Important Setup Instructions Before Testing or Using the EA
To ensure the EA functions correctly, you must set the input named "Set this input to 1000 when testing or live" from 1 to 1000. Failure to do so will result in the EA not working properly.
Additionally, when testing the EA, please use the recommended spreads listed below, especially if the current spreads are large due to weekends or broker conditions. You can manually import the recommended spreads into the strategy tester.
Live signal
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About the EA: The EA does
not use martingale or grid strategies.
Each position is equipped with a
stop loss and
trailing stop for risk management.
The EA places
pending orders at key points like support, resistance, and pivot levels, but only after confirming specific market movements.
You can adjust the frequency of pending order placements using the
"Every X hour" input, which searches for new pending orders every hour.
Recommendations:
Symbol:GOLD (XAUUSD)
IMPORTANT: First versions of the EA was used also for US30-BTC. Sets on comments are not working anymore.I will post in next days new ones for those who are interested.
Recommended timeframe: 4H
Spread Lower than 15
Signal Uses Default set
Set with tight stop loss in comment#5
Use a broker with
tight, low spreads (such as Fusion Markets, IC Markets, or similar).
Ensure the spread is lower than the above levels for optimal performance:
Minimum balance:
$500 Use a
different magic number if running the EA on multiple charts within the same MT4 platform.
Inputs Overview: Start Trail: When this profit level is reached, the EA will begin trailing the stop.
Trail: Defines how much profit will be trailed.
FixRatio_Delta: Increases the lot size by 0.01 for each $1000 profit.
Starting Lot: The initial lot size.
Stop Loss: The stop loss for each position.
Every X Hour: The EA will search for new pending orders every X hour.
Take Profit (TP): The take profit level for each position.
Delete All Orders From: The EA will delete all pending orders starting from this hour.
Delete All Orders To: The EA will continue deleting orders up to this hour.
Max Pending: The maximum number of pending positions allowed.
Delete All Orders if Spread is Higher Than X: The EA will remove all orders if the spread exceeds this value.
I bought Alpha Gen pretty much straight away trusting the authors work. The start was slow but over the last 2 days 1k account grew by 7.4% which is very good. With patience and long term view in mind I know that this EA will be very profitable. Ant will always improve performance if possible. Ant is always willing to help.