A Cost Averaging Sophisticated Algorithm.

Gegatrade Profile is new generation EA,  it is based on the fact that most of the time the price usually moves between the upper and lower boundaries of the trading channel.

Basing on this fact, Gegatrade Profile places its first trade Based on RSI trend indicator and its state of the art Gegatrade Filters, assuming that the price is going to return to its average value and take the profit which is defined.

If the price leaves the trading channel and continues further in this direction, then Gegatrade Profile starts its “cost-averaging strategy” and uses Gegatrade Filters which will add new trades from the same direction based on its (Mathematical Algorithm, and Gegatrade Filters) and increase the overall position. 

The EA uses RSI Indicator and Gegatrade Filters to initiate a trade

Gegatrade Filters consist of 4 different filters which search for curtain Bar Patterns and allows the trade

The EA is secured by a built-in “News WatchDog” system, that suspends trading during news events

Gegatrade Profile has 6 Built-in Profiles  EURUSD,  GBPUSD,  EURGBP,  USDJPY,  AUDUSD,  USDCHF

The EA is News Based, to backtest you need the Past news. The EA has All Past News to all 6 Pairs since 2014 inside it. Backtesting is accurate.
N.B. Backtesting with positive results does not guarantee same future results, but gives us a clear Idea

The EA is Spread sensitive, It is advised to use Low spread ECN brokers less than 10 points spread
Start balance 3000$ and above better
Leverage recommended 1:400 and above

Parameters

• USE PROFILING —  chose to trade manual or preset profile
• CURRENCY PROFILE —  Choose a pair to use for trading in the preset Profile
• PROFILE STYLE —  Choose the Style to use for preset Profile, each Style trades in different strategy
• Backtesting or Real trading — Chose between Backtesting or Live Trading
• Spread — Maximum Spread allowed to trade
• GMT Offset — The GMT Offset between your broker and GMT time. (Example: broker time 10:00 , GMT time 7:00, gmtoffset = -3)
• Trade comment — a comment to trades
• MagicNumber — Trades ID
• Money Managment or Fixed Lot — Use fixed lot or Money management that you define bellow
• % Of Balance  —  The percent of your balance to start a trade.
• Fixed Lot Size —    Fixed Lot Size that you specify
• Start Balance —    The balance to use when MoneyManagement is chosen. Example : 3000$
• Take Profit LONG   — Take Profit for Buy trades (points)
• Take Profit SHORT — Take Profit for SELL trades (points)
• Enable Stop Loss — Enable Stop Loss
• Stop Loss LONG   — Stop Loss for LONG trades (in Money)
• Stop Loss SHORT — Stop Loss for SHORT trades (in Money)
• Pause Long trades  — Pause long trades. “In-case” a long trade or basket of trades are being managed, the EA will continue managing until the trade/basket is closed then “Pause”.
• Pause Short trades — Pause short trades. “In-case” a short trade or basket of trades are being managed, the EA will continue managing until the trade/basket is closed then “Pause”.
• Pause Martingale Long — Force Pause the Martingale for long trades. When it is changed to No, the EA continues where it left
• Pause Martingale Short — Force Pause the Martingale for Short trades. When it is changed to No, the EA continues where it left
• Pause Martingale when news events are in pause state — “In-case” a trade or basket of trades are being managed AND News pause activated, then No martingale will happen until the News Pause is cleared.
• Pause Martingale after certain level —   Pause Martingale after Level defined bellow
• Martingale Long level till pause —   The level to pause Martingale at
• Martingale Short level till pause —   The level to pause Martingale at
• Send Push notifications — Send Push Notification to your mobile when Drawdown reach the number specified bellow
• Show popup alerts —   Shows popsup alert on your mt4 when Drawdown reach the number specified bellow
• DrawDawn in money alert trigger — The amount that you wish to receive Push Notification alert to your mobile when it is reached
• Draw info on chart — Show Past news on chart
• Show the dashboard on chart  — Shows Statistics on chart (Turning this option to Off will increase backtest speed)
• Show the balance on chart — Show Balance on chart (Turning this option to Off will increase backtest speed)
• Force Buy Only, Sell Only or Both — The direction you wish to trade Long or Short or Both
• Enable BUY RSI Filter — Enable the RSI filter for Long Direction
• BUY RSI Period — The period for the RSI Filter Long Direction
• BUY RSI Level — The level for the RSI Filter Long direction
• Enable SELL RSI Filter — Enable the RSI filter for Short Direction
• SELL RSI Period — The period for the RSI Filter Short Direction
• SELL RSI Level —  The level for the RSI Filter Short Direction
• Enable Time Filter— Enable trading by time
• Start Trading (Hour)— Start Trading (Hour) GMT
• Start Trading (Minute) — The minute to Start Trading
• Stop Trading (Hour)— The time to stop trading (GMT)
• Stop Trading (Minute) — The minute to stop trading
• Trade on Friday —  Suspend trading on Fridays
• Start trading on Monday — Start trading at any time you define after market opens on Mondays
• Stop trading on Friday —  Ends trading at the time defined before market closes on Fridays
• List of symbols for news filter — Currency Symbols to choose for filtering the news, separated by comma. Example: USD,EUR,GBP,CHF,AUD,NZD,JPY
• Pause Long before a high importance news — Number of Minutes to Pause before a critical news event is released.
• Pause Long after a high importance news — Number of Minutes to Pause after a critical news event is released.
• Pause Long before medium importance news — Number of Minutes to Pause before a medium news event is released
• Pause Long after medium importance news — Number of Minutes to Pause after a medium news event is released.
• Pause Long before a low importance news — Number of Minutes to Pause before a low news event is released.
• Pause Long after a low importance news — Number of Minutes to Pause after a low news event is released.
• Pause Short before a high importance news — Number of Minutes to Pause before a critical news event is released.
• Pause Short after a high importance news — Number of Minutes to Pause after a critical news event is released.
• Pause Short before medium importance news — Number of Minutes to Pause before a medium news event is released
• Pause Short after medium importance news — Number of Minutes to Pause after a medium news event is released.
• Pause Short before a low importance news — Number of Minutes to Pause before a low news event is released.
• Pause Short after a low importance news — Number of Minutes to Pause after a low news event is released.

In order for the "News WatchDog" Feature to function, you should check box “Allow WebRequest” and add “http://news1.gegatrade.com” into your WebRequest URL list.

To do so, Go to Tools/Option/Expert Advisor
Check the box “Allow WebRequest for listed URL:”