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The iMBalance

5

MegaTrade Systems presents tHE iMBalance, a next generation expert advisor utilizing a very unique trading algorithm which differs in the way SMC/ICT trading strategies implement their logic. The algorithm identifies the most viable imbalances/gaps during the defined trading hours to trade by combining sophisticated market scanning techniques to predict future price movement. Some techniques include price action pattern recognition, strength and momentum of price, multi trend directional bias, the status of liquidity and breakaway gaps which need to align with the bulk of imbalances that occur during a trading session. 

tHE iMBalance handles losing positions very well with its build in and configurable risk management settings by reducing risk or closing trades early when for example a sudden shift in market sentiment has been detected to minimize losses over time. tHE iMBalance does not implement risky recovery strategies like martingale/grid and can be configured to conform to any prop firm rules and regulations.

Recommendations:

  • Instrument: NASDAQ (Any trading instrument with high trading volume/volatility)
  • Time frame: M5 (Can be configured to trade any time frame)
  • Minimum deposit: $500 (Depending on set file configuration and instrument, more capital is required)
  • Account type: Any account type but a swing account type is advised as smaller accounts need to be able to trade micro lots on Indices/stocks!
  • Brokers: Any broker/prop firm

Features:

  • tHE iMBalance is configurable and can be tweaked to trade very frequently and aggressively, or to follow a strict rule set.
  • Trade setup is highly configurable which allows the user to setup the EA to for example risk a % of the account balance/equity per trade, a fixed lot size or various other dynamic algorithms to determine take profit and stop loss levels.
  • Extensive Trade management includes fixed as well as dynamic management which uses a multiplier of the ATR for partial profits, trailing stops, breakeven etc. The EA has configurable options to automatically liquidate open positions which does not align with the prevailing trend anymore, or if there was a shift in the status of liquidity.
  • As a standard to all our EA's, we include a Trading scheduler to keep your trades running/opening or closing only during or after a certain trading session of the day. 
  • News protection is also a standard feature in all of our EA's and the user has the ability to back test past news events to simulate as close as possible the impact fundamental events had in the marketplace.
  • Risk management features the closing of positions when a sudden change in market sentiment occurs, or if you simply want to reduce risk of the open positions before for example a strong trend direction change, a news release or just before NYSE open.
  • Another standard feature is our unique Equity/Money management system to protect your account from going into unwanted drawdown. The system features options to automatically stop the EA when a daily profit target was achieved, and when a global profit target has been reached for example 10% of phase 1 on a funded challenge, and in this case the EA will immediately stop trading and disable itself. The equity protection system also includes the management of the overall portfolio, securing profits when the set criteria has been met or the portfolio is potentially over risked.

Disclaimer: Although we are committed to ensure that all our algorithms stay up to date and optimized for current market conditions, please note that past performance does not guarantee future success. Always test an EA using a demo account before applying to a live account. 

Note: Please refer to the comments section to make use of our default 'basic' set files which trades every iMBalance that aligns to the configured trade filter criteria.

Reviews 1
DocWeir92
98
DocWeir92 2024.11.10 14:49 
 

Very good EA with an active developer reacting to user´s comments and suggestions. Running this since Mid September with the NASDAQ set that comes with the EA from the dev, I am up +2.4 % in September (half month), +4.31% in October and +3.02% in November so far. Keep it up!

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Special offer 3 day price 280  ̶A̶f̶t̶e̶r̶ ̶8̶ ̶c̶o̶p̶i̶e̶s̶ ̶s̶o̶l̶d̶,̶ ̶t̶h̶e̶ ̶p̶r̶i̶c̶e̶ ̶w̶i̶l̶l̶ ̶b̶e̶ ̶i̶n̶c̶r̶e̶a̶s̶e̶d̶ ̶(̶1̶ ̶l̶e̶f̶t̶)̶.̶ ̶ ̶ ̶ ̶ ̶R̶e̶g̶u̶l̶a̶r̶ ̶P̶r̶i̶c̶e̶:̶ ̶$̶5̶4̶0̶ ̶ ̶ ̶ ̶ ̶D̶i̶s̶c̶o̶u̶n̶t̶e̶d̶ ̶P̶r̶i̶c̶e̶ ̶(̶l̶i̶m̶i̶t̶e̶d̶ ̶t̶i̶m̶e̶ ̶o̶f̶f̶e̶r̶)̶:̶ ̶ $̶3̶8̶0̶ If you have any questions, feel free to send me a private message: https ://www.mql5 .com /en /users /abudabi (send a message) Overview      Trend-following Expert Advisor     It uses artificial i
Wall Street Killer
Pablo Dominguez Sanchez
5 (2)
After 6 Years of Successful Manual Trading, My Strategies Are Now Available as Expert Advisors! Introducing the WallStreetKiller EA – a trading system built from years of hands-on experience, extensive testing, and a steadfast commitment to secure, strategic trading. After 6 years of refining high-probability strategies in live markets, I’m now coding and sharing these robust strategies with the trading community. With WallStreetKiller, you’re equipped with a powerful, safe, and results-oriented
Gold One
Habib Gholamali Heidari
5 (4)
Gold One  MT5 Hello to all gold trading enthusiasts in Forex, Welcome to our robot, where you join the ranks of the top gold traders. With over two decades of precise experience in the Forex market, we proudly introduce the latest generation of trading robots. Features:  Ideal for prop firm challenges. Suitable for all account  sizes, including low capitals. NO   Grid and   NO   martingale 100% Fully automated This robot employs the most recent, cutting-edge, and advanced gold-specific indica
Gold Trade Pro MT5
Profalgo Limited
4.27 (33)
LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading stra
Forever Star
Xian Qin Ceng
4.75 (4)
Forever star EA is a night scalp different from New Way Scalper, which is a supplement to New Way Scalper and can work together to achieve better results.   Star EA is used in 15M or H1, and can trade 15 currency pairs or even more. Everyone can freely build the best combination in their mind. Forever star EA is easy to use and can trade multiple currency pairs using only one chart. All parameters are already built-in, and you only need to change the currency pair and Lot. EA uses strict stop-l
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DocWeir92
98
DocWeir92 2024.11.10 14:49 
 

Very good EA with an active developer reacting to user´s comments and suggestions. Running this since Mid September with the NASDAQ set that comes with the EA from the dev, I am up +2.4 % in September (half month), +4.31% in October and +3.02% in November so far. Keep it up!

Paul Petrus Lombard
355
Reply from developer Paul Petrus Lombard 2024.11.11 09:16
Thank you very much for the review! We can confirm that we have achieved similar results on our end and we are keeping record of all trading activity via MyFXBook. It is worth to note though that these results are set files which was optimized to stay below a maximum draw down of 5% at all times and one could configure the EA to behave a lot more aggressive for more profits. Regards, Paul.
Reply to review
Version 1.10 2024.09.20
Version 1.10:
- Some minor cosmetic changes
- Added August 2024 news event history for back testing past high impact news releases via the strategy tester (Current news history for all currency pairs from January 2022 until August 2024)
- Tweaked the liquidity detection algorithm
- Added two new features via 'Trade Management' to close positions early if they do not align with the core confluences of the EA anymore: 1) Enforce multi trend alignment 2) Enforce liquidity alignment
- New trend detection 'sensitivity' setting via 'Indicator Settings': 1) Sensitive 2) Lagging (Sensitive should work better on highly volatile instruments like the Indicies and Gold, while Lagging should work better on currencies)
- The system now automatically reads the market closing time on a friday for the applicable instrument and does not have to be defined by the user anymore