Alpha Gen MT4 V1.9 : Optimized for Precise and Secure Trading on Gold (XAUUSD)
EA Highlights:
Alpha Gen EA avoids high-risk strategies such as martingale or grid. Each position is managed with a stop loss and trailing stop, placing pending orders only at confirmed support, resistance, or pivot levels. The “Up to X orders per STRG” setting lets you adjust order frequency to maximize profitability while keeping control of trade volumes.
Important Setup Instructions for Optimal Performance
Ensure correct setup by adjusting the input named “Set this input to 1000 when testing or live” from 1 to 1000 before testing or using Alpha Gen EA. This setup is essential for proper EA functionality. Additionally, use recommended spreads when testing, especially during weekends or times of high broker spreads. You can manually import these spreads into your strategy tester for accuracy.
Recommendations for Optimal Trading Performance
- Symbol: GOLD (XAUUSD)
- Timeframe: 1H
- Spread: Must be below 15 for efficient execution
- Broker: Select a broker with low spreads (e.g., Fusion Markets, IC Markets)
- Minimum Balance: $500
To avoid trade overlap, set unique magic numbers if Alpha Gen EA is used across multiple charts on MT4.
Key Inputs for Strategy Customization
- Start Trail: Initiates trailing stop when the specified profit level is reached.
- Trail: Determines the profit to be trailed for optimized gain capture.
- FixRatio_Delta: Adjusts the lot size by 0.01 per $1000 profit.
- Starting Lot: Defines the initial lot size.
- Stop Loss: Sets a predefined stop loss per position.
- Up to X orders per STRG: Controls the max orders per strategy, deleting excess to prevent over-trading.
- Take Profit (TP): Target profit level for each trade.
- Delete All Orders if Spread is Higher Than X: Removes all orders if spreads exceed specified values to minimize risk.
