Alex EA mt5
- Experts
- Version: 1.0
- Activations: 5
The EA follows martingale strategy and can be applied to all currency pairs and tradable instruments; however, it has demonstrated particularly strong performance on XAUUSD (Gold), especially on the M15 timeframe where sustained trending conditions are present.
Real-time results can be viewed here.
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Settings and manual here
Settings:
- Open new series – true/false - beginning of a new series of orders.
- Trade Buy - allow the EA to buy.
- Trade Sell - allow the EA to sell.
- Trade zone untested - settings of support & resistance indicator
- Trade zone verified - settings of support & resistance indicator
- Trade zone turncoat - settings of support & resistance indicator
- Support manual orders – true/false – allow the EA to control manual orders
- Use hedge - allow the EA to trade both direction buy and sell. If false only one trade direction.
- Max Orders – the maximum amount of orders allowed.
- Order Comment – the description of the system name
- Start lots – the minimum starting lot
- Use Money Management – true/false - use of automatic lot calculation true or false.
- Autolot. Free margin for each 0.01 lot -the amount of free margin for opening every 0.01 lots.
- Lot multiplier – the lot multiplier for the following orders.
- Max lot – the maximum lot size allowed.
- Real TP points (0 – not use) – real TP, the broker can see it - in points
- Virtual TP points (0 – not use) – virtual TP, the broker cannot see it – in points
- Real SL points (0 – not use) – real SL, the broker can see it - in points
- Virtual SL points (0 – not use) – virtual SL, the broker cannot see it – in points
- Use Real Trail (false: virtual) true/false – the use of real trail if true broker can see, if false broker cannot see
- Trail Start points (0 – not use) – How many pips profit is required before the trailing stop begins. (0 = trailing off)
- Trail Step points – after trailing is active, the stop loss moves every X pips the price advances.
- Close from reverse signal – true/false – if true EA will close if signal/trend changes
- Max spread (0 – not use) – the maximum spread allowed
- Start Hour – the hour that the EA must start according to broker market watch
- End Hour - the hour that the EA must end according to broker market watch
- DD Reduction Algoritm - drawdown reduction algorithm it when last order with profit will be closed together with the first order.
- Number order for DD Reduction Algoritm - from which order the drawdown reduction algorithm is activated.
- Percent profit for DD Reduction Algoritm - percentage of profit when closing orders in the drawdown reduction mode.
- Draw on-off – true/false – Showing the profit labels on the chart or not
- Next is font settings
- Pause between orders (min 0 – not use) – amount of minutes to pause between orders
- TF Indicator – time frame indicator
- Magic - is a special number that the EA assigns to its orders.
- Next is Vertex indicator settings
- Fix distance - fixed distance between orders in points
- Order dinamic distance - from which order will the dynamic distance be applied in order.
- Dinamic distance start - the starting value for the dynamic distance in points.
- Distance multiplier - the dynamic distance multiplier.
- Next: Panel Parameters

I've been using this EA for a while, and I'm very impressed with its performance. The accuracy is consistently high, and it does a great job of identifying quality trading opportunities while avoiding unnecessary trades. The setup is straightforward, and it's easy to customize according to different trading styles and risk preferences. I also appreciate its stability and reliability during live trading. Overall, this EA is practical, efficient, and suitable for both beginners and experienced traders. It's definitely one of the best EAs I've used, and I highly recommend it to anyone looking for a dependable automated trading solution.