A closer look.
TheRedeemer is an algorithmic Expert Advisor developed for MetaTrader MT5 trading environments.
What it is. TheRedeemer is a hedged grid Expert Advisor for MetaTrader 5 with drawdown recovery. It opens a buy and a sell together, manages each position with hidden exits that scale with volatility, and can add positions, recover a drawdown and bank profit with the modules below. It trades the symbol of the chart it is attached to; it was developed and used on gold (XAUUSD). How a cycle starts. With no position on the symbol it opens a hedge pair (HedgeBuy + HedgeSell, equal lots; EntryType, N
Designed for systematic risk controls and consistent trading operations, this tool integrates smoothly into both live and demo terminal profiles.
Features & Highlights
- Algorithmic Strategy: Built around Experts with automated signal validation.
- Risk Controls: Integrated stop-loss, take-profit, and risk-per-trade caps.
- Optimized Execution: Engineered with low-latency event processing for MT5.
- Configurable Inputs: Flexible parameters allowing fine-tuning for any currency pair or market condition.
Resource specifications
- Resource type
- Expert Advisor
- Developer
- Ganzorig Munkhbayar
- Compatibility
- MT5
- Requirements
- MetaTrader MT5 Terminal, Standard / ECN Broker with low spread, VPS recommended for 24/5 continuous trading.
Installation
- Click the Download Now button to obtain the MT5 package.
- In your MetaTrader MT5 client, open File > Open Data Folder.
- Navigate to
MQL5\Experts and paste the executable file. - In Navigator, right-click and choose Refresh (or restart your terminal).
- Attach to your target chart and ensure Allow Automated Trading / DLL Imports is enabled.
Before you trade
Expert Advisors, indicators, and tools do not guarantee trading results. Test carefully before using any resource in live trading.
Read the risk disclosure
