Alpha Gen EA V1.9 MT4

Description

What is Alpha Gen EA?

Alpha Gen EA is a sophisticated automated trading software that is meant to simplify forex trading with a particular focus on Gold (XAUUSD). It fills pending orders at significant support, resistance, and pivot points and only makes trades once certain market movements are realized. This self-restraint feature reduces unnecessary risk while taking maximum profit potential.

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About the author

This is a product of Antonis Michos, a professional MQL5 programmer with over 6 years of experience in creating advanced trading tools. He is the author of many well-known products, including Alpha Gen EA and Virtual Trendline Scalper. Of his products, Alpha Gen EA was his best-performing and most consistent trading tool.

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Key features of Alpha Gen EA

1. Automated Trading with Risk Management:

• Automated Order Entry – The EA automatically identifies crucial levels such as support, resistance, and pivots and places orders with precision without human error and delay.
• Integrated Risk Protection – There are pre-embedded Stop Loss and Trailing Stop elements to the trade to contain risk and lock in profit.
• Risk Level Settings that are user-friendly – Traders can set Stop Loss and Trailing Stop levels to match specific trading and risk tolerance styles.

2. Efficient Trading Strategies:

• No Martingale or Grid – The EA does not utilize dangerous methods such as Martingale and Grid, encouraging more secure and disciplined trading.
• Customizable Order Frequency – Users can dictate the maximum quantity of pending orders per strategy run via the “Up to X orders per STRG” parameter, balancing risk exposure and profit potential.

Optimal Platform & Account Setup

• Supported Symbol – Tightly tuned and designed for XAUUSD (Gold) trading.
• Recommended Timeframe – Performed best on the H1 (1-hourly) timeframe chart for precise signal completion.
• Tight Spread Requirement – Performed optimally with spreads below 15 pips to guarantee timely order completion.
• Low Minimum Balance – Provided to traders for a minimum deposit of $500 as the basis.
• Multi-Chart Compatibility – Fully compatible with the use of multiple charts; simply allocate a unique magic number for each use to avoid conflicts.

Alpha Gen EA MT4 Reviews

Alpha Gen EA has demonstrated fantastic profitability and risk control in a rigorous 14-year backtest on Gold (XAUUSD). From a starting capital of just $500, the EA achieved a stunning net profit of $40.5 million, all while maintaining a conservative and optimized risk margin.

Key Performance Indicators:

• Backtesting Horizon: 2010 – 2024
• Initial Capital: $500
• Net Profit: $40.5 Million
• Max Drawdown: 23.78%

Recommended settings

Product download package includes

Experts:

Alpha Gen v1.9 MT4.ex4

Presets:

ZigZag.ex4

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