Relax EA MT5 (Official version) | Unbounded

Product Overview

Relax EA MT5 is an automated Forex Expert Advisor designed to identify specific price patterns, volatility conditions, and momentum signals near the end of the Friday trading session.

The core concept focuses on the final trading period before the weekend, when market volatility can become relatively low. The EA analyzes several timeframes to identify potential short-term movements that meet its statistical and strategy conditions.

If positions remain open when the market closes for the weekend, there is also the possibility of benefiting from a weekly market gap if the gap occurs in the favorable direction. However, weekend gaps can also move against an open position, so this feature introduces additional market risk.

Relax EA combines multiple trading strategies within a single Expert Advisor, allowing the system to diversify its trading logic while focusing on statistical characteristics and stable growth rather than simply maximizing profit.

The EA supports all 28 major and minor Forex pairs derived from the eight major currencies: EUR, USD, GBP, CHF, JPY, AUD, CAD, and NZD.

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About the Developer

• Author: Fabio Cavalloni
• Experience: Over +1 years of experience on MQL5.
• Notable Products:  Relax EA MT5, The Forex Exchanger MT5, Golden Goal GG EA MT5 and other advisors.
• Flagship Product: Relax 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 <<<

Main Features of Relax EA MT5

Friday Session Trading
Relax EA focuses on the final trading period of the Friday session, searching for specific market conditions before the Forex market closes for the weekend.

Multi-Timeframe Analysis
The EA evaluates patterns, volatility, and momentum across several timeframes to identify potential short-term trading opportunities.

Statistical Trading Approach
Its mathematical calculations are designed around statistical edges and consistency rather than focusing exclusively on maximizing individual trade profits.

Multiple Strategies in One EA
Several strategies are automatically managed from a single EA instance, providing diversification across different trading conditions.

One Trade Per Strategy
The system allows no more than one open trade for each strategy, helping prevent unlimited position accumulation.

No Grid
Relax EA does not use a traditional Grid strategy.

No Martingale
The EA does not use Martingale position-sizing or progressive lot increases to recover previous losses.

Hidden Stop Loss and Take Profit
Trades use hidden SL and TP levels according to the EA’s trading logic rather than necessarily placing visible levels directly with the broker.

Short Average Holding Time
Positions are typically designed to remain open for a few hours, depending on market conditions and the strategy involved.

28 Forex Pairs
Relax EA can trade the 28 major and minor currency pairs based on the eight major currencies:

EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD.

Flexible Multi-Symbol Configuration
Traders can configure the EA to trade multiple symbols from a single chart or attach the EA separately to individual currency-pair charts.

How Does Relax EA MT5 Work?

Relax EA MT5 is built around the concept of identifying short-term trading opportunities during the final part of the Friday Forex session.

The EA analyzes patterns, volatility, and momentum across multiple timeframes. It looks for market conditions that historically may present specific statistical characteristics during the low-volatility period near the end of the trading week.

When the programmed conditions are satisfied, the corresponding strategy can open a position.

Each strategy is independently managed, and the EA limits exposure to one trade per strategy.

The system can operate in two main configurations.

Single-Chart Mode:
The trader can place the EA on one chart and specify the symbols that should be traded.

Multi-Chart Mode:
The trader can attach the EA separately to each currency-pair chart. This allows the EA to work based on incoming market ticks rather than relying solely on its timer-based calculations.

According to the supplied specifications, the EA’s calculations run four times per second, while testing in both single-chart and multi-chart configurations reportedly produced similar results.

If a position remains open when the Forex market closes for the weekend, the following week’s opening price may create a market gap. A favorable gap can benefit an existing position, but an unfavorable gap can increase losses.

Why Choose Relax EA MT5?

Relax EA MT5 is designed for traders interested in a specialized Friday Forex trading strategy rather than conventional continuous market trading.

Its approach focuses on a specific period of the trading week and combines several strategies to diversify the system’s trading logic.

The EA also avoids two commonly used high-exposure mechanisms: Grid and Martingale. Instead, it limits the number of trades to one position per strategy.

Another feature is its broad Forex coverage. The EA can potentially trade all 28 major and minor combinations derived from EUR, USD, GBP, CHF, JPY, AUD, CAD, and NZD.

The ability to use either a single chart or multiple individual pair charts also gives traders flexibility when configuring the EA.

Relax EA MT5 Performance Review

🟣 Live Account Results

• Initial deposit $100 over 222 weeks:
• Total Profit: +682%
• Maximum Drawdown: 27.5%
• Win Rate: 76.7%
• Live Signal: View here

Relax EA Live Results

🟣 Backtest Performance

• Initial deposit: $1,000
• Total profit: $431,000
• Max Drawdown: 6.28%
• Win Rate: 84.48%
• Demonstrates optimized profitability and controlled risk.

Relax EA MT5 Backtest

Performance and Risk Management

Relax EA’s design places emphasis on statistical characteristics, diversification, and controlled trade frequency rather than simply maximizing the number of trades.

The limitation of one trade per strategy can help prevent the system from continuously accumulating positions. The absence of Grid and Martingale also means the EA does not rely on progressively increasing exposure to recover losses.

The EA supports two lot-sizing approaches:

Fixed Lot Size
The trader can specify a fixed lot size for each trade.

Dynamic Risk-Based Lot Size
If the lot parameter is set to 0, the EA can calculate position size using the specified Risk Factor.

Traders should carefully consider their risk settings, particularly because Forex positions can experience significant price movements around market closures.

The possibility of holding positions over the weekend creates an additional risk factor. A market can reopen at a significantly different price from Friday’s close, potentially resulting in losses that exceed the expected movement.

For safer implementation, traders should consider:

• Using conservative risk settings
• Testing different currency-pair combinations
• Monitoring maximum drawdown
• Limiting total portfolio exposure
• Considering correlations between currency pairs
• Evaluating weekend-gap behavior
• Testing fixed-lot and dynamic-risk configurations
• Forward-testing the EA before live deployment

Weaknesses and Risk Warnings

The primary characteristic of Relax EA MT5—trading near the Friday market close—also introduces several specific risks.

The Forex market can experience weekend gaps between Friday’s closing price and Monday’s opening price. While a favorable gap can benefit an open position, an unfavorable gap can produce a significant loss.

Hidden SL and TP levels can also behave differently from broker-side protective orders during extreme market conditions. If the market gaps through a hidden stop level, the actual execution price may differ substantially from the intended level.

The strategy is also designed around a specific market period. Conditions that historically produced favorable statistical characteristics may change over time.

Trading all 28 currency pairs simultaneously can increase overall exposure and correlation. For example, several positions involving the same base or quote currency may effectively concentrate risk rather than provide independent diversification.

The EA should therefore not be evaluated only by its win rate or individual trade performance. Drawdown, exposure, risk per trade, and portfolio-level behavior are equally important.

Important: No statistical trading strategy can guarantee future results. Backtested performance may differ from live trading because of spreads, slippage, execution conditions, liquidity, and changing market behavior.

Pros and Cons

Pros

• Specialized Friday trading strategy
• Multi-timeframe market analysis
• Uses pattern, volatility, and momentum analysis
• Multiple strategies managed by one EA
• One trade per strategy
• No Grid
• No Martingale
• Hidden SL and TP
• Average holding period of a few hours
• Supports all 28 major and minor Forex pairs
• Covers eight major currencies
• Supports single-chart multi-symbol trading
• Supports individual chart configuration
• Fixed-lot option
• Dynamic risk-based lot calculation
• Statistical approach focused on consistency
• Flexible EA configuration

Cons

• Primarily focused on the Friday trading session
• Weekend gaps can create substantial additional risk
• Hidden SL and TP may be affected by market gaps and execution conditions
• Trading many currency pairs can increase correlated exposure
• Performance depends on market conditions
• Scalping-style execution can be sensitive to spreads and slippage
• Statistical edges can change over time
• No trading strategy guarantees profits

How to Install Relax EA MT5

Installing Relax EA MT5 follows the standard MetaTrader 5 Expert Advisor installation process.

Download the EA files and extract the package if necessary.

Open MetaTrader 5 and select:

File → Open Data Folder

Navigate to:

MQL5 → Experts

Copy the Relax EA files into the Experts folder.

Restart MetaTrader 5 or refresh the Navigator panel.

Find Relax EA under Expert Advisors and attach it to your preferred Forex chart.

Single-Chart Configuration

To trade multiple currency pairs from one chart, enter the desired instruments in the Symbols parameter.

If the Symbols field is empty, the EA will operate only on the current chart symbol.

The Symbols to Exclude parameter can be used to prevent specific pairs or currencies from being traded.

For example, entering:

GBP,JPY

can exclude currency pairs involving GBP or JPY, depending on the EA’s symbol-matching logic.

Multi-Chart Configuration

Alternatively, attach Relax EA separately to each currency-pair chart.

This configuration allows the EA to work directly with incoming ticks on each symbol rather than relying exclusively on the timer.

If multiple EA instances are running, ensure that the Magic Number configuration is correctly managed so trades can be identified and separated properly.

Lot and Risk Settings

The main position-sizing parameters include:

Lots:
Defines the lot size for each trade. Set this to 0 if dynamic risk calculation is preferred.

Risk Factor:
When Lots is set to 0, the EA uses the specified risk factor for calculating trade size.

Always test the selected settings on a demo account before deploying the system on a live account.

Real User Reviews and Feedback

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

User Review

What’s Included in the Download Package?

🔺 Experts:

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

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Final Thoughts

Relax EA MT5 is a specialized automated Forex strategy built around the final trading period of the Friday session. Its approach combines multi-timeframe pattern analysis, volatility, momentum, and statistical calculations to identify potential short-term trading opportunities.

The EA’s structure includes multiple strategies, one trade per strategy, no Grid, and no Martingale, while supporting both fixed-lot and dynamic risk-based position sizing.

Its coverage of 28 Forex pairs across EUR, USD, GBP, CHF, JPY, AUD, CAD, and NZD provides considerable configuration flexibility. Traders can also choose between single-chart multi-symbol operation and individual chart configurations.

The most important consideration is the system’s exposure to weekend market gaps. A favorable gap may benefit an open trade, but a gap in the opposite direction can result in substantial losses and execution differences.

For this reason, traders should evaluate Relax EA using realistic spreads, commissions, slippage, and weekend-gap scenarios. Start with conservative risk settings, forward-test the EA, and monitor portfolio-level exposure before considering larger live allocations.