Dawnbreak
MT5 · BTCUSD · EURJPY +4
by AlgoVerdict
Not on our accounts yet
- Gain
- —
- Max DD
- —
- Tracked
- —
Dawnbreak trades one range breakout per day on gold and the DAX, with a stop on every trade and no grid. See the backtests, failed markets and risks.
Fairway
AUDCAD · MetaTrader 5 · Grid
Fairway is a trading robot (EA) for MetaTrader 5 that trades AUDCAD, with a grid strategy. It's sold by AlgoVerdict.
- A losing basket can stay open for days; a long trend can hit the basket stop more than once.
- Suits traders who know grids and want a fixed limit per basket (−150 USD per 3,500 USD by default).
- Not for beginners and not for netting accounts.
€99 excl. VAT
One-time licence
Checkout on our platform. VAT is added for your country.
What’s included
MetaTrader 5. Your licence key and the download are in My Account after payment.
Developed and supported by AlgoVerdict.
Why buy through Algo Trading Space
1 month of VIP Club, freeOnly when you buy here, not on the developer’s website. Added on if you are a member already; lifetime members get a month of VIP+.
- The set files we share in the VIP Club
- Checkout on our platform, with your order in My Account and our team to help
Accounts · 1
Every account running Fairway, the losing ones included.
Charts, trades and analysis for each one. Our Account Tracker reads each account straight from the broker. How we run and size them: our Backtesting & Trading Framework ↗.
Total Accounts
1
Total Trades
18
Profit Factor
9.25
Fairway EA
VendorUnknown
$12.57
+1.26% Gain
Deposit
$1,000.00
Balance
$1,012.57
Abs. gain %
+1.26%
Monthly Gain %
+2.53%short
Floating
-$6.14
Withdrawals
$0.00
Max DD %
2.38%
About Fairway
Fairway is a grid EA for AUDCAD M5 that trades stretched moves back to the mean and closes a losing basket at a hard basket stop. See how it trades, the default set, the scorecard dashboard and the risks.
The Mechanics of Fairway
Fairway is a grid Expert Advisor for MetaTrader 5. It trades one market: AUDCAD on the M5 chart, with its entry signal taken from H1. It is built for traders who know how a grid works and want a fixed limit on what one bad basket can cost. It is not a fit for beginners, and not for traders who expect every position to close within hours: a losing basket can stay open for days. A hedging account is required. Past results, in a backtest or on a live account, don't guarantee future results, and trading with an EA can lose money.
The core idea is mean reversion. AUDCAD spends most of its time moving sideways, and stretched moves tend to swing back. Fairway opens a basket when the price is stretched beyond an Envelopes band on H1. If the price keeps running, it adds orders at a growing distance. On the way back it closes them in profitable pairs. A grid usually has one weak spot: a long trend against an open basket. Fairway caps that case with a hard basket stop. A basket that reaches the set loss is closed completely, and the EA waits for the next signal. A stopped basket costs a known amount instead of the account. A long trend can still hit the stop more than once.
Fairway is developed by Pitt Petruschke (AlgoVerdict) and sold on Algo Trading Space. Version 1.10 was released on 23 October 2026. It ships with one default set, Fairway_AUDCAD_M5_v1.10.set, which has the same values as the default inputs. The developer runs this default set on his own live account at RoboForex, and our Account Tracker follows it on this page. That account is young, one to two weeks live, so read it as an early look at how Fairway trades, not as a track record.
How the strategy works
Illustration, not real prices. Past results do not guarantee future results.
Specifications
- Category
- Forex Trading Robots
- Platform
- MetaTrader 5
- Symbols
- AUDCAD
- Strategy
- Grid
- Asset class
- Forex Crosses
- Timeframe
- M5
- Risk level
- High
- Experience level
- Intermediate
- Setup
- Moderate
- Customization
- High
- Pricing model
- One-Time Payment
- Price range
- Under $100
- Vendor
- AlgoVerdict
- Price
- €99
Understanding the Fairway Strategy
Fairway is a mean-reversion grid for AUDCAD with a hard limit on what one basket can lose.
Best suited for:
- Traders who understand grids and want a fixed basket stop.
- Traders with a hedging account and a broker with a tight AUDCAD spread.
- Traders who can leave a losing basket open for days without stepping in.
Not recommended for:
- Beginners and traders who are new to grid EAs.
- Traders with a netting account.
- Traders who need a long live record before they commit.
Fairway is available here on Algo Trading Space. Once purchased, download it from My Account on Algo Trading Space, install it in MetaTrader 5 and start with a test in the Strategy Tester and on a demo account.
Fairway at a Glance
One pair: AUDCAD
It trades AUDCAD on the M5 chart, with its entry signal from the Envelopes band of the closed H1 candle.
Hard basket stop
A losing basket is closed completely at a set loss.
Read more
A losing basket is closed completely at a set loss. By default that is 150 USD per 3,500 USD size step.
No martingale
The grid distance grows, but the lot never doubles.
Read more
The grid distance grows, but the lot never doubles. It grows one step only if the last order is older than ten hours.
Hedging account
BUY and SELL baskets run independently and can be open at the same time, which a netting account does not allow.
Technical Specifications and Trading Logic of Fairway
Every rule in Fairway follows set values that you can read in the inputs. There is one entry signal, one grid rule, three ways out and one hard stop.
Envelopes Entry on a Closed H1 Candle
At the open of each M5 candle, Fairway reads the Envelopes band (EMA 14, 0.2 %) of the last closed H1 candle.
Read more
At the open of each M5 candle, Fairway reads the Envelopes band (EMA 14, 0.2 %) of the last closed H1 candle. A BUY basket starts when the Ask is below the lower band. A SELL basket starts when the Bid is above the upper band. BUY and SELL baskets work independently and can be open at the same time.
Grid With Growing Distance, No Martingale Doubling
If the price keeps going against the basket, the next order follows at 20 pips.
Read more
If the price keeps going against the basket, the next order follows at 20 pips. Each further distance is 1.2 times the previous one: 20, 24, 28.8, 34.6 pips and so on. The lot stays the same. It grows by one step (0.01 per size step) only if the last order is older than 10 hours, up to a maximum of 0.10 lot per size step. There is no martingale doubling. Two orders of one basket are at least 30 minutes apart.
Pair Closing and Recovery Mode
A single order closes at +10 pips.
Read more
A single order closes at +10 pips. With several orders, the best order closes together with one base lot of the worst order as soon as the pair is 8.5 pips in profit on the combined lots. When a basket reaches a floating loss of 100 USD per size step, recovery mode starts. From then on every order closes on its own at +10 pips, until the basket is empty.
Basket Stop and Account Stop
The basket stop is the central risk control.
Read more
The basket stop is the central risk control. A basket with a floating loss of 150 USD per size step is closed completely. An optional account stop closes everything at a set floating loss in % of the balance and then pauses new baskets for 18 hours. It is off by default. By default, no new basket opens while the total floating loss is above 50 USD per size step.
Market, Broker and Account Requirements
Fairway is tested on AUDCAD M5 only.
Read more
Fairway is tested on AUDCAD M5 only. Other symbols are not tested. It needs a broker with a tight AUDCAD spread: new baskets wait while the spread is above 4 pips. It needs a hedging account. On a netting account BUY and SELL baskets cannot exist at the same time, and the EA prints a warning.
Platform and Safety Checks
Fairway is built for MetaTrader 5.
Read more
Fairway is built for MetaTrader 5. It is restart-safe: after a terminal restart or re-attaching the EA, open positions are found again by their magic number and managed as before. Before every order it checks that trading is allowed, the minimum and maximum volume, the volume limit and the free margin.
Core Strengths of the Fairway System
Known Loss per Basket
The basket stop closes a losing basket at a set amount per size step, so each stopped basket has a known cost.
No Martingale Doubling
The grid distance grows, but the lot grows one step at a time, only if the last order is older than 10 hours, never by doubling.
Scales With the Balance
Lots and all money limits are set per 3,500 USD size step and grow together with the account.
Scorecard Dashboard
Each basket shows a bar for how close it is to the basket stop, so you see the risk at a glance.
Restart-Safe Operation
Open positions are found again by their magic number after a restart, and a second copy on the same symbol refuses to start.
Who Should Use Fairway?
Fairway fits traders who accept how a grid behaves and want its worst case written down in advance.
The Grid Trader Who Wants a Hard Limit
You know that a grid makes small, frequent gains and that a trend against it is the real danger.
Read more
You know that a grid makes small, frequent gains and that a trend against it is the real danger. You want a grid that closes a losing basket at a set amount instead of holding it until the account runs out. You accept that this stop turns a floating loss into a real loss.
The Patient Mean-Reversion Trader
You can watch a basket stay in loss for days without stepping in.
Read more
You can watch a basket stay in loss for days without stepping in. You accept a thin edge, and that a quiet stretch can end slightly negative because of the basket stops. You judge the EA over years, not weeks.
The Trader Who Needs a Long Proven Record
Fairway is probably not for you yet.
Read more
Fairway is probably not for you yet. It is tested on AUDCAD only, and the developer's live account has run for only one to two weeks. If you trade on a netting account or are new to grids, look elsewhere.
Why Traders Choose Fairway for Automated Trading
The Basket Stop Is the Core, Not an Add-On
A grid usually fails on a long trend against an open basket.
Read more
A grid usually fails on a long trend against an open basket. Fairway is built around an answer to that case: a hard basket stop that closes the whole basket at a set loss. That is why the stop is on by default.
Clear, Mechanical Rules
The entry is an Envelopes band on a closed H1 candle.
Read more
The entry is an Envelopes band on a closed H1 candle. The grid distance, the lot step, the pair close and the recovery mode all follow fixed numbers that you can read in the inputs.
A Live Account From the Developer
The developer trades the default set on his own RoboForex account, and our Account Tracker follows it on this page.
Read more
The developer trades the default set on his own RoboForex account, and our Account Tracker follows it on this page. The account is young, one to two weeks live, so it shows how Fairway trades, not what it can earn over time.
One-Time Price
Fairway costs 99 EUR plus VAT as a one-time purchase on Algo Trading Space.
Read more
Fairway costs 99 EUR plus VAT as a one-time purchase on Algo Trading Space. There is no rent option.
The Fairway Setup and Implementation Process
Two points need care: the account type and the size of the basket stop compared with your balance.
Download and File Placement
After you buy Fairway on Algo Trading Space, download it from My Account on Algo Trading Space.
Read more
After you buy Fairway on Algo Trading Space, download it from My Account on Algo Trading Space. Open File, then Open Data Folder in MetaTrader 5, and copy the MQL5 folder of the package into it. Then right-click Expert Advisors in the Navigator and choose Refresh. Fairway checks its licence online, so allow our address once in MetaTrader: open Tools, then Options, then Expert Advisors, tick "Allow WebRequest for listed URL" and add https://algotradingspace.com.
Initialization on AUDCAD M5
Open an AUDCAD M5 chart and drag Fairway onto it.
Read more
Open an AUDCAD M5 chart and drag Fairway onto it. On the Common tab, tick Allow Algo Trading. Then switch on Algo Trading in the toolbar. On start, the Experts log shows the settings, the magic number (97962) and any warnings, for example about a netting account. Use one chart per account. A second copy on the same symbol in the same terminal refuses to start.
Configuring the Set and the Basket Stop
On the Inputs tab, load Fairway_AUDCAD_M5_v1.10.set.
Read more
On the Inputs tab, load
Fairway_AUDCAD_M5_v1.10.set. All money values in Fairway are given per size step. One size step is 3,500 USD of balance, and the default trades 0.01 lot per size step. The lot, the basket stop and the other money limits grow together with the balance:- 1,000 to 6,999 USD: 1 size step, first lot 0.01, basket stop −150 USD.
- 7,000 to 10,499 USD: 2 size steps, first lot 0.02, basket stop −300 USD.
- 10,500 to 13,999 USD: 3 size steps, first lot 0.03, basket stop −450 USD.
Below 3,500 USD, Fairway still trades 0.01 lot. The basket stop then becomes a larger share of the account. With 1,000 USD, −150 USD is 15 % of the balance. If that is too much for you, lower the basket stop.
Monitoring and Management
After the start, a dashboard appears on the right side of the chart.
Read more
After the start, a dashboard appears on the right side of the chart. It looks like a golf scorecard and has three tabs. Status shows the system state, the signal, the lot, the spread, today's result and the basket stop. Baskets shows each open basket as a "hole", with its orders and a bar that shows how close it is to the basket stop. Scorecard is the clubhouse book: today, week, month, total, maximum drawdown and the number of basket stops. Switch tabs with a click or the keys 1, 2 and 3, and fold the panel with H. Run the terminal on a VPS or another machine that runs 24/5, because baskets can stay open for days.
Technical Review and Implementation
Before you trade Fairway live, run the default set in the Strategy Tester with your broker's real ticks, then on a demo account. Check that your account allows hedging and that your AUDCAD spread usually stays below 4 pips. Compare the basket stop with your balance: below 3,500 USD the EA still trades 0.01 lot, so lower the basket stop if −150 USD is too large a share for you.
Common Questions About Fairway
Which currency pair and timeframe does Fairway trade?
Fairway trades AUDCAD on the M5 chart. The entry signal comes from the Envelopes band of the last closed H1 candle, checked at the open of each M5 candle. Other symbols are not tested.
Is Fairway a grid or martingale EA?
Fairway is a grid EA. If the price moves against a basket, it adds orders at a growing distance. It does not double the lot like a martingale: the lot stays the same and grows by one step only if the last order is older than 10 hours. It can hold a losing basket for days, and it takes real losses at the basket stop.
What happens when the basket stop is hit?
The whole basket is closed at the set loss, by default 150 USD per size step. The loss is real. Fairway then waits for the next signal and starts a new basket. You can set the basket stop to 0 to switch it off, but then a long trend against an open basket has no limit at all.
How much capital do I need?
The default set trades 0.01 lot per 3,500 USD and closes a basket at −150 USD per 3,500 USD. With a smaller balance the EA still trades 0.01 lot, so the basket stop is a larger share of the account. With 1,000 USD it is 15 % of the balance. Reduce the basket stop to match your account.
Which account type do I need?
A hedging account. BUY and SELL baskets work independently and can be open at the same time. On a netting account that is not possible, and the EA prints a warning.
Is there a live account?
Yes, a young one. The developer runs the default set on his own RoboForex account, and our Account Tracker follows it on this page. It has run for one to two weeks, so treat it as an early look. Before you trade Fairway live, test the default set with your own broker's real ticks.
What does Fairway cost?
99 EUR plus VAT as a one-time purchase on Algo Trading Space. There is no rent option.
Do I need a VPS?
Yes. Fairway needs a terminal that runs 24/5, so run it on a VPS. Baskets can stay open for days, and the EA must be running to manage the grid, the pair closes and the basket stop.
Robots like Fairway, same developer first.
RecoveryPilot
MT5 · All symbols
by AlgoVerdict
Not on our accounts yet
- Gain
- —
- Max DD
- —
- Tracked
- —
RecoveryPilot locks a losing trade and pays it off part by part on MT5. See how version 1.2 works, its safety limits and the risks of grid and zone mode.
Snapback Pro EA
MT5 · CADJPY · EURCHF +5
by AlgoVerdict
Not on our accounts yet
- Gain
- —
- Max DD
- —
- Tracked
- —
Snapback Pro EA trades against stretches beyond yesterday's range as a linear grid on up to 20 pairs. See the sets, the backtests and the stop-out case.