All EAs
MT5
The Fisherman EA
"Fishes" for quick retracements inside major trends.
Strategy
Trend pullback
Markets
Forex, indices
Timeframe
M15 – H4
Platform
MT5
About this EA
The Fisherman EA hunts for short counter-trend moves inside a bigger trend. Different filters set the trend direction. Before opening a trade, the EA waits for a move against the trend — and uses those retracements as the entry trigger.
You get full control over lot size and trade management. Close everything at a specific time of day, or let the management logic finish the job. Download it and run your first backtests in the MT5 Strategy Tester.
Tutorial video
Disclaimer: I do not recommend specific inputs. The defaults are not necessarily optimal. Different symbols need different inputs. Past performance is not indicative of future results. Never trade with money you cannot afford to lose.