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CAP Gold Albatross EA MT5

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Published: 5 April 2019

Current version: 4.7

CAP Gold Albatross EA MT5

Name: CAP Gold Albatross EA MT5
Rating: 2.1 (10 reviews)
Author: MEETALGO LLC

2.1

Experts
MEETALGO LLC
Version: 4.7
Updated: 1 April 2023

The MeetAlgo Gold Albatross EA MT5 is a pure mathematical scalper that trades tick data aggressively. It implements a simple and universal trading strategy which can be applied to any instrument.

Key Advantages

Fully automated trading 24/5.
No need in a large initial deposit.
Always uses Stop Loss to protect capital.
Position trailing stop is used.
Both a fixed lot and a free margin percentage are used.
Ability to set time limitations for the EA operation.

Trading Requirements

Caution is advised. In order to be profitable with this EA, you need the following:

A good broker with low slippage.
Low spreads (recommended: EURUSD spreads below 5 points).
Default Setting are optimize for EURUSD 1 Minute Timeframe
Low stops level (recommended: stop level 0 points).
Latency of VPS / hosting must be below 4ms (recommended: use MQL5 hosting).
Small spread significantly increases the EA's efficiency.
Use only five-digit accounts.

Recommendations

For correct robot operation, it is important to have a good communication channel for connection with the broker server. Therefore, it is recommended to use the VPS chosen based on the closest location to the broker to achieve the lowest possible ping, which provides better conditions for the robot to place orders.

Testing

It is important backtest CAP Gold Albatross EA with the simulation coefficient of not less than 99%. Some brokers have a significant delay in triggering of stops and orders, which is critical to any trading.

Input Parameters

Lots Management

LotsType - Select any of lots management type.
EquityPercent - Lot is chosen automatically based on percentage of the equity.
FixedLots - Fixed Lots.
UseMarginPercent - Lot is chosen automatically based on percentage of the full margin value. For example, if you set 100% then EA open lots size based on 100% of free margin.
XBalance - Lot will increase based on XBalance amount. Calculated as (Your Current Balance/XBalance * LotsizePerXBalance = Your current lots size).
LotsizePerXBalance - Lot size of XBalance.

EA Configurations

UseIndicator- Choose indicator type to filter signal.
Filter Trade- Choose additional trade filter.
TakeProfit - Take Profit (in points).
StopLoss - Initial Stop Loss (in points).
TradeSignal- The trade signal represents the directional volatility needed to trade. Increase value for better performance and less trade.
Limit- Distance to reverse in points.
SmartStopLevel - if True, StopLoss will move every tick with profit.
MaxDurationToCloseOrder - Value in Minute for expire active orders.
IndicatorPeriod - Indicator Period (MA or Band).
ReverseSignal - if True, All signal will be reverse.
TradeOnlyNewCandle- if True, One trade will be open only one candle.

Break Even Setting

Active Break Even - True/False.

Trailing Stop Setting

Active Trailing - True/False.

Time Configurations

Configure your trading time.

Basic Configurations

MaximumSpread - Maximum spreads limit.
MaximumStopLevel - Maximum stop level.
CloseOrderOnSpread - Delete pending order if Spreads reach Max Spreads.
ECNBroker- If true, EA place order first then set StopLoss (Broker which not allow place order with StopLoss).
Slippage - Maximum slippage value.
Magic - Magic Number.

Official Channel

To get product news, setting files, and free indicators, please subscribe to our Official Channel.

Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of MeetAlgo LLC.‌

more...

465

Chalermpol Sooksilp 2023.03.18 15:33 #

Good

palekar_shailesh 2022.04.22 11:35 #

Hi, I am using the CAP software from 1 year. I want to know how to set spread below 5spread in expert properties in real account. Your reply is highly appreciated. Thanks

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CAP Zone Recovery EA MT4 is your tool to turn losing trades into winning trades by using a smart "back-and-forth" hedging mechanism. Let the price move to anywhere it likes - the awesome CAP Zone Recovery EA will make profits out of the situation. The secret behind this amazing EA is a famous trading algorithm known as "Zone recovery algorithm" or "The Surefire Forex Hedging Strategy". CAP Zone Recovery EA MT4 is extremely easy to use. You just open a trade in a trending market - no matter w

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The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow develop strategies every time. You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA in this market place. You can use as trade ma

80 USD

CAP Channel Trading EA MT4 is Expert Advisor that base on our famous indicator CAP Channel Indicator . EA is a non-optimized expert advisor you have to find best setting by yourself. Who using our CAP Channel Indicator and looking for EA that base on Channel indicator this EA is best for them. We give lots of options so you can customize your trading strategy. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Channel Trading is a volatility-based indicator th

40 USD

MeetAlgo Universal Grid EA MT4 is a highly efficient and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Easy to set up and supervise No indicators or hard analysis needed Grid trading is time-frame independent Requires little forecasting of the market Extracts money out of the market regularly Key Features Easy to

30 USD

CAP Zone Recovery Strategy Builder EA MT4 is a another version of our Main Product CAP Zone Recovery EA. This EA is a strategy builder type EA has more then 34+ build in indicator that you can make more then 1 million combination strategy that boost you trading strategy. Also this Builder offers an incredible amount of functionality with zone recovery strategy. So you can test your strategy easy way without knowledge of coding. [ Installation Guide | Update Guide | Submit Your Problem

69 USD

30 USD

CAP Breakout EA MT4 Pro is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode [ Installation Guide | U

49 USD

CAP Breakout EA MT5 Pro is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode [ Installation Guide | U

49 USD

CAP Stochastic EA Pro MT5 trades using the Stochastic Indicator. It offers many customizable Stochastic trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Before buy Pro version? You can buy alternation pro version, our powerfull EA, CAP Strategy Builder EA . This is strategy builder EA. It produc

49 USD

CAP Universal Grid EA MT5 is a highly efficient and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Easy to set up and supervise No indicators or hard analysis needed Grid trading is time-frame independent Requires little forecasting of the market Extracts money out of the market regularly Key Features Easy to set

30 USD

The CAP Channel Trading is a volatility-based indicator that makes use of the “advanced envelope theory”. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity. Benefits of the Channel Trading Indicator CAP Channel Trading works with any asset It can be applied to any financial assets: forex, cryptoc

FREE

CAP Breakout EA MT5 is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode [ Installation Guide | Updat

FREE

MeetAlgo RSI Trade EA Pro MT4 trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Before buy Pro version? You can buy alternation pro version, our powerfull EA, CAP Strategy Builder EA . This is strategy builder EA. It product h

49 USD

CAP Breakout EA MT4 is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode [ Installation Guide | Updat

FREE

MeetAlgo RSI Trade EA MT5 trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Functions Easy to use and customizable RSI setting. Customizable indicator settings Built-in money management Grid trading when trade in Loss Customizable break-

FREE

CAP Prime Scalper EA is a Forex scalping EA that uses a smart system to detect key breakout signals then cuts the profit of the move as much as possible while minimizing the loss. The robot automatically analyzes the market volumes and volatility and follows strong supply and demand movements. It smoothly sets breakeven levels and features the built-in smart mechanism for partial closure of profitable trades. It also has option to stop trading before important news releases to avoid slippage and

99 USD

CAP RSI Trade EA MT4 trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Functions Easy to use and customizable RSI setting. Customizable indicator settings Built-in money management Grid trading when trade in Loss Customizable break-even,

FREE

CAP Ichimoku EA MT4 Pro trades using the Ichimoku Kinko Hyo Indicator. It offers many customizable Ichimoku trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Before buy Pro version? You can buy alternation pro version, our powerfull EA, CAP Strategy Builder EA . This is strategy builder EA. It p

49 USD

Need to open a pending order at news time, or need to open a pending/instant order at a specific time? CAP News Trading EA is the right tool for you. The News Trading EA opens pending orders at a specific time or specific date for you avoiding human errors and enhancing your trading activity. It is useful for news traders who open pending orders before the news come out. News trading is one of the most difficult disciplines – but it can also be one of the most profitable ones if you know t

30 USD

CAP Ichimoku EA MT5 trades using the Ichimoku Kinko Hyo Indicator. It offers many customizable Ichimoku trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Functions Easy to use and customizable Ichimoku setting. Customizable indicator settings Built-in money management Grid trading when trade in Los

FREE

CAP Moving Average EA trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Moving Average setting. Customizable indicator settings Built-in money management Grid trad

FREE

CAP Stochastic EA MT5 trades using the Stochastic Indicator. It offers many customizable Stochastic trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Functions Easy to use and customizable Stochastic setting. Customizable indicator settings Built-in money management Grid trading when trade in Loss C

FREE

40 USD

CAP Moving Average EA MT5 trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Moving Average setting. Customizable indicator settings Built-in money management Grid

FREE

Trade easily from the chart with CAP Trade Pad EA . It handles risk management for you and can perform several useful tasks with your existing trades. Trade easily from the chart Trade with precise risk management hassle free Set your desired stop loss and take profit levels Close all existing trades with a single click Delete all pending orders with a single click Reap partial profits with a single click It has no input parameters How to Use Please Read this blog - Details Information in o

FREE

The CAP Equity Guard MT4 is an expert advisor that constantly monitors the equity of your trading account and prevents costly drawdowns. The CAP Equity Guard EA is a useful tool for money managers! When an emergency procedure takes place, you are notified by visual, email and push alerts. The EA performs the following tasks: It monitors your entire trading account. Easy to use! Just drag it to a random empty chart. It will work perfectly, if MetaTrader restarts. It can be workable with your

FREE

CAP Moving Average Pro EA trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Before buy Pro version? You can buy alternation pro version, our powerfull EA, CAP Strategy Builder EA . This is strategy b

49 USD

CAP Zone Recovery Strategy Builder EA MT5 is a another version of our Main Product CAP Zone Recovery EA. This EA is a strategy builder type EA has more then 34+ build in indicator that you can make more then 1 million combination strategy that boost you trading strategy. Also this Builder offers an incredible amount of functionality with zone recovery strategy. So you can test your strategy easy way without knowledge of coding. [ Installation Guide | Update Guide | Submit Your Problem

69 USD

Filter:

Fernando brito 2023.10.11 13:42 #

COMO POSSO COMPRAR UMA VERSAO QUE FUNCIONE ? ROBO NO BACKTEST PERFEITO ,MAS NA REAL NA DA ENTRADA.

465

Chalermpol Sooksilp 2023.03.18 15:33 #

Good

5310

Alberto Gauer Borrego 2022.05.20 12:33 #

Junk. Works only on strategy tester. Put it on a real account it is gonna blow it up. It blew up even the demo account I was forward testing it.

palekar_shailesh 2022.04.22 11:35 #

Hi, I am using the CAP software from 1 year. I want to know how to set spread below 5spread in expert properties in real account. Your reply is highly appreciated. Thanks

ndrndri 2021.08.03 10:20 #

Hi. Is this expert still working? Everyone says in the comments that it only works on the demo account.

1428

Marcel Bühler 2021.03.04 22:13 #

Flew into minus to fast.

Ronisson Santiago Ribeiro 2020.10.15 23:56 #

Custo benefício maravilhoso

arkiadell 2020.10.02 11:43 #

very bad. don't ever use in real account or even demo . all trades lose file:///C:/Users/chateau/OneDrive/Desktop/ea%20setting/Annotation%202020-10-02%20134345.jpg

372

QiSong Wang 2019.12.23 06:45 #

User didn't leave any comment to the rating

bahir 2019.11.03 18:21 #

Fantastic results when testing the EA on OHLC and a loss of deposit when testing on real ticks.

385

ccou 2019.05.16 08:52 #

This EA will kill your account.

if (IsTesting())

give good fake results

else

screw the account

1690

Wan Ping Fei 2019.04.17 06:50 #

User didn't leave any comment to the rating

421

Marco 2019.04.17 02:14 #

Impressive results on backtesting, unfortunately after 2 weeks forward testing the result were completely different, almost inactive or negative activity, please let me know about significative updates and I'll give it a try again, it seems promising, I can't complain about free gifts :D

Version 4.7 2023.04.01

FIXED BUGS: The news filter not working, we fixed this issue. Please Add a new link to Terminal Options. The new link will be shown by EA

Version 4.6 2022.09.02

ADDED: NEW FEATURE – Add Sunday and Saturday into Trading Time configurations

Version 4.5 2022.03.08

UPDATED: Change our branding name 'CAP' to 'MeetAlgo'
FIXED BUGS: News filters

Version 4.1 2021.09.24

FIXED BUGS: ReverseSignal not working.

Version 4.0 2021.07.24

Remove "EQUITY GUARDIAN" section. Add New section "I N I T I A L T R A D E S T O P F I L T E R"

Version 3.10 2020.07.04

-->Minor Update

Version 3.0 2020.01.21

-->Minor internal coding update

Version 2.10 2019.05.02

--> Fixed bugs lots size problem.

Version 2.0 2019.04.30

--> Fixed some bugs