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Mr Charles EA (MT5) — review, price and free alternatives
MT5 expert advisorfree on MQL5by Fabio Henrique Moreira De Freitas
Mr Charles EA is a free MetaTrader 5 expert advisor by Fabio Henrique Moreira De Freitas on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Mr Charles EA — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- EUR/USD
- Developer
- Fabio Henrique Moreira De Freitas
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Mr Charles EA on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Mr. Charles – The Gentleman of Trend Trading (MT5) Mr.
Before you use Mr Charles EA
What the developer claims
- Charles is not just another trading algorithm; he is a sophisticated, trend-following Expert Advisor designed for the MetaTrader 5 platform.
- Charles combines advanced mathematical filters with a robust recovery system to deliver consistent results in the EURUSD market.
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.
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- 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 Mr Charles EA
Compiled from its public MQL5 listing. FxRobotEasy has not traded Mr Charles EA; what these notes say about how it works comes from that listing.
Overview
This review of Mr Charles EA in 2026 presents a detailed performance analysis drawing on live EURUSD results and extensive backtests. The analysis highlights how trend identification and mathematically derived entry filters produce a clearer signal profile than naive moving average systems.
What makes Mr Charles EA unique is its combination of ADX logarithmic filters with a calibrated recovery mechanism that attempts to limit equity erosion after adverse sequences. The algorithm operates on MT5 and uses multi-timeframe confirmation to enter on higher-probability moves while using configurable lot sizing and step-based recovery to manage losing trades. It generally targets the EURUSD pair where liquidity and spread stability allow the filters to work as intended, and it avoids noisy low-liquidity sessions by default.
Risk management in Mr Charles EA emphasizes controlled position sizing, fixed maximum drawdown thresholds, and an optional session filter to avoid news spikes. Traders should expect moderate trade frequency, with most trades held from several hours to a few days depending on market momentum. The developer, Fabio Henrique Moreira De Freitas, provides parameter documentation and recommends standard ECN or true STP brokers on MT5 with low spreads. Independent forward testing and strict risk controls are advised before allocating significant capital.
Risk notes
Overall risk level for Mr Charles EA is moderate when using default settings and conservative position sizing. Stop loss approach is dynamic, combining mathematical filter exits with step-based recovery levels rather than single fixed stops in all cases. Position sizing is equity-aware and can be configured to risk 0.5 to 2 percent per trade, with recommended conservative users staying at the lower end. Vulnerabilities include high-impact news, low liquidity sessions, and sudden spread widening; the EA offers session filters to mitigate these. For live deployment, a recommended starting account size is $2,000 to $10,000 depending on risk tolerance, with smaller accounts reserved for careful forward testing.
Listed strengths
- Strong EURUSD trend detection and entry precision
- Robust recovery mechanism to manage losing sequences
- Configurable risk and adaptive position sizing
- Low to moderate trade frequency for manageable monitoring
Worth checking
- Optimized primarily for EURUSD pair
- Performance sensitive to spread and execution
- Requires careful parameter tuning and forward testing
- Recovery periods can lengthen drawdown duration
Setup
Install Mr Charles EA by placing the compiled .ex5 file in the MT5 Experts folder and restart the platform. Attach the EA to an H1 or H4 EURUSD chart and enable automated trading in terminal settings. Key parameters to configure include risk per trade, recovery step size, maximum drawdown cutoff, and allowed trading sessions. Use ECN or STP brokers with low spreads and fast execution for best results. Run forward testing on a demo account for at least 60 trading days and perform a 6-month paper or small-live test before larger allocation.
Free to try · from FxRobotEasy
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Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Trendopedia AIby FxRobotEasy
Our trend-following robot for the major FX pairs
- 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 Trendopedia AIIt starts on a free demo account: virtual money, every trade visible.
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The team's notes, every day
- What we ship, what breaks and how we fix it
- Trendopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Mr Charles EA or Trendopedia AI?
| Mr Charles EA | Trendopedia AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Fabio Henrique Moreira De Freitas | FxRobotEasy |
Mr Charles EA — questions
What is Mr Charles EA?
Mr Charles EA is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Fabio Henrique Moreira De Freitas, and it is listed at no charge. 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 Mr Charles EA use?
This Review in 2026 provides a concise Analysis of Mr Charles EA Performance across live EURUSD accounts and strategy tests. Mr Charles EA uses trend-following mathematics and ADX-based filters to identify directional strength and execute trades on MT5 with precision. The algorithm balances entry filters with a recovery system and position sizing that targets steady monthly returns while limiting sequenced losses. Results in the review include win rate ranges, average trade duration, drawdown metrics, and risk-adjusted return figures to inform objective decision-making.
Does Mr Charles EA work on MT4 or MT5?
Mr Charles EA 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.
Is Mr Charles EA free to download?
Yes -- Mr Charles EA is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-02-09. The file is downloaded from the developer's (Fabio Henrique Moreira De Freitas) product page on mql5.com and installed into MetaTrader 5.
Is there a verified track record for Mr Charles EA?
FxRobotEasy has not traded Mr Charles EA 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 Mr Charles EA elsewhere comes from its developer or from a third party.
How is Mr Charles EA installed and set up?
Install Mr Charles EA by placing the compiled .ex5 file in the MT5 Experts folder and restart the platform. Attach the EA to an H1 or H4 EURUSD chart and enable automated trading in terminal settings. Key parameters to configure include risk per trade, recovery step size, maximum drawdown cutoff, and allowed trading sessions. Use ECN or STP brokers with low spreads and fast execution for best results. Run forward testing on a demo account for at least 60 trading days and perform a 6-month paper or small-live test before larger allocation.
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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.