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Gegatrade Pro


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.


  • 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.

Avis 20
Martin Metzler
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 2018.08.05 21:40 

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

Pablo Ivan Parra Pedraza
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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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
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 2018.10.31 10:09 

It does not take any position other than AUDNZD.


We are using all the set files distributed.

I will update my rating once this problem is resolved.

Yongqiang Chao
Yongqiang Chao 2018.09.28 17:53 

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

iguana007 2018.08.05 21:40 

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

Pablo Ivan Parra Pedraza
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 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
Khairi Jaafar 2018.04.13 03:22 

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

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 :-)


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.


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


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
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 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 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 2018.01.05 10:33 

Best EA i bought

Wei Hu
Wei Hu 2017.11.30 15:51 


Hongjun Yu
Hongjun Yu 2017.11.03 11:42 


Wai Julia Cheung
Wai Julia Cheung 2017.11.03 03:04 

Good EA

High profit


Nice Guy

5 Stars x 20

Trader211 2017.09.02 05:19 

Works well :)

[Supprimé] 2017.08.26 01:08 

L'utilisateur n'a laissé aucun commentaire sur la note

Fengbiao Dong
Fengbiao Dong 2017.08.23 07:44 


tomvanosselaer 2017.07.11 16:17 

Verry nice ea Whit contineu profit every day nice profits!

thanks for the EA!

Répondre à l'avis
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:
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.