The art of Forex MT5 Review: PF 1.91, Max DD 30.35%

The art of Forex MT5 Review — PF 1.91 / Max DD 30.35% Under the Same Conditions as Our EAs (2020–2024, Real Ticks)

This article reports our backtest of The art of Forex MT5, a free EA on the MQL5 Market (MQL5 product page), run under the same conditions we use for our own EAs. All figures are our own measurements. No vendor images or vendor performance claims are reproduced.

Test Conditions (Full Disclosure)

Period, initial deposit, leverage and tick data are identical to our own EA tests. Only the symbol and timeframe differ.

Results

It made 2,283 trades in about 4.2 years (about 550 per year). We did not measure year-by-year results.

Comparison with Our EAs (Same Conditions)

On Oct 11, 2026 we re-ran our own EAs (the files we distribute, default settings) with the same period, deposit, leverage and real ticks. The The art of Forex MT5 figures come from the same measurement as the comparison table in our EA Lab (the own-EA rows in the EA Lab still include values from before this re-run).

Because the symbols and timeframes differ, this does not show which EA is better in the same market. Net profit depends heavily on how lot size is set (fixed or compounding), so please focus on PF and max DD. Max DD uses the same definition for all rows (largest equity decline).

Under the same conditions, PF was 1.91 for The art of Forex MT5 and 1.82 for DONCHIAN ENGINE; max DD was 30.35% and 10.33%; trades were 2,283 and 281.

Limitations of This Test (Please Read)

• The art of Forex MT5 was tested on M15. This may differ from the vendor's recommended timeframe and settings. We plan to re-test it on the recommended timeframe with a different tick source and will add the results here.
• The ticks are Dukascopy data. Spreads and execution differ between brokers, and so do results.
• The build date of The art of Forex MT5 (Jun 5, 2025) is later than the test period. Our EAs were also built after the test period. For both, results in this period do not indicate future performance.
• We tested the version available at the time. Later updates have not been tested.
• Backtests do not guarantee future profits.

Summary (Facts Only)

• From Jan 2020 to Feb 2024 on EURUSD M15 with real ticks and default settings, The art of Forex MT5 recorded PF 1.91, max DD 30.35%, 2,283 trades and net profit of +$17,142.29.
• Under the same conditions, PF was 1.91 for The art of Forex MT5 and 1.82 for DONCHIAN ENGINE; max DD was 30.35% and 10.33%; trades were 2,283 and 281.
• If you are considering a purchase, we recommend running the MQL5 demo in the Strategy Tester under conditions close to your own account and checking the max DD and year-by-year results.

Sources and Related Pages

• The art of Forex MT5 (MQL5 Market product page)
• EA Lab: our EAs vs. market EAs under the same conditions
• 312 MQL5 EAs tested at once (real-tick re-test)
• How many trades a backtest needs
• Equity DD vs. balance DD
• Testing methodology

Trademarks and Rights

• The art of Forex MT5 is a trademark or product name of its owner. This article uses the name descriptively for comparison and testing; we have no affiliation with the vendor.
• All figures are our own backtests. The source data (result CSVs and our own EA reports) are preserved.
• If you find a factual error, please tell us via Contact. We will check and correct it promptly.