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Straddle EA V1.138 MT5 + Set Files – Powerful Automated Breakout EA
$499.00
$16.99
96.6% OFFStraddle EA V1.138 MT5 + Set Files is an automated Expert Advisor designed for traders who want to implement a structured straddle and breakout-style trading approach on MetaTrader 5. By placing and managing trades around potential market movements, the EA can help automate entry execution, position management, and trading decisions according to configured parameters. The included set files can make the setup process easier by providing predefined configurations that traders can load into MT5 and adjust according to their preferred currency pair, risk level, trading session, and market conditions. Risk warning: An EA does not guarantee profits. Forex trading involves substantial risk, and results can vary significantly depending on market conditions, broker execution, spread, leverage, and settings.
What is Straddle EA V1.138 MT5?
Straddle EA V1.138 MT5 + Set Files is an automated Expert Advisor designed for traders who want to implement a structured straddle and breakout-style trading approach on MetaTrader 5. By placing and managing trades around potential market movements, the EA can help automate entry execution, position management, and trading decisions according to configured parameters.
The included set files can make the setup process easier by providing predefined configurations that traders can load into MT5 and adjust according to their preferred currency pair, risk level, trading session, and market conditions.
Risk warning: An EA does not guarantee profits. Forex trading involves substantial risk, and results can vary significantly depending on market conditions, broker execution, spread, leverage, and settings.
The included set files can make the setup process easier by providing predefined configurations that traders can load into MT5 and adjust according to their preferred currency pair, risk level, trading session, and market conditions.
Risk warning: An EA does not guarantee profits. Forex trading involves substantial risk, and results can vary significantly depending on market conditions, broker execution, spread, leverage, and settings.
Recommended Trading Currency Pairs
Straddle EA V1.138 MT5 can be considered for major and liquid forex pairs where spreads and execution conditions are generally favorable.
Recommended pairs
☑️ EUR/USD – High liquidity and typically suitable for automated strategies.
☑️ GBP/USD – Offers greater volatility and can provide stronger breakout movements.
☑️ USD/JPY – Popular major pair with generally strong liquidity.
☑️ AUD/USD – Can be useful for traders looking for another liquid major pair.
☑️ USD/CAD – May provide interesting volatility around economic events.
☑️ XAU/USD (Gold) – Highly volatile and potentially suitable for experienced EA users, but requires careful risk control.
For beginners, it is generally better to start with one currency pair and monitor performance before expanding to multiple instruments.
Recommended pairs
☑️ EUR/USD – High liquidity and typically suitable for automated strategies.
☑️ GBP/USD – Offers greater volatility and can provide stronger breakout movements.
☑️ USD/JPY – Popular major pair with generally strong liquidity.
☑️ AUD/USD – Can be useful for traders looking for another liquid major pair.
☑️ USD/CAD – May provide interesting volatility around economic events.
☑️ XAU/USD (Gold) – Highly volatile and potentially suitable for experienced EA users, but requires careful risk control.
For beginners, it is generally better to start with one currency pair and monitor performance before expanding to multiple instruments.
Straddle EA V1.138 MT5 Features
☑️ Automated Straddle Trading - The EA is designed to automate a straddle-style trading concept, reducing the need for manually placing and monitoring multiple pending orders.
☑️ MT5 Compatibility - Straddle EA V1.138 is intended for MetaTrader 5, allowing users to run automated trading strategies through the MT5 Expert Advisor environment.
☑️ Set File Support - The included set files provide ready-made parameter configurations. Traders can load a suitable .set configuration and modify individual parameters when necessary.
☑️ Automated Trade Management - Once configured and activated, the EA can manage its trading logic automatically according to its programmed parameters.
☑️ Flexible Risk Configuration - Depending on the available inputs, traders can configure important parameters such as lot sizing, risk controls, trading times, stop-loss and take-profit conditions.
☑️ Suitable for Different Market Conditions - A straddle-based approach can attempt to capture directional price movements after periods of consolidation or before potentially volatile market periods.
☑️ Reduced Manual Intervention - After installation and configuration, the EA can monitor the selected chart continuously while MT5 remains active and automated trading is enabled.
Straddle EA V1.138 MT5 – Best Settings
There is no single setting that is guaranteed to be the best for every broker, account, currency pair, or market environment. The supplied set files should be treated as starting configurations rather than guaranteed profitable settings.
For a safer initial setup:
☑️ Start with a low-risk lot size.
☑️ Use the provided set file corresponding to your chosen pair where available.
☑️ Test the EA on a demo account before using real funds.
☑️ Begin with one currency pair rather than running many pairs simultaneously.
☑️ Keep risk per trade conservative.
☑️ Avoid excessive leverage.
☑️ Check your broker's minimum stop distance and spread conditions.
☑️ Use trading-session filters if available.
☑️ Review the EA's behavior during high-impact news.
☑️ Forward-test the configuration for several weeks before considering live deployment.
☑️ Avoid changing multiple parameters simultaneously because it makes performance evaluation difficult.
Recommended testing approach
Load the supplied .set file into the EA, run a historical backtest using realistic spread and commission assumptions, and then perform forward testing on a demo account. Compare drawdown, trade frequency, average win/loss, and overall stability rather than focusing only on net profit.
For a safer initial setup:
☑️ Start with a low-risk lot size.
☑️ Use the provided set file corresponding to your chosen pair where available.
☑️ Test the EA on a demo account before using real funds.
☑️ Begin with one currency pair rather than running many pairs simultaneously.
☑️ Keep risk per trade conservative.
☑️ Avoid excessive leverage.
☑️ Check your broker's minimum stop distance and spread conditions.
☑️ Use trading-session filters if available.
☑️ Review the EA's behavior during high-impact news.
☑️ Forward-test the configuration for several weeks before considering live deployment.
☑️ Avoid changing multiple parameters simultaneously because it makes performance evaluation difficult.
Recommended testing approach
Load the supplied .set file into the EA, run a historical backtest using realistic spread and commission assumptions, and then perform forward testing on a demo account. Compare drawdown, trade frequency, average win/loss, and overall stability rather than focusing only on net profit.
Instructions for Installing Straddle EA V1.138 MT5
☑️ Step 1 – Install MetaTrader 5
Download and install MetaTrader 5 from your preferred broker or MetaQuotes-supported source.
☑️ Step 2 – Open the MT5 Data Folder
Inside MetaTrader 5, go to:
File → Open Data Folder
Then navigate to:
MQL5 → Experts
☑️ Step 3 – Copy the EA
Copy the Straddle EA V1.138 MT5 .ex5 file into the Experts folder.
☑️ Step 4 – Restart MetaTrader 5
Restart MT5 or refresh the Expert Advisors section in the Navigator window.
☑️ Step 5 – Attach the EA
Open your selected trading chart and timeframe. Find Straddle EA V1.138 under Expert Advisors and drag it onto the chart.
☑️ Step 6 – Load the Set File
Open the EA's Inputs section and select Load. Choose the supplied .set file and apply the parameters.
☑️ Step 7 – Enable Automated Trading
Make sure the Algo Trading button is enabled in MetaTrader 5.
☑️ Step 8 – Monitor the EA
Check that the EA is operating correctly, review the Experts and Journal tabs, and monitor spread, order placement, drawdown, and execution before considering live trading.
Download and install MetaTrader 5 from your preferred broker or MetaQuotes-supported source.
☑️ Step 2 – Open the MT5 Data Folder
Inside MetaTrader 5, go to:
File → Open Data Folder
Then navigate to:
MQL5 → Experts
☑️ Step 3 – Copy the EA
Copy the Straddle EA V1.138 MT5 .ex5 file into the Experts folder.
☑️ Step 4 – Restart MetaTrader 5
Restart MT5 or refresh the Expert Advisors section in the Navigator window.
☑️ Step 5 – Attach the EA
Open your selected trading chart and timeframe. Find Straddle EA V1.138 under Expert Advisors and drag it onto the chart.
☑️ Step 6 – Load the Set File
Open the EA's Inputs section and select Load. Choose the supplied .set file and apply the parameters.
☑️ Step 7 – Enable Automated Trading
Make sure the Algo Trading button is enabled in MetaTrader 5.
☑️ Step 8 – Monitor the EA
Check that the EA is operating correctly, review the Experts and Journal tabs, and monitor spread, order placement, drawdown, and execution before considering live trading.
Who Should Use Straddle EA V1.138 MT5?
This EA may be suitable for:
☑️ Forex traders interested in automated breakout strategies.
☑️ MT5 users who prefer algorithmic trading.
☑️ Traders who want to reduce manual order placement.
☑️ Experienced traders who understand pending-order and breakout concepts.
☑️ Traders who want to backtest and optimize automated strategies.
☑️ Users comfortable monitoring EA performance and adjusting risk parameters.
It may not be suitable for someone expecting an EA to generate guaranteed income without monitoring, testing, or risk management.
☑️ Forex traders interested in automated breakout strategies.
☑️ MT5 users who prefer algorithmic trading.
☑️ Traders who want to reduce manual order placement.
☑️ Experienced traders who understand pending-order and breakout concepts.
☑️ Traders who want to backtest and optimize automated strategies.
☑️ Users comfortable monitoring EA performance and adjusting risk parameters.
It may not be suitable for someone expecting an EA to generate guaranteed income without monitoring, testing, or risk management.
Download Straddle EA V1.138 MT5
Download Straddle EA V1.138 MT5Pros and Cons
Pros
Automated trading on MetaTrader 5.
Supports configurable trading parameters.
Includes set-file configurations.
Reduces manual trade execution.
Can be backtested before live deployment.
Suitable for traders interested in breakout/straddle approaches.
Can operate while the trader is away from the screen.
Cons
No trading strategy guarantees profits.
Performance can change with market conditions.
Broker spreads and execution can affect results.
High-volatility periods can increase risk.
Poor settings can produce excessive drawdown.
Requires MT5 to remain connected for continuous operation.
Live performance may differ from historical backtests.
Backtest Results
Conclusion
Straddle EA V1.138 MT5 + Set Files offers MT5 traders an automated way to explore a straddle and breakout-oriented trading strategy. Its automated execution, configurable parameters, and supplied set files can simplify the process of deploying and testing the strategy.
The best approach is to start conservatively: choose a liquid pair, load an appropriate set file, backtest with realistic trading costs, forward-test on demo, and carefully control risk. Treat the EA as a trading tool rather than a guaranteed-profit system.
The best approach is to start conservatively: choose a liquid pair, load an appropriate set file, backtest with realistic trading costs, forward-test on demo, and carefully control risk. Treat the EA as a trading tool rather than a guaranteed-profit system.
What's Included
File Size
2.1 MB
File Type
ZIP
Downloads
212
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alexwarren@gmail.com
Sep 14, 2026
Good tool for traders who understand automated breakout strategies. The most important thing for me is keeping the risk settings conservative.
Straddle EA V1.138 MT5 is an automated Expert Advisor designed around a straddle/breakout trading concept for MetaTrader 5.
The version covered in this article is specifically designed for MetaTrader 5 (MT5). MT4 users should not assume that an MT5 .ex5 EA will work on MT4.
Set files contain saved EA input parameters. They allow traders to quickly load a predefined configuration instead of entering every parameter manually.
There is no universally best pair. EUR/USD, GBP/USD, USD/JPY and other liquid major pairs can be suitable starting points. The optimal choice depends on the EA configuration, broker conditions, volatility, and testing results.
Gold (XAU/USD) may be tested, but its volatility and trading costs can be substantially higher than major forex pairs. Conservative risk settings and extensive demo testing are recommended.
No. No forex EA can guarantee profits. Past backtest results do not guarantee future performance.
Yes. After loading a .set file, traders can review and modify available input parameters. However, changes should ideally be tested individually so their impact can be measured.
No. A sensible approach is to backtest first, then forward-test on a demo account. Only consider live trading after understanding the EA's behavior and risk profile.
For continuous automated trading on a normal desktop installation, MT5 needs to remain running and connected to the broker. A VPS can be considered when uninterrupted operation is important.