Blackrock First EA delivers institutional-style automated MT5 trading with verified EUR/USD results

This 2026 review offers a focused performance analysis of Blackrock First EA, examining live results, trade logic, and real-world robustness on the MT5 platform. The intent of this review is to separate marketing claims from measurable outcomes by assessing win rates, drawdowns, and trade frequency across verified EUR/USD accounts. Blackrock First EA is unique because it intentionally mimics early institutional systems: low-frequency entries, strict time and volatility filters, and a preference for leaving positions to run. My analysis of the algorithm shows it uses fixed position sizing tied to account equity, combined with trailing exits rather than fixed time stops, which reduces churn and concentrates returns on higher probability setups. The EA performs best on EUR/USD under moderate to strong trending conditions and during low-impact news periods. It is not designed for scalping or high-frequency microtrends. Blackrock First EA's automatic-only mode enforces hands-off operation, which preserves the intended statistical edge without manual interference or over-optimization. Risk management is conservative within its recommended aggressive capital mode: typical drawdowns observed in live testing ranged between 4-9% on $3,000 accounts, while win rates hovered around the upper 70s percent in backtests and live samples. Expect slow equity curve growth with occasional larger winners. Eya Charfeddine built the system for MT5 users seeking systematic, transparent automation that prioritizes consistency over fast gains. Independent testing shows average monthly returns of 2-4% on $3,000 accounts in recommended mode, with an average of 4-8 trades per month depending on volatility. Live results can differ; testing on a demo or small live account for 3-6 months is essential to validate behavior. Documentation for Blackrock First EA includes parameter descriptions, recommended brokers with low spreads, and notes about remaining fully automatic. For traders seeking a disciplined, low-noise MT5 approach, the EA delivers measurable outcomes when deployed as intended.