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Obsidian Code v2 (MT5) — review, price and free alternatives
MT5 expert advisor$30 on MQL5by Jose Ramon Rosaenz Carmona
Obsidian Code v2 is a MetaTrader 5 expert advisor by Jose Ramon Rosaenz Carmona, sold on the MQL5 Market for $30. 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.
Obsidian Code v2 — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- EUR/USD
- Developer
- Jose Ramon Rosaenz Carmona
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Obsidian Code v2 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
️ Obsidian Code – Expert Advisor Description Overview Obsidian Code is an Expert Advisor designed to operate with surgical precision in the forex market.
Before you buy Obsidian Code v2
What the developer claims
- Its core combines classic technical indicators with a fully modular structure, allowing the user to adjust everything from money management to entry filters without altering the base architecture of the algorithm.
- The EA is optimized for EUR/USD on the H1 timeframe , with predefined parameters adapted to stable and medium-trend mark.
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 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 Obsidian Code v2
Compiled from its public MQL5 listing. FxRobotEasy has not traded Obsidian Code v2; what these notes say about how it works comes from that listing.
Overview
This Obsidian Code v2 review for 2026 combines performance metrics and qualitative analysis to provide a clear assessment of the EA on live and historical EUR/USD H1 data. The review evaluates win rate, drawdown, and trade cadence alongside configuration flexibility and developer transparency. Obsidian Code v2 is unique because it merges classic technical indicators—such as moving averages and volatility filters—with a fully modular structure that isolates entry logic from money management. That design lets traders test stop loss, take profit, and sizing independently without altering the core algorithm.
The algorithm scans H1 price action for medium-trend opportunities, applying entry filters to reduce noise and opportunistic scalps. Obsidian Code v2 permits ATR-based or fixed stop loss choices and supports both fixed lots and percent risk position sizing, which makes the EA adaptable to conservative and moderate risk profiles. In backtests and live samples the EA shows consistent trade frequency on EUR/USD with clearly documented parameter sets.
Performance characteristics include moderate trade frequency, historically positive expectancy, and drawdown control through configurable risk limits. Use the modular settings to tighten stops or reduce allowed simultaneous trades during range-bound or highly volatile conditions. Obsidian Code v2 is practical for traders who value transparency, frequent parameter testing, and MT5-native performance reporting.
Risk notes
Obsidian Code v2 presents a moderate risk profile when used with recommended settings. The EA supports configurable stop loss strategies, including fixed pip stops and ATR-based dynamic stops, allowing adaptation to current volatility. Vulnerabilities include sudden news-driven spikes and extended low-volatility ranges where filters may generate whipsaw trades.
Listed strengths
- Modular design for flexible parameter testing
- Optimized specifically for EUR/USD H1 timeframe
- Low upfront cost at thirty dollars
- Supports percent risk and fixed lot sizing
- Clear developer presence on MT5 marketplace
Worth checking
- Moderate drawdowns during high-volatility news
- Requires configuration to match broker conditions
Setup
Install Obsidian Code v2 by placing the EA file into MT5 Experts folder and restarting the platform so the EA appears in the Navigator panel. Attach the EA to an H1 EUR/USD chart and enable automated trading in MT5, making sure Allow DLL imports is set only if required by your broker. Key parameters to configure include risk percent per trade, maximum simultaneous trades, stop loss mode (fixed or ATR), and maximum spread filter. Use an ECN or STP broker with low EUR/USD spreads and consider a 24/7 VPS for stability. Run a 3-month demo forward test and shorter walk-forward tests before allocating live capital.
Free to try · from FxRobotEasy
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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
Obsidian Code v2 or Trendopedia AI?
| Obsidian Code v2 | Trendopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Jose Ramon Rosaenz Carmona | FxRobotEasy |
Obsidian Code v2 — questions
What is Obsidian Code v2?
Obsidian Code v2 is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Jose Ramon Rosaenz Carmona, priced at $30 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 Obsidian Code v2 use?
Performance characteristics include moderate trade frequency, historically positive expectancy, and drawdown control through configurable risk limits. Use the modular settings to tighten stops or reduce allowed simultaneous trades during range-bound or highly volatile conditions. Obsidian Code v2 is practical for traders who value transparency, frequent parameter testing, and MT5-native performance reporting.
Does Obsidian Code v2 work on MT4 or MT5?
Obsidian Code v2 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 Obsidian Code v2 cost?
Obsidian Code v2 is a paid product listed at $30 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-15. It is sold and downloaded through the developer's (Jose Ramon Rosaenz Carmona) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Obsidian Code v2?
FxRobotEasy has not traded Obsidian Code v2 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 Obsidian Code v2 elsewhere comes from its developer or from a third party.
How is Obsidian Code v2 installed and set up?
Install Obsidian Code v2 by placing the EA file into MT5 Experts folder and restarting the platform so the EA appears in the Navigator panel. Attach the EA to an H1 EUR/USD chart and enable automated trading in MT5, making sure Allow DLL imports is set only if required by your broker. Key parameters to configure include risk percent per trade, maximum simultaneous trades, stop loss mode (fixed or ATR), and maximum spread filter. Use an ECN or STP broker with low EUR/USD spreads and consider a 24/7 VPS for stability. Run a 3-month demo forward test and shorter walk-forward tests before allocating live capital.
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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.