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Alita EA is a MetaTrader 4 expert advisor that places stop and limit orders in a grid, filtered by RSI, ATR, spread, time of day and news. It is designed for EURUSD and GBPUSD on M5.
Get one message the moment it launches, with its price.
Alita EA is an automated trading tool for MetaTrader 4 that works with a grid of pending orders. It combines RSI and ATR filters with spread, time and news controls, and it is aimed at EURUSD and GBPUSD on the M5 chart.
The EA places pending stop and limit orders at set offsets from the current price and spaces further orders by a grid distance in pips. RSI overbought and oversold levels help decide when orders are placed, and separate ATR limits for buy and sell orders stop new entries when volatility is above the value you choose. Pending orders also have an expiry time in minutes, so stale orders are removed.
The number of buy and sell orders is capped, which limits how deep a grid can build. Because grid systems can hold several positions in the same direction, the size of these caps matters for your exposure.
There is also an option to close profitable trades at a chosen time, and an optional cut-loss in percent or money.
The suggested pairs are EURUSD and GBPUSD on M5. Use the settings that match each pair rather than one set for both. A low-spread ECN account is preferred, and leverage in a wide range is described as workable. Check your broker's conditions before going live.
| Group | What it controls |
|---|---|
| Basic | Fixed lots, maximum spread, stop and limit offsets, grid distance, RSI levels, ATR limits, order caps, order expiry |
| TP mode | Take-profit type, percent or money target, auto divisors, timed close of profits |
| Cut loss | Off, percent of balance or fixed money |
| Hours filter | Two trading periods with start and end times |
| Weekday filter | Allow or reject each weekday |
| News filter | Source, low, medium, high and NFP windows before and after events, chart lines, currency-only option, time zone |
Default values are not listed here, so check the inputs in your terminal and the supplied presets before trading.
Trading carries risk, and past results do not predict future ones. Grid strategies can accumulate open positions during strong trends. Test on a demo account, size lots to your balance and use the news and cut-loss options with care.
For steady operation, run the terminal on a VPS and set the news filter at least for high-impact events and NFP.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Grid, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, expert advisor |
| Trade style | Grid with momentum and volatility filters |
| Suggested pairs | EURUSD and GBPUSD |
| Suggested timeframe | M5 |
| Account type | Low-spread ECN accounts are preferred |
| Lot sizing | Fixed lots, with automatic take-profit scaling by balance |
| Requirements | WebRequest enabled for news, broker GMT offset, VPS advised |
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No. This listing is the MetaTrader 4 version and runs only in MT4. It will not load in MT5, so check which platform your broker account uses before buying.
The suggested setup is EURUSD and GBPUSD on the M5 chart. Each pair normally needs its own settings, so load a suitable .set preset for the symbol you attach it to and test it on a demo account first.
The news filter downloads calendar data. In Tools, Options, Expert Advisors you must allow WebRequest for the listed URL and add the news calendar address supplied with the product. Without it the news filter cannot work.
A low-spread ECN-style account is recommended, since the EA has a maximum spread filter and a grid depends on tight execution. A starting balance of around 500 USD is suggested, but confirm the figure for your lot size and risk settings by testing.
A VPS is recommended because the EA manages pending orders and news windows and needs the terminal to stay connected. It is not a technical requirement, but interruptions can affect how the grid behaves.
Enter your broker's GMT offset in the time zone parameter used by the news filter. If the offset is wrong, news exclusion windows will fall at the wrong times, so check it against your broker's server time.
Alita EA MT4
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