Our Customer Reviews
Real reviews from real customers, sourced from Trustpilot
Why is it so much cheaper?
Buy the latest version through CheaperForex, installed the proper way through the MQL5 marketplace. Identical to buying direct, just at a reseller price.
Logan MT5 EA
When the market does move against it, additional entries use ATR-adaptive spacing rather than fixed grid steps. Capital protection comes from a configurable daily drawdown limit, maximum spread protection and session filters. Three public live signals track it across two brokers at different risk levels.
- ✅ Selective entries, not constant trading — six conditions must align before a position opens (multi-timeframe EMA alignment, ADX trend strength, tick volume, ATR volatility range, spread check and candle momentum), so most trades close on the initial entry alone
- ✅ ATR-adaptive recovery spacing — when recovery is needed, order distance expands or contracts with real market volatility instead of using fixed grid steps
- ✅ Configurable daily drawdown limit — once realised plus floating losses hit your chosen percentage, the EA stops opening new positions for the rest of the day, with an option to close all trades immediately; it resets on the new trading day
A selective XAUUSD M15 grid-recovery system with real guardrails and three public live signals. Read our editorial review, which explains exactly how the recovery grid behaves, before deciding.
Original price was: $249.00.$124.95Current price is: $124.95.
Buy Official
Buy with Card
Secure checkout with card, Apple Pay or Google Pay. The price is shown above.
Buy with Crypto
Pay with BTC, ETH or USDT and save 20%, applied automatically at checkout.
Quick Summary:
Logan MT5 EA by Thierry Ouellet is a fully automated XAUUSD (Gold) Expert Advisor for MetaTrader 5, running on the M15 timeframe. It is a selective grid-recovery system — and the developer says so plainly rather than hiding it. Six entry conditions must align before a position opens, so the majority of trades close on the first entry without the recovery grid engaging; when recovery is needed, spacing adapts to current ATR instead of using fixed steps. Capital protection comes from a configurable daily drawdown limit, maximum spread protection and session filters. Three public live signals track it across two brokers at different risk levels.
Official MQL5 Listing:
Logan MT5 — MQL5 Marketplace
Live Signal (VT Markets, medium risk):
LoganEA — MQL5 live signal (VT Markets)
Live Signal (TitanFX, high risk):
Logan MT5 — MQL5 live signal (TitanFX, high risk)
Live Signal (TitanFX, extreme risk):
Logan MT5 — MQL5 live signal (TitanFX, extreme risk)
Why Logan MT5 EA
- Gold specialist on M15 — built specifically for XAUUSD rather than a generic multi-symbol EA
- Six-condition entry filter — multi-timeframe EMA alignment, ADX trend strength, tick volume against recent activity, ATR volatility range, spread suitability and candle momentum must all be satisfied before a trade opens
- Trades less, not more — selectivity means the majority of positions close on the initial entry without the recovery grid engaging
- ATR-adaptive recovery spacing — order distance expands or contracts with real volatility instead of using fixed grid steps
- Configurable daily drawdown limit — stops new positions once realised plus floating losses hit your chosen percentage, with an optional close-all, resetting the next trading day
- Execution filters — maximum spread protection and trading session filters restrict operation to suitable conditions and your preferred hours
- Broker profiles — a broker type setting applies the appropriate internal configuration, including a dedicated Exness profile
- Three public live signals — real-money monitoring across two brokers at different risk levels
Live Signal Snapshot
- Broker: VT Markets at 1:500 leverage, 5 weeks tracked
- Verifiable record: CAD 2,400 initial deposit to about CAD 2,925 equity — roughly 22% genuine growth with zero deposits and zero withdrawals
- Profit trades: 93.6% with 6.4% loss trades
- Max drawdown: 9.9%
- Max deposit load: 4.1% — low concurrent exposure, indicating the recovery grid stayed shallow
- Trading activity: 8.5% — selective rather than constant
The TitanFX account is the longer record at 12 weeks, with an 11.5% maximum drawdown and a 5.6% deposit load. Its headline growth percentage is distorted by deposits and withdrawals during tracking, so read the drawdown and deposit-load figures rather than the percentage. The full read on all three signals is in our editorial review, linked below.
EA Setup at a Glance
- Platform: MetaTrader 5
- Instrument: XAUUSD (Gold)
- Timeframe: M15
- Account type: Hedge or netting; ECN or Raw Spread recommended
- Minimum balance: $1,000 (0.01 lots); $2,000 or more recommended
- Leverage: 1:100 or higher
- Lot sizing: Fixed lot, or automatic sizing based on account balance
- Risk management: Configurable daily drawdown limit (with optional close-all), maximum spread protection, trading session filters
- Broker profiles: Default, plus a dedicated Exness setting
- Developer’s recommended brokers: VT Markets, TMGM, TitanFX, GlobalPrime, Vantage
- VPS: Recommended for uninterrupted operation
What You Receive
- Logan MT5 EA for MT5 — Latest Version
- Free updates as the developer releases them
- Developer’s recommended settings, where supplied
Risk Disclaimer
Logan MT5 is a grid-based recovery system. It combines ATR-adaptive grid spacing with dynamic lot progression when a position moves against it, and it does not use a fixed per-trade stop loss — positions in a basket are closed together when the basket reaches its profit objective, with the configurable daily drawdown limit acting as the capital-protection backstop. That design has real implications: while the published backtests show modest balance drawdowns, their equity drawdowns are two to four times larger, and that gap is the floating loss carried while a recovery basket is open. Both live signals show low deposit loads, indicating the grid stayed shallow in practice, but a grid system’s risk is concentrated in the rare adverse run rather than in day-to-day trading. Set the daily drawdown limit conservatively, use lot sizing appropriate to your balance rather than the maximum available, respect the minimum and recommended balances, test thoroughly on demo first, and only deploy capital you can afford to lose. The live records span roughly five and twelve weeks and the backtests roughly one year, so all are best treated as encouraging evidence rather than a long-term track record. Past performance does not guarantee future results.
Full Editorial Review
📖 Read our complete Logan MT5 EA review →
A full editorial breakdown: exactly how the recovery grid behaves and what the balance-versus-equity drawdown gap tells you, all three live signals read honestly, both risk-level backtests in context, the audit report in perspective, who the product suits, and our verdict.
FAQs
What is Logan MT5 EA?
A fully automated XAUUSD (Gold) Expert Advisor for MetaTrader 5 by Thierry Ouellet, running on the M15 timeframe. It is a selective grid-recovery system: it waits for six entry conditions to align before opening a position, and most trades close on that first entry without the recovery grid engaging. When the market moves against it, additional entries use ATR-adaptive spacing. Protection comes from a configurable daily drawdown limit, maximum spread protection and session filters.
Is Logan MT5 a grid or martingale EA?
It is a grid-based recovery system, and the developer states that openly — it combines ATR-based grid spacing with dynamic lot progression when a position moves against it. What separates it from typical grid robots is selectivity: entries require six conditions to align, so the recovery grid engages relatively rarely, and both live signals show a low maximum deposit load (around 4–6%), meaning the grid stayed shallow in practice. There is no fixed per-trade stop loss; the basket closes together at a profit objective, with the daily drawdown limit as the safety net. Our full review explains exactly what that means for your risk.
How does the daily drawdown limit work?
You set a percentage. Once realised losses plus floating losses reach it, the EA stops opening new positions for the remainder of the trading day, and an optional setting closes all active trades immediately instead. Trading resumes automatically at the start of the next trading day. This is the main capital-protection control, and setting it conservatively is the most important decision you will make when configuring the EA.
What are the live signals showing?
Three public signals track it across two brokers at different risk levels. The VT Markets account is the cleanest read: a CAD 2,400 deposit grown to about CAD 2,925 over five weeks with zero deposits and zero withdrawals, so its roughly 22% growth is genuine, with a 9.9% maximum drawdown and a low 4.1% deposit load. The TitanFX higher-risk account shows an 11.5% maximum drawdown over twelve weeks, though its headline growth figure is distorted by deposits and withdrawals.
What broker and account do I need?
A broker offering XAUUSD with tight spreads on a hedge or netting account; ECN or Raw Spread is recommended. Minimum balance is $1,000 (trading 0.01 lots), with $2,000 or more recommended, and leverage of 1:100 or higher. The developer names VT Markets, TMGM, TitanFX, GlobalPrime and Vantage as recommended brokers, and includes a broker profile setting that applies the right internal configuration for Exness accounts.
How do I set it up?
Attach it to an XAUUSD M15 chart, choose your lot sizing method (fixed lot or automatic sizing based on account balance), set your daily drawdown limit, and select the broker profile matching your account. That is the whole configuration.
Do I need a VPS?
Yes — strongly recommended. A stable, low-latency VPS near your broker’s server keeps the EA running through the full session without gaps, which matters for a system that manages open baskets and needs its spread and session filters evaluated continuously.
Why buy from CheaperForex instead of the MQL5 marketplace?
The product is identical — the same EA and the same future updates from the developer. You pay less. For a grid-recovery system in particular you will want to run it on demo first and validate on your own broker with a conservative daily drawdown limit before committing capital, so paying less to do that testing is the practical approach. Our full review covers the strengths and the risks openly.
Peter Jones
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
Why Traders Trust Us
Us vs MQL5 Marketplace
See why 28,000+ customers choose us