Question 1

What is the main strategy of Opal MT5?

Accepted Answer

It is a Grid Scaling EA that adds positions at fixed intervals with a scaling multiplier to recover losses and capture profits on EURUSD.

Question 2

Which pair does this EA trade?

Accepted Answer

It is specifically optimized and designed for EURUSD.

Question 3

How does the grid system work?

Accepted Answer

The EA opens additional trades at predefined steps (15, 20, and 40 points) with a scaling factor of 1.27, allowing controlled recovery while limiting maximum open orders to 4.

Question 4

Does it use the RSI filter?

Accepted Answer

Yes. It includes an RSI filter (period 14) to avoid entries in overbought (above 70) or oversold (below 30) conditions, improving signal quality.

Question 5

What risk management features does it have?

Accepted Answer

It uses AutoLot based on account balance, fixed maximum orders, and a strong news filter to keep risk under control.

Question 6

Does it have a news filter?

Accepted Answer

Yes. It features a comprehensive news filter that pauses trading before and after low, medium, and high-impact news, plus special protection for NFP and New Year periods.

Question 7

Is it easy to set up?

Accepted Answer

Extremely easy. Simply attach it to the EURUSD chart with default settings and it starts working automatically.

Opal MT5Premium

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