What's included
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesIncluded free when we receive them
- Unlimited activationsUse it on as many terminals as you like
What our customers say
Selected Trustpilot feedback about CheaperForex support, setup and service.
Squid X EA MT5
Squid X EA MT5 combines H1 gold entries with configurable recovery and cash-based risk controls.
- Price action, trendline, Fibonacci and EMA context for XAUUSD.
- USD stop-loss settings with fixed-lot or equity-risk sizing.
- Daily order cap, trading-hour selection and execution filters.
Original price was: $777.00.$349.95Current price is: $349.95.
- Instant download from your account the moment checkout completes. The files stay in your customer portal.
- Official version, with future updates included free when we receive them. You never pay twice for the same product.
- 7-day money-back guarantee if it fails to install or run. Setup help by email whenever you need it.
What's included
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesIncluded free when we receive them
- Unlimited activationsUse it on as many terminals as you like
- Developer source link: Squid X MT5
- Live signal link: Developer-linked signal — currently unavailable
Squid X EA MT5 trades XAUUSD on H1 using price structure, trendlines, Fibonacci retracements and EMA context. Its distinctive feature is a recovery system combined with cash-based stop-loss settings, equity-based position sizing and an optional daily entry limit. It is designed for traders who want to define the account exposure as carefully as the gold entry setup.
Control gold exposure in cash terms
The MT5 release notes describe a change from a pip-based stop to STOP_LOSS_USD. In fixed-lot mode the configured cash stop is used; in risk-percent mode the intended loss is calculated from equity. This makes reviewing the planned risk more direct, but it still requires testing the broker’s contract size, minimum lot and actual order behaviour.
- Daily entry cap: an optional maximum number of orders per day pauses new entries after the limit is reached.
- Trading-hour selection: restrict the operating window rather than leave the system active through every market session.
- Execution filters: maximum-spread and slippage settings screen entry conditions.
- Recovery controls: the developer documents Trade Recovery and Recovery Speed Mode. Inspect these inputs and the combined exposure before enabling live trading.
- On-chart panel: displays operating information to help check the EA’s current state.
MT5 requirements and first-run checks
- Market
- XAUUSD / Gold.
- Chart
- H1 in MetaTrader 5.
- Developer’s capital guide
- $100 for 0.01 lot. This is not a safe-loss limit or assurance that every broker permits the same exposure.
- Lot mode
- Fixed lot or percentage of equity; confirm the cash stop and resulting volume together.
- Execution
- Low spread and latency are recommended. Check trading-hour settings against broker time.
- Availability
- A continuously connected terminal or suitable VPS is recommended.
A daily order limit restricts frequency; it is not the same as a daily loss limit. Recovery can add exposure while the market moves against a position, so the proposed exit target should not be read as a guaranteed recovery. Demo-test the selected settings and verify how positions are handled if the terminal disconnects.
Evidence and edition choice
The source listing’s live-signal link currently returns “signal not found.” We therefore do not present current live profit figures for this MT5 offer. Its review covers the available customer feedback and the changes recorded in the MT5 release history.
Read the Squid X MT5 strategy and risk review · View the existing Squid X MT4 edition
For a different approach from the same developer, XAU Sniper Pro MT5 uses three liquidity-sweep strategies; its review explains the distinction.
Offer: latest-version standalone MT5 file. Follow the delivery instructions available in your account after purchase.
FAQs
What chart does Squid X MT5 use?
The developer specifies XAUUSD on H1 in MetaTrader 5. Use your broker’s correct gold symbol.
Does the daily order cap limit daily losses?
No. It caps new order frequency. It does not by itself establish an account-wide daily loss limit.
How is the stop-loss setting expressed?
The MT5 update history describes STOP_LOSS_USD: a configured cash amount in fixed-lot mode and an equity-based amount in risk-percent mode. Check actual sizing and stop behaviour on demo.
Is Squid X a no-recovery system?
No. Recovery and recovery-speed controls are documented. The original developer illustration shows layered entries, so assess the combined position risk.
Can I verify its current live signal?
The link on the developer listing returned signal not found when checked on 23 September 2026. No current live performance is claimed here.
Is this the existing MT4 offer?
No. This is a separate latest-version standalone MT5 offer. The existing MT4 listing retains its own product details and fulfilment.
Pre-Purchase FAQs
Are updates always free?
Yes, all updates are completely free—you'll never pay twice.
We receive updates from developers and upload them to your account when they're available. Please be patient, as we're managing hundreds of products at discounted prices. More popular products are updated more frequently.
All versions are stored in your account for easy access.
What's your refund policy?
We offer a 7-day technical guarantee. If the EA fails to attach to your chart due to verified errors we can replicate, we'll issue a full refund.
However, we cannot refund based on trading performance or profit expectations—forex markets are unpredictable, and results vary by broker, spread, and market conditions. We provide tools, not guarantees.
I need assistance installing this?
Yes, we'd be happy to assist you!
We can advise you on the best settings for your account or create custom presets tailored to your needs. Additionally, we offer a one-time free installation service using AnyDesk for remote setup.
Please note, however, that we cannot provide advice on how to make money with any of our products.
Can I use this on multiple accounts?
Absolutely. Once you purchase, the EA is yours to use on unlimited live and demo accounts—no restrictions.
You can run it on multiple brokers, VPS servers, or trading accounts simultaneously.
There are no license limits or activation keys. Buy once, use everywhere.
How do I download after payment?
After successful payment, your product will be available for download instantly:
- Displayed on the screen immediately after checkout
- Emailed to the address you provided during purchase
- Stored in your account if you created one at checkout
In rare cases (about 1% of high-value premium products), orders may be held for manual review to prevent fraud. If you don't see a download link, contact us for assistance.
Is this an original product?
Yes, absolutely.
We do not sell fake products, and our customer reviews, along with our pricing, reflect the quality and authenticity of what we offer.
Why Traders Trust Us
Reviewed by Our Trader
Peter Jones
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