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Alpha Trader is an MetaTrader 5 expert advisor that looks for geometric price patterns on forex pairs and opens trades automatically. Stop-loss, take-profit and trailing stop can be set for each pair.
Get one message the moment it launches, with its price.
Alpha Trader is an automated expert advisor for MetaTrader 5. It analyses price movement using geometric patterns, then opens and manages forex trades without manual input once it is attached to a chart.
The EA scans price action for repeating geometric structures and uses them to choose entry points, including trend continuation and possible turning points. It then manages each position with the protective levels you configure. The developer describes it as adjusting to changing conditions, but you should judge that on your own tests rather than assume it.
Alpha Trader is intended for forex currency pairs. Pick the pairs you understand and that your broker prices with reasonable spreads. The exact timeframes it expects are not listed here, so check the inputs and any notes shown when you load it, then confirm behaviour in the Strategy Tester before trading live.
The developer states that risk controls can be set per currency pair. The exact input names and defaults may differ, so read the Inputs tab after attaching the EA.
| Setting | Purpose |
|---|---|
| Stop-loss | Closes a trade at a set loss to limit the damage from an adverse move |
| Take-profit | Closes a trade at a set target to secure a gain |
| Trailing stop | Moves the stop level as price moves in your favour |
| Lot size and risk | Check the inputs for how position size is determined |
The developer suggests starting from around 1000 USD per currency pair and using larger balances for bigger positions. Treat that as a guide only. Your own risk per trade, leverage and broker conditions matter more, so confirm minimums with your broker and begin on a demo account.
Trading carries risk and you can lose some or all of your capital. Past results, including back-tests, do not predict future ones. Use a demo account first and only risk money you can afford to lose.
Test different parameters on a demo account to see how they fit your trading style before moving to a live account.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) only |
| Strategy focus | Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy tags | Signals, trend |
| Markets | Forex currency pairs |
| Timeframes | Check the input and chart notes after loading the EA |
| Trade style | Pattern-based entries with stop-loss, take-profit and trailing stop |
| Requirements | MT5 terminal with automated trading enabled; a VPS is optional |
| Deposit guidance | Developer suggests starting from about 1000 USD per pair |
No reviews yet. Customers who own Alpha Trader v4 can review it here.
No. It is built for MetaTrader 5 and will not load in MetaTrader 4. You need an MT5 account and terminal.
Any MT5 broker that offers the currency pairs you want to trade can be used. Check spreads, execution speed and whether the account type allows automated trading and the lot sizes you plan to use. Run it on a demo account with the same broker first.
The developer suggests starting from about 1000 USD per currency pair, and more for larger positions. This is guidance rather than a rule, and the right amount depends on your lot size, stop-loss and risk tolerance. Check the inputs and test before going live.
Open MT5, choose File and Open Data Folder, then copy the expert file into MQL5/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart and tick Allow Algo Trading. Also make sure the Algo Trading button in the toolbar is on.
Yes. Stop-loss, take-profit and trailing stop can be adjusted for each pair. Look at the Inputs tab when you attach the EA, and test any change in the Strategy Tester or on a demo account first.
No. Trading carries risk, you can lose money, and past results do not predict future ones.
Alpha Trader v4
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