Alien’s EA for MT5 is an advanced trading software developed only for advanced traders. The EA can be used for scalping or HFT perspective, it utilizes advanced features while everything is simple for users. The EA uses its unique algorithm to calculate the velocity of the asset, It is fully optimized for maximal performance.
The strategy behind this is to catch the price action of the asset, the pullback which occurs after a sharp price movement, this action happens in a very short period of time typically 1-2 seconds, the timeframe of the current chart has no any importance since Alien’s EA uses its unique algorithm, the user can indicate the time and a velocity value. You can control a number of trades, but profitable trades happen more randomly. To maximize profit and minimize loss the EA uses an advanced trailing stop loss option and trailing step so that the user can control the number of messages sent to the trade server of the broker. The EA does not use any martingale, grid, AI, or Neutral Network, just pure scalping, and HFT trading.
When talking about a trading asset, the forex pair is not the best option, some broker offers indices and other assets with zero spread and commission, such an asset is a sweet spot for the Alien’s EA as spread and commission have a very crucial role in HFT trading.
The expert can be used on any trading asset the functionality of the EA is not limited in any way.
The low spread, low commission asset is more preferably.
Important information:
- Working timeframes: Any (Has no importance)
- No minimal balance
- Broker: ECN, NDD, MM
- Trading assets: Forex majors, Indices
- Recommended using a VPS
Key Features:
- Do not require margin to trade.
- Can be used on other trade assets to.
- Safe strategy.
- Not a martingale.
- Not a Grid.
- No averaging techniques.
- Uses an advanced velocity algorith
The robot typically opens 1-5 trades per day with the recommended settings. However, trades with higher probabilities occur less frequently. If you desire more trades, you can add more symbols(do not forget to change the magic number).
It is always a good idea to test the robot on the demo account for about 1-2 weeks before going to live!