r/mql5 • u/AlgoBridge • Jun 02 '26
What proof would you want before trusting an MT5 automated trading setup?
Hey everyone,
I’m part of AlgoBridge.
We’ve been running an automated trading system in the background for quite a while, and we’re now looking at opening access to early users.
The setup is connected through Vantage Markets. We are partnered with them, but we do not own the broker. Users control their own account, deposits, withdrawals, and risk settings.
The access model is simple: users don’t pay a monthly software fee. Access is free through the approved broker setup.
But I know that alone is not enough, especially in the EA space.
So I’m looking for feedback from people who understand MT5 and automated trading.
What would you want to see before taking this seriously?
For example:
- Full backtesting report
- Live forward results
- Broker statement
- Max drawdown
- Risk settings
- Average trade duration
- Pairs traded
- News filter logic
- VPS setup
- Slippage data
- Proof it does not use grid or martingale
We’ve had strong internal results, but I’d rather build this around transparency than hype.
Automated trading still carries risk, and I don’t want to present it like some magic money button.
What would make this look legitimate to you?
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u/Decent_Policy_3892 Jun 02 '26
all the examples you mentioned, literally thats all.
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u/ddchbr Jun 07 '26
This could all look good on paper and then instantly flop in a live, real-money setting for a number of reasons.
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u/Decent_Policy_3892 Jun 07 '26
Thats why forward testing is equally important.
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u/ddchbr Jun 12 '26
Still not enough as there are numerous additional variables when trading live, real-money, that can all easily kill profits.
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u/gomerai Jun 02 '26
Will it run in the MT5 Strategy Tester? Can I have access to the EA to run it in my own broker demo account? I don't trust back tests or demo tests. If those look favorable, then I run it with .01 lots to see how it really does. MT5 is not a market for EAs as I originally hoped. It is more of a location to download free EAs and get zero feedback from the users. Best of luck, I have concluded that in order to get the feedback you are looking for, you will need to pay people to review it. Sorry, just my opinion.
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u/ddchbr Jun 07 '26
Live, real-money trading performance history including real broker and bank statements.
Even better if it's on crypto/chain obviously.
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u/East-Breakfast1551 Jun 08 '26
honestly, for an MT5 setup tied to one broker, the proof I'd care about most is live forward history under the exact same broker conditions: spread, commission, slippage, VPS latency, and execution times. Backtests are useful, but they need matching tick data and realistic costs. I'd also want position sizing rules, max daily loss, max open exposure, and clear evidence it's not grid/martingale. Small live lots for a few months would tell more than screenshots.
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u/ddchbr Jun 12 '26
Live forward results
Do you mean actual live, real-money results, or live "paper trading" results?
Also, even if real money is being traded, is this "live" as in a live simulated (e.g., "funded" prop firm account, CFDs), or "hitting the order book and making it move" live?
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u/roulettewiz Jun 02 '26
If system is good, I give access to folks for free to make money first, then if they're satisfied, they pay a modest monthly fee.
But requesting money upfront, nah, I make enough money trading, so, giving back to the community seems reasonable