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Elara AI (MT5) — review, price and free alternatives
MT5 indicator$41 on MQL5by Prabir Sarkar
Elara AI is a MetaTrader 5 indicator by Prabir Sarkar, sold on the MQL5 Market for $41. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Elara AI — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Prabir Sarkar
- Price
- $41
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Elara AI on a live account and publishes no broker-verified performance record for it.
Last updated
Before you buy Elara AI
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Elara AI
Compiled from its public MQL5 listing. FxRobotEasy has not traded Elara AI; what these notes say about how it works comes from that listing.
Overview
Elara AI by Prabir Sarkar represents a comprehensive automated trading solution for MT5 traders. What sets Elara AI apart is its balanced approach to trade execution and capital preservation.
Risk notes
Elara AI implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT5 platform compatibility
- Developed by experienced Prabir Sarkar
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Elara AI on MT5 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
Prefer a robot that trades for you?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Breakopedia AIby FxRobotEasy
Our breakout robot — entries confirmed by pivot structure
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Breakopedia AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Breakopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Elara AI or Breakopedia AI?
| Elara AI | Breakopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($41) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Prabir Sarkar | FxRobotEasy |
Elara AI — questions
What is Elara AI?
Elara AI is a MetaTrader 5 indicator published on the MQL5 Market by Prabir Sarkar, priced at $41 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Elara AI work on MT4 or MT5?
Elara AI runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Elara AI cost?
Elara AI is a paid product listed at $41 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-07-18. It is sold and downloaded through the developer's (Prabir Sarkar) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Elara AI?
FxRobotEasy has not traded Elara AI on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Elara AI elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.