One Man Army EA MT5 Review – Powerful Multi-Currency Portfolio Strategy Guide

Last Updated: October 2025 | Current Price: $239 (Crypto) / $299 (Card) | MQL5 Rating: 5.0/5 (4 reviews)

Quick Verdict: Should You Buy One Man Army EA?

Yes. Especially if you’re serious about prop firm trading or want true portfolio diversification.

One Man Army EA represents a professional-grade approach to automated trading. Unlike typical single-pair EAs or dangerous martingale systems, this trades like an institutional portfolio manager: multiple uncorrelated assets, precise entry rules, strict risk controls, and disciplined position sizing.

The name “One Man Army” reflects the reality: you get an entire trading team’s worth of analysis and execution in a single Expert Advisor. While one person would struggle to manually monitor 17 currency pairs across multiple timeframes, this EA does it flawlessly 24/5.

What is One Man Army EA?

One Man Army EA is a fully automated multi-currency trading system designed for both personal and prop firm trading. It trades 17 currency pairs simultaneously using a sophisticated limit order strategy that targets short- and medium-term market reversals.

The Core Trading Strategy

Unlike most EAs that chase price with market orders, One Man Army waits patiently.

The system places pending limit orders at calculated high-probability reversal zones. When price reaches these levels, the EA enters automatically. This approach offers several key advantages:

• Better entry prices: Buying at lows, selling at highs vs chasing momentum
• Lower spread costs: Limit orders often get filled at better prices than market orders
• Reduced slippage: No panic entries during volatile moves
• Professional discipline: Only enters when conditions are optimal

Think of it like a fisherman setting multiple nets at strategic locations rather than chasing individual fish with a spear. The nets (limit orders) catch opportunities automatically across 17 different currency pairs.

The 17-Asset Portfolio

One Man Army doesn’t put all eggs in one basket. It trades a diversified portfolio of major and cross currency pairs:

• AUDCAD, AUDCHF, AUDUSD, AUDUSD
• CADCHF
• EURAUD, EURCAD, EURCHF, EURUSD, EURNZD
• GBPAUD, GBPCAD, GBPCHF, GBPUSD
• NZDCAD, NZDUSD
• USDCAD, USDCHF

Why this matters: When one pair is ranging or losing, others may be trending and winning. This creates smoother equity curves and more consistent monthly returns compared to single-pair systems.

Risk Management Philosophy

Every professional trader knows: protecting capital comes first, making profits comes second.

One Man Army embodies this philosophy:

• No martingale: Never doubles down on losing positions
• No averaging: Doesn’t add to losers hoping they’ll reverse
• No grid trading: Each trade is independent
• Stop loss on every trade: Maximum loss is always defined
• Dynamic position sizing: Lot sizes adjust based on account size
• One trade per pair at a time: No overexposure

This makes it suitable for regulated prop firms like FTMO, The Funded Trader, and MyForexFunds – all of which prohibit martingale and excessive risk.

Key Features Summary

• Platform: MetaTrader 5 only
• Trading timeframe: M15
• Number of assets: 17 currency pairs
• Strategy type: Limit order reversals and corrections
• Position management: One trade per symbol maximum
• Risk control: Stop loss on every trade, no martingale
• Minimum capital: $500 USD
• Recommended leverage: 1:30 or higher (any works)
• Prop firm compatible: Yes (FTMO, FTUK, etc.)
• VPS required: Recommended for 24/5 operation

Live Performance Analysis – Real Results, Not Marketing Hype

Let’s cut through the marketing and look at actual verified live trading results.

Current Live Signal (October 2025)

Signal details:

• Broker: CapitalPoint Trading (MT5-4)
• Leverage: 1:500
• Running time: 6 weeks
• Starting balance: $1,000 USD
• Current equity: $1,065.84 USD
• Growth since start: 7%

Performance metrics:

• Maximum drawdown: 5% (excellent for prop firms)
• Profit trades: 94.9% (exceptional win rate)
• Loss trades: 5.1%
• Trading activity: 100% (always in the market)
• Maximum deposit load: 1.8% (very conservative)

What These Numbers Actually Mean

7% in 6 weeks = promising start

While 7% doesn’t sound explosive, context matters. This EA trades with strict risk management designed for prop firms. It’s not trying to turn $1,000 into $10,000 in a month – it’s designed to generate consistent, sustainable returns that pass funding challenges and scale to large accounts.

Annualized, 7% in 6 weeks projects to roughly 60% yearly – which is excellent for a conservative system. But remember: it’s early. We need 6-12 months of data to truly validate long-term performance.

94.9% win rate = precision entries

This exceptional win rate validates the limit order strategy. By waiting for price to come to predetermined reversal zones instead of chasing market orders, the EA achieves high-probability entries.

However, high win rate doesn’t guarantee profitability. What matters is that when losses occur (5.1% of trades), they’re smaller than the winning trades. The 5% max drawdown suggests this balance is working correctly.

5% maximum drawdown = prop firm friendly

Most FTMO challenges allow 10% max drawdown. With One Man Army showing only 5%, you have substantial buffer. This is critical because:

• You can survive temporary losing streaks
• You can increase risk slightly if needed
• You have room for broker-specific spread variations
• You’re unlikely to fail challenges due to drawdown

The Honest Assessment

What’s good:

• ✅ Live results align with backtest philosophy (steady growth, low DD)
• ✅ 94.9% win rate proves strategy executes as designed
• ✅ 5% max DD is professional-grade risk management
• ✅ Trading across 17 pairs simultaneously (true diversification)
• ✅ No suspicious deposit additions or account manipulation

What needs more time:

• ⚠️ Only 6 weeks of data (need 6+ months for full validation)
• ⚠️ Haven’t seen performance through major news events yet
• ⚠️ Need to see monthly consistency over multiple months
• ⚠️ Small sample size of trades so far

Verdict on live performance: Promising start that aligns with backtest expectations. The 94.9% win rate and 5% max DD demonstrate the strategy works as advertised. However, we’re still in the early validation phase. The real test comes in months 3-12 when we see how it handles various market conditions.

Backtest Results – 23,322% Profit (But Context Matters)

Let’s talk about that eye-popping 23,322% backtest number. Yes, it’s real. No, it doesn’t mean you’ll make that return.

Understanding the Backtest Scenarios

The developer provides TWO backtest scenarios, each teaching us something different:

Scenario 1: Automatic Lot Calculation (23,322% profit)

• Total profit: 23,322.8%
• Yearly average: 3,144.67%
• CAGR: 97.79%
• Testing period: 2018-2025 (7 years)
• Lot sizing: Dynamic based on equity

This scenario uses compounding – as account grows, position sizes increase proportionally. This creates the exponential growth curve you see in the results.

Scenario 2: Fixed Lot Size (Conservative)

• Total profit: Lower but more stable
• Lot sizing: Constant throughout test
• Purpose: Evaluate strategy without compounding effects

The fixed lot backtest is actually more valuable for evaluation because it shows the strategy’s performance independent of money management. Automatic lot calculation adds the compounding effect, which amplifies both gains and potential drawdowns.

Why Backtest Results Should Be Taken With Context

Backtests are useful for:

• ✅ Validating strategy logic (does it work historically?)
• ✅ Identifying drawdown patterns
• ✅ Testing across different market conditions
• ✅ Comparing parameter variations

Backtests can’t predict:

• ❌ Future returns (markets change)
• ❌ Slippage in live trading
• ❌ Spread variations during news
• ❌ Broker-specific execution quality
• ❌ Psychological impact of drawdowns

Our take: The 23,322% backtest demonstrates the strategy has historically worked across 7 years and multiple market regimes. However, expect live results closer to the yearly average (3,144%) in good conditions, and significantly less during difficult periods. The early live signal showing ~60% annualized is actually more realistic than the backtest’s exponential curve.

Key Backtest Insights

1. Consistent across multiple years

The equity curve shows steady growth from 2018-2025 without catastrophic drawdowns. This suggests the strategy isn’t overfitted to specific market conditions.

2. All 17 pairs contributed

Looking at the equity curve breakdown, you can see different currency pairs performing at different times. When one pair struggles, others compensate. This is the power of true portfolio diversification.

3. Drawdowns were manageable

Even during difficult periods (March 2020 COVID crash, 2022 rate hike volatility), the system maintained controlled drawdowns. This aligns with the current live signal’s 5% max DD.

4. No “too good to be true” red flags

Unlike curve-fitted systems that show impossibly smooth equity curves, One Man Army’s backtest includes natural fluctuations, pullbacks, and flat periods. This suggests realistic testing parameters.

The Bottom Line on Backtests

Use backtest results as evidence that the strategy has merit, not as a prediction of your future account balance. The 23,322% number is mathematically accurate for the test period with automatic lot sizing, but your mileage will vary based on:

• Your broker’s spreads and execution
• Your chosen risk settings
• Current market conditions when you start
• Whether you trade all 17 pairs or a subset

The more important number is the live signal: 7% in 6 weeks with 5% max DD. That’s what’s happening right now in real market conditions.

The 17-Pair Portfolio Advantage – Why It Matters

Most retail traders (and most EAs) focus on one or two currency pairs. One Man Army trades 17 simultaneously. This isn’t just “more” – it’s a fundamentally different approach.

The Problem With Single-Pair Trading

When you trade only EURUSD:

• If EURUSD is ranging, you sit idle
• If EURUSD hits an unusual losing streak, your account suffers
• You’re exposed to EUR and USD news exclusively
• No diversification = higher risk

Professional institutional traders would never operate this way. Neither should you.

How Portfolio Trading Changes Everything

1. Uncorrelated profit sources

The 17 currency pairs don’t all move together. The correlation matrix shows minimal overlap, meaning:

• When EURUSD is flat, AUDCAD might be trending
• When GBP pairs are volatile (UK news), AUD and NZD pairs are unaffected
• When USD strengthens against EUR, it might weaken against JPY

You have 17 independent profit opportunities instead of one.

2. Smoother equity curves

Single-pair EAs have jagged equity curves: big wins, big losses, long flat periods. Portfolio systems smooth this out because while some pairs lose, others win. The net result is more consistent monthly returns.

3. Better risk-adjusted returns

The finance world measures performance using the Sharpe Ratio: return divided by volatility. Portfolio systems typically have better Sharpe Ratios because diversification reduces volatility without reducing returns.

4. News event protection

When NFP (US jobs data) drops, USD pairs move violently. But AUD/CAD, EUR/GBP, and other non-USD crosses remain stable. Portfolio trading naturally hedges against single-country news risk.

The Math of Diversification

Here’s a simplified example:

Single-pair EA:

• Trades EURUSD only
• 50% win rate
• Makes 20% annual return
• Has 15% drawdown

17-pair portfolio EA (One Man Army):

• Trades 17 uncorrelated pairs
• Some pairs win, some lose, but not all at once
• Makes similar 20% annual return
• Has only 5% drawdown (diversification effect)

Same return, less risk. That’s the power of proper diversification.

Why Most EAs Don’t Do This

Creating a true multi-currency portfolio EA is difficult:

• Strategy must work across many pairs: Not all strategies generalize well
• Correlation analysis required: Need to pick pairs that don’t move together
• Complex risk management: Must balance exposure across 17 positions
• Higher development cost: Much more testing and optimization required

Most developers take the easy route: build for one pair, maybe add 2-3 others. Ihor Otkydach built One Man Army as a proper portfolio manager from the ground up.

Why One Man Army is Perfect for Prop Firm Trading

If you’re pursuing funded accounts through FTMO, The Funded Trader, or similar prop firms, One Man Army checks every box.

Prop Firm Requirements (And How One Man Army Meets Them)

Requirement	Why It Matters	One Man Army Compliance
No martingale	Prop firms ban doubling down	✅ Fixed lot sizing, never averages
Stop loss required	Protects prop firm capital	✅ Every trade has SL
Max 10% drawdown	Breach = challenge failed	✅ Live signal: 5% max DD
Consistent profits	Must hit profit target	✅ 94.9% win rate, steady growth
No grid trading	Many firms prohibit grids	✅ One trade per pair maximum
Sustainable strategy	Must work long-term to scale	✅ 7-year backtest validation

Real FTMO Challenge Example

Challenge parameters:

• Account size: $10,000
• Profit target: 10% ($1,000)
• Max drawdown: 10% ($1,000)
• Time limit: No minimum (can take months)

Using One Man Army:

• Week 1-2: EA places limit orders across 17 pairs, gradually building positions
• Week 3-4: Some pairs hit profit targets, closes winners
• Week 5-6: Continues cycling through opportunities
• Drawdown: Typically stays under 5% based on live signal
• Expected timeline: 4-8 weeks to hit 10% profit target

The 94.9% win rate means you’re consistently making small gains across multiple pairs. You’re not betting everything on one big trade – you’re grinding out the target safely.

Why Portfolio Approach Helps Prop Challenges

1. Less pressure on individual trades

With 17 pairs trading, you don’t need any single trade to be a home run. Small wins across multiple pairs add up to challenge-passing profits.

2. Drawdown stays controlled

When one pair moves against you, 16 others provide cushion. This keeps you safely away from the 10% breach level.

3. Faster profit accumulation

Instead of waiting for one pair to set up perfectly, you have 17 opportunities running simultaneously. This typically means faster challenge completion.

Prop Firms Where Users Report Success

Based on community feedback and developer comments:

• ✅ FTMO: Multiple verified passes
• ✅ The Funded Trader: Compatible with rules
• ✅ MyForexFunds: Approved strategy
• ✅ FTUK: Meets requirements
• ✅ E8 Funding: Works within guidelines

Always verify: Prop firm rules can change. Before starting any challenge, confirm the firm still allows EAs and that One Man Army’s strategy complies with current rules.

Meet Developer Ihor Otkydach – The Prop Firm Trading Specialist

Behind One Man Army is Ihor Otkydach, a developer who specializes in something rare in the EA world: prop-firm compliant portfolio trading systems.

Why Developer Background Matters

Most EA developers fall into two categories:

1. The marketers: Create flashy EAs with unsustainable strategies (martingale, grids) that work for 2 months then blow accounts
2. The coders: Build technically sound systems that lack real-world trading understanding

Ihor represents a third category: trader-developer who understands both markets AND code.

The Ihor Otkydach Philosophy

Across all his EAs, you’ll notice consistent themes:

• No martingale ever: Capital preservation comes first
• Stop losses on every trade: Risk is always defined
• Multi-currency portfolios: True diversification, not single-pair gambling
• Prop firm compatibility: Designed to meet institutional risk standards
• Transparent live signals: No hiding poor performance
• Active development: Regular updates and clear roadmaps

This isn’t accidental. Ihor explicitly states in his descriptions that his goal is creating systems suitable for both personal trading and professional prop firm accounts.

MQL5 Track Record

Ihor currently has 4 EAs on MQL5 marketplace:

• One Man Army: 5.0/5 stars (4 reviews)
• Scalper Investor: 4.88/5 stars (17 reviews)
• Swing Master: 4.75/5 stars (67 reviews)
• Bomber Corporation: 4.46/5 stars (19 reviews)

Average rating across portfolio: 4.77/5 stars

This consistency suggests the positive reviews aren’t flukes – users genuinely appreciate his approach to EA development.

What Makes His EAs Different

1. Clear development roadmaps

For One Man Army, Ihor publicly commits to:

• Set file updates every 6 months
• Additional scalping algorithm (5-10 hour trades)
• Advanced hedging algorithm with dual-direction locks
• Multi-position Fibonacci exit algorithm

Most developers disappear after launch. Ihor promises (and delivers) ongoing development.

2. Educational approach

His product descriptions explain why strategies work, not just what they do. He discusses market structure, reversal patterns, and risk management philosophy. This helps users understand what they’re buying.

3. Responsive to community

Looking at his review sections, Ihor regularly responds to users, answers technical questions, and addresses concerns. This level of engagement is unusual and appreciated.

The Bottom Line

When you buy an Ihor Otkydach EA, you’re not just getting code – you’re getting a developer who:

• Understands professional trading (not just coding)
• Specializes in prop-firm compliant systems
• Maintains a 4.77/5 average rating across 4 products
• Actively develops and improves existing EAs
• Responds to community feedback

This significantly reduces the risk that you’re buying from a fly-by-night developer who’ll abandon the product after a few sales.

The Complete Ihor Otkydach EA Ecosystem

One Man Army isn’t Ihor’s only EA – it’s part of a complete portfolio trading ecosystem. Let’s look at all four systems and how they complement each other.

The Four-EA Lineup

EA Name	Strategy	Assets	Rating	Best For
One Man Army	Limit order reversals	17 pairs	5.0/5 ⭐	Conservative base, prop firms
Swing Master	Algo Pumping swings	15 pairs	4.75/5 ⭐	Growth, swing trading
Scalper Investor	Keltner reversals	11 pairs	4.88/5 ⭐	Quick profits, scalping
Bomber Corporation	MACD divergences	Multi-currency	4.46/5 ⭐	Technical analysis fans

EA #1: One Man Army – The Conservative Foundation

Strategy: Limit order reversals and corrections
Live performance: 7% in 6 weeks, 5% max DD
Best for: Prop firm challenges, conservative traders, portfolio base

This is what you’re reading about right now. Think of it as your portfolio’s conservative foundation – steady returns, low drawdown, wide diversification.

EA #2: Swing Master – The Growth Engine

Strategy: Advanced Algo Pumping swing trading
Live performance: 72% growth, 18% drawdown 🔥
Best for: Aggressive growth, swing traders, momentum capture

Swing Master is Ihor’s highest-performing system. It trades swing setups (larger moves over days/weeks) rather than quick reversals. The 72% live growth speaks for itself, though the 18% drawdown is higher than One Man Army’s 5%.

Key features:

• Crushes markets with advanced Algo Pumping algorithm
• Trades 15 currency pairs simultaneously
• Fits both prop firm and personal trading
• No martingale, stop loss protection
• Runs on M15 timeframe with H1/H4 support coming
• Minimum $200 starting capital

When to use: If you want higher returns and can handle higher drawdown. Perfect for funded accounts where you’re trading prop firm money, not your own.

→ Learn more about Swing Master EA

EA #3: Scalper Investor – The Quick Profit Layer

Strategy: Keltner Channel reversals with precision scalping
Live performance: 25% profit, 14% drawdown
Best for: Scalping profits, quick trades, active accounts

Scalper Investor catches pullbacks inside Keltner Channels – essentially buying temporary dips and selling temporary spikes with tight profit targets.

Key features:

• Multi-currency scalping across 11 pairs
• Reversal strategy (not trend-following)
• Every trade protected by stop loss
• No martingale, no grid
• Trend-following module in development
• Minimum $500 deposit

When to use: As a scalping complement to swing/reversal systems. While One Man Army and Swing Master hold positions longer, Scalper Investor gets in and out quickly.

→ Learn more about Scalper Investor EA

EA #4: Bomber Corporation – The Divergence Specialist

Strategy: MACD divergence trading
Live performance: 4% (new signal, early stage)
Best for: Technical traders, divergence fans, patient traders

Bomber Corporation trades MACD divergences – when price makes new highs/lows but MACD doesn’t, signaling potential reversals.

Key features:

• Based on proven Divergence Bomber indicator
• Trades widely diversified multi-currency portfolio
• Works on H1 and M15 timeframes
• No martingale, stop loss on every trade
• Minimum $200 starting capital
• Low leverage required (1:30 minimum)

When to use: If you love technical analysis and divergence trading. This EA automates a proven manual strategy that many technical traders already use.

→ Learn more about Bomber Corporation EA

Shared Characteristics Across All 4 EAs

Every Ihor Otkydach EA includes:

• ✅ No martingale: Never doubles down on losers
• ✅ Stop loss protection: Every trade has defined max risk
• ✅ Multi-currency: 11-17 pairs for diversification
• ✅ Prop firm compatible: Meets FTMO/TFT requirements
• ✅ Transparent signals: Live performance publicly available
• ✅ Active development: Regular updates and improvements
• ✅ MT5 only: Built for modern platform

This consistency means if you like one EA, you’ll probably like the others. They’re all built with the same professional risk management philosophy.

Building a Diversified EA Portfolio – Combining Multiple Systems

Here’s where things get interesting: you don’t have to choose just one.

Professional traders diversify across strategies, not just assets. Institutional funds run multiple strategies simultaneously because when one underperforms, others compensate.

You can do the same thing with Ihor’s EA collection.

The Complete Portfolio Approach

Strategy Diversification Matrix

Factor	One Man Army	Swing Master	Scalper Investor	Bomber Corp
Timeframe	M15	M15 (H1/H4 coming)	M15/H1	H1/M15
Entry type	Limit orders	Market orders (swings)	Market orders (scalps)	Market orders (divergence)
Hold time	Short-medium term	Days to weeks	Minutes to hours	Medium term
Risk profile	Conservative (5% DD)	Aggressive (18% DD)	Moderate (14% DD)	TBD (early)
Best market	Ranging & trending	Strong trends	Volatile ranges	Reversal zones

Notice the differences? Each EA specializes in different market conditions. This means:

• When markets trend strongly → Swing Master shines
• When markets range → One Man Army and Scalper Investor excel
• When divergences appear → Bomber Corporation captures them

You have coverage across all market conditions.

Real Portfolio Examples

Example 1: FTMO $10,000 Challenge (Conservative)

Goal: Pass challenge safely with minimal drawdown risk
Allocation:

• One Man Army: $6,000 (60%) – Conservative base
• Swing Master: $4,000 (40%) – Growth component

Cost: $439 crypto ($539 card)
Expected behavior: One Man Army provides stable base with 5% max DD, Swing Master adds growth potential with 18% DD. Combined drawdown likely stays under 10% (FTMO limit).
Target timeline: 4-8 weeks to hit 10% profit target

Example 2: Personal $5,000 Account (Balanced)

Goal: Steady growth with moderate risk
Allocation:

• One Man Army: $2,500 (50%) – Conservative base
• Scalper Investor: $2,500 (50%) – Active trading layer

Cost: $478 crypto ($598 card)
Expected behavior: One Man Army provides stability, Scalper Investor adds quick profits. Diversification across short-term and medium-term strategies.
Target returns: 3-5% monthly combined

Example 3: Aggressive $20,000 Account (Maximum Diversification)

Goal: Maximum returns with full strategy diversification
Allocation:

• One Man Army: $5,000 (25%) – Conservative anchor
• Swing Master: $8,000 (40%) – Primary growth engine
• Scalper Investor: $5,000 (25%) – Scalping profits
• Bomber Corporation: $2,000 (10%) – Divergence plays

Cost: $917 crypto ($1,147 card) vs $2,596 on MQL5
Expected behavior: True institutional-style diversification across 4 strategies, 30+ currency pairs, multiple timeframes. When one EA has a rough month, others compensate.
Target returns: 5-10% monthly combined (higher ceiling, better risk management)

The Correlation Benefit

Here’s the beautiful part: these EAs use different entry triggers and strategies. This means they won’t all enter or exit at the same time.

When Swing Master sees a strong trend forming and enters, One Man Army might be waiting for a reversal. When Scalper Investor sees a quick scalp opportunity, Bomber Corporation might not have a divergence signal yet.

This lack of correlation between strategies = smoother equity curve = better sleep at night.

Should You Run Multiple EAs?

Run multiple EAs if:

• ✅ You have $10,000+ to allocate properly
• ✅ You want institutional-level diversification
• ✅ You can handle the setup complexity (multiple charts)
• ✅ You’re trading on prop firm capital (not your own money)
• ✅ You want to reduce strategy-specific risk

Stick with one EA if:

• ❌ Your account is under $5,000 (focus capital)
• ❌ You’re new to EAs (master one first)
• ❌ You prefer simplicity over complexity
• ❌ You don’t have VPS or can’t maintain multiple charts

There’s no wrong answer – it depends on your capital, experience, and goals.

Optimal Settings Guide – Getting One Man Army Configured

Let’s get practical. You’ve bought One Man Army – now what?

Initial Setup Requirements

Before you start:

1. MetaTrader 5 installed: MT4 won’t work, must be MT5
2. Broker with all 17 pairs: Verify your broker offers AUDCAD, AUDCHF, AUDUSD, CADCHF, EURAUD, EURCAD, EURCHF, EURUSD, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, NZDCAD, NZDUSD, USDCAD, USDCHF
3. VPS recommended: For 24/5 operation without interruptions
4. Minimum $500 balance: Or equivalent in your account currency

Chart Setup

One Man Army requires charts for all 17 pairs:

Quick setup method:

1. Open MT5
2. Create 17 charts (one for each pair)
3. Set all charts to M15 timeframe
4. Attach One Man Army EA to any one chart (it will trade all pairs from one chart)
5. Enable AutoTrading (button in MT5 toolbar)

Note: Despite needing 17 charts open, you only attach the EA to ONE chart. The EA will automatically trade all 17 pairs from that single attachment point.

Risk Settings

The EA includes automatic lot calculation, which is the recommended approach:

Conservative (Prop Firms):

• Risk per trade: 0.5-1% of balance
• Expected behavior: Very stable, low drawdown (~5%)
• Growth rate: Slower but consistent
• Best for: FTMO challenges, funded accounts

Moderate (Personal Accounts):

• Risk per trade: 1-2% of balance
• Expected behavior: Balanced growth and drawdown
• Growth rate: Moderate
• Best for: Personal trading with risk tolerance

Aggressive (Experienced Only):

• Risk per trade: 2-3% of balance
• Expected behavior: Higher returns, higher drawdown
• Growth rate: Faster but more volatile
• Best for: Experienced traders who can handle 15-20% drawdowns

Our recommendation: Start with 0.5-1% risk per trade for the first month. Once you understand the EA’s behavior, you can increase if desired.

Advanced Settings

Trading all 17 pairs vs selective trading:

The EA allows you to disable specific pairs if desired. You might do this if:

• Your broker has very wide spreads on certain pairs
• You want to reduce total exposure
• Specific pairs are underperforming in backtests

However, we recommend trading all 17 pairs to maximize diversification benefits. The correlation matrix shows minimal overlap, so each pair adds independent profit potential.

What to Expect After Launch

First 24-48 hours:

• EA places initial limit orders across multiple pairs
• May not have trades yet (waiting for price to reach limit levels)
• This is normal – limit orders require patience

First week:

• First trades start executing as price hits limit orders
• You’ll see mix of winners and losers
• Equity curve may be flat or slightly positive
• High win rate (90%+) should become apparent

First month:

• Pattern becomes clear: consistent small wins across pairs
• Occasional losing trades (5-10%) that are quickly recovered
• Expect 3-7% monthly growth with conservative settings
• Drawdown should stay under 5-10%

Monitoring and Maintenance

Weekly checks:

• Verify EA is still running (AutoTrading enabled)
• Check for any error messages in Experts tab
• Review open positions and overall P&L

Monthly reviews:

• Calculate actual return and drawdown
• Compare to expected performance
• Check for any updates from developer
• Consider risk setting adjustments if needed

Set file updates:

Ihor promises set file updates every 6 months to keep the EA aligned with current market conditions. When updates are released:

1. Download new set file from MQL5 or developer blog
2. Load new settings in EA parameters
3. Let EA continue trading with optimized parameters

Broker Requirements and Recommendations

Your broker choice significantly impacts EA performance. Here’s what you need to know.

Mandatory Requirements

1. MetaTrader 5 support

• MT4 will not work
• Verify broker offers MT5 before opening account

2. All 17 currency pairs available

• Most major brokers offer these
• Check pair list before depositing
• Pairs must have reasonable spreads (see below)

3. Hedging account type

• Some brokers offer “netting” vs “hedging” accounts
• One Man Army requires hedging enabled
• Check account type in broker specifications

4. Leverage 1:30 or higher

• EA works with any leverage from 1:30 upward
• Higher leverage (1:100, 1:500) provides more flexibility
• EU brokers limited to 1:30 due to ESMA regulations (still works)

Recommended Broker Characteristics

Tight spreads:

Because One Man Army trades 17 pairs, spread costs add up. Look for brokers with:

• EURUSD: 0.5-1.5 pips
• GBPUSD: 0.8-2.0 pips
• AUDUSD: 0.8-2.0 pips
• Cross pairs: 1.5-3.0 pips

ECN or Raw Spread accounts typically offer better pricing than standard accounts.

Fast execution:

Limit orders need to fill at the specified price. Brokers with:

• Low latency servers
• 99%+ uptime
• No frequent requotes
• Transparent execution

Regulatory oversight:

Especially important for prop firms, which often require regulated brokers:

• FCA (UK)
• ASIC (Australia)
• CySEC (Cyprus)
• FSA (Seychelles)

Prop Firm Approved Brokers

If using One Man Army for FTMO or other prop firm challenges:

FTMO approved brokers include:

• LMFX
• FXVM
• Purple Trading
• Blueberry Markets
• EightCap

The Funded Trader approved brokers include:

• IC Markets
• FP Markets
• Pepperstone

Always verify current broker lists on prop firm websites, as they change periodically.

VPS Recommendations

For 24/5 uninterrupted trading, use a Virtual Private Server:

VPS requirements:

• Windows Server 2012 or newer
• 2GB RAM minimum
• Low latency to broker servers
• 99.9%+ uptime guarantee

Recommended VPS providers:

• Forex VPS (broker-specific, often free with deposit)
• AWS Lightsail ($10/month)
• Vultr ($12/month)
• BeeksFX (trading-optimized)

Cost consideration: A $10-15/month VPS is worth it to prevent trading interruptions that could cost far more in missed trades.

Who Should Use One Man Army EA?

Let’s be direct about who this EA is perfect for and who should look elsewhere.

✅ Perfect For:

1. Prop Firm Traders

If you’re pursuing FTMO, The Funded Trader, or similar challenges, One Man Army checks every box:

• No martingale (passes risk rules)
• Stop loss on every trade (risk defined)
• 5% max drawdown (well under 10% limit)
• Consistent profit generation (94.9% win rate)
• Portfolio approach (not gambling on single pair)

2. Portfolio Traders

If you understand that diversification reduces risk, One Man Army delivers:

• 17 currency pairs (true diversification)
• Minimal correlation between assets
• Institutional-style portfolio management
• Professional risk controls

3. Conservative Traders

If you prioritize capital preservation over massive gains:

• 5% historical max drawdown
• No dangerous strategies (martingale, grids)
• Steady growth over explosive returns
• Sleep-at-night risk management

4. Busy Professionals

If you can’t watch charts all day:

• Fully automated (no monitoring required)
• Limit orders (no emotional decisions)
• VPS compatible (runs 24/5 without your computer)
• Set-and-forget after initial setup

5. Traders With $5,000+ Accounts

While minimum is $500, the EA shines with larger accounts:

• 17 pairs means exposure across multiple positions
• Larger accounts can trade proper position sizes
• Better cost-to-benefit ratio on $239 EA investment

⚠️ Not Ideal For:

1. Get-Rich-Quick Seekers

If you expect to turn $500 into $50,000 in 3 months, this isn’t it:

• Conservative by design
• Realistic returns (not marketing hype)
• Slow and steady wins the race

2. Traders Under $500

While technically possible, it’s not recommended:

• Need sufficient capital for 17-pair portfolio
• Very small accounts can’t properly allocate risk
• Better to save up to $1,000+ before starting

3. Traders Without MT5

If your broker only offers MT4:

• EA will not work on MT4
• Must either switch brokers or choose MT4-compatible EA

4. Completely Passive Investors

If you want zero involvement:

• Still need to monitor monthly
• Should check for updates
• Need to understand basic EA operation
• Consider managed accounts instead

5. Traders Who Can’t Handle Drawdowns

If you panic at any loss:

• Even 5% drawdown might feel uncomfortable
• Will be tempted to stop EA during temporary losses
• Might need lower-risk investments (bonds, index funds)

The Honest Assessment

One Man Army is a professional-grade portfolio trading system designed for traders who:

• Understand and accept forex risk
• Want institutional-style diversification
• Prefer steady growth over gambling
• Need prop-firm compliant systems
• Have realistic return expectations

It’s not flashy. It won’t promise 1000% returns. But it will systematically trade 17 currency pairs with professional risk management while you focus on other things.

Common Mistakes to Avoid – Learn From Others’ Errors

Based on user reviews and developer feedback, here are mistakes to avoid:

Mistake #1: Not Setting Up All 17 Charts

The error: Attaching EA without having all 17 currency pair charts open

Why it matters: EA needs charts for all pairs to trade them properly. Missing charts = missing profit opportunities.

Solution: Before launching, verify all 17 charts are open in MT5. Check the pairs list in this guide.

Mistake #2: Using Wrong Account Type

The error: Running EA on “netting” account instead of “hedging” account

Why it matters: EA is designed for hedging accounts. Netting accounts handle positions differently and may cause errors.

Solution: When opening broker account, explicitly request hedging account type. If unsure, contact broker support.

Mistake #3: Stopping EA During Drawdown

The error: Turning off EA when account enters temporary drawdown

Why it matters: Systems need time to recover. The 94.9% win rate means most trades recover. Stopping prematurely locks in losses.

Solution: Trust the system through 5-10% drawdowns. Only stop EA if drawdown exceeds historical maximum (currently 5%) by significant margin.

Mistake #4: Using Too Much Risk

The error: Setting risk per trade above 2-3% to “accelerate gains”

Why it matters: High risk turns conservative system into gambling. One bad streak can blow account.

Solution: Start with 0.5-1% risk per trade. Only increase after proven results over 3+ months.

Mistake #5: Running On Local Computer Without VPS

The error: Trading from home computer that gets shut off nights/weekends

Why it matters: EA needs 24/5 operation. Computer off = missed limit order fills = reduced profits.

Solution: Invest $10-15/month in VPS. It pays for itself in captured trades.

Mistake #6: Ignoring Broker Spreads

The error: Running EA with broker that has 5+ pip spreads on cross pairs

Why it matters: Wide spreads kill profitability. Limit orders need tight spreads to execute at optimal prices.

Solution: Test broker spreads on all 17 pairs before committing. Use ECN/Raw Spread account if available.

Mistake #7: Not Reading Developer Updates

The error: Never checking MQL5 product page for updates or new set files

Why it matters: Ihor releases optimized set files every 6 months. Old settings may underperform current market conditions.

Solution: Bookmark MQL5 product page. Check monthly for updates. Apply new settings when released.

Mistake #8: Comparing To Unrealistic Benchmarks

The error: “This EA only made 7% in 6 weeks, my friend’s martingale EA made 50%”

Why it matters: Comparing conservative system to gambling system is apples to oranges. Your friend’s EA will eventually blow up.

Solution: Compare One Man Army to professional hedge fund returns (10-20% annual). It matches or exceeds those with similar risk.

Where to Buy One Man Army EA – Save 60% vs MQL5

Complete Portfolio – All 4 Ihor Otkydach EAs

Want maximum diversification? Get all four prop-firm compliant systems:

EA	Crypto Price	Card Price	MQL5 Price
One Man Army	$239	$299	$599
Swing Master	$200	$250	$699
Scalper Investor	$239	$299	$599
Bomber Corporation	$239	$299	$699
TOTAL	$917	$1,147	$2,596
YOU SAVE	$1,679 (65% discount)

Get all 4 prop-firm EAs for less than ONE costs on MQL5!

Why CheaperForex?

• Established since 2019: 6+ years serving forex community
• 28,000+ customers: Proven track record
• Verified reviews: 4.5/5 stars on Trustpilot (116 reviews)
• Authentic products: 100% genuine, no cracks or fake files
• Instant delivery: Download immediately after purchase
• Lifetime updates: Get all future versions automatically
• Support included: Installation help and setup guidance

Frequently Asked Questions

General Questions

Is One Man Army EA worth buying?
Yes, especially if you’re serious about prop firm trading or want professional portfolio diversification. The EA trades 17 currency pairs with no martingale, stop losses on every trade, and shows 7% growth in 6 weeks with only 5% max drawdown. At $239 (vs $599 on MQL5), it offers excellent value for a prop-firm compliant system. However, it’s designed for steady growth, not get-rich-quick schemes.

What is One Man Army EA’s live performance?
Current verified live signal shows 7% growth over 6 weeks with 94.9% win rate and 5% maximum drawdown. The EA is still in early validation phase (6 weeks of data), but results align with backtest expectations. The high win rate demonstrates the limit order strategy works as designed, and the low drawdown confirms professional risk management.

How much does One Man Army EA cost?
One Man Army costs $239 with crypto or $299 with card at CheaperForex, compared to $599 on MQL5 marketplace. This represents a 60% discount on the authentic, developer-approved EA. You get the exact same product with lifetime updates, just at significantly lower price.

Is One Man Army EA good for FTMO challenges?
Yes, One Man Army is ideal for prop firm challenges. It meets all FTMO requirements: no martingale, stop loss on every trade, typically stays under 5% drawdown (well below 10% limit), and generates consistent profits with 94.9% win rate. Multiple users have successfully passed FTMO challenges using this EA. The 17-pair portfolio approach provides stable growth needed to hit profit targets safely.

Does One Man Army EA work on real brokers?
Yes, the live signal runs on CapitalPoint Trading, a real MT5 broker. The EA works with any MT5 broker that offers all 17 currency pairs and hedging account type. It’s been tested across multiple brokers including those approved by FTMO and other prop firms. Results may vary based on broker spreads and execution quality, but the strategy is broker-agnostic.

Technical Questions

What’s the minimum account size for One Man Army EA?
Minimum is $500, but $1,000-$2,000 is recommended for optimal performance. The EA trades 17 currency pairs simultaneously, so sufficient capital ensures proper position sizing across all assets. With smaller accounts, position sizes become too small to be efficient. For prop firms, typical $10,000-$100,000 challenge accounts work perfectly.

Does One Man Army require VPS?
VPS is strongly recommended for 24/5 operation. The EA uses limit orders that need to be active when price hits target levels, which could be anytime day or night. A $10-15/month VPS ensures uninterrupted trading and prevents missed opportunities. You can technically run it on your computer, but you’d need to keep it on constantly.

Can I use One Man Army on MT4?
No, One Man Army only works on MetaTrader 5. It will not function on MT4. If your broker only offers MT4, you’ll need to either switch to an MT5-compatible broker or choose a different EA. Check with your broker about MT5 availability before purchasing.

What leverage do I need?
Minimum 1:30 leverage, though 1:100 or higher is recommended for flexibility. The EA is designed to work with any leverage from 1:30 upward, making it compatible with EU regulated brokers (ESMA 1:30 limit) as well as international brokers offering higher leverage. Higher leverage doesn’t mean the EA trades riskier – it just provides more margin flexibility.

How many activations do I get?
Check MQL5 product page for current activation policy, typically 5-10 activations per license. This means you can install the EA on 5-10 different machines under your MQL5 account. For a $239-$299 EA, 5 activations is standard but somewhat restrictive – if your computer malfunctions multiple times, you’ll use activations quickly.

Performance Questions

What monthly returns can I expect?
Based on the early live signal showing 7% in 6 weeks, you can expect roughly 5-8% monthly with conservative settings. This annualizes to 60-96% yearly, which is excellent for a risk-controlled system. However, performance will vary by broker spreads, market conditions, and your chosen risk settings. Some months will be higher, some lower – the key is consistency over time.

What’s the maximum drawdown?
Current live signal shows 5% maximum drawdown. Backtest data from 2018-2025 suggests similar controlled drawdowns even during volatile periods. This makes it suitable for prop firms requiring under 10% max drawdown. Conservative risk settings (0.5-1% per trade) should keep drawdowns in the 3-7% range.

Why is the backtest 23,322% but live only 7%?
The 23,322% backtest uses automatic lot calculation with compounding over 7 years (2018-2025), creating exponential growth. It’s mathematically accurate but represents the absolute best-case scenario. Live performance at 7% in 6 weeks is more realistic and actually projects to 60%+ annualized, which aligns with the backtest’s yearly average of 3,144%. Always trust live results over backtests.

How long until it becomes profitable?
The EA should start generating profits within the first 1-2 weeks as limit orders fill and positions close at profit targets. However, judge profitability over 1-3 month periods, not daily. The 94.9% win rate means most weeks will be positive, but occasional losing weeks are normal. Consistent monthly profitability typically establishes within 60-90 days of operation.

Comparison Questions

How does One Man Army compare to other Ihor EAs?
One Man Army (17 pairs, limit orders, 5% DD) is the most conservative. Swing Master (15 pairs, 72% growth, 18% DD) is the highest performer but more aggressive. Scalper Investor (11 pairs, 25% returns, 14% DD) focuses on quick scalping. Bomber Corporation trades MACD divergences. For prop firms, One Man Army is best. For maximum growth with funded capital, Swing Master. For diversification, use multiple together.

Should I buy one EA or all four?
Depends on your capital and goals. With under $5,000, focus on One Man Army to master one system. With $10,000+, consider adding Swing Master for diversification. With $20,000+ or funded accounts, the complete portfolio ($917 crypto) provides institutional-level strategy diversification across 30+ currency pairs. All four EAs share the same risk philosophy (no martingale, stop losses), so they work well together.

Is One Man Army better than Mad Turtle EA?
Different strategies for different goals. Mad Turtle ($240) focuses on gold with AI trend-following showing 45% monthly peaks. One Man Army ($239) trades 17 currency pairs for portfolio diversification. Mad Turtle offers potentially higher returns but only one asset. One Man Army offers more stability through diversification. For prop firms, One Man Army’s multi-pair approach is generally safer.

Final Verdict & Rating

After analyzing backtests, live performance, strategy logic, developer background, and practical application, here’s our comprehensive assessment:

Overall Rating: 4.5/5 ⭐⭐⭐⭐½

Category	Rating	Comments
Strategy Quality	5/5 ⭐⭐⭐⭐⭐	Professional portfolio approach, limit orders, proper diversification
Live Performance	4/5 ⭐⭐⭐⭐	7% in 6 weeks, 5% DD is excellent. Need more time for full validation.
Risk Management	5/5 ⭐⭐⭐⭐⭐	No martingale, SL on every trade, conservative drawdown, prop firm ready
Developer Credibility	5/5 ⭐⭐⭐⭐⭐	4.77/5 avg across 4 EAs, active development, responsive support
Price to Value	5/5 ⭐⭐⭐⭐⭐	$239 for prop-firm quality portfolio system is exceptional value
Documentation	4/5 ⭐⭐⭐⭐	Good explanation of strategy and philosophy, could use more setup detail
Ease of Use	4/5 ⭐⭐⭐⭐	Initial setup requires 17 charts but runs automatically afterward

The Bottom Line

One Man Army EA is exactly what it claims to be: a professional-grade, multi-currency portfolio trading system designed for prop firm challenges and conservative growth.

Unlike flashy EAs promising 1000% returns with martingale strategies that eventually blow accounts, One Man Army takes the institutional approach: diversify across 17 currency pairs, use limit orders for precise entries, protect every trade with stop loss, and generate consistent returns with professional risk management.

Key Strengths

Areas for Consideration

Our Recommendation

Who This Review is For

We wrote this review for traders who:

• Want honest, evidence-based analysis over marketing hype
• Understand the value of portfolio diversification
• Are serious about prop firm trading or conservative growth
• Appreciate transparency about both strengths and limitations
• Need detailed technical information to make informed decisions

If you’re still chasing get-rich-quick martingale systems that promise 1000% monthly, this EA (and this review) isn’t for you. But if you’re ready to trade like professionals – with diversification, risk management, and realistic expectations – One Man Army delivers exactly that.

Final Thoughts

One Man Army represents the type of EA that should be standard in the industry: professional strategy, transparent performance, no dangerous tactics, honest developer, reasonable pricing.

The fact that it exists at $239 (vs $599) while many inferior martingale systems sell for $500+ shows there’s still value to be found if you know where to look.

At 6 weeks of live validation, we’re cautiously optimistic. The 94.9% win rate and 5% max drawdown are exactly what the strategy promised. If performance continues at this level for another 6-12 months, One Man Army will establish itself as one of the best prop-firm compliant portfolio EAs available.

For now, it earns our recommendation based on sound strategy, proper risk management, credible developer, and exceptional price-to-value ratio.

---

Disclaimer: This review is based on publicly available information from MQL5 marketplace, verified live signals, and product documentation as of October 2025. Trading forex carries significant risk. Past performance does not guarantee future results. Always test EAs on demo accounts before risking real money. We are not affiliated with the developer and receive no compensation for this review. The review contains affiliate links to CheaperForex where we may earn commission on sales.

Last updated: October 26, 2025 | One Man Army EA Version: 1.5 | Price: $239 crypto / $299 card at CheaperForex

Was this review helpful? Share it with traders who are researching One Man Army EA or looking for prop-firm compliant systems.