The Alpha Gen EA presents a specific approach to automated trading, sidestepping common strategies like martingale and grid systems. It emphasizes risk management by consistently using stop-loss and trailing stop on each trade.
A key feature is the use of pending orders positioned at significant levels (support resistance, pivots). However, these orders aren’t placed arbitrarily; the EA requires confirmation of market movement before triggering them. The “Up to X orders per STRG” parameter offers some degree of control over order density – increasing this value may lead to increased profitability, with higher risk.
Crucially, users must pay careful attention to setup. A critical input, “Set this input to 1000 when testing or live,” must be adjusted to a value of 1000. Failing to do so will render the EA ineffective. This requirement suggests a specific dependency on this setting for proper functionality, which is something users should be aware of and troubleshoot if issues arise.
Recommendations
- Minimum account balance of 500$.
- Works best on XAUUSD. (Work on any currency pair)
- It works best on H1. (Work on any TimeFrame)
