The Patch
by Mian Rameez Ali · MT5
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Summary
The News Filter MT5 (Leolouiski Gan) is a budget-friendly MT5 expert advisor priced at $70 with a 4.74/5 rating; however, no verified live performance stats are available. Traders looking for simple news-based trade filters may appreciate its focus and low entry cost, while those wanting proven track records might prefer higher-priced alternatives with different strategies. Platform realities such as broker news execution rules, variable spreads, and drawdown risk apply to all EAs. FxRobotEasy independently reviews these products to help traders balance cost, strategy, and risk when choosing a tool.
Retail traders compare The News Filter MT5 with alternatives to decide which tool best fits their trading plan, risk tolerance, and broker environment. At $70 and rated 4.74/5, The News Filter MT5 targets traders wanting a focused news-filtering approach on MT5, but there are no verified live stats available. Alternatives range from timers and reversal systems to anomaly detectors and extraction tools, each with different mechanics and price points. Remember that broker rules, news execution policies, and variable spreads affect real-world results, and all EAs carry drawdown risk. FxRobotEasy independently reviews every product presented here to provide impartial context.
| Metric | The News Filter MT5Main Product | Scalperology Ai Our bot | The Patch | The Guardian Account Protector | The Ultimate Risk Calculator | The EYES |
|---|---|---|---|---|---|---|
| Rating | 0.0 | N/A | N/A | N/A | N/A | N/A |
| Price | $70 | $149 | $950 | $49 | N/A | N/A |
| ROI | N/A | N/A | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 12.1% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 67.2% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 2.15 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 902 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
The News Filter MT5, developed by Leolouiski Gan for the MT5 platform, is positioned as a specialized expert advisor that filters trades around news events to reduce adverse slippage and volatility impact. Strengths include a focused feature set, a low entry price of $70, and a solid user rating of 4.74/5. Weaknesses are the lack of verified live performance statistics and potential sensitivity to broker-specific news handling and spreads. It suits discretionary traders who want an automated news shield rather than a full strategy, those running small accounts who prefer low-cost tools, and traders who can backtest in their broker environment. Expect drawdown risk common to all EAs; proper risk settings, forward testing on a demo or VPS close to your broker, and understanding your broker's news execution rules are essential. FxRobotEasy independently reviews this EA alongside alternatives so traders can weigh cost versus evidence.
by Mian Rameez Ali · MT5
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The News Filter MT5 is a low-cost, narrowly focused tool that can help traders avoid ill-timed news exposure on MT5. Its $70 price and strong user rating (4.74/5) make it attractive for cost-conscious traders, but the lack of verified live statistics means you should demo and backtest against your broker’s spreads and news execution policy before risking capital. Alternatives listed here cover timing utilities, reversal systems, anomaly detection, and extraction tools at varied price points—some with higher prices but different value propositions. FxRobotEasy independently reviews all products, and our vetted FxRobotEasy bots remain a verified alternative for traders seeking proven, reviewed options.
It depends on your goals. At $70 with a 4.74/5 rating, The News Filter MT5 can be a cost-effective way to reduce news-related slippage and protect positions, but there are no verified live performance stats. If you value a focused news filter and will test it in your broker environment on a demo first, it can be worthwhile. If you need proven live track records, consider higher-priced alternatives and demo them alongside the News Filter.
There is no single 'best' alternative; choice depends on strategy. For timing and manual control, Haven Candle Timer Countdown fits. For systematic reversal trading, PZ Stop And Reverse (priced $149) is an option. Market Anomalies EA ($99) targets statistical setups, while Ultimate Extractor ($100) offers customizable extraction logic. Neon Shadow’s price is not available. None publish verified live stats, so test each on a demo account and consider spreads, broker news rules, and drawdown profiles.
Start with extensive backtesting on historical data, then run the EA on a demo account that uses the same broker and realistic spreads. Monitor execution around news, slippage, and drawdown behavior. Use a VPS near your broker if you plan live deployment. Maintain conservative risk settings initially, and only move to live accounts after consistent demo performance. Remember that no EA guarantees profits and broker-specific rules materially affect real-world results.
While evaluating The News Filter MT5 and its alternatives, consider Scalperology Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
12.1%
Max Drawdown
67%
Win Rate
902
Total Trades