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LotSmith (MT5) — review, price and free alternatives
MT5 utility$39 on MQL5by Masato Takada
LotSmith is a MetaTrader 5 utility by Masato Takada, sold on the MQL5 Market for $39. 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.
LotSmith — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Utility
- Developer
- Masato Takada
- Price
- $39
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded LotSmith on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Position sizing is the least glamorous — and most important — job in trading.
Before you buy LotSmith
What the developer claims
- What it does Risk-based lot sizing — Enter your risk % and stop in points; get the precise, broker-valid lot instantly.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 utility in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on LotSmith
Compiled from its public MQL5 listing. FxRobotEasy has not traded LotSmith; what these notes say about how it works comes from that listing.
Overview
LotSmith by Masato Takada represents a comprehensive automated trading solution for MT5 traders. What sets LotSmith apart is its balanced approach to trade execution and capital preservation.
Risk notes
LotSmith 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 Masato Takada
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing LotSmith 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 tool · from FxRobotEasy
Want free protection for your trading account?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
EASY Fortressby FxRobotEasy
Free MT5 account guard — daily loss limit and drawdown lock. It opens no trades.
- 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 EASY Fortress and set your limitsIt guards the account and opens no trades.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- EASY Fortress in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
LotSmith or EASY Fortress?
| LotSmith | EASY Fortress | |
|---|---|---|
| How you get it | Buy on MQL5 ($39) | Free installer |
| Platform | MT5 | MT5 |
| Public account reports | — | Not applicable |
| Made by | Masato Takada | FxRobotEasy |
LotSmith — questions
What is LotSmith?
LotSmith is a MetaTrader 5 utility published on the MQL5 Market by Masato Takada, priced at $39 USD. It is filed as a utility -- a trading or charting tool -- rather than as a fully automated Expert Advisor.
Does LotSmith work on MT4 or MT5?
LotSmith 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 LotSmith cost?
LotSmith is a paid product listed at $39 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-06-01. It is sold and downloaded through the developer's (Masato Takada) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for LotSmith?
FxRobotEasy has not traded LotSmith 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 LotSmith elsewhere comes from its developer or from a third party.
Similar expert advisors
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.