The toolkit.
Every tool, service, and resource I genuinely use for algorithmic trading on MetaTrader 5. Some links are affiliated; when they are, I say so clearly. I only recommend tools I actually use — not abstract "best of" lists.
Where I execute.
The broker I use for my own live trading and EA development.
IC Markets
Raw spread ECN broker with deep liquidity, tight XAUUSD spreads, and reliable execution under news conditions. Regulated in multiple jurisdictions. I've run my portfolio through it continuously and it consistently scores A+ across my internal broker quality audits (run with Broker XRay).
Run your EAs 24/7.
Expert Advisors need a stable machine that never sleeps. Your home PC is not the answer.
TradingFXVPS
Specialised VPS provider built for MetaTrader and forex EAs. Low-latency servers near major broker data centers (LD4 London, NY4 New York), pre-installed MT4/MT5 templates, and round-the-clock support that actually understands what an Expert Advisor is. I've used TradingFXVPS for my own EA execution and run my YouTube live stream from a VPS exactly like this.
Verify everything.
Independent tracking of real account performance — the way modern algorithmic traders prove results.
FX Monitor
Independent third-party verification of account performance. Connects to your MT4/MT5 via a small read-only EA, sends account state over HTTPS, and publishes verified equity curves, deep statistics (Sharpe, Z-score, MAE/MFE), backtest-vs-live comparison, and embeddable widgets. I use it to publish my live portfolio on this very site — the widget in my Live section is FX Monitor reading my real account.
Analyse like a quant.
Tools I use to dissect backtests, compute portfolio correlations, and design system mixes.
Quant Analyzer
The standard tool I use to analyse backtest reports from MetaTrader Strategy Tester. Imports MT4/MT5 backtest XML, computes risk metrics (Sharpe, Sortino, Calmar, Recovery Factor), builds correlation matrices across strategies, and does portfolio Monte Carlo simulations. The free version covers most of what an independent trader needs. My blog post on building an EA portfolio walks through Quant Analyzer step by step.
Built for my own workflow.
Utilities I built to solve my own problems, made available on the MQL5 Marketplace.
Broker XRay
Execution quality audit for any MT5 broker. Scores your broker A+ to F across six weighted dimensions: spread, execution, slippage, stability, costs, news behavior. Bloomberg-style dashboard. 100% passive monitoring. I built this because I needed a way to objectively measure broker quality — and I use it daily on my own setup.
EA Performance Hub
Multi-magic portfolio analytics for MetaTrader 5. Monitors every Expert Advisor on your account in a single Bloomberg-style dashboard. Automatic magic number detection, multi-symbol grouping, equity curve, and advanced metrics (Sharpe, Expectancy, R-multiple, Max DD). I built it because the MT5 native panel was never enough for serious multi-EA setups — I use it daily on my own portfolio.
Full transparency on affiliate disclosures
I list affiliate relationships openly so you can make informed decisions about which links you click. My recommendations are based on what I actually use — not on commission size.
- IC Markets Introducing Broker — we receive commission on referred client trading volume
- TradingFXVPS Affiliate — we receive commission on referred subscriptions
- FX Monitor Partner — referrals unlock Extended plan for us (no monetary commission)
- Quant Analyzer No affiliation — mentioned because I use it
If you ever find a service or product on this page that doesn't match its description, let us know at hello@jara-trading.com. Recommendations evolve as tools change — I update this page when my setup changes.
Questions about any of these tools?
If you're setting up an algorithmic trading workflow and want to discuss what works, drop us a line.