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Metal Cooler MT5 (MT5) — review, price and free alternatives
MT5 expert advisor$240 on MQL5by Michael Prescott Burney
Metal Cooler MT5 is a MetaTrader 5 expert advisor by Michael Prescott Burney, sold on the MQL5 Market for $240. 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.
Metal Cooler MT5 — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- XAG/USD (silver)
- Developer
- Michael Prescott Burney
- Price
- $240
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Metal Cooler MT5 on a live account and publishes no broker-verified performance record for it.
Last updated
Before you buy Metal Cooler MT5
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 expert advisor 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 Metal Cooler MT5
Compiled from its public MQL5 listing. FxRobotEasy has not traded Metal Cooler MT5; what these notes say about how it works comes from that listing.
Overview
This Metal Cooler MT5 review in 2026 offers a detailed performance analysis of an Advanced Automated Silver Trading System for XAGUSD H1 that has been built for live conditions and prop-firm constraints.
What makes Metal Cooler MT5 unique is the dual-mode algorithm that blends momentum detection with mean-reversion triggers, reducing dependency on a single market regime. The EA uses ATR-based volatility filters, a directional bias derived from multi-timeframe moving averages, and time-of-day restrictions to avoid low-liquidity periods. Michael Prescott Burney designed the algorithm to execute on the H1 timeframe where silver displays clearer intraday swings while keeping trade frequency manageable for retail accounts.
The system handles trending rallies and short mean-reversion retracements best, and it includes strict stop-loss placement, equity stop rules, and a reduction in lot size during drawdown phases. Expect moderate trade frequency, disciplined position sizing, and an emphasis on preserving capital over chasing high returns.
Risk notes
Overall risk level for Metal Cooler MT5 is moderate when parameters are properly set and conservative when the developer-recommended equity stops are used. The stop loss strategy combines fixed ATR-based stops with adaptive trailing stops to lock in profits while limiting losses. Position sizing is recommended as percentage-based, typically 0.5–1.5% of equity per trade depending on account tolerance. Vulnerabilities include sharp, persistent trends during extreme news events and periods of very low volatility that can increase relative slippage. A recommended account size is at least $2,000 for testing and $5,000 or more for live deployment with full recommended lot sizing to absorb drawdowns effectively.
Listed strengths
- Optimized specifically for XAGUSD H1 markets
- Built-in risk controls and prop-firm friendly limits
- Adaptive stops reduce prolonged drawdown exposure
- Works with ECN and STP brokers for best execution
- Clear logging enables independent result verification
Worth checking
- Performance sensitive to broker spreads
- Requires upkeep during major news events
Setup
Install Metal Cooler MT5 by copying the EA file into the Experts folder in your MetaTrader 5 directory and restarting the platform. Attach the EA to an H1 XAGUSD chart and enable automated trading. Configure key parameters such as risk percent per trade, maximum daily loss, and mode selection between conservative and aggressive. Use ECN or STP brokers with low spreads and fast execution for best results. Run a 3–6 month forward test on a demo account and a 1:1 paper trading environment before deploying live. Review detailed logs and adjust position sizing based on observed slippage and commissions.
Free tool · from FxRobotEasy
Trading a prop-firm account? Guard it for free
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
Metal Cooler MT5 or EASY Fortress?
| Metal Cooler MT5 | EASY Fortress | |
|---|---|---|
| How you get it | Buy on MQL5 ($240) | Free installer |
| Platform | MT5 | MT5 |
| Public account reports | — | Not applicable |
| Made by | Michael Prescott Burney | FxRobotEasy |
Metal Cooler MT5 — questions
What is Metal Cooler MT5?
Metal Cooler MT5 is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Michael Prescott Burney, priced at $240 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Metal Cooler MT5 use?
This Metal Cooler MT5 review in 2026 offers a detailed performance analysis of an Advanced Automated Silver Trading System for XAGUSD H1 that has been built for live conditions and prop-firm constraints. The review examines both backtest and live results, assessing drawdown profiles, win rates, and average trade duration. Metal Cooler MT5 is presented as a professional-grade Expert Advisor on MT5, with configurable risk parameters and logging designed to support reproducible results and independent verification of trading performance and results.
Does Metal Cooler MT5 work on MT4 or MT5?
Metal Cooler MT5 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 Metal Cooler MT5 cost?
Metal Cooler MT5 is a paid product listed at $240 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-31. It is sold and downloaded through the developer's (Michael Prescott Burney) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Metal Cooler MT5?
FxRobotEasy has not traded Metal Cooler MT5 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 Metal Cooler MT5 elsewhere comes from its developer or from a third party.
How is Metal Cooler MT5 installed and set up?
Install Metal Cooler MT5 by copying the EA file into the Experts folder in your MetaTrader 5 directory and restarting the platform. Attach the EA to an H1 XAGUSD chart and enable automated trading. Configure key parameters such as risk percent per trade, maximum daily loss, and mode selection between conservative and aggressive. Use ECN or STP brokers with low spreads and fast execution for best results. Run a 3–6 month forward test on a demo account and a 1:1 paper trading environment before deploying live. Review detailed logs and adjust position sizing based on observed slippage and commissions.
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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.