🧩 What is BlueDreams MT5?
BlueDreams MT5 is a grid-based recovery Expert Advisor (EA) that combines trend filtering, multi-indicator confirmation, dynamic grid spacing and drawdown reduction logic. From the settings shown, this EA is clearly designed for medium–high frequency trading with controlled risk, rather than aggressive martingale scalping.
🧩 General & Interface Settings
- Magic Number: 147035
→ Ensures unique trade identification, safe for multi-EA usage. - Order Comment: BlueDreams
→ Useful for trade tracking and analytics. - On-Chart Panel & Visuals: Enabled
→ Includes panel display, profit labels, and optional grid lines (disabled for faster backtesting).
➡️ Evaluation: These settings are clean and professional, focusing on usability without overloading the chart during testing.
🧩 Trend & Indicator Configuration
- Trend Timeframe: H1 (1 Hour)
- Trend Filter: Exponential Moving Average (EMA)
🔶 Indicator Parameters:
- RSI Period: 7 (Median Price)
- CCI Period: 14 (Typical Price)
- Stochastic:
- %K = 5
- %D = 3
- Slowing = 3
- MA Method = Simple
Analysis:
This combination creates a fast-reacting momentum filter:
- RSI (7) → Early momentum detection
- CCI (14) → Market strength confirmation
- Stochastic → Entry timing precision
👉 Ideal for trend-following grid entries, reducing random trades in ranging noise.
🧩 Trade Limits & Execution Control
- Max Spread: 8 pips
- Max Slippage: 4 pips
- Max Lot Size: 3.0
- Max Buy Trades: 50
- Max Sell Trades: 50
Interpretation:
BlueDreams allows deep grid coverage, but enforces:
- Spread protection
- Lot size caps
This is essential for broker safety and slippage control during volatile conditions.
🧩 Hedging & Equity Protection
- Allow Hedge Trades: true
- Allow Hedge to Close: false
- Hedge Close Percent: 1.0%
- Close Trades if Equity Drops Below: 60%
- Only Open Trades Above Free Margin: 0%
Risk Insight:
The EA supports hedging as a defensive mechanism, not for aggressive exposure.
The 60% equity stop acts as a last-resort capital protection layer.
🧩 Trading Schedule
- Trading Days: Monday → Friday (enabled)
- Weekend Trading: Disabled
- Skip Monday Market Open: true
- Trade Hours: 01:00 – 23:00
Conclusion:
These settings reduce exposure to:
- Weekend gaps
- Low-liquidity market opens
Excellent for stable live trading conditions.
🧩 Risk Management
- Auto Money Management: false
- Risk Percent (if enabled): 0.5%
- Base Lot: 0.01
- Stop Loss / Take Profit: 0 (managed internally)
Assessment:
BlueDreams relies on grid recovery and trailing logic, not fixed SL/TP.
Using low base lot sizing significantly improves survivability.
🧩 Recovery & Grid Strategy
🔶 Recovery Logic:
- Position Multiplier: 1.2
- Multiplier Mode: Position Amount
- After Loss Reset Mode: Full Recovery
- Max Loss Count to Reset: 14
🔶 Grid Distance:
- Pip Step Method: Dynamic
- Dynamic Step Timeframe: M30
- Fixed Pip Step (fallback): 7 pips
Expert Insight:
This is a controlled grid system, not an aggressive martingale:
- Low multiplier (1.2)
- Dynamic spacing based on market behavior
- Reset mechanism prevents infinite drawdown cycles
🧩 Trade Exit & Profit Handling
- Trailing Stop: Enabled
- Start: 11 pips
- Step: 5 pips
- Move to: 0.5 pips
- Auto Close in Profit: Disabled
➡️ Implication: The EA allows profits to run while securing gains via trailing stop, instead of closing baskets too early.
🧩 Drawdown Reduction System
- Use Drawdown Reduction: true
- Reduce After Trades: 6
- Percent to Function: 4%
➡️ Key Advantage: This feature actively reduces position exposure once grid depth increases, helping stabilize equity during prolonged trends.
🧩 News Filter Settings
- News Filter: Disabled (but configured)
- High Impact News Filter: Enabled
- Stop Trading Before/After News: 120 minutes
- GMT Offset: +2
➡️ Evaluation: Although currently off, the configuration is professional and conservative, especially suitable for funded accounts when enabled.
🧩 Final Verdict – Is BlueDreams MT5 Worth Using?
✅ Strengths:
- Smart trend-filtered grid strategy.
- Conservative lot multiplier (1.2).
- Dynamic grid spacing.
- Built-in drawdown reduction.
- Equity protection & time filters.
- Suitable for prop firm and long-term accounts.
⚠️ Risks:
- No fixed Stop Loss (grid-dependent).
- Requires low starting lot size.
- Best performance depends on stable spreads.
⭐ Overall Conclusion
BlueDreams MT5 is a well-engineered, semi-conservative grid trading robot, optimized for traders who prioritize capital preservation, recovery logic, and long-term account survival over aggressive short-term gains.
When used with proper risk settings and reliable brokers, BlueDreams MT5 can be a solid choice for swing-based grid trading on major forex pairs.
