EA Lemon MT5 with SetFiles (Latest version) – GroupBuy
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Quick Verdict
EA Lemon MT5 is a fully automated night scalping Expert Advisor (EA) designed for MetaTrader 5 traders who want to capitalize on low-volatility market conditions during the Asian session and quiet trading hours. The system combines RSI overbought/oversold analysis, grid recovery techniques, dynamic lot scaling, and customizable risk controls to create a flexible automated trading solution.
With support for multiple major currency pairs, automatic lot progression, and extensive configuration options, EA Lemon MT5 is suitable for traders seeking a structured night trading strategy with strong profit potential.
Best For
✅ Traders who prefer night scalping strategies
✅ EURUSD, GBPUSD, AUDUSD and USDCAD traders
✅ Users looking for automated RSI-based entries
✅ Traders comfortable with grid recovery systems
✅ ECN account holders with low spreads
✅ Traders seeking long-term automated portfolio diversification
Overall Rating
⭐⭐⭐⭐⭐ 8.5/10
| Category | Score |
|---|---|
| Strategy Design | 8.7/10 |
| Profit Potential | 8.8/10 |
| Risk Management | 8.1/10 |
| Ease of Use | 8.5/10 |
| Broker Compatibility | 8.4/10 |
| Long-Term Stability | 8.3/10 |
What is EA Lemon MT5?
EA Lemon MT5 is an automated trading robot built around a night scalping methodology that uses RSI overbought and oversold conditions to identify potential reversal opportunities.
Unlike traditional scalping systems that rely on high-frequency entries, EA Lemon MT5 focuses on identifying market exhaustion during quieter trading sessions. When the market moves against an existing position, the EA can activate a controlled grid recovery mechanism designed to improve the average entry price.
The system incorporates:
🔹 RSI-based trade filtering.
🔹 Dynamic lot progression.
🔹 Grid management.
🔹 Automatic lot scaling.
🔹 Spread protection.
🔹 Session control settings.
🔹 Risk management parameters.
This combination creates a flexible framework suitable for both conservative and aggressive traders.
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EA Lemon MT5 Review
How Does EA Lemon MT5 Work?
RSI-Based Market Analysis
The core strategy uses the Relative Strength Index (RSI) to detect potentially overbought and oversold market conditions.
By default:
🔹 RSI Upper Level = 60
🔹 RSI Lower Level = 87
🔹 RSI MA Period = 37
The EA analyzes RSI behavior and searches for opportunities where price may be approaching exhaustion.
Night Scalping Logic
The strategy is specifically designed for night trading conditions when volatility is generally lower and price tends to move within defined ranges.
This environment often provides favorable conditions for mean-reversion trading.
Grid Recovery System
When a position moves into temporary drawdown, EA Lemon MT5 can open additional positions according to predefined grid rules.
Default Grid Settings
🔹 Grid Step = 257 points
🔹 Lot Multiplier = 1.5
🔹 Maximum Orders = 10
This allows the EA to improve the average entry price and potentially close the entire basket at profit.
Dynamic Position Scaling
The system automatically increases lot size as account balance grows.
Default Configuration
🔹 Initial Lot Size = 0.01
🔹 Balance Increment = $1,000
🔹 Auto Lot Scaling Enabled
This helps traders compound gains over time without manual intervention.
Key Features of EA Lemon MT5
Advanced RSI Filtering
EA Lemon MT5 uses customized RSI parameters rather than standard indicator settings.
Key Benefits
🔹 Improved signal filtering
🔹 Reduced false entries
🔹 Better night-session trade selection
🔹 Adaptive market analysis
Dynamic Grid Management
The EA incorporates a structured recovery model with controlled order spacing.
Configuration
🔹 Grid Distance = 257 points
🔹 Lot Multiplier = 1.5
🔹 Maximum Active Orders = 10
This helps manage temporary adverse price movements.
Automatic Lot Progression
The lot sizing system automatically adjusts position volume as account equity grows.
Advantages
🔹 Portfolio growth automation
🔹 Reduced manual management
🔹 Consistent scaling logic
Spread Protection
Max Spread = 500
The EA avoids opening new trades during unfavorable spread conditions, helping improve execution quality.
Flexible Session Control
Although disabled by default, traders can activate time filters and specify custom trading windows.
Available Session Settings
🔹 Start Time = 06:00
🔹 End Time = 22:30
Historical Backtest Performance
The supplied backtest demonstrates strong long-term profitability under the tested configuration.
Backtest Summary
EA Lemon MT5 Backtest
| Metric | Result |
|---|---|
| Initial Deposit | $1,000 |
| History Quality | 100% |
| Total Net Profit | $6,599,964.44 |
| Profit Factor | 4.17 |
| Recovery Factor | 4.79 |
| Total Trades | 212 |
| Winning Trades | 76.89% |
| Maximum Balance Drawdown | 10.87% |
| Maximum Equity Drawdown | 18.24% |
Equity Curve Analysis
EA Lemon MT5 Backtest Results
The equity curve displays:
🔹 Consistent long-term growth.
🔹 Gradual account expansion.
🔹 Stable recovery after drawdowns.
🔹 Strong profit acceleration during trending periods.
This suggests a robust balance between profitability and risk control.
Why EA Lemon MT5 Stands Out
Specialized Night Scalping Strategy
Many EAs attempt to trade all market conditions.
EA Lemon MT5 focuses specifically on night-session opportunities, where market behavior is often more predictable.
RSI-Based Entry Precision
The system uses customized RSI parameters to identify potential reversal zones with greater accuracy.
Balanced Grid Recovery
Unlike aggressive Martingale systems, EA Lemon MT5 uses a moderate lot multiplier of 1.5, helping control position growth.
Multi-Currency Portfolio Potential
The EA can operate across several major currency pairs, making diversification easier.
Proven Long-Term Concept
The strategy combines three proven trading principles:
🔹 Mean reversion
🔹 RSI exhaustion analysis
🔹 Grid recovery management
Risk Management Features
Fixed Stop Loss Protection
Stop Loss = 1000 Points
Every trade basket operates within predefined loss parameters.
Controlled Grid Expansion
Maximum Orders = 10
The EA limits the number of active recovery trades to prevent unlimited exposure.
Moderate Lot Multiplier
MultiplierLot = 1.5
This multiplier is significantly lower than many aggressive grid systems.
Spread Filter
MaxSpread = 500
The EA avoids unfavorable trading conditions caused by excessive spreads.
Auto-Lot Scaling
Position sizes grow according to account performance rather than increasing arbitrarily.
Recommended Trading Conditions
Recommended settings and parameters to pay attention to from developers and experts:
Optimal Setup
| Parameter | Recommendation |
|---|---|
| Platform | MetaTrader 5 |
| Account Type | ECN |
| Minimum Deposit | $500 per pair |
| Recommended Deposit | $1,000+ |
| Leverage | 1:500 or higher |
| VPS | Strongly Recommended |
| Execution Type | Low-Latency |
| Timeframe | M15 |
Recommended Currency Pairs
Primary Pairs
🔹 EURUSD
🔹 GBPUSD
🔹 AUDUSD
🔹 USDCAD
These pairs generally offer lower spreads and better conditions for night scalping strategies.
Weaknesses and Risk Warnings
Grid Trading Risk
The EA uses a grid recovery mechanism.
Extended one-directional market movements can increase floating drawdown.
Lot Progression Exposure
Although the multiplier is moderate, repeated recovery trades can increase overall account exposure.
Broker Dependency
The strategy performs best with:
🔹 ECN accounts
🔹 Low spreads
🔹 Minimal slippage
Poor execution quality may negatively impact results.
Market Regime Changes
Night scalping strategies may experience reduced effectiveness during:
🔹 High-volatility environments
🔹 Major economic events
🔹 Unexpected geopolitical developments
Optimization May Be Required
Different brokers may require adjustments to:
🔹 Grid Step
🔹 RSI Levels
🔹 Spread Filters
🔹 Lot Settings
to achieve optimal performance.
Who Should Use EA Lemon MT5?
Ideal For
✔ Traders seeking night scalping opportunities
✔ Users comfortable with grid recovery systems
✔ Traders looking for automated RSI-based trading
✔ Multi-pair portfolio traders
✔ ECN account users
✔ Intermediate and advanced traders
Not Ideal For
✖ Traders who avoid grid strategies
✖ Investors seeking ultra-low-risk systems
✖ Traders unwilling to monitor drawdowns
✖ Users with very small trading capital
✖ Traders expecting fully passive operation
Product Download Package?
The download package of the product suite includes:
Experts
Setting (If Any).docx
Installation Guide.docx
SetFiles
M15_GBPUSD.set
Lemon_EURUSD_m30.set
Lemon_M15_USD_300.set
Lemon_NZD_M15_More_deals.set
Reviewed by David Easton
Final Verdict
EA Lemon MT5 is a sophisticated night scalping Expert Advisor that combines RSI-based market analysis, structured grid recovery, dynamic lot progression, and flexible risk controls into a highly customizable automated trading solution.
The supplied backtest demonstrates impressive performance, delivering $6.59 million in net profit from a $1,000 starting balance, while maintaining a 76.89% win rate, Profit Factor of 4.17, and relatively controlled drawdown levels. These results highlight the strength of the EA’s night scalping and recovery methodology.
For traders looking for an automated MT5 solution focused on night-session opportunities, major currency pairs, and configurable risk management, EA Lemon MT5 stands out as a powerful and versatile trading system with strong long-term profit potential when used with proper money management and disciplined risk control.
🔢 EA Lemon MT5 – Complete Settings Guide and Parameter Explanation
EA Lemon MT5 is an automated MetaTrader 5 trading robot that combines grid trading, RSI-based market analysis, dynamic lot scaling and customizable risk management.
The EA allows traders to control position sizing, profit targets, grid expansion, spread protection, trading sessions, and RSI filtering parameters, making it suitable for both conservative and aggressive trading approaches.
EA Lemon MT5 Settings
🔢 EA Lemon MT5 Settings Overview
EA Lemon MT5 Settings Panel
🔹 Lotfx = 0.01 – Defines the initial trading lot size used when opening the first position.
🔹 Balance amount to increase auto lot size = 1000.0 – Specifies the account balance increment required before the EA automatically increases the lot size.
🔹 TakeProfit = 100 – Sets the profit target at 100 points before closing profitable trades.
🔹 StopLoss = 1000 – Defines the maximum allowable loss of 1000 points for trade protection.
🔹 MultiplierLot = 1.5 – Multiplies the lot size by 1.5 for subsequent grid or recovery positions.
🔹 StepGrid = 257 – Sets the distance of 257 points between grid orders.
🔹 MaxOrder = 10 – Limits the maximum number of simultaneously opened orders to 10.
🔹 MaxSpread = 500 – Prevents trading when the spread exceeds 500 points.
🔹 Magic = 2215 – Unique identifier used by EA Lemon MT5 to manage and track its own trades.
🔹 FilterTime = false – Disables the trading time filter, allowing trading throughout the day.
🔹 StartTime = 06:00 – Defines the trading session start time when the time filter is enabled.
🔹 EndTime = 22:30 – Defines the trading session end time when the time filter is enabled.
🔹 levelUp = 60 – Upper RSI threshold used for trade signal generation or filtering.
🔹 levelDw = 87 – Lower RSI threshold or additional RSI condition used by the strategy.
🔹 MaPeriodRSI = 37 – Moving Average period applied to RSI calculations.
🔹 AppliedPriceRSI = Close price – Uses the closing price as the source for RSI calculations.
🔹 symbolRSI – Allows selection of a specific symbol for RSI calculations; currently left blank.
🔹 PeriodRSI = current – Uses the current chart timeframe for RSI analysis.
🔢 Detailed Parameter Explanations
🔶 Trading and Risk Management Settings
🔹 Lotfx (0.01) – Controls the starting lot size for new trades.
🔹 Balance amount to increase auto lot size (1000.0) – Every 1000 units of balance growth can trigger automatic lot scaling.
🔹 TakeProfit (100) – Closes positions automatically after reaching 100 points of profit.
🔹 StopLoss (1000) – Protects the account by limiting losses to 1000 points.
🔹 MultiplierLot (1.5) – Increases position size by a factor of 1.5 when opening additional grid trades.
🔹 StepGrid (257) – Determines how far price must move before a new grid order is opened.
🔹 MaxOrder (10) – Prevents excessive exposure by limiting the total number of active trades.
🔹 MaxSpread (500) – Acts as a spread filter to avoid trading during unfavorable market conditions.
🔹 Magic Number (2215) – Ensures the EA only manages its own positions.
🔶 Time Filter Settings
🔹 FilterTime (false) – Time restrictions are currently disabled.
🔹 StartTime (06:00) – Trading can begin at 06:00 when the time filter is enabled.
🔹 EndTime (22:30) – Trading stops at 22:30 when the time filter is enabled.
🔶 RSI Strategy Settings
🔹 levelUp (60) – Defines the upper RSI signal level used in the strategy.
🔹 levelDw (87) – Defines the lower RSI threshold or overbought/oversold condition according to the EA logic.
🔹 MaPeriodRSI (37) – Smooths RSI readings using a 37-period moving average.
🔹 AppliedPriceRSI (Close price) – RSI calculations are based on candle closing prices.
🔹 symbolRSI (blank) – Allows RSI analysis on another symbol if specified.
🔹 PeriodRSI (current) – Uses the active chart timeframe for indicator calculations.
🔢 EA Lemon MT5 Configuration Summary
🔹 Initial Lot Size: 0.01
🔹 Balance Step for Auto Lot: 1000.0
🔹 Take Profit: 100 points
🔹 Stop Loss: 1000 points
🔹 Lot Multiplier: 1.5
🔹 Grid Distance: 257 points
🔹 Maximum Orders: 10
🔹 Maximum Spread: 500 points
🔹 Magic Number: 2215
🔹 Trading Time Filter: Disabled (false)
🔹 Trading Session: 06:00 – 22:30
🔹 RSI Upper Level: 60
🔹 RSI Lower Level: 87
🔹 RSI MA Period: 37
🔹 RSI Price Source: Close price
🔹 RSI Timeframe: Current chart timeframe
🔢 Conclusion
EA Lemon MT5 is a flexible automated trading system that combines grid management, RSI filtering, dynamic lot progression and risk control mechanisms.
With configurable parameters such as Lotfx 0.01, MultiplierLot 1.5, StepGrid 257, MaxOrder 10, and advanced RSI settings, traders can adapt the EA to different market conditions while maintaining structured risk management.
Proper optimization and testing are recommended before deploying the EA on a live trading account.
🔢 FAQs
❓ What is the purpose of Lotfx in EA Lemon MT5?
Lotfx defines the initial lot size used when opening the first trade, with a default value of 0.01.
❓ How does MultiplierLot = 1.5 work?
It increases the size of subsequent positions by 1.5 times, commonly used in grid or recovery strategies.
❓ What does StepGrid = 257 mean?
The EA will open additional grid positions every 257 points of price movement.
❓ Why is MaxSpread set to 500?
This spread filter prevents trading when market spreads exceed 500 points, helping avoid poor execution conditions.
❓ Can I restrict trading to specific hours?
Yes. By changing FilterTime from false to true, the EA will only trade between 06:00 and 22:30 according to the configured session settings.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is EA Lemon MT5?
EA Lemon MT5 is an automated night scalping system that uses RSI overbought and oversold conditions combined with grid trading and risk management tools.
❓ How does EA Lemon MT5 generate trading signals?
EA Lemon MT5 analyzes RSI levels during low-volatility periods and opens trades when market conditions indicate potential overbought or oversold zones.
❓ Which currency pairs are recommended for EA Lemon MT5?
EA Lemon MT5 is commonly recommended for EURUSD, GBPUSD, AUDUSD, and USDCAD, where its night scalping strategy can perform effectively.
❓ How does the grid system work in EA Lemon MT5?
EA Lemon MT5 opens additional positions at predefined price intervals, using a grid distance setting to manage recovery opportunities during market moves.
❓ What does the MultiplierLot setting do in EA Lemon MT5?
EA Lemon MT5 increases the size of subsequent positions by a configurable multiplier, helping manage recovery cycles and basket profitability.
❓ Can EA Lemon MT5 automatically increase lot sizes?
EA Lemon MT5 supports automatic lot scaling, increasing position sizes as account balance grows according to predefined balance thresholds.
❓ Does EA Lemon MT5 include spread protection?
EA Lemon MT5 uses a maximum spread filter that blocks new entries when trading costs exceed acceptable levels during unfavorable conditions.
❓ Can trading hours be controlled in EA Lemon MT5?
EA Lemon MT5 includes an optional time filter that allows traders to restrict activity to specific trading sessions and operating hours.
❓ What account conditions are recommended for EA Lemon MT5?
EA Lemon MT5 is recommended for ECN accounts with leverage of 1:500 or higher and a minimum deposit of approximately $500 per trading pair.
❓ Why do traders choose EA Lemon MT5?
EA Lemon MT5 attracts traders with its RSI-based night scalping strategy, flexible grid management, automatic lot progression, and configurable risk controls.
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