Chasing every spike is how most bots get into trouble. Black Crow EA V1.0 for MT5 takes a slower, smarter route: it waits for pattern + structure + volatility to line up before touching the market. The core idea borrows from time-tested price-action sequences (think multi-candle momentum like “crows/soldiers”), but adds modern risk tools—ATR-aware stops, break-even logic, trailing, and strict spread/deviation guards—so trades are cleaner and easier to audit. No martingale, no unlimited grids, no “maybe it’ll come back” prayers.


This guide gives you the full run: what Black Crow V1.0 does, how it thinks, safe install steps on MetaTrader 5, practical defaults for EURUSD and XAUUSD, prop-firm notes, and a tidy troubleshooting checklist. The workflow is simple: demo first → validate → go small live → scale only on proof.


What Is Black Crow EA V1.0 (MT5)?


Black Crow EA V1.0 is a rules-driven MT5 Expert Advisor for intraday trading on liquid symbols. It watches for multi-candle strength patterns that confirm directional bias, then checks market structure (higher-high/higher-low for longs; lower-low/lower-high for shorts). Position risk is sized with ATR-scaled stop-losses and every order carries a hard SL/TP. Once price confirms, the EA moves to break-even and can trail according to your inputs. Execution is guarded by spread/deviation limits and session filters to avoid thin or chaotic conditions.



  • Platform: MetaTrader 5 (MT5)

  • Best symbols: EURUSD, GBPUSD, USDJPY, XAUUSD (Gold)

  • Timeframes: M5–M15 (active), M30–H1 (calmer, fewer but cleaner trades)

  • Approach: Linear risk only — no martingale, no unlimited grid


Key Features



  • Pattern-Aware Entry Engine – Uses multi-candle strength sequences plus structure confirmation; avoids random wick chasing.

  • Linear Risk Profile – Each trade stands alone with a hard SL. No averaging into losses.

  • ATR-Aware Stops – SL scales with current volatility so your risk % stays consistent across regimes.

  • Break-Even & Trailing – Tighten risk once the trade proves itself; let winners run (within rules).

  • Spread/Deviation Guard – Skips entries during thin liquidity, news spikes, or bad fills.

  • Session & Time Filters – Focus on London/NY overlap or define your own windows.

  • Equity Protection – Max daily loss + overall equity stop to protect the account.

  • Magic Number Safe – Multi-chart operation without order conflicts.

  • VPS-Ready – Built for low-latency execution; aim <20 ms to your broker.



Recommended Environment



  • Minimum Deposit: $200–$500 to start (scale only on proof)

  • Leverage: 1:200–1:500 (obey broker/prop rules)

  • Broker: ECN/Raw account, tight spreads, fair commissions

  • VPS: Recommended (especially for M5/M15)

  • Start symbols: EURUSD to learn the EA; add XAUUSD once comfortable


Performance Expectations (Realistic)


Backtests are sanity checks, not guarantees—especially on Gold. With conservative risk and quality sessions:



  • EURUSD M15/M30 — Often shows moderate, steady growth with controlled drawdowns when risk per trade is ≤1% and spread/deviation guards are respected.

  • XAUUSD M15 — Fewer but stronger runs; use wider ATR multipliers and lower risk (0.5–0.8%) to handle volatility.


Your plan: demo for 2–4 weeks across quiet and news days; if behavior matches your risk profile, go small live and scale slowly. Past performance does not guarantee future results


Installation (MT5)



  1. Download the EA file (.ex5/.mq5).

  2. In MT5: File → Open Data Folder → MQL5/Experts/ → paste the file.

  3. Restart MT5.

  4. Open a chart (start with EURUSD M15).

  5. In Navigator → Experts, drag Black Crow EA V1.0 onto the chart.

  6. Enable Algo Trading (toolbar) and Allow algo trading in the EA’s Common/Inputs.

  7. Load the provided .set (EURUSD/XAUUSD profile).

  8. Confirm the EA icon is active on your chart.



Quick-Start Settings (Practical Defaults)


Risk & Protection



  • Risk_Percent: 0.50–1.00% per trade (start 0.7% on EURUSD; 0.5–0.7% on XAUUSD)

  • Max_Daily_Loss: 3–5% (EA halts trading for the day once hit)

  • Equity_Stop: 10–15% overall cap


Filters



  • Max_Spread / Max_Deviation: ≤15 points (EURUSD), ≤40–50 (XAUUSD) — calibrate to your broker

  • Slippage/Deviation: 2–5 (go lower if your execution is great)

  • Trade_Sessions: true; run London + NY overlap

  • If no news filter, block 15–30 mins around CPI/FOMC/NFP via time windows


Stops & Exits



  • SL_Mode: ATR (handles regime shifts better than fixed stops)

  • ATR_Mult: 1.6–2.0 (EURUSD), 2.1–2.5 (XAUUSD)

  • TP_R_Multiple: 1.3–1.7R (aim repeatability over lottery wins)

  • BreakEven_Trigger: +0.8–1.0R | BreakEven_Offset: 2–4 points (wider on Gold)

  • Trailing_Start: Begin trailing ≥ +1.2R; keep trail modest to avoid noise knock-outs


Symbol Profiles (Examples)



  • EURUSD M15: Risk 0.7%, MaxSpread 15, ATR SL 1.8×, TP 1.5R, BE at +1R, trail from +1.2R

  • XAUUSD M15: Risk 0.5–0.7%, MaxSpread 45, ATR SL 2.3×, TP 1.4–1.6R, BE at +1R, slightly looser trail


How Black Crow V1.0 Thinks (Plain English)



  1. Pattern + Structure — Waits for multi-candle strength patterns aligned with trend structure to avoid buying tops/selling bottoms.

  2. Volatility-Aware Risk — ATR-scaled SL keeps your risk % stable in calm vs wild markets.

  3. Protection First — Moves to break-even and trails as soon as the trade proves itself.

  4. Quality Screens — Session/time filters plus spread/deviation guards skip the worst conditions.


Prop-Firm Notes



  • Keep risk ≤1% per trade (0.5–0.7% on Gold recommended).

  • Set Max_Daily_Loss to your firm’s rule—or stricter.

  • Use a hard SL on every order; no martingale/unlimited grid.

  • Trade liquid hours; respect any news-trading restrictions.


Troubleshooting & Tips



  • Missed entries? Max_Spread/Deviation might be too tight—relax slightly, but don’t go loose.

  • Whipsawed? Raise ATR_Mult, trim TP_R_Multiple to 1.3–1.4R, and stick to prime sessions.

  • Slippage spikes? Use a low-latency VPS near your broker; avoid thin hours.

  • Drawdown cluster? You probably traded during news/off-hours—tighten the session window.

  • Scaling up? Keep risk % unchanged; let lot size grow with equity.


FAQs


Does it use martingale or grid?
No. Linear risk with a hard SL on every trade.


Can I run multiple charts?
Yes—assign unique Magic Numbers per symbol/timeframe.


Do I need a VPS?
Recommended for M5/M15 and Gold—better fills, fewer hiccups.


Which pair should I start with?
Start EURUSD M15 to learn the EA; add XAUUSD later.


Risk Disclaimer


Trading Forex/CFDs involves significant risk and may not suit every investor. You can lose all or more than your initial investment. Past performance does not guarantee future results. Always forward-test on demo, use strict risk controls, and trade responsibly.


Call to Action


Want a pattern-aware EA that respects risk and real-world execution? Install Black Crow EA V1.0 on MT5, run the EURUSD profile on demo for a couple of weeks, then go live small and scale only on consistent, repeatable data. Consistency beats excitement—every time.


Happy Trading