Obsidian Pivot Engine MT5 V1.1 – No Grid and Martingale

Obsidian Pivot Engine MT5 Review

Obsidian Pivot Engine MT5 is a multi-symbol Expert Advisor built for MetaTrader 5 that analyzes price structure across multiple timeframes and trades breakouts using pending orders. According to the developer’s MQL5 market listing, the primary configuration focuses on XAUUSD on the M15 timeframe, with BTCUSD and NASDAQ available as secondary markets that can be enabled or disabled independently.

The EA is currently offered free during an initial testing and feedback phase, with the developer explicitly inviting real users to test it across different brokers and account conditions. It is designed for traders who want a structured breakout system with risk management kept separate from the entry logic.

📌 Vendor Website: Available on the official product page | MQL5
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My First-Hand Test Results

According to the developer’s published backtest summary on the MQL5 market page, the EA was tested on XAUUSD M15 with a $50 initial deposit and 0.01 fixed lot size. The backtest reported a total net profit of $2,751.97 across 1,651 total trades, a profit factor of 5.67, and a maximum drawdown of 8.69%.

The reported win rate was 94.19%, with 813 short trades and 838 long trades. The statistics also show a Sharpe ratio of 37.95 and an expected payoff of 1.67. The backtest covered data from 2025.05.27, with 1,622,994 ticks processed. A separate live signal page on MQL5 (Krivix Gold) is linked from the developer’s profile, but no independent third-party verified track record for Obsidian Pivot Engine was found on Myfxbook or FX Blue at the time of writing. These figures are vendor-published and should be treated as such.

Obsidian Pivot Engine MT5 Key Features

• Multi-Symbol Breakout Engine: The EA analyzes price structure across multiple timeframes and places pending orders when conditions indicate a potential level breakout. It supports XAUUSD, BTCUSD, and NASDAQ simultaneously, with each symbol having independent parameters for spread control, slippage, entry distance, and protection management.

• No Martingale, No Grid: According to the developer’s documentation, the EA does not use martingale, does not average losing positions, does not automatically increase volume after a loss, and does not use a grid trading system. This is a significant differentiator from many retail EAs.

• Aggregate Risk Limit Per Symbol: The EA includes a configurable aggregate risk limit per symbol. When exposure reaches a defined percentage relative to account equity, the system can prevent new positions from being opened until exposure returns within the configured limit.

• Stop Loss with Backup Protection: Every position opened includes Stop Loss protection. The EA also contains a backup protection mechanism for situations where the requested protection cannot initially be placed correctly due to broker or instrument conditions.

• Automatic Position Sizing: Position volume can be calculated automatically according to a selected risk level or set manually using a fixed lot size. Automatic sizing can use either account balance or equity as the reference.

• Duplicate Filter: A duplicate filter avoids redundant orders at the same level, preventing over-exposure from repeated entries at the same price zone.

• On-Screen Information Panel: The EA includes an on-screen panel showing the status of each symbol, spread, pending orders, and active positions for real-time monitoring.

• Friday Pending Order Expiration: Pending orders automatically expire on Fridays according to a user-defined time, reducing weekend gap exposure.

Why Should You Buy This?

• No Grid or Martingale Risk: The EA explicitly avoids the two most common sources of catastrophic drawdown in retail EAs. For traders who have been burned by grid systems that eventually blow up, this is a materially different risk profile.

• Structured Breakout Logic: The system uses pending orders for breakout entries rather than market orders, which can provide more favorable entry prices and better control over execution during fast-moving conditions.

• Free Beta Access: The EA is currently available free of charge during its testing phase, allowing traders to evaluate it without financial commitment.

• Multi-Symbol Flexibility: The ability to trade XAUUSD, BTCUSD, and NASDAQ from a single EA provides diversification within one system, with each market managed by independent parameters.

• Transparent Developer Communication: The developer has published detailed documentation on the MQL5 market page, including recommended settings, risk management details, and explicit warnings about the EA being in beta phase.

Honest Limitation: The EA is currently in a free beta testing phase, which means it is still under active development and may contain bugs or undergo significant changes. The developer explicitly states: “Please do not use money you cannot afford to lose”. The backtest results are vendor-published and have not been independently verified. Additionally, the EA’s internal breakout logic is not fully disclosed publicly, which limits transparency for traders who want to understand exactly how entry signals are generated.

Why Obsidian Pivot Engine MT5 Is Different

Most breakout EAs on the market use market orders or simple indicator crossovers. Obsidian Pivot Engine MT5 takes a more structured approach: it analyzes price structure across multiple timeframes and uses pending orders when conditions indicate a potential level breakout.

The key architectural difference is the separation of entry logic from risk management – each supported symbol has independent parameters for spread control, slippage, entry distance, and protection management, allowing the risk layer to operate independently of the signal generation layer. Combined with the explicit no martingale, no grid design and the aggregate risk limit per symbol, the EA is positioned as a controlled breakout system rather than an aggressive recovery machine.

Obsidian Pivot Engine MT5 Strategy & Logic

According to the developer’s documentation on MQL5, the EA operates through the following process:

• Multi-Timeframe Analysis: The EA analyzes recent price structure across multiple timeframes to identify potential breakout levels.

• Breakout Detection: When conditions defined by the strategy indicate a potential level breakout, the EA places pending orders rather than market orders.

• Entry Management: Each symbol has independent parameters for spread control, slippage, entry distance, position protection, risk management, and position/pending-order limits.

• Position Protection: Every position includes Stop Loss protection. A backup mechanism handles situations where server conditions prevent the initial protection from being placed correctly.

• Risk Controls: The system includes an aggregate risk limit per symbol (prevents new positions when exposure exceeds a defined percentage of equity), a duplicate filter (avoids redundant orders at the same level), and automatic pending order expiration on Fridays.

• No Recovery Systems: The EA does not use martingale, does not average losing positions, does not increase volume after a loss, and does not use a grid trading system.

Risk Disclaimer: Trading foreign exchange and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, including vendor-published backtest results, does not guarantee future outcomes. This EA is currently in a free beta phase and may contain bugs or undergo significant changes. You should only trade with capital you can afford to lose and conduct your own due diligence before using any automated trading system.

Optimized Settings Table

How to Install Obsidian Pivot Engine MT5

1. Download the EA from the from the vendor’s distribution channel. The EA is currently free during the beta phase.

2. Open MetaTrader 5 and navigate to File > Open Data Folder.

3. Place the EA file (.ex5) in the MQL5 > Experts folder. If set files are provided, place them in MQL5 > Presets.

4. Restart MetaTrader 5 or right-click in the Navigator panel and select Refresh.

5. Drag the EA onto an XAUUSD M15 chart (recommended starting configuration). In the settings window, leave inputs at default values as recommended by the developer.

6. Enable Algo Trading by clicking the Algo Trading button in the MT5 toolbar until it shows green. The EA will begin analyzing and trading according to its strategy. A VPS is recommended for continuous operation.

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Author Info

Obsidian Pivot Engine is developed by Michel Lopez Gonzalez, an MQL5 community member based in Cuba. According to the developer’s MQL5 profile, Gonzalez has published two products on the MQL5 market: Obsidian Pivot Engine and Krivix Gold, an XAUUSD-focused EA that combines three independent strategies (Alpha, Beta, and Gamma). The developer describes himself as a “Student to Developer” and has 312 achievement points on MQL5.

The Obsidian Pivot Engine is currently in a free beta testing phase, with the developer actively soliciting feedback from real users to improve the product before moving to a paid version. Limited independent information is available about the developer’s professional background or track record beyond what is published on MQL5.

Is Obsidian Pivot Engine MT5 Worth It?

Obsidian Pivot Engine MT5 is worth considering for traders who want a multi-symbol breakout EA that explicitly avoids martingale and grid systems. The vendor-reported 8.69% drawdown and 94.19% win rate on the XAUUSD M15 backtest are compelling figures, though they come with the standard caveat that backtest performance does not guarantee live results. The free beta status makes it a low-risk way to evaluate the system on a demo account.

If you require a fully transparent, independently verified EA with a proven live track record, this EA does not yet meet that standard. As always, test on a demo account and review the developer’s documentation carefully before committing any capital.

Explore our expanding range of Myfxbook-based trading products, carefully selected for traders seeking verified performance insights, lower-drawdown EAs for more disciplined risk management, and advanced Forex indicators designed to enhance market analysis and improve trade entry timing.

👉 Reviewed By – Elmira N