How to Legally Download Razor EA MT4 (2026 Guide)

Last updated: March 2026 • Latest Version analysis

30 Second Overview of Razor EA

Razor EA is a fully automated multi-currency mean reversion system for MetaTrader 4 that trades AUDCAD, AUDNZD and NZDCAD simultaneously from a single chart on the M15 timeframe. Developed by Anton Kondratev (MQL5 username: antonkon), it tracks strong return movements in the AUD, CAD and NZD currency triangle. The EA uses a high-precision scalper mechanism for initial entries, then activates a grid mechanism during small drawdowns to increase income — all protected by a fixed stop loss and built-in drawdown cap.

The philosophy: Razor exploits mean reversion — the tendency of the AUD/CAD/NZD currency triangle to revert to equilibrium after strong moves. Rather than chasing trends, it waits for overextension in one direction, then enters expecting a return to the mean. A market volatility filter prevents entries during unstable conditions, and a FOMC/NonFarm Strong News Filter (SNF) blocks new trades around high-impact economic events. All parameters are open and fully customisable — you can optimise the EA for other pairs including Gold.

The developer: Anton Kondratev has built a substantial portfolio on MQL5 including Razor (MT4/MT5), Divo, Aurum (Gold), Enza, Zeno (Gold), Nova (DAX), Dow King (US30), Bitcoin EA, Revera and Agera. He maintains an active blog on MQL5 with educational content on backtesting, broker selection, GMT configuration and optimisation methodology. His Telegram community (@AmazeMQL5) and 997 MQL5 friends indicate significant community engagement.

The numbers: The MQL5 live signal has been running for 172 weeks (3+ years) on Tickmill with 1,322% growth and $6,492 withdrawn in profits. The 8-year backtest (2014–2022) turned $500 into $2,602,514 with a 4.31 profit factor, 0.98 LR correlation, and 76.26% win rate across 7,906 trades. The system was profitable every single year, with the profit factor never dropping below 3.69. On MQL5, the current price is $745 (MT4). At CheaperForex: $299.95.

Our call: Razor’s 172-week live signal is one of the longest verified track records on the MQL5 marketplace — on par with Boring Pips for sheer longevity. The fact that it’s been profitable every year for 8 years in backtesting, and has 3+ years of live verification with real withdrawals, puts it in elite territory. The mean reversion approach on the AUD/CAD/NZD triangle is well-suited to these historically range-bound pairs. The main caveat is that it does use a grid mechanism during drawdowns (albeit with a fixed SL and drawdown cap), which carries inherent risk during extended directional moves. The open parameters and multi-product portfolio from the developer suggest genuine expertise rather than a single-trick operation. At $299.95 via CheaperForex vs $745 on MQL5, you’re saving ~60% on one of the most battle-tested multi-currency EAs available.

Rating: 4/5 ⭐⭐⭐⭐ — Battle-Tested Multi-Currency Mean Reversion EA With 172-Week Live Signal and 8-Year Profitable Backtest

The Developer: Anton Kondratev

Anton Kondratev (MQL5 username: antonkon) is an active developer with a broad portfolio spanning forex, Gold, indices and crypto. His products include Razor (MT4/MT5, his flagship forex EA), Divo (multi-currency), Aurum (Gold on M15), Enza (AUDCAD/AUDNZD/NZDCAD), Zeno (Gold on H1/H4), Nova (DAX/GER40 on H1), Dow King (US30 on M15), Bitcoin EA, Revera (EURUSD/AUDUSD/AUDCAD) and Agera (Gold). This depth across multiple asset classes and strategies demonstrates genuine development capability.

Kondratev is notably transparent about his methodology. His MQL5 blog includes detailed posts on how to properly backtest on MT4, how to determine your broker’s GMT offset, how to check broker conditions, and how to optimise EA parameters — all published freely for the community. Reviews of his other products consistently praise his support quality and willingness to help with settings.

A reviewer of his Agera EA noted: they also own Razor and that it “performs very well,” praising Anton’s “support and dedication” and his willingness to “always take time to explain things and help out with the settings.” This cross-product validation from actual customers reinforces the developer’s credibility.

How Razor EA Trades

Razor operates on the M15 timeframe trading three currency pairs — AUDCAD, AUDNZD and NZDCAD — simultaneously from a single chart. This triangular approach exploits the interrelationship between the Australian Dollar, Canadian Dollar and New Zealand Dollar.

Entry Logic — Mean Reversion:

The core strategy tracks strong movements in the AUD/CAD/NZD currency triangle and enters when the system identifies overextension. The EA initially uses a high-precision scalper mechanism to open positions when prices deviate from their mean. A market volatility filter prevents entries during unstable or abnormal conditions, ensuring the EA only trades when mean reversion is statistically likely.

Drawdown Management — Grid With Fixed SL:

When initial scalper entries move into drawdown, Razor activates a grid mechanism that opens additional trades to increase income during the recovery phase. Critically, the system maintains a fixed stop loss and allows you to specify a maximum possible drawdown limit. The grid can add up to 6 additional trades during a drawdown. This is an important distinction from uncontrolled grid systems — the SL and drawdown cap prevent unlimited exposure accumulation.

Safety Features:

• Fixed Stop Loss on the system — defines the absolute worst case.

• Maximum Drawdown Protection — you specify the maximum acceptable drawdown; the EA stops opening new trades once reached.

• FOMC/NonFarm Strong News Filter (SNF) — automatically blocks new entries around high-impact US economic events.

• Market Volatility Filter — prevents entries during abnormal market conditions.

• Slippage and Spread Protection — automatically adapts to large spreads.

Open Parameters:

Unlike many EAs that lock down their settings, Razor has completely open parameters. You can optimise the EA for any currency pair or instrument, including Gold. The developer provides bonus settings for alternative configurations and actively helps customers create custom optimisations. This openness is unusual and suggests genuine confidence in the underlying strategy.

Live Performance, Backtests & Reviews

MQL5 Live Signal — 172 Weeks

Razor’s live signal on Tickmill is one of the longest-running on the MQL5 marketplace:

The 172-week duration is exceptional. Most EA signals last weeks or months before being removed. Three years of continuous verified trading on a real broker — with actual profit withdrawals — places Razor in the top tier of live-verified EAs.

Backtest Results (2014–2022, 8 Years)

MQL5 Reviews

The MT4 version has 1 verified review (5★), while the MT5 version has 3 reviews (5★). A reviewer described the developer as “very nice to talk to” with “all suggestions welcome and definitely added to the next update,” and reported 100% win rate on AUDCAD. A reviewer of another Kondratev product who also owns Razor confirmed it “performs very well” with “great support and dedication.”

The review count is low (4 total across MT4/MT5), but the reviews that exist are genuinely positive and substantive. The 172-week live signal is a far more reliable indicator of EA quality than review volume — the signal proves the system works over extended real-world conditions.

Settings & Requirements

How to Download Razor EA

What You Receive

• Latest Version — the .ex4 file delivered instantly after purchase

• Free updates for all future versions

• Optimised presets — ready-to-use configuration files for default and alternative setups

• Step-by-step installation guide with screenshots

• Bonus settings and broker/VPS recommendations from the developer

Installation Steps

1. Purchase Razor EA from CheaperForex — instant download after payment.

2. Open MetaTrader 4 → File → Open Data Folder → MQL4 → Experts → paste the EA file.

3. Restart MT4. Razor will appear in your Navigator panel under Expert Advisors.

4. Open an AUDCAD M15 chart. Drag Razor EA onto the chart.

5. Enable AutoTrading (the green button in the MT4 toolbar).

6. Load the provided preset file or use default settings. The EA will trade all three pairs (AUDCAD, AUDNZD, NZDCAD) from this single chart.

7. Ensure your broker’s GMT offset is correctly configured in the EA settings.

Frequently Asked Questions

What currency pairs does Razor EA trade?

By default, Razor trades AUDCAD, AUDNZD and NZDCAD simultaneously from a single AUDCAD M15 chart. These three pairs form a currency triangle (AUD, CAD, NZD) whose interrelationships create mean reversion opportunities. Because all parameters are open, you can also optimise the EA for other pairs including Gold.

Does Razor EA use martingale or grid?

Razor uses a high-precision scalper for initial entries. During small drawdowns, it activates a grid mechanism that can add up to 6 additional trades. However, the system maintains a fixed stop loss and configurable maximum drawdown limit — it is not an uncontrolled grid. The developer describes it as “not simple grid” with SL protection on the overall system.

How long has the live signal been running?

The MQL5 live signal has been running for 172 weeks (over 3 years) on Tickmill, showing 1,322% growth with $6,492 in real profits withdrawn. This is one of the longest verified live track records on the MQL5 marketplace.

Is Razor EA profitable every year?

In backtesting from 2014 to 2022, the system was profitable every single year. The profit factor ranged from 3.69 to 5.44, and the win rate improved from 72% to 83% over the period. The 2020 COVID year produced a 4.39 profit factor — the system handled extreme volatility well.

What is the minimum deposit?

$500 is the recommended minimum for the default settings. The EA supports adaptive lot sizing and can work with smaller accounts, but higher capital provides more breathing room for the grid recovery mechanism during drawdown phases.

Can I use Razor on a prop firm account?

Yes. The developer provides special FTMO and prop firm settings. Contact the developer after purchase for these specific configurations. The fixed SL and drawdown cap make it compatible with prop firm rules when configured correctly.

Is there an MT5 version?

Yes. Razor is available for both MetaTrader 4 and MetaTrader 5. The MT5 version supports multi-currency backtesting and has open parameters identical to the MT4 version. Both share the same core strategy.

Get Razor EA MT4 at CheaperForex →

Our Assessment

Bottom line: Razor EA is one of the most battle-tested multi-currency EAs on the MQL5 marketplace. The 172-week live signal with 1,322% growth and real profit withdrawals is the kind of evidence most EA developers can only dream of providing. The 8-year backtest being profitable every single year — including 2020’s COVID chaos — demonstrates remarkable resilience. The mean reversion approach on the AUD/CAD/NZD triangle is well-matched to these historically range-bound, correlated pairs. The grid mechanism during drawdowns is a legitimate concern, but the fixed SL and configurable drawdown cap provide guardrails that most grid EAs lack. The open parameters and active developer support add genuine value for traders who want to customise beyond the defaults. We rate this 4/5 — a proven, long-running mean reversion system with exceptional live verification, backed by a transparent developer with a substantial product portfolio. At $299.95 via CheaperForex vs $745 on MQL5, it’s one of the best value propositions in the multi-currency EA space.