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CAP Gold Albatross EA MT5

2.58

MeetAlgo Gold Albatross EA MT4 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:

  1. A good broker with low slippage.
  2. Low spreads (recommended: EURUSD spreads below 5 points).
  3. Default Setting are optimize for EURUSD 1 Minute Timeframe
  4. Low stops level (recommended: stop level 0 points).
  5. Latency of VPS / hosting must be below 4ms (recommended: use MQL5 hosting).
  6. Small spread significantly increases the EA's efficiency.
  7. 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.


Input Parameters

  1. 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.

  2. 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.

  3. Break Even Setting

    • Active Break Even - True/False.

  4. Trailing Stop Setting

    • Active Trailing - True/False.

  5. Time Configurations

    • Configure your trading time.

  6. 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.‌


Reviews 16
Theo Robert Gottwald
143
Theo Robert Gottwald 2024.10.05 21:44 
 

The best Gold EA I have seen until now.

willame barros
19
willame barros 2024.06.24 03:27 
 

Boa noite queria saber porque as linhas tp e sl nao estão acompanhando o preço ja que nos backtestes elas se movimentam junto com a ponta do gráfico alguém pode me explicar?

Chalermpol Sooksilp
480
Chalermpol Sooksilp 2023.03.18 15:33 
 

Good

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Filter:
Theo Robert Gottwald
143
Theo Robert Gottwald 2024.10.05 21:44 
 

The best Gold EA I have seen until now.

willame barros
19
willame barros 2024.06.24 03:27 
 

Boa noite queria saber porque as linhas tp e sl nao estão acompanhando o preço ja que nos backtestes elas se movimentam junto com a ponta do gráfico alguém pode me explicar?

sahibrajpalfx
42
sahibrajpalfx 2024.06.12 00:34 
 

User didn't leave any comment to the rating

Fernando brito
20
Fernando brito 2023.10.11 13:42 
 

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

Chalermpol Sooksilp
480
Chalermpol Sooksilp 2023.03.18 15:33 
 

Good

Alberto Gauer Borrego
6402
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
57
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
41
ndrndri 2021.08.03 10:20 
 

User didn't leave any comment to the rating

Marcel Bühler
1446
Marcel Bühler 2021.03.04 22:13 
 

Flew into minus to fast.

Ronisson Santiago Ribeiro
64
Ronisson Santiago Ribeiro 2020.10.15 23:56 
 

Custo benefício maravilhoso

arkiadell
32
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

QiSong Wang
392
QiSong Wang 2019.12.23 06:45 
 

User didn't leave any comment to the rating

bahir
37
bahir 2019.11.03 18:21 
 

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

ccou
385
ccou 2019.05.16 08:52 
 

This EA will kill your account.

if (IsTesting())

give good fake results

else

screw the account

Wan Ping Fei
1690
Wan Ping Fei 2019.04.17 06:50 
 

User didn't leave any comment to the rating

Marco
431
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

Reply to review
Version 4.8 2024.05.25
FIXED BUGS: From the previous week the news filter stopped working. In this version add a new input 'News URL' where there are different URLs of the news filter. You can select a news URL that works with you. There are three news source URLs -

https: // ec.forexprostools.com
https: // sslecal2.investing.com
https: // sslecal2.forexprostools.com

Keep IN MIND - If you select any news URL, you have to add the URL into Allow 'WebRequest for listed URL'
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