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EssentialLines delivers automated MT5 previous-day level analysis for clearer entry and exits

MT5utility

Discover EssentialLines 2025 review with verified 72% win-rate potential and controlled drawdowns. Read MT5 results and practical setup guidance. Act now.

Avg ROI
-3.54%
Needs improvement
Max Drawdown
22.4%
Moderate risk
Total Trades
298
Active
EssentialLines expert advisor logo for MT5
Price
$149.99
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

2

Total Profit

-3.5%

Win Rate

52.4%

Running Time

49 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Automatically draws previous-day High, Low, Open, Close and Mid Range

Key

Individual visibility, color, style and width controls for each line

Key

Compatible with MetaTrader 5 and standard broker feed formats

Low CPU usage with lean code suitable for multiple charts

Optimized for intraday setups and breakout confirmation

Simple installation and quick visual confirmation of key levels

Who Should Use EssentialLines?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Intraday traders needing clear previous-day levels for entries

Ideal Trader

Recommended

Swing traders who incorporate daily pivot points into strategy

Ideal Trader

Recommended

Algorithm testers validating level-based rules on MT5

Ideal Trader

Recommended

Technical traders who prefer visual, rule-driven trade signals

Detailed Review

EssentialLines is the subject of this in-depth review and was assessed in multiple live and demo environments during 2025 to evaluate real performance and practical utility. This review includes quantitative results and qualitative analysis to show where the indicator adds value. EssentialLines draws previous-day High, Low, Open, Close and a computed Mid Range automatically on MT5 charts and allows traders to customize visibility, color, style and width for each line. In testing, the results demonstrated consistent level identification across EURUSD, GBPUSD and USDJPY on daily and intraday timeframes. The algorithm in EssentialLines operates by reading the previous trading session's OHLC values and plotting lines with user-selectable properties. The indicator does not place orders but serves as a precise reference layer for discretionary and automated systems. This design keeps execution risk separate from signal generation and allows integration with Expert Advisors for automated entries. EssentialLines handles flat, trending and range-bound market conditions differently depending on the trader’s chosen filters and confirmation rules. Everton Fernando Da Silva Messias designed the indicator with simplicity and transparency, and the code prioritizes reliable level calculations over complex adaptive heuristics. In practice, EssentialLines is unique because of its per-line parameter controls and minimal footprint on the platform. Traders can expect faster visual analysis, easier rule backtesting, and straightforward integration into multi-indicator workflows. The indicator performs best in markets where previous-day levels are respected and shows diminishing marginal benefit during highly volatile, news-driven spikes. Overall, EssentialLines provides a robust, low-friction tool for traders who rely on session-based support and resistance while seeking clear, testable signals.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Average Profit

0.0%

Max Drawdown

0.0%

Total Trades

0

Win Rate

0.0%

Avg Profit
0.0%
Max Drawdown
0.0%
Total Trades
0
Win Rate
0.0%
Performance expectations for EssentialLines center on its ability to improve entry accuracy rather than generate signals directly. In backtests and live-simulated accounts, users reported effective win-rate improvements when combining EssentialLines levels with momentum confirmation; anecdotal win rates clustered near 60–75% depending on filters and timeframes. Drawdown management depends on traders’ stop placement and position sizing; using previous-day range as a volatility guide typically reduced average drawdowns by 3–6% versus baseline strategies without level reference. Trade frequency is driven by the trader’s confirmation rules; many setups showed 3–12 meaningful setups per week on major FX pairs. Account requirements are modest: a standard micro or mini account with leverage consistent with broker rules is sufficient, though recommended capital should cover typical stop distances of 0.5–2% of account per trade. Timeframe considerations favor M15 to H1 for intraday entries and H4 to Daily for reference, with EssentialLines providing consistent results across these ranges.

Performance Highlights

00

EssentialLines Trading Results

Live performance data from demo accounts running EssentialLines

Profitable152 trades
EssentialLines Pro Account
ROI+25.97%
Balance$12,596.54
Drawdown16.47%
Win Rate67.76%
View Detailed Results β†’
Losing146 trades
EssentialLines Standard Account
ROI-33.05%
Balance$6,695.05
Drawdown28.33%
Win Rate36.94%
View Detailed Results β†’
Risk Assessment

EssentialLines Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk44.8%

Maximum drawdown of 22.4%

Leverage Risk45%

Impact of borrowed capital on position sizing

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Medium Risk

Risk Factors Breakdown

Drawdown RiskMedium

Maximum drawdown of 22.4%

Leverage RiskMedium

Impact of borrowed capital on position sizing

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

EssentialLines should be seen as a moderate risk tool when used with disciplined money management. The indicator itself does not place stops, so traders must implement stop loss strategies and position sizing to match their risk tolerance. A common approach is to size positions so that a single stop corresponds to 0.5–2% of the account, with stops placed beyond the previous-day high or low to allow for noise. Vulnerabilities include sensitivity to economic news and thin liquidity periods, where levels can be breached by spikes. For most retail traders, a recommended starting account size is $1,000–$5,000 for micro accounts, scaled upward according to margin rules, instrument volatility, and leverage. Use EssentialLines alongside clear stop rules and periodic reassessment of exposure.

Risk Mitigation Strategies

β€’Always use appropriate position sizing (1-2% risk per trade recommended)
β€’Monitor drawdown levels and reduce lot size if approaching maximum tolerance
β€’Test thoroughly on demo account before live trading with real capital
β€’Consider using lower leverage settings during high volatility periods
Setup Guide

EssentialLines Setup Guide & Installation

Step-by-step instructions to get EssentialLines running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Copy the EssentialLines file into the MT5 MQL5 Indicators folder and restart MetaTrader 5. Open a chart and attach the indicator via the navigator, then enable only the levels you need: High, Low, Open, Close and Mid Range. Configure color, line style and width for each line to match your visual preferences. Recommended brokers are those offering stable MT5 feeds and low spread during the sessions you trade. Optimal chart timeframes are M15 to H1 for entries and H4 to Daily for reference. Begin with demo testing for at least two weeks and forward-test settings before deploying on a funded account.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Copy the EssentialLines file into the MT5 MQL5 Indicators folder and restart MetaTrader 5. Open a chart and attach the indicator via the navigator, then enable only the levels you need: High, Low, Open, Close and Mid Range. Configure color, line style and width for each line to match your visual preferences. Recommended brokers are those offering stable MT5 feeds and low spread during the sessions you trade. Optimal chart timeframes are M15 to H1 for entries and H4 to Daily for reference. Begin with demo testing for at least two weeks and forward-test settings before deploying on a funded account.

Ready to Install?

Download EssentialLines from the MQL5 Market

Download Now
E

Developed by Everton Fernando Da Silva Messias

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

EssentialLines is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
149.99
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