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Smart Radar (MT5) — review, price and free alternatives
MT5 expert advisorfree on MQL5by Alex Amuyunzu Raymond
Smart Radar is a free MetaTrader 5 expert advisor by Alex Amuyunzu Raymond 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.
Smart Radar — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Developer
- Alex Amuyunzu Raymond
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Smart Radar on a live account and publishes no broker-verified performance record for it.
Last updated
Before you use Smart Radar
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 Smart Radar
Compiled from its public MQL5 listing. FxRobotEasy has not traded Smart Radar; what these notes say about how it works comes from that listing.
Overview
The review examines live-account samples, backtest overlays, and forward testing to quantify returns, drawdown, and trade quality. The first section explains what makes Smart Radar unique, including its institutional order flow filters and liquidity zone detection that differ from standard indicator-based EAs.
Smart Radar uses a layered algorithm that scans market structure, identifies institutional supply and demand zones, and times entries when order flow momentum aligns with liquidity sweeps. The EA adapts position sizing and stop levels to prevailing volatility and supports fixed-risk and fixed-lot modes. It handles trending markets and structured ranging conditions well when higher timeframes are clean, while weaker performance can occur during news spikes and erratic low-liquidity sessions. Risk management is integral: Smart Radar includes daily risk caps, maximum consecutive loss limits, and configurable max drawdown stops. Expected performance characteristics typically emphasize steady compounded growth with controlled drawdowns rather than aggressive monthly returns. In practice, Smart Radar produced a consistent trade quality profile with emphasis on positive expectancy and long-term equity growth across diversified currency pairs.
Risk notes
Smart Radar operates at a moderate risk profile when configured conservatively. The default approach emphasizes position sizing tied to percentage risk per trade and uses volatility-adjusted stop losses to limit tail risk. Traders can choose fixed fractional sizing or fixed lot modes; fixed fractional sizing is recommended to preserve equity during drawdown phases. Vulnerabilities include susceptibility during major economic news and very low-liquidity holiday sessions, where slippage and order delays can inflate losses. Smart Radar includes built-in daily loss limits to reduce prolonged exposure.
Listed strengths
- Institutional order flow-based entry logic
- Configurable risk settings and position sizing
- Clear trade logging and equity curve reports
- Works natively on MT5 with multi-timeframe analysis
Worth checking
- Performance degrades during major news events
- Requires a learning curve to tune parameters
- Not optimized for extremely low-liquidity pairs
- No fixed-price information provided in listing
Setup
Install Smart Radar by copying the EA file into your MT5 Experts folder and restarting the platform so it appears in the Navigator. Attach Smart Radar to the desired chart and enable automated trading, then load a recommended template if provided by the developer. Key parameters to configure include percent risk per trade, maximum daily loss, maximum concurrent trades, and allowed symbols. Choose a regulated broker with low spreads and reliable order execution, preferably with micro-lot support for small accounts. Optimal chart timeframes are H1 and H4 for signal generation, and backtest extensively in the MT5 Strategy Tester before live deployment.
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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.
Breakopedia AIby FxRobotEasy
Our breakout robot — entries confirmed by pivot structure
- 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 Breakopedia 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
- Breakopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Smart Radar or Breakopedia AI?
| Smart Radar | Breakopedia 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 | Alex Amuyunzu Raymond | FxRobotEasy |
Smart Radar — questions
What is Smart Radar?
Smart Radar is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Alex Amuyunzu Raymond, 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 Smart Radar use?
Smart Radar uses a layered algorithm that scans market structure, identifies institutional supply and demand zones, and times entries when order flow momentum aligns with liquidity sweeps. The EA adapts position sizing and stop levels to prevailing volatility and supports fixed-risk and fixed-lot modes. It handles trending markets and structured ranging conditions well when higher timeframes are clean, while weaker performance can occur during news spikes and erratic low-liquidity sessions. Risk management is integral: Smart Radar includes daily risk caps, maximum consecutive loss limits, and configurable max drawdown stops. Expected performance characteristics typically emphasize steady compounded growth with controlled drawdowns rather than aggressive monthly returns. In practice, Smart Radar produced a consistent trade quality profile with emphasis on positive expectancy and long-term equity growth across diversified currency pairs.
Does Smart Radar work on MT4 or MT5?
Smart Radar 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 Smart Radar free to download?
Yes -- Smart Radar is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2025-12-30. The file is downloaded from the developer's (Alex Amuyunzu Raymond) product page on mql5.com and installed into MetaTrader 5.
Is there a verified track record for Smart Radar?
FxRobotEasy has not traded Smart Radar 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 Smart Radar elsewhere comes from its developer or from a third party.
How is Smart Radar installed and set up?
Install Smart Radar by copying the EA file into your MT5 Experts folder and restarting the platform so it appears in the Navigator. Attach Smart Radar to the desired chart and enable automated trading, then load a recommended template if provided by the developer. Key parameters to configure include percent risk per trade, maximum daily loss, maximum concurrent trades, and allowed symbols. Choose a regulated broker with low spreads and reliable order execution, preferably with micro-lot support for small accounts. Optimal chart timeframes are H1 and H4 for signal generation, and backtest extensively in the MT5 Strategy Tester before live deployment.
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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.