The Readout
The Readout — Chart Radar’s journal on AI-assisted trading, automation, backtesting, indicators and risk management for MetaTrader 5. Grounded, practical, educational — not financial advice.
Expert Advisors: from scripts to AI-assisted execution
Expert Advisors are the engine of automation on MetaTrader 5. What an EA really is, what it can and cannot do, and how an AI-assisted layer changes the picture.
The indicators that earn their place on your chart
Most charts are cluttered with indicators that repeat the same story. A practical guide to choosing a small set that actually informs an automated MT5 strategy.
Anatomy of a trade setup, from signal to fill
A clean setup is more than an entry arrow. Walking through the parts of a trade — signal, entry, stop, target and sizing — and how an automated MT5 system assembles them.
Why strategies stop working (and what to do about it)
Even a well-tested strategy can fade. Why edges decay, how to tell a rough patch from a broken system, and why adaptability matters for automated MT5 trading.
What AI actually adds to MetaTrader 5
MetaTrader 5 has run automated strategies for years. So what does "AI" genuinely change? A grounded look at where machine learning helps an MT5 trader — and where it does not.
Discipline when the machine holds the trigger
Automation removes some emotional mistakes and introduces new ones. The behavioural discipline an automated MT5 trader still needs — from meddling to over-trust.
Reading the signals: automation without losing control
Handing execution to a machine does not mean handing over judgement. How to stay in command of an automated MT5 system — from risk profiles to the kill switch.
Backtesting an MT5 strategy the right way
A backtest can prove almost anything if you let it. How to test a MetaTrader 5 strategy honestly — out-of-sample data, realistic costs, and the traps that flatter results.
Risk management every automated trader needs
The fastest way to blow an automated account is to get sizing and drawdown wrong. The core risk controls every MT5 trader should set before switching a system on.
MT5 vs MT4: what changed and why it matters
MetaTrader 5 is not just a higher version number than MT4. A clear look at what actually changed — from timeframes and order types to the language behind automated strategies.