iMetaTrade is a revolution in Trend trading. Not only does it always follow the trend on every trade, it manages to take a quantitative view of the forex market as a whole. Using complex internal algorithms, it follows institutional market movements.
This is a professional multi-currency EA, conveniently running all pairs from one chart. It is infinitely customisable to individuals’ goals and risk appetite. It can trade any currency and we recommend testing various setups to appreciate its full potential! The strength of iMetaTrade lies in its ability to diversify across non-correlated assets. It achieves this by letting winning trades run on some pairs, compensating losses on others – similar to how hedge funds operate.
*** MT5 version here ***
Backtest on MT5 only, as MT4 can only test one currency pair at a time, but EA works by analysing entire market simultaneously. MT4 and MT5 versions work on live accounts exactly the same – but for backtesting use MT5 strategy tester only!
- Professional trading tool, aimed at long-term investor mentality
- Strictly adheres to mathematical and statistical methods
- Unique adaptive TP algorithm programmed in, adapting to strength of market
- Customisable safety features, according to individual users risk tolerance
- Proprietary trend identification algorithm, confirming trend strength and duration
- Spread and rollover filters
- Does not depend on broker conditions, not sensitive to spread, commission or account type (no scalping)!
- System live traded and refined for over 3 years
- Highly diverse, as risk constantly spread over multiple currencies
- Stable growth curve due to diverse nature of strategy
- Standard settings can be used on any market, proving strategy 'edge' and strength
- Fully automatic, no manual intervention required
- Easy set-up, only needs attaching to a single chart, from which it manages all pairs
Full list of parameters and explanations available in the blog
All parameter settings are in points (1 pip = 10 points)
Attach to single EURUSD 1 HR chart (trades all pairs from one chart)
Recommendation: trade multiple pairs to diversify
Recommend leverage: 1:100 or higher
Visit the blog for full details on theparameter settings, backtest reports as well as live trading results.
Recommended Broker: IC Markets
- Modified trend algorithm
- Added hedge mode
- Additional safety features
- Auto growth function
** still highly recommended to use MT5 for simultaneous multi-currency testing **
Development of correlation filter
Updated default values