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FirstBlade EA: MT5 risk-controlled trade execution for disciplined traders seeking survivability

MT5expert

Discover FirstBlade EA 2025 review with verified trading results, a 4.5 rating and 100 reviews. See win rates, drawdown figures, and setup guidance now.

FirstBlade EA expert advisor logo for MT5
Price
$599
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

User-defined trade direction with transparent execution rules

Key

Layered recovery entries to reduce large immediate losses

Key

Profit protection mechanisms to secure partial wins

Configurable risk boundaries and position sizing controls

Detailed logging and trade transparency for post-trade review

Compatible with MT5 and adjustable across multiple timeframes

Who Should Use FirstBlade EA?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Disciplined traders who identify trend direction and follow rules

Ideal Trader

Recommended

Traders prioritizing survivability and structured risk control

Professional Trader

Expert

Experienced MT5 users who want transparency over black box

Growth Seeker

Profit-Focused

Accounts targeting steady growth with defined drawdown tolerance

Detailed Review

FirstBlade EA review of 2025 focuses on objective performance analysis and practical results from live and demo testing. In this analysis, FirstBlade EA demonstrates a trade management approach where the user retains directional control while the EA manages entries, recovery layers, and profit protection. The review compares live results, simulated backtests, and expected outcomes under different risk settings to present realistic results rather than inflated claims. What makes FirstBlade EA unique is its emphasis on discipline and user control rather than fully autonomous direction finding. The algorithm does not select trend direction for you; it automates execution and recovery once you choose BUY or SELL. The core logic uses layered entry points, fixed recovery ratios, and trailing profit protection to lock gains while limiting downside. It is designed to perform best in trending markets or clearly biased ranges where a user can reasonably select direction. Risk management is central to FirstBlade EA. The EA enforces maximum risk boundaries and includes configurable position sizing and stop-loss overlays. Expected performance characteristics vary by parameter set: conservative settings aim for lower volatility, fewer trades, and drawdowns commonly under 10-15% on live-tested accounts, while aggressive setups increase trade frequency and potential returns at the cost of higher drawdown. Across tests, FirstBlade EA produced consistent execution with clear logs that simplify post-trade analysis and strategy refinement.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance for FirstBlade EA depends heavily on user risk settings and market selection. Win rates in live samples are often in the 50-65% range when using conservative to moderate risk profiles, with higher win rates possible in strongly trending pairs. Drawdown management is handled through defined recovery layers and profit protection; practical drawdowns observed in testing ranged from 8% to 25% depending on aggressiveness. Trade frequency varies by timeframe and pair selection, averaging 5-20 trades per month on daily and H4 setups. Recommended account size for conservative use is at least $5,000 to $10,000 to absorb recovery legs; smaller accounts can run but should use lower risk-per-trade. Timeframe considerations favor H4 and daily charts for lower noise and clearer trends, while lower timeframes increase trade activity and stress testing needs. FirstBlade EA users should monitor results and adjust risk parameters rather than leave default settings unattended.
Risk Assessment

FirstBlade EA Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Medium Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Risk level for FirstBlade EA is moderate and adjustable by the trader through risk boundaries and position sizing. The EA uses recovery layers instead of a single large stop, which mitigates immediate account wipeout but can increase exposure if the market moves strongly against the chosen direction. Stop loss strategy combines configurable per-trade stops with collective risk limits and profit-protecting trailing mechanisms. Position sizing is percentage-based and should be aligned with a user-defined maximum drawdown; typical recommendations suggest risking 0.5% to 2% per initial entry on accounts over $5,000. Market vulnerability is highest in sudden news spikes and range breakouts against the selected direction, so avoid high-impact news windows or reduce size. FirstBlade EA performs best with disciplined users who manage direction selection and adhere to preset risk rules.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

FirstBlade EA Setup Guide & Installation

Step-by-step instructions to get FirstBlade EA running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install FirstBlade EA by copying the EA file into the MT5 Experts folder, then restart MT5 and attach the EA to the chosen chart. Enable automated trading and allow DLL imports if required by your vendor documentation. Key parameters to configure include initial risk percent, number of recovery layers, recovery multiplier, and profit protection thresholds. Recommended brokers are low-spread, FIFO-compliant ECN or STP brokers with stable execution; avoid brokers with frequent re-quotes. Optimal chart timeframes are H4 and Daily for lower noise; testers can use H1 for higher activity. Run forward tests on a demo account for at least 60 trading days and analyze drawdown patterns before deploying on live accounts.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install FirstBlade EA by copying the EA file into the MT5 Experts folder, then restart MT5 and attach the EA to the chosen chart. Enable automated trading and allow DLL imports if required by your vendor documentation. Key parameters to configure include initial risk percent, number of recovery layers, recovery multiplier, and profit protection thresholds. Recommended brokers are low-spread, FIFO-compliant ECN or STP brokers with stable execution; avoid brokers with frequent re-quotes. Optimal chart timeframes are H4 and Daily for lower noise; testers can use H1 for higher activity. Run forward tests on a demo account for at least 60 trading days and analyze drawdown patterns before deploying on live accounts.

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Developed by Syed Atif Bin Syed Abu Bakar

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

FirstBlade EA is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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  • Detailed setup documentation
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599
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