Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
AlibabaEA is an advanced grid system that has been running on real accounts for many years. Instead of adjusting the system to reflect historical data (like most people do), the system is designed to exploit existing market weaknesses. Therefore, this is not a "pure scalping" system, but this system exists only by using DCA at high-reversal price zones. At the same time, this system uses real market mechanisms to its advantage to make profits.
Note: Price will increase by $20 every 24h or 48h
Live real: https://www.mql5.com/en/signals/2253661
Supported Currency Pairs: GBPUSD, GBPJPY, EURUSD, USDCAD, AUDUSD.
Recommended Timeframe: M15
Features
- Set up a chart: you only need one chart to trade all currency pairs
- It is possible to trade on multiple currency pairs, but we only support GBPJPY and GBPUSD.
- Backtested and solid live performance
- No GMT adjustment required
- Very easy to use: just enter the currency pairs you want to trade. Also all settings are default.
- Much cheaper than similar quality options on the market
How to install
- The EA must be attached to ONLY one M15 chart, GBPUSD is recommended
- If your broker uses a suffix (eg. GBPUSD.c), you should update the name in the symbol parameter
- Use only recommended pairs. You don't need a .set file, all by default.
Requirements
- The EA is NOT sensitive to spreads and slippage. But I recommend using a good ECN broker like Exness, ICMarkets, Tickmill...
- Accounts with 1:30 leverage require capital > $3000
- With 1:100 leverage, you can use risk settings up to a significant level on a $1000 account.
Strategy
- Symbols - symbols separated by comma (custom if empty)
- Bollinger Bands Period - period of BB used to calculate the upper/lower levels
- RSI Period - period of RSI used to filtering out trades with small potential.
- Maximum RSI Value - value for the RSI filter
Settings
- Low risk set = 20% - Choose lot size according to the risk you want to accept: Deposit load will calculate lot based on deposit load % and predefined presets will automatically calculate risk for you.
- Fixed Lot = 0.01 - fixed trading lot for the initial trade.
- MaxSpread = 10
- Slippage=10
- AllowToBuySell= buy and sell
- Hedging = true - allow opening multi-directional trades on the same symbol
- MinimumFreeMargin = 0
- Max Drawdown=100
- DCA settings ="DCA Strategy Settings"
- Trade Distance - min. step in pips between grid(averaging) trades
- Smart Distance - auto- adjusts the trade distance depending on market volatility
- 2nd Trade Multiplier - multiplier for the 2nd trade
- 3rd-5th Trade Multiplier - multiplier for the 3rd-5th trades
- 6th- Trade Multiplier - multiplier for the 6th-.... trades
- Maximum Trades - max number of grid(averaging) trades
- Comment - comment for orders
