About the Algo Plus Expert Advisor
The Algo Plus EA for Metatrader 4 is a fully automated Forex robot that takes advantage of rapid market volatility and scalping trends.
It opens and closes trades in just minutes or even seconds.
It’s recommended to deploy the Algo Plus EA on low spread currency pairs only for the best performance.
This expert advisor shows profits, even on small trading accounts.
Please note that the EA does not use any dangerous trading methods like doubling down, etc.
This fully automated trading robot should work with any Forex broker of your preference.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Free Download
Download the “Algo_Plus EA.ex4” expert advisor
Key Features
High-Frequency Scalping
The Algo Plus EA employs a high-frequency scalping strategy, executing trades swiftly during periods of significant market movement.
Price Action-Based Strategy
It utilizes a price action-driven algorithm, focusing on rapid market moves and liquidity sweeps to identify trade opportunities.
Low Spread Currency Pairs
For optimal performance, the EA is recommended to be deployed on low spread currency pairs, with GBP/JPY being a preferred choice.
Minimal Drawdown
Designed with risk management in mind, the Algo Plus EA aims to maintain a low drawdown, ensuring steady account growth.
No Martingale or Grid Trading
The EA avoids high-risk strategies like martingale or grid trading, focusing instead on consistent, quality trades.
MyFXBook Trading Results
Find below the Algo Plus EA robot track record when attached to a live account (click on the picture for full-size view).
Key Points
- Absolute gain: +935.90%
- Monthly profit: 61.08%
- Drawdown: 10.01%
The Algo Plus EA has demonstrated promising performance in backtests.
For instance, a test on the GBP/JPY M1 chart showed a net profit of $86.43 from an initial $100 deposit, with a profit factor of 4.56 and 72 trades executed.
This indicates a high win rate and efficient trade execution.
Trading Chart
The picture below shows the Algo Plus EA attached to the Euro / US Dollar 1-minute chart.
How the EA Works
- Analyzes price action to identify potential trade setups.
- Confirms trade entries using rapid market movements and liquidity sweeps.
- Executes trades with defined take profit and stop loss levels.
- Operates on the M1 timeframe for high-frequency scalping opportunities.
- Avoids high-risk strategies like martingale or grid trading.
Download Now
Download the “Algo_Plus EA.ex4” EA
Parameters & Settings
- Lot sizing: fixed or auto lot.
- Stop loss: adjustable to suit risk tolerance.
- Maximum spread: set to ensure optimal trading conditions.
- Magic number: unique identifier for each trade.
- Trading pairs: optimized for GBP/JPY, but can be used with other low spread pairs.
Recommended Trading Setup
- Timeframe: M1 (1-minute chart).
- Currency pairs: GBP/JPY preferred; other low spread pairs acceptable.
- Account balance: minimum of $100 for optimal performance.
- Broker: Choose a broker with low spreads and fast execution.
- VPS: Use a Virtual Private Server for 24/7 operation.
FAQ
Q1: Is the Algo Plus EA suitable for beginners?
A1: Yes, the EA is designed to be user-friendly and requires minimal intervention, making it suitable for traders of all experience levels.
Q2: Can I use this EA on a live account?
A2: Yes, the EA is compatible with live accounts. However, it’s recommended to test it on a demo account first to understand its performance.
Q3: Can I customize the EA’s settings?
A4: Yes, the EA offers various customizable parameters to tailor its operation to your trading preferences.
Summary
The Algo Plus EA for MetaTrader 4 offers a reliable and low-risk automated trading solution.
By combining price action analysis with rapid market movement identification, it executes high-frequency scalping trades on the M1 timeframe.
With features like adjustable lot sizing, stop loss settings, and a focus on low spread currency pairs, this EA is suitable for traders seeking consistent and sustainable profits.
Download it today and enhance your trading experience.
