• Overview
  • Reviews (14)
  • Comments (222)

Pure Alpha

PURE ALPHA is an intelligent Expert Advisor (EA), which scalps between the end of the New York and the beginning of the Asian Session. By scalping the night session, the aim is to achieve many small, rather overall market neutral profits.

The strategy is based on Price Action and a mathematical component using volatility. The order closure is individual, taking into account the current market conditions.

  • Usage of Stop Loss and Take Profit, always!
  • no martingale, no grid, no hedging!
  • suitable for deposits starting at $50
  • verified Real Myfxbook Performance Link (see the link in my profile or user guide, I am not allowed to post it here)
  • 100% made in Germany
  • stable results, tested since 2003
  • News Filter

I recommend to use a low spread ECN Broker of your choice and a low latency VPS.

The EA has been tested with 99,9% using high quality Tick Data. Here is a [Guide] how to backtest correctly and a [Guide] how to purchase an Expert Advisor. If you want to achieve more professional trading conditions regarding Brokers and VPS, I can recommend this [Guide] How to Identify a True ECN Broker and a professional VPS


Pairs and timeframes

The EA works for all major currency pairs. The current settings are optimized for EURUSD, GBPUSD and USDCHF. If you want to trade the EA on different currency pairs, I recommend to optimize the parameters therefore or inquire for these.

  • The timeframe to which the EA is attached to is not relevant, but for a better overview, I recommend to use PURE ALPHA in M5 or M15 timeframe.


Important

If you want to use the built-in News Filter, please add URL: http://ec.forexprostools.com to the allowed URLs in the MT4 terminal settings (Tools -> Options -> Expert Advisors) and check "allow webrequest" for listed URL.

Unlike other EA developers, I will not change the price of PURE ALPHA anytime soon. I use this strategy on my private trading account as part of my regular income and I strongly want to prevent a distribution to the masses.

You should always consider that only about 3% of all FX traders are profitable in the long run.

Please feel free to contact me if you have any questions!

If you purchase the Expert Advisor (no rental), I will assist you with personal support and deliver you better, optimized set files according to your goals!


Explanation of Inputs

  • lotsize fix: Enter the fix lotsize that you want to trade (used if use Risk% = false)
  • max spread allowed: enter the maximum allowed spread when opening of a trade
  • slippage: enter the maximum allowed slippage when opening a trade
  • use Risk%: if true, then MoneyManagement is used
  • Risk Dynamic: Percentage of Risk (if RIsk%=true)
  • max lotsize: maximum tradable lotsize (when using Risk%)
  • Magic number: you can change it if you want but it is only for tracking the EA and distinguishing the EA between other
  • Filter Medium: First filter used for normal market conditions (default filter)
  • Filter Fast: Filter for fast (very volatile) market conditions
  • Take Profit: Coefficient for Take Profit
  • Stop Loss: Coefficient for Stop Loss
  • Newsfilter: if true, then EA stops trading before and after high and medium impact news
  • Close already open trades: if true, trades that are open are closed if news appear. If false, then already open trades remain open but new already open trades are closed if selected news appear. If false, then already open trades remain open and only new trades will not be opened
  • No operating in minutes before High Impact News: Time no trades are opened x minutes before High Impact News
  • No operating in minutes after High Impact News: Time no trades are opened x minutes after High Impact News
  • Medium Impact News: no trades during Medium Impact News
  • No operating in minutes before Medium Impact News
  • No operating in minutes before High Impact News
  • Trade at weekly opening: If true, trades are opened at market opening on Sunday
  • Start hour: Search for new trades at specified hour
  • Start minute: Search for new trades at specified minutes
  • End hour: Stop searching for new trades at specified hour
  • End minute: Stop searching for new trades at specified minute
  • start closing position hour: Start closing existing trades at specified hour
  • start closing position minute: Start closing existing trades at specified minute
  • end closing position hour: from this time no more open trades will be closed
  • end closing position minute: from this time no more open trades will be closed
Sean Moghimi
55
Sean Moghimi 2018.06.21 20:02   

This EA is very risky and after leaving it on my demo account for couple weeks with all settings set properly I would say it will not give consistent profit and will pose high risks of losing money fast. I think there is much room to improve on algorithm or SL or TP settings or something...

Aceman123
294
Aceman123 2018.06.21 14:33 
 

Waste of time. I've tried hard to make it work for about 4 months, but to no avail.

The reason is simple - you have a scalper with a TP level of 3 pips and a stop of 15 pips. With this inverse R:R, it is impossible to make money on a consistent basis.

That's for EURUSD. Don't even try it on GBPUSD and USDCHF - "Asian" spreads and roll-overs will kill any profit.

There are better alternatives to this VERY expensive EA if you're looking for a good scalper, this is not it.

Marcus Nyman
550
Marcus Nyman 2018.06.19 06:12 
 

Update 2018-06-19

Downgrading since it has erased all the profits made from start. Very strange that it suddenly takes one step forward and then two steps back each week.

Also the author is quite absent in the comments field. That is not worthty of a really expensive EA

Maksim Uzakov
218
Maksim Uzakov 2018.06.17 13:17 
 

User didn't leave any comment to the rating

Joebar
691
Joebar 2018.06.13 18:51 
 

I'm sorry, but this EA is not stable .....

You can earn 10% in this time and lose 20% in half the time.

With this EA you may be able to make money, but it's very very risky and risky .....

You can not sleep peacefully when it works it's impossible.

Normally you have to trust the EA, but it's impossible.

Gains and losses are really too random.

Tafil Zabelaj
70
Tafil Zabelaj 2018.05.26 00:49 
 

User didn't leave any comment to the rating

orfeysoft
134
orfeysoft 2018.05.09 20:28 
 

Very stable and correctly written advisor.

The best scalper I've ever seen. Respekt !!!

eneloop
230
eneloop 2018.03.25 19:11 
 

My first 5 stars comment in MQL5 market , thanks for your good job and wish for a better future !

Martin Volk
468
Martin Volk 2018.03.23 23:45 
 

Great EA. I bought it in December 2017 and started running it on January 4th in a live $10k account. So far 2% in the first week with acceptable risk. Alexander is very helpful and provided me with SET files as well and a money management strategy based on account size. A+

UPDATE FEB 28: After 2 months on $10k live account -> 10% profit. Nice one! I have it running on numerous demo accounts with other brokers too and if you don't use one of the recommended brokers it will not perform. I am using Activtrades.

UPDATE MAR 23: After almost 12 weeks it's 17% up. 5 star remains. Really pleased.

Hamed Dehghani
35579
Hamed Dehghani 2018.03.15 07:20 
 

Really safe and profitable trading robot.

I used defualt setting ... it work nice and have good performance. if i want to say the best point of this strategy... i can say, its stable... so trader can leave it to work and just count his own profit.

I will continue to use it and 100% recommended to new users.

Congli Tang
124
Congli Tang 2018.02.26 02:19   

Dear Alexander Gerlach:

The stoploss of each order is 200 , and the takeprofit of each order is 22 . The stoploss : the takeprofit is ~10:1.

And in your EA backtest result , the profit trades : the loss trades is 9324:1028 , ~ 9:1 .

How can your EA earn money if we consider the exchange Commission???

Each EA is mathematically reasonable first. If the order is lost once, the first ten profits will be cut.

How can your EA earn money if we consider the exchange Commission???

AHDROUD1
215
AHDROUD1 2018.02.19 09:28 
 

on the test everything is fine as soon as I rented the product in the beginning was in positive territory and then one loss dms adjusted correctly the risk of 15 on account 800 $ virtually all lost

bretlee83
166
bretlee83 2018.01.22 17:25 
 

Nice EA. Good Profit. Top Author. I recommend.

Vladislav Golovin
936
Vladislav Golovin 2017.12.01 11:04 
 

So far it seems like a solid EA with clever strategy and consistent results. I use it with default settings.