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Spectrum Bars (MT5) — review, price and free alternatives
MT5 indicator$39 on MQL5by Osmar Santiago
Spectrum Bars is a MetaTrader 5 indicator by Osmar Santiago, 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.
Spectrum Bars — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Osmar Santiago
- Price
- $39
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Spectrum Bars on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Spectrum Bars is a candle coloring indicator that reveals, in real time, the strength and quality of every market move.
Before you buy Spectrum Bars
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Spectrum Bars
Compiled from its public MQL5 listing. FxRobotEasy has not traded Spectrum Bars; what these notes say about how it works comes from that listing.
Overview
Spectrum Bars by Osmar Santiago represents a comprehensive automated trading solution for MT5 traders. What sets Spectrum Bars apart is its balanced approach to trade execution and capital preservation.
Risk notes
Spectrum Bars 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 Osmar Santiago
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Spectrum Bars 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 to try · from FxRobotEasy
Prefer a robot that trades for you?
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.
FxRobotEasy on Telegram
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
Spectrum Bars or Trendopedia AI?
| Spectrum Bars | Trendopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($39) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Osmar Santiago | FxRobotEasy |
Spectrum Bars — questions
What is Spectrum Bars?
Spectrum Bars is a MetaTrader 5 indicator published on the MQL5 Market by Osmar Santiago, priced at $39 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Spectrum Bars work on MT4 or MT5?
Spectrum Bars 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 Spectrum Bars cost?
Spectrum Bars is a paid product listed at $39 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-04-06. It is sold and downloaded through the developer's (Osmar Santiago) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Spectrum Bars?
FxRobotEasy has not traded Spectrum Bars 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 Spectrum Bars elsewhere comes from its developer or from a third party.
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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.