Kraken EA is a free, fully automated Expert Advisor for MetaTrader 5, built around Smart Money Concepts (Order Blocks, Fair Value Gaps and Break of Structure). It protects every position with a fixed Stop Loss and Take Profit.
Recommended setup:
- Platform: MetaTrader 5 (MT5)
- Strategy: Smart Money Concepts (SMC)
- Best pair: XAUUSD and major FX pairs
- Timeframe: M15 to H1
- Account type: ECN / Raw spread
- Price: FREE download
Kraken trades pure Smart Money Concepts: it maps Order Blocks, Fair Value Gaps and Break of Structure, then enters with adaptive ATR-based risk, following institutional footprints.
Download Kraken EA for free below. The package includes the ready-to-run .ex5 plus the full MQL5 source code so you can study or customize it.
Updated in June 2026
Kraken EA
Free Download - .zip file
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