Alpha Gen EA (Free Download)
Alpha Gen EA is a risk-focused automated trading system for MetaTrader 4 that specializes in Gold (XAUUSD) trading using strategic pending orders at key market levels. Unlike risky martingale or grid systems, this EA emphasizes capital protection with built-in stop-loss and trailing stops on every trade, while delivering impressive backtested results of $40.5 million profit from a $500 starting balance over 14 years. With a low minimum deposit requirement and smart technical analysis algorithms, it offers controlled automated trading for both beginner and experienced traders.
Alpha Gen EA is a sophisticated automated trading system designed specifically for MetaTrader 4 that takes a unique approach to forex trading by avoiding risky strategies like martingale and grid systems. This Expert Advisor focuses on intelligent risk management and strategic order placement, making it an excellent choice for those who prioritize capital protection while seeking consistent profits.
Developed by Antonis Michos, an experienced MQL5 programmer with over 6 years in the field, Alpha Gen EA has become one of his best products. The EA is specifically optimized for Gold (XAUUSD) trading and has demonstrated impressive backtesting results over a 14-year period.
How It Works
Alpha Gen EA operates by strategically placing pending orders at significant market levels, including support and resistance zones as well as pivot points. However, unlike many other EAs, it doesn’t place these orders randomly or immediately. The system waits for confirmation of market movement before triggering trades, which helps reduce false signals and unnecessary risks.
Once a trade is triggered, Alpha Gen EA automatically applies stop-loss orders to limit potential losses and trailing stops to protect profits as the trade moves in a favorable direction. This dual protection system ensures that each trade has built-in risk management from the moment it’s executed.
The EA includes a customizable parameter called “Up to X orders per strategy” that allows you to control how many pending orders the system places. Increasing this value can potentially lead to higher profits, but it also comes with increased risk, giving you flexibility to adjust the system according to your risk tolerance.
Key Features
- Primary Currency Pair: XAUUSD (Gold), but also works on: US30, BTC, and others
- Recommended Timeframe: Best on H1 (1-hour charts), but works on other timeframes as well
- Risk Management Features: Integrated stop-loss on every trade
- Customizable risk parameters
- Performance Metrics: Total profit achieved: $40.5 million with maximum drawdown 23.78%
- Advanced Features: Market confirmation before trade execution
The download package of the product includes:
- Experts: Alpha Gen V1.9 EA.ex4
- Indicators: ZigZag.ex4
- Installation Guide from forex-hacked.com
Conclusion
Alpha Gen EA represents a mature and well-thought-out approach to automated trading that prioritizes risk management without sacrificing profit potential. Its 14-year backtesting history demonstrates the system’s ability to generate substantial returns while maintaining reasonable drawdown levels.
Contact me: trent@trentbaxter.com
40 mil backtest looks promising. I want to try
Does it work for cryptos besides btc?