net profit, an 87.92% win rate, and 23.76% maximum drawdown.

These figures represent specific historical or reported trading conditions. They should not be interpreted as guaranteed future performance. Live results can vary because of broker execution, spread, commissions, slippage, liquidity, leverage, market volatility, and EA configuration.

5. What timeframe and broker conditions are recommended for Logan MT5?

Logan MT5 is designed for XAUUSD Gold on the M15 timeframe. A RAW or ECN account with competitive spreads is highly recommended because Gold trading can be sensitive to transaction costs and execution conditions.

The suggested minimum balance is around $1,000 when using 0.01 lots, while $2,000 or more is recommended for additional flexibility. A leverage level of at least 1:100 is also recommended. Users should verify their broker's contract specifications and minimum lot size before going live.

6. Does Logan MT5 have risk-management features?

Yes. Logan MT5 includes several risk-management and trading filters, including configurable daily drawdown protection, maximum spread protection, trading session controls, and flexible lot-sizing options.

The daily drawdown function can monitor realized and floating losses. When the configured threshold is reached, the EA can stop opening new trades for the remainder of the trading day and may optionally close active positions, depending on the selected configuration.

However, these features cannot eliminate trading risk or guarantee a precise maximum loss during extreme market conditions.

7. Is Logan MT5 suitable for small accounts?

Logan MT5 can technically be configured for smaller accounts, and the supplied set files include different balance and risk profiles. However, the developer recommends approximately $1,000 for 0.01 lots, with $2,000 or more providing greater flexibility.

Small accounts can be particularly sensitive to XAUUSD position sizing because the broker's minimum lot size may prevent the EA from reducing exposure precisely enough. Traders should therefore consider margin requirements, minimum lot size, drawdown tolerance, and leverage rather than choosing a setting solely based on the account balance.

8. Is Logan MT5 safe and suitable for live trading?

Logan MT5 includes useful safeguards, but it should not be considered risk-free. Its recovery grid and dynamic lot progression can increase exposure when Gold moves against the initial position, particularly during prolonged one-directional markets.

For live deployment, traders should first run the EA on a Demo Account using the same broker, XAUUSD symbol, account type, spread conditions, and settings intended for live trading. Conservative risk settings, appropriate lot sizes, a reliable VPS, and continuous monitoring are recommended.

Past performance and backtest results do not guarantee future profitability, and traders should only risk capital they can afford to lose.

Specification

Technical Details

Trading platform

MetaTrader 5 (MT5)

Time frames

M15 (15 minute chart)

Currency pairs

XAUUSD (Gold)

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