The Forex Exchanger MT5
Version1.44updated
The Forex Exchanger MT5 is a Expert Advisor for MetaTrader 5, published by Fabio Cavalloni. Its linked live signal covers 896 trades in 4.8 years, at a profit factor of 3.54 and a win rate of 85.6%. A win and a loss are 1.7× apart, so one loss undoes that many wins.
- 896 trades on the linked live signal
- 250 weeks of recorded history
- Tracked on an account opened with 3000 EUR
The Forex Exchanger MT5 signal at a glance
The three panels from the MQL5 signal page, with the figures the marketplace itself plots. Its drawdown axis is the relative drawdown by balance — the same measure this site computes from the trade history further down. The equity figure, which counts floating losses on positions still open, is a different number and is printed beside it in the specification.
growth since 2021
1951%
ICMarkets-MT51:500
Transcribed from MQL5 live signal 1416185, statistics as published on the signal page. See the signal page ↗
- Total return
- +1950.6%
- 4.8 yearsno fixed scale
- Max drawdown
- 12.3%
- 29 days to recover0–100% below the running peak
- Profit factor
- 3.65
- gross win ÷ gross loss1.0 at the centre, 3.0 at the rim
- Win rate
- 85.5%
- 897 trades0–100% of closed trades
- Recovery factor
- 21.11
- net profit ÷ worst fall0 at the centre, 10× at the rim
- Sharpe
- 3.93
- on monthly returnsno fixed scale
Computed from MQL5 live signal 1416185, statistics as published on the signal page. See the source ↗
The Forex Exchanger MT5 Kept Score
Four measured quarters out of 100. Every input is a figure printed elsewhere on this page, read against a band that is the same for every product on the site.
89
out of 100
from trade history
- Evidence25 / 25
897 trades over 58 months
against 0 at the floor, 24 months at full, and 0 at the floor, 500 trades at full
- Risk control21.9 / 25
12.34% worst drawdown
against 0–100% below the running peak
- Consistency25 / 25
3.65 profit factor
against 1.0 at the centre, 3.0 at the rim
- Return on risk25 / 25
21.11× recovery factor
against 0 at the centre, 10× at the rim
- Grid / basket positions−4
- Unbounded losses−4
How the Kept Score is worked out, and every product scored →
The Forex Exchanger MT5 live signal record
Account growth
897 closed trades from 28 Dec 2021 to 13 Oct 2026.
The shape of the record
Six measures on fixed scales — the same scales for every product on this site.
- Winning trades0–100% of closed trades
- Losing trades0–100% of closed trades
- Maximum drawdown0–100% below the running peak
- Profit factor1.0 at the centre, 3.0 at the rim
- Recovery factor0 at the centre, 10× at the rim
- Profitable months0–100% of months in the record
Where the balance came from
Trading profit against the money paid into and taken out of the account.
Time spent below the previous peak
Deepest fall 12.3%, over 29 days.
Result by month
98.3% of months finished up.
Download
Download and pricing
The Forex Exchanger MT5 free download
There is a free download, and it is the demo MQL5 hosts on the listing itself. It is the full algorithm, restricted to the MetaTrader 5 Strategy Tester — you can backtest it on your own broker's history for nothing. What it cannot do is trade a live or demo account. That needs the paid version.
Free demo
€0
- Runs in the MetaTrader 5 Strategy Tester
- Backtest on your own broker's price history
- Cannot trade a live or demo account
- Downloaded 749 times
Full version — from us
€29.99save 98%
- Trades live and demo accounts
- 10 activations per licence
€1,299on the MQL5 Market- Licensed by the seller — the same build
The demo link goes to the seller's own MQL5 listing, where the free demo is hosted. The paid version is sold by us under licence — it is the seller's build, not a copy or a repack, and the MQL5 listing is linked above so you can compare the two before you buy. Anything offering a paid Expert Advisor as a freelive download is pirated, unsupported, and a common way to get a trading account drained by a modified build.
What The Forex Exchanger MT5's record shows
Grid / basket positions
Up to 8 positions were held on GBPNZD at the same time. Baskets like this share one adverse move, so the account's real exposure is the whole ladder rather than any single trade.
How this was measured
- Peak simultaneous positions
- 8
- Symbol
- GBPNZD
- Measured from
- overlapping open/close times
Unbounded losses
The worst loss is 17.4× the typical one. Losses that fan out like this are the signature of a strategy with no fixed stop, though the export has no stop-loss column to confirm it directly.
How this was measured
- Worst vs typical loss
- 17.4×
- Typical loss
- 27.9
- Worst loss
- 484.18
- Source
- inferred from loss distribution — no stop-loss column present
How The Forex Exchanger MT5 trades
Read off the record rather than the sales page: how long it holds, which way it leans, and what market the figures actually describe.
How long it stays in
Positions last 7.0 days on average, which makes this a position system whatever the listing calls it. Holding time decides how much the spread costs you and how much overnight risk you are carrying.
Which way it trades
Its 897 trades split 38.2% long to 61.8% short, so the result does not rest on the market having gone one way.
Spread across markets
It is listed for EURUSD, GBPUSD. The published figures are the combined result, so a strong market can carry a weak one inside the same total.
Where the money came from
The same totals the listing publishes, divided into the numbers that say whether an edge is real and whether it would survive being run on a different account.
Money won against money lost
It won €25,704 and lost €7,252, a profit factor of 3.65. For every €1.00 it handed back it took €3.65 in gross profit.
Where the edge comes from
It wins 85.5% of the time, but its average win is only 0.6× its average loss. The edge is frequency, not size — it needs about 62% of trades to win simply to break even.
What one trade is worth
Averaged over 897 trades, each returned €20.57 on an account that opened at €3,000. That is the figure to multiply by your own trade count — not the headline growth.
Growth, per month
+1950.6% total over 58 months compounds to +5.4% a month. The monthly rate is the comparable number: a total says as much about how long an account ran as about how well it traded.
What could go wrong with The Forex Exchanger MT5
Every figure here is already in the record. These are the parts of it a summary table averages away.
Two drawdowns, not one
Drawdown reached 73.4% on equity and 11.8% on closed trades. The two sitting close together is what you want — it means open losses were not being parked out of sight.
The worst single trade
Its worst trade lost €483.37, 8.6× the average loss of €56.21. The account grew 4.0× over the record, which accounts for most of that spread — adjusted for it the worst loss is 2.1× the average. Adjusted, the losses cluster rather than fan out, which is the shape a stop produces.
Its longest cold spell
It lost 4 trades in a row at some point. At the average loss that is about €225, or 7.5% of the €3,000 the account opened with. Assume it happens again, and ask whether you would still be running it on the far side.
Profit against the worst dip
It made 21.1× its deepest drawdown in total profit. Above one means the record has more than covered its own worst stretch.
What The Forex Exchanger MT5 needs from your account
Cost and account size, against the drawdown this record already produced.
The account these figures came from
Every figure above comes from one account that opened with €3,000 at ICMarkets-MT5. A different size, a different broker or different settings is a different result.
What buyers say
Counted from the reviews MQL5 publishes on the listing. We count the subjects raised and the ratings given; we do not reprint the reviews.
What the marketplace scores it
5.00 out of 5 from 9 reviews on MQL5. That is a rating of the purchase — the seller, the support, the documentation — and only indirectly of the trading.
What buyers actually write about
Across the 9 most recent reviews, seller support comes up most often — 3 of them mention it. None of the recurring subjects appears mainly in negative reviews.
How the recent ones split
Of the 9 reviews the listing serves, 6 rate it four stars or better and 0 rate it two and a half or worse. This is the most recent page rather than every review ever left, which means it describes the version on sale now.
Who maintains it
How recently it was touched, how long it has been sold, and what the marketplace record says about the seller.
Whether anyone is still working on it
Version 1.44, last updated 15 Jul 2023 — about 39 months ago. Brokers change their conditions faster than that, and an unmaintained system does not notice when they do.
How long it has been on sale
Listed since 11 May 2022, about 53 months. Long enough to have traded through more than one kind of market.
Who is behind it
MQL5 gives Fabio Cavalloni its badges for “Sold more than 100 products”, “Completed more than 100 orders”, “More than 10 signal subscriptions”. Those count marketplace volume, not trading results — a seller can move a great many copies of something that loses money.
The Forex Exchanger MT5 vs TwisterPro Scalper vs Quantum Emperor MT5
How The Forex Exchanger MT5 stands against two other measured tools on the site, on the ratios that do not depend on account size. Every figure is computed from that product's own record; the marker shows which leads on each measure.
- Profit factorEverything won divided by everything lost
- 3.65
- 5.80▲
- 2.26
- Payoff ratioAverage win divided by average loss
- 0.62
- 1.60▲
- 0.20
- Max drawdownDeepest fall from a previous high
- 12.3%
- 5.0%▲
- 31.1%
- Recovery factorNet profit per unit of worst fall
- 21.11▲
- 10.71
- 3.03
- Growth per monthTotal growth compounded to a monthly rate
- 5.39%
- 12.46%▲
- 9.01%
- Win rateNot scored — a high win rate is only good if the payoff supports it
- 85.5%
- 78.4%
- 91.7%
TwisterPro Scalper leads on 4 of the 5 measures that could be decided — The Forex Exchanger MT5 on 1. The full comparison lists what the records do not share.
The Forex Exchanger MT5: common questions
The four things people search for about this product, answered from the record rather than from the sales page.
Is there a The Forex Exchanger MT5 free download?
Yes — a free demo. The Forex Exchanger MT5 is sold on the MQL5 Market, and every listing there carries a demo you can download at no cost. It is the full algorithm limited to the MetaTrader 5 Strategy Tester, so you can backtest it on your own broker history for nothing, but it will not trade a live or demo account. The full version is $29.99 from us, against $1,299 on the MQL5 Market. MQL5 records 749 downloads of it. Anything advertising the paid version as a free live download is a pirated build — usually modified, always unsupported, and a common way to lose an account.
Does The Forex Exchanger MT5 have a live signal?
Yes. The Forex Exchanger MT5 publishes a live signal on MQL5 covering 897 trades over about 58 months, and MQL5 verifies it from the broker's own trade feed rather than from the seller. It shows 5.4% a month compounded, a deepest fall of 12.3% and a profit factor of 3.65. Every figure on this page is recomputed from that record, and the page links it so you can check the arithmetic yourself.
Is there a The Forex Exchanger MT5 backtest?
Not one from us, and deliberately. A backtest is run by whoever is selling the product, on history and settings they choose, and it can be tuned until it looks good — which is why a flawless backtest and a poor live record so often sit on the same page. Instead this page measures 897 real trades over about 58 months of forward results, which is stronger evidence than any backtest: nobody can re-run it until it looks good. If you want a backtest, run your own: the free MetaTrader 5 demo does exactly that on your own broker's spreads, which is the only backtest whose assumptions you control.
Is there a The Forex Exchanger MT5 Myfxbook review?
Not that we can verify. The Forex Exchanger MT5 is not tracked on Myfxbook, and we will not point at a third-party page we cannot confirm belongs to this product — a name match is not proof. Its verified record is the MQL5 signal linked on this page, which serves the same purpose: an independent platform reading the broker's trade feed directly rather than taking the seller's word for it. Reviews on the MQL5 listing itself rate the purchase — the seller, the support, the documentation — rather than the trading, which is what the measured figures on this page are for.
The Forex Exchanger MT5 specification
- Platform
- MetaTrader 5
- Type
- Expert Advisor
- Author
- Fabio Cavalloni
- Symbols
- EURUSD, GBPUSD
- Version
- 1.44
- Published
- 11 May 2022
- Last updated
- 15 Jul 2023
- Tracked account
- ICMarkets-MT5 · 1:500
- Opening deposit
- €3,000
- Current balance
- €12,652
- Record length
- 250 weeks (57.5 months)
- Max drawdown by equity
- 73.37% · €4,180
- Max drawdown by balance
- 11.81% · €674
- Worst losing streak
- 4 trades
- Trades analysed
- 897
- Average hold
- 7.0 days
- Expected payoff
- €21 per trade
- Sharpe (as published)
- 0.38
- History measured
- 28 Dec 2021 – 13 Oct 2026
- Trades analysed
- 897
- Opening balance
- €3,000
- Data source
- MQL5 live signal 1416185, statistics as published on the signal page
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