Alpha Gen EA v1.9 MT4 with Presets (Platform build 1479+)

Alpha Gen EA Overview

Alpha Gen EA is an automated trading Expert advisor (EA) designed for the MetaTrader 4 (MT4) platform. The advisor uses a unique approach to identify potential trading opportunities at key support, resistance and pivot levels. The EA uses stop-loss and trailing stops for each position, avoiding risky strategies such as martingale or grids and ensuring safety and increased profits in the forex market.

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About the Author

This product is compiled by Antonis Michos. This author has more than +6 years of experience working on MQL5 with many famous products such as Alpha Gen EA, Trend and Counter trend Project, Virtual Trendline Scalper and others. Among them, Alpha Gen EA is his best performing product in 6 years.

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Alpha Gen EA Features

Professional trading features of the advisor, including:

1. Safe & Controlled Trading:

• Stop Loss & Trailing Stop: Each trade comes with built-in risk management using Stop loss (SL) and trailing stop features.
• No Risky Strategies: This EA avoids Martingale and Grid strategies, promoting safer trading.

2. Smart Order Placement:

• Strategic Pending Orders: Places pending orders at key support, resistance, and pivot levels based on market confirmation.
• Customizable Order Frequency: Adjust the number of pending orders per strategy using the "Up to X orders per STRG" input. (Higher numbers can potentially lead to higher profits)

3. Optimized Performance:

• Recommended Settings: Utilize the provided recommended spreads for optimal performance, especially during weekends or with high broker spreads.
• Tight Spreads Preferred: Works best with brokers offering tight, low spreads. (e.g., Fusion Markets, IC Markets)

4. Additional Features:

• Upgradable: This EA benefits from continuous updates and improvements.
• Stop Loss Flexibility: Tailor the stop loss level to your risk tolerance.
• Multi-Chart Compatibility: Use different magic numbers when running the EA on multiple charts simultaneously.
• Minimum Account Balance: Requires a minimum balance of $500.

Alpha Gen EA MT4 Reviews

Alpha Gen EA Gold Backtest Trading Results for 4 Months of Continuous Trading, Impressive Performance and Stable Safety.

• Tested with $500 Capital, Total Profit $13,180.51 and Maximum Drawdown: 26.25%.
• Tested with $1,000 Capital, Total Profit $14,579.66 and Maximum Drawdown: 24.90%.
• Tested with $2,000 Capital, Total Profit $32,696.94 and Maximum Drawdown: 25.20%.
• Tested with $5,000 Capital, Total Profit $107,435.73 and Maximum Drawdown: 25.97%.

Latest product download package includes

The download package includes the official version of the advisor:

• Experts: Alpha Gen EA v1.9.ex4
• Presets:
  • BTC.set
  • Signal_set.set
  • Second_set.set
  • NEW_Second_set.set
  • US30_AG_1.set
  • US30_AG_2.set
  • US30_Tight_SL__1.set
  • US30_No_tight_SL__1.set

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Conclusion

In short, Alpha Gen EA is a professional advisor that uses a conservative approach, avoiding potentially risky strategies like martingale or grid. Each trade comes with a stop loss and a trailing stop order to manage risk. It places pending orders at strategic positions but only after specific market confirmation. The expert advisor has also passed tests for 14 years from 2010 - 2024 and achieved impressive trading performance.

>>> Reviewed by Jason Stap