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Gegatrade Pro

4.67

Gegatrade Pro EA is a Cost Averaging System with a Sophisticated Algorithm.

It is secured by a built-in “News WatchDog” system that suspends trading during news events.


Trading Strategy

Gegatrade Pro EA 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 Pro places its first trade, 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 Pro starts its “cost-averaging strategy” which will add new trades from the same direction based on its Mathematical Algorithm and increase the overall position.

When a pull-back of the price occurs, Gegatrade Pro closes the whole basket of orders.

It is advised to use Low spread ECN brokers with a starting balance of 3000.


Parameters

  • UseTrailingStop — Enable or Disable the use of trailing
  • TrailingStart — the points at which trailing will start
  • TrailingStep — steps to trail in points
  • TrailingRoom — the points allowed before closing the trailing
  • Use Support Resistance Long — Use Support and Resistance Levels for Long direction
  • SR Support Resistance Long Period — The TimeFrame used for Support/Resistance Long direction
  • Min SR Distance Long — Minimum distance (in pips) between Support/Resistance Levels for Long direction
  • Start SR Long at Level — The level at which Support and resistance leveling starts for Long direction
  • Use Support Resistance Short — Use Support and Resistance Levels for Short direction
  • SR Support Resistance Long Period — The TimeFrame used for Support/Resistance Short direction
  • Min SR Distance Short — Minimum distance (in pips) between Support/Resistance Levels for Short direction
  • Start SR Short at Level — The level at which Support and resistance leveling starts for Short direction
  • EAWorkMode — switch between BacktestMode or LiveMode
  • DrawingOn — Show Past news on chart
  • ShowDashboard — Show Statistics on chart
  • ShowBalance — Show Balance on chart
  • GMTOffSetOfBroker — The GMT Offset between your broker and GMT time
  • Trade comment — a comment for trades
  • MagicNumber — Trades ID
  • MoneyManagement — FixedLot/UseMM. Use fixed lot to trade or Money management
  • Start Balance — The balance to use when MoneyManagement is chosen
  • LotSize — Lot Size
  • Risk — Percent of the "start balance" to use for trading
  • TradingDirection — The direction you wish to trade
  • MaxSpread — Maximum spread to allow trades (recommended 10 points or bellow)
  • PauseLong — Pause long trades
  • PauseShort — Pause short trades
  • MartingalePauseLong — Pause the Martingale for long direction
  • MartingalePauseShort — Pause the Martingale for Short direction
  • TakeProfitLong — Take profit for Long trades
  • TakeProfitShort — Take profit for Short trades
  • Use_SL — True/False
  • Stop Loss Long Percent Balance — Stop loss for long direction
  • Stop Loss Short Percent Balance — Stop loss for Short direction
  • Short Minimum Distance level 1 till 10 — The minimum distance in pips between levels
  • Long Minimum Distance level 1 till 10 — The minimum distance in pips between levels
  • List of symbols for news filter — Currency Symbols to choose for filtering the news Example: USD,EUR,GBP,CHF
  • Show lines for news in the past — Show old news on chart
  • Pause Long or Short before an importance News — Each of the 12 pause inputs will pause number of minutes before or after a News Event
  • PauseAfterLevel — Pause trading after a certain level
  • PauseLongAtLevel — level to pause at for Long Trades
  • PauseShortAtLevel — level to pause at for Short Trades
  • DrawdownInCash — amount that you wish to receive Push Notification when it is reached
  • SendPushNotificationOnDD — send Push Notification about your DrawDown
  • SendPopupAlertOnDD — Alert from your MetaTrader 4 about your drawdown
  • StartTradingInMondayTime — Time to start trading on Mondays
  • EndTradingInFridayTime — Time to stop trading on Fridays
  • PauseBasketOnNews — This will pause adding more trades when News event is active
  • MinBarDistanceLong — minimum bars to allow a long level
  • MinBarDistanceShort — minimum bars to allow a short level
  • UseCounterTrades — Use Hedge yes/no

Counter trades (Hedge) lot size calculates as percentage of main lot size. 
Example: if initial lot is 0.10 and CTinitial lot is 0.3, then CTinitial lot will open 0.03 lot.

  • CTInitialTradeLotSize = 0
  • CTLotSize_1 = CTLotsize corresponds to percentage of each main level, there is 10 Levels to set you can define each CTLotsize with a percentage of the main Level.
    Example: Main level 5 = 0.10 lot, CtLotSize_5 = 0.5, then the lot size for countertrade level 5 will be 50% from the main level 5, which is 0.05 Lot Size
  • StartCounterTradesFromLevel — the level at which CT will start
  • CounterMagicNumber — a unique number for CT trades
  • HedgedAveragePricePips — the average pip in profit at which CT + main basket close
  • UseMAfilterLong — moving average filter for long direction enable/disable
  • MAperiodLong — moving average period for long direction
  • MAlevelLong — moving average level to allow Long direction (in points)
  • MaLongTriggerDirection — above or below the MA to trigger a long trade
  • MaLongTimeFrame — Timeframe used for MA filter
  • UseMAfilterShort — moving average filter for short direction enable/disable
  • MAperiodShort — moving average period for short direction
  • MAlevelShort — moving average level to allow short direction (in points)
  • MaShortTriggerDirection — above or below the MA to trigger a short trade
  • MaShortTimeFrame — Timeframe used for MA filter

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.

Reviews 20
Martin Metzler
796
Martin Metzler 2018.12.12 20:55 
 

Great EA with steady profit and live signals from the developer!

Very good support from David!

Thumbs up and many thanks!

iguana007
116
iguana007 2018.08.05 21:40 
 

Really good EA !!! 5 Stars for David and Very good support

Pablo Ivan Parra Pedraza
58
Pablo Ivan Parra Pedraza 2018.06.27 17:58 
 

Excelente Ea y soporte por parte de David ,me gusta mucho todos los perfiles que uno puede usar.

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5 (1)
Hello traders,   I have designed this tool with   real results rigorously   , RA AI   intended and specially designed to scalp with a Trend algorithm structured in   AI   in the EURO DOLLAR currency, here we can see the result in its 1-year backtest from 1k to 12k, we can also see the real account signal with real money winning with similar results, RA AI is incredible! I will tell you a bit about the design, based on ranges of nodes to scalp in a trend in a stable currency such as   EURUSD , in
1 299 USD
SSX Titan TT MT4
Artem Minchuk
2.91 (11)
Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
1 399 USD
Waka Waka EA
Valeriia Mishchenko
4.55 (47)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT5 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
2 600 USD
Odin AI
Nestor Alejandro Chiariello
5 (1)
Hello traders, I have designed ODIN AI with real results rigorously, impeccable for his wisdom and intelligence  , tool based on several of my previous   Strategies , adapting it to the   Forex Market , therefore it is adapted to the   artificial intelligence   of   machine learning , that is, the   AI   will read parameters and then consult them to my strategy, then it will learn so that the entries are of better quality, it also has a node where you can recover positions, another of the innova
1 100 USD
Darwin Swing MT4
Guillaume Duportal
4.79 (14)
Darwin SWING Launch price 999 USD , future price 1490 USD DESCRIPTIONS: -- To understand how it works, come read the blog (This EA reflects my philosophy of forex trading...If you like the way I look at it, then you will like my EA. Take the time to do it! (Forex is not a race): https://www.mql5.com/en/blogs/post/745790 -- To see the past performance here are the links of the signals Live and demo signals: https://www.mql5.com/en/users/tradedeal/seller EXPLANATION: After t
999 USD
Cherokee
Andrey Kolmogorov
5 (2)
Cherokee  - is a professional adviser based on a trend tracking system with an adaptive algorithm. New sets are in the "Comments" section comments #2-3. Signal: 6 currency pairs Main Advantages 6 currency pairs; The EA does not use Martingale; The minimum starting deposit is $300; No need to close the robot during news releases; It works with 4 and 5-digit quotes; A multi-level model of a quantum set. Working parameters Currency pairs : EUR/USD, GBP/USD, EUR/CHF, USD/CHF, USD/CAD, USD/JPY ,  
1 500 USD
XG Gold Robot MT4
Marzena Maria Szmit
4.53 (17)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
699 USD
Candle EA MT4
Mansour Babasafary
4.56 (36)
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
830 USD
Dragon Multi EA MT4
Mansour Babasafary
4.71 (14)
3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can use 3 experts at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term The price will increase by 100$ after every 10 p
520 USD
NightVision EA
Alexander Kalinkin
4.11 (27)
NightVision EA  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA:    https://www.mql5.com/en/signals/author/dvrk78 Ask me for   the   recommended FX
550 USD
Never Dies MT4
M Ardiansyah
5 (1)
Never Dies EA is a super professional EA using advanced mathematical and statistical theories. The EA analyzes multiple timeframes (Chart Timeframe and D1) to detect strongest directions and verify signals. The EA is in the category of HFT trading EAs and will not use any dangerous recovery methods such as grid, martingale, hedge, .... All trades are powered by TP/SL to control the risk of the account. Also some smart algorithms inserted inside the EA to adjust some settings based on selected sy
900 USD
Making decisions about where to put your money can be a daunting task for an investor. But with The Investment Innovator, you can take control and make informed choices. My system is designed to provide you with, up-to-date information by analyzing vast amounts of market data in real time. Using sophisticated algorithms, I identify patterns and trends, giving you personalized recommendations that match your unique investment preferences. My goal is to help you stay ahead of the curve and capita
999 USD
XC Pips EA MT4
Marzena Maria Szmit
5 (13)
The XC Pips EA MT4 is an advanced automated trading system meticulously designed for the specific dynamics of the   GBP/USD   currency pair. Utilizing advanced technical analysis, the robot assesses historical and real-time data to   identify potential trends , key support and resistance levels, and other relevant market signals specific to GBP/USD. XC Pips EA opens positions   every day,  from Monday to Friday, and   all positions are secured   with Take Profit, Stop Loss, Trailing Stop, we inc
799 USD
Big Forex Players MT4
Marzena Maria Szmit
4.56 (18)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the   biggest Banks   (p ositions are sent from our databas
1 299 USD
FXMachine
Alexander Kozachuk
4.73 (11)
Statistics on a real account since 2020 Backtest for the last 13 years Low drawdown strategy Multi-currency algorithm Compatible with any broker Proven drawdown control system Trading on a real account since 2020 : Click Here Trading on USDCAD, EURGBP, GBPUSD, EURUSD: Click Here Trading on EURGBP: Click Here Trading on GBPUSD: Click Here Full backtests of the FXMachine EA are available for download here: Click Here About us: The development and support of FXMachine and our oth
985 USD
More from author
Breaking News
David Zouein
3.67 (3)
Breaking News Expert Advisor is a state-of-the-art news trading system. The EA analyzes the market during the most critical news announcement periods and determines the entry levels based on the finding of price fluctuations during that periods. The direction of the trade is determined by the EA's clever adaptive system. The unique clever way the EA auto-manages your trades cuts drawdowns to the minimum enabling you to start with a low balance like $50. The EA has a minimum set of inputs for sim
500 USD
GegaTrend
David Zouein
Gegatrend EA is a cost averaging system with a sophisticated algorithm. It is secured by a built-in “ News WatchDog ” that suspends trading during news events. For full description: https://www.mql5.com/en/blogs/post/711269 Watch how it works: https://youtu.be/j17AR3uq6yI Parameters SR timeframe long — timeframe for support/resistance leveling long direction. SR distance long — minimum distance in pips between long trades. SR level long — the number of trades to start using SR levels for long
500 USD
Gegatrade Advanced
David Zouein
5 (1)
Gegatrade Advanced EA is a state of the art Cost Averaging system It is secured by a built-in “ News WatchDog ” that suspends trading during news events the EA has lot of preset configuration files that can be downloaded from its Blog For full description visit the Blog :  https://www.mql5.com/en/blogs/post/720582 Trading Strategy The EA uses different strategy to each pre-set file which can all be downloaded from the Blog Gegatrade Advanced is open for the user to define his own
400 USD
Filter:
m4xwe1188
528
m4xwe1188 2020.01.13 12:50 
 

The EA hasn't taken any trades for a long time. Anyone else having this issue?  GMT offset is correct. But it's just not taking positions after months. No response from David. Will update review if the problem is solved.

Martin Metzler
796
Martin Metzler 2018.12.12 20:55 
 

Great EA with steady profit and live signals from the developer!

Very good support from David!

Thumbs up and many thanks!

patagoniax
520
patagoniax 2018.10.31 10:09 
 

It does not take any position other than AUDNZD.

What?

We are using all the set files distributed.

I will update my rating once this problem is resolved.

Yongqiang Chao
422
Yongqiang Chao 2018.09.28 17:53 
 

All Martin's EA will explode sooner or later. And this EA is selling too expensive.

iguana007
116
iguana007 2018.08.05 21:40 
 

Really good EA !!! 5 Stars for David and Very good support

Pablo Ivan Parra Pedraza
58
Pablo Ivan Parra Pedraza 2018.06.27 17:58 
 

Excelente Ea y soporte por parte de David ,me gusta mucho todos los perfiles que uno puede usar.

Ghero
519
Ghero 2018.05.08 10:26 
 

I have tested Gegatrade extensively for a month both on Demo and Real account and using multipair. It's a very good and profitable EA. If you pay attention when price is strongly trending and you have a proper money managment, you will have for sure satisfactions. In my humble opinion, his last setfile, USDSGD, is near to the state of art. Thank you David

Khairi Jaafar
240
Khairi Jaafar 2018.04.13 03:22 
 

Great EA. You need to have proper money management as mentioned by David. Recommended!

hammiebal
428
hammiebal 2018.04.04 16:12 
 

After 3 months still great support from David. If you follow his rules and watch the big news changes you will be fine :-)

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22-12-2017 Still one of the best EA's arround. If you stick to your smart money management plan it can be very profitable.

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4-4-2018 I had some problems with my MT4 and David fixed it, I love the M15 trail EURUSD, M5 EURUSD (aggressive) and the M5 EURCHF setfiles

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29-8-2018 Still happy with Gegatrade. I am not using AUDUSD and USDSGD anymore (need some tweaking) All other setfiles are doing great for me. I am using icmarkets ecn for fast execution and small spreads

Serafin Perez
2895
Serafin Perez 2018.03.22 17:12 
 

Lo más grande de este ea, aparte de su rentabilidad, es que perdura en el tiempo. Ha llegado a ser y es todo un clásico, pero lo mejor es que cada actualización se presenta como un producto nuevo y mejor si cabe que el anterior. La gran sorpresa y la honradez que deja el autor, es que este producto sigue unas pautas de mejora que nadie es capaz de mejorar en el contexto. Me explico, hay autores que lanzan el producto y más adelante lo abandonan pero sacan un producto con otro nombre que bien podría ser una continuidad del mismo; en este caso esto no pasa aquí, en Gegatrade se sigue una línea en el tiempo de mejora que invita a tenerlo en Metatrader porque es un producto que brilla y su autor sabe como hacerlo brillar. Es un producto sorprendente si sigues las pautas de su autor que ha dejado escritas en su admirable blog.

Getrade es sorprendente y según pasa el tiempo no se degrada.

Pienso que es el mejor EA que tengo sin excepción.

Número UNO.

(Soy incapaz de decir nada malo de Gegatrade y sin embargo a veces pienso que debería de dejarlo para mi intimidad. Me sigue sorprendiendo día tras día y creo que debo compartirlo.)

HamidKouidri
90
HamidKouidri 2018.03.06 19:36 
 

I have purchased the EA the beginning of this week and I am running it on few Demo's. Testing few set files provided in the blog and so far so good. David was very quick in helping me through TeamViewer when I had a problem with the news feed. I will update the end of the month.

Felixu
740
Felixu 2018.02.21 23:32 
 

I can vouch for consistent performance over the past 1 year. Excellent support from the vendor.

Highly recommended. After 10 years of forex trading, mostly with robots, this is the first one I have seen that has stood the test of time and is realistically priced.

Keep up the good work David!!!!

ropeganika
67
ropeganika 2018.01.05 10:33 
 

Best EA i bought

Wei Hu
2498
Wei Hu 2017.11.30 15:51 
 

testing

Hongjun Yu
2179
Hongjun Yu 2017.11.03 11:42 
 

很好用的ea,持续盈利中,交流QQ14186728(gega)

Wai Julia Cheung
193
Wai Julia Cheung 2017.11.03 03:04 
 

Good EA

High profit

Low MDD

Nice Guy

5 Stars x 20

Trader211
213
Trader211 2017.09.02 05:19 
 

Works well :)

[Deleted] 2017.08.26 01:08 
 

User didn't leave any comment to the rating

Fengbiao Dong
248
Fengbiao Dong 2017.08.23 07:44 
 

刚买入正在测试中

tomvanosselaer
370
tomvanosselaer 2017.07.11 16:17 
 

Verry nice ea Whit contineu profit every day nice profits!

thanks for the EA!

Reply to review
Version 5.9 2018.07.06
Added past news till June 2018
Changed set files
Version 5.8 2018.03.29
Added Past News events for April 2018
Fixed Blinking News lines on the chart
Version 5.7 2018.03.23
Added Past News Events until March 2018.
Now past News Events built into the EA are from January 2015 until March 2018 for all Major Pairs.
New set files can be found under the Blog:
https://www.mql5.com/en/blogs/post/677491
Version 5.6 2018.03.06
Fixed flickering of News lines on the chart.
a small glitch that does not affect trading.
Version 5.5 2018.02.09
Added Past News events till January 2018
Added Trailing Capability
Optimized the code
Version 5.4 2017.10.04
Fixed counter trades
Added past news for September 2017
Version 5.3 2017.09.21
Fixed Stop Loss when using Hedge
Added Past history till August 2017
fixed Money Management to work with Hedge
Version 5.2 2017.07.14
Added Hedging
Added Past news till June 2017
Added Moving Average Filter
for details visit https://www.mql5.com/en/blogs/post/677491
Version 5.1 2017.05.17
Added past news till April 2017
Version 5.0 2017.03.09
For detailed description visit the Blog https://www.mql5.com/en/blogs/post/677491

1-Added Leveling based on Resistance and Support
This opens up trading to wide number of pairs

Added past News from 2015 till 2017 Jan
Added Stop loss for each direction seperatly based on % account balance
Added show Take Profit Line
Changed the WebRequest Address
Tuned the Algorithm
Version 4.8 2016.11.18
Past News updated till October 2016
Version 4.6 2016.09.05
Dashboard error fixed
Version 4.5 2016.09.02
1. Opened the code, so that users can set the distance to each martingale level differently
2. Added function to limit the martingale during slow trends
3. Updated the past news to cover July 2016

More details: https://www.mql5.com/en/blogs/post/677491
Version 4.0 2016.08.10
Fixed news download error for users with bad Internet
Version 3.9 2016.07.18
News Download Error Fixed
Version 3.8 2016.06.22
StartTradingInMondayTime - start trading at any time you define after market opens on Mondays (broker time)
EndTradingInFridayTime - ends trading at the time defined before market closes on Fridays (broker time)
Updated the past news till June 9
Version 3.7 2016.06.03
- Added Time to trade filter
- Injected past news inside the EA from January 2015 till May 2016
Version 3.5 2016.05.11
1 - Past News from January 2015 till February 2016 Injected into the EA
2 - Each Direction can be configured differently to pause at the News Events
3 - "PauseAfterLevel" This function lets you pause the EA when it reach a curtain level of its Martingale.
Increase the number and EA continue where it left.
4 - SendPushNotificationOnDD send Push Notification about your DrawDown.
5 - "DrawDownInCash" amount that you wish to receive Push Notification when it is reached
Version 2.55 2016.04.22
Stop Loss small Bug Fixed.