Alkebot
- Experts
- Version: 1.20
- Updated: 8 November 2026
Trade market sessions with a structured strategy, automated position management, and configurable risk controls.
ALKEBOT is an Expert Advisor (EA) for MetaTrader 5 designed to identify trading opportunities during selected market sessions and manage positions through a rules-based trading system.
The EA combines session timing, price-based entry conditions, configurable grid recovery, basket profit management, and account equity protection.
Rather than requiring constant manual monitoring, ALKEBOT automates the trading process according to the settings selected by the user.
How ALKEBOT Works
1. Session-Based Market Analysis
ALKEBOT monitors configured trading sessions to identify potential BUY and SELL opportunities.
Users can customize trading windows to match their preferred instruments, trading schedules, and broker conditions.
Key capabilities:
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Configurable trading sessions
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Automated market monitoring
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Price-based BUY and SELL entry conditions
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Customizable entry and execution windows
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Trading-day restrictions
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Session-based trading controls
2. Automated Grid Recovery System
ALKEBOT includes a configurable pending-order grid designed to manage positions when the market moves against an initial entry.
The intended full-grid operation is:
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ALKEBOT identifies a valid trading signal and opens the initial position.
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It attempts to place the configured recovery levels as pending orders, subject to broker and margin requirements.
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Pending orders execute if the market reaches their specified prices.
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The EA monitors the combined position exposure and basket profit target.
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When the basket closes, remaining pending orders are cancelled before a new trading cycle begins.
Grid configuration includes:
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Adjustable grid levels
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Configurable distance between levels
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Customizable position-volume progression
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Automated pending-order management
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Basket-level profit management
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Pending-order cleanup
Important: Grid recovery does not guarantee that losing positions will recover. Increasing position exposure can produce substantial floating losses and margin requirements, particularly during sustained market trends.
3. Automated Basket Profit Management
ALKEBOT manages the trading basket according to its configured profit-target calculations.
The system is designed to coordinate open positions and pending orders within a trading cycle, reducing the need for manual order management.
4. Configurable Risk Management
ALKEBOT provides risk-management settings intended to help traders control account exposure.
Depending on the enabled configuration, these may include:
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Daily equity-loss monitoring
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Overall account-loss protection
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Margin-level monitoring
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Spread filtering
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Position-volume restrictions
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Automated position closure
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Pending-order cancellation following risk-limit activation
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Trading suspension after configured loss limits
Daily loss protection: When enabled and triggered, the EA is designed to close managed exposure and suspend new trading until the next permitted trading day.
Overall loss protection: When enabled and triggered, the EA is designed to close managed exposure and prevent further trading until the protection is explicitly reset.
Risk controls cannot guarantee execution at an exact loss percentage during rapid market movements, gaps, or broker disruptions.
5. Multiple Trading Instruments
ALKEBOT is designed for use with supported MetaTrader 5 trading instruments, including:
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Major Forex pairs
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Minor Forex pairs
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Gold and supported metals
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Other compatible broker instruments
The EA operates on the chart symbol to which it is attached. Different instruments may require different grid distances, position sizes, trading schedules, and risk settings.
6. Prop Firm Trading Compatibility
ALKEBOT can also be used on proprietary trading firm (prop firm) accounts, provided the firm permits Expert Advisors, grid strategies, and automated trading systems.
The EA includes configurable risk-management features that may help traders adapt their trading activity to certain funded-account and evaluation requirements.
Prop firm-related features include:
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Configurable daily loss limits.
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Overall account drawdown protection.
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Automated equity and margin monitoring.
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Trading suspension when configured risk limits are reached.
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Automated position closure and pending-order cancellation when applicable protection mechanisms activate.
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Customizable trading schedules and restrictions.
Important: Every prop firm has its own rules regarding maximum losses, drawdown calculations, grid strategies, automated trading, and trading restrictions. ALKEBOT does not guarantee passing a challenge, obtaining a funded account, or complying automatically with any firm's rules. Users must verify their prop firm's requirements before enabling the EA.
Historical Backtesting
ALKEBOT's strategy has been evaluated using the MetaTrader 5 Strategy Tester.
EURUSD M5 - Historical Test
| Performance Metric | Reported Result |
|---|---|
| Test period | January 2021–2026 |
| Initial deposit | $100,000 |
| Net profit | +$149,751.63 |
| Final balance | $249,751.63 |
| Total trades | 1,867 |
| Profitable trades | 76.49% |
| Profit factor | 1.16 |
| Recovery factor | 2.12 |
| Sharpe ratio | 1.87 |
| Maximum balance drawdown | 19.74% |
| Maximum equity drawdown | 29.24% |
| Reported history quality | 19% |
These results come from a historical Strategy Tester report and are not independently verified live performance.
The reported history quality of 19% limits the reliability of the simulation. The results should not be interpreted as evidence that every version, broker, or configuration will perform similarly.
Past performance does not guarantee future results.
Recommended Setup
Platform: MetaTrader 5
Primary testing timeframe: M5
Trading instruments: EURUSD and other supported symbols after independent testing
Trading style: Session-based automated trading with configurable grid management
Execution: Automated market entries and pending grid orders
Risk management: Configurable account protection and margin monitoring
Before using ALKEBOT on a live account, users should:
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Run a backtest using their broker's trading conditions.
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Test the EA on a demo account.
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Review all lot sizes, grid distances, and loss limits.
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Ensure sufficient available margin for the selected settings.
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Understand the risks of leveraged grid trading.
Why Choose ALKEBOT?
ALKEBOT brings session-based trading and automated basket management into one configurable MetaTrader 5 Expert Advisor.
Its purpose is to help traders apply a consistent trading process while retaining control over strategy parameters and account-risk settings.
Explore the free demo and evaluate ALKEBOT in the MetaTrader 5 Strategy Tester before purchasing a rental.
Risk Disclosure
Trading Forex, metals, and other leveraged instruments involves substantial risk, including the potential loss of the entire trading deposit.
Grid strategies may accumulate large positions and experience significant drawdowns. Margin protection, daily loss limits, and overall loss limits cannot eliminate these risks.
Historical performance is not a prediction or guarantee of future results. Actual outcomes depend on market conditions, execution quality, leverage, spreads, liquidity, and user configuration.
ALKEBOT is a trading automation tool, not a guarantee of profitability.
