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Gegatrade Pro is an MT4 expert advisor that opens a first trade expecting price to return inside a channel, then adds averaging orders at support and resistance levels. It includes a news filter, optional hedging and a drawdown alert.
Get one message the moment it launches, with its price.
Gegatrade Pro is an expert advisor for MetaTrader 4 that works on the idea that price often moves back toward the middle of a trading channel. It opens a first trade on that basis and, if price keeps going against it, adds more orders in the same direction using support and resistance levels to space them.
The EA starts with a single order and a defined take profit. If price returns, the trade closes and the cycle begins again. If price leaves the channel and keeps moving, the EA builds a basket by adding orders in the same direction at distances based on its own calculations and on support and resistance levels found on a timeframe you choose. When price pulls back far enough, the whole basket is closed together.
This is a cost-averaging method. It can work well when price oscillates, but a strong trend can leave many orders open against the market at once.
A built-in news filter can pause trading around important events. You choose which currencies to watch and set pause times before and after events. A separate option stops new averaging orders while a news event is active.
An optional hedge opens opposite trades whose size is a percentage of each main level. You choose the level where hedging starts, a separate magic number for these trades, and the profit in pips at which the hedge and main basket close together.
The EA is built for forex pairs on MT4 and runs on one chart per instance. The timeframe for support and resistance is an input, so the chart timeframe is less important than that setting. The vendor suggests low-spread ECN conditions and a maximum spread of about 10 points or less. Check how your broker quotes spreads, since digits and point sizes differ.
The input list is long. These are the main groups; confirm defaults and exact names in the terminal after loading the EA.
| Group | What it controls |
|---|---|
| Money management | Fixed lot or balance-based sizing, start balance, lot size and risk percentage |
| Support and resistance | Use of levels, timeframe, minimum distance and starting level for long and short |
| Level distances | Minimum distance in pips between levels one to ten, per direction |
| Exits | Take profit, optional stop loss as a percentage of balance, trailing start, step and room |
| Trade control | Trading direction, maximum spread, pause switches, pause at a chosen level |
| News | Currency list, pause timers, basket pause on news, GMT offset of the broker |
| Hedge | Counter trade lot percentages, start level, magic number, closing target |
| Schedule and alerts | Monday start time, Friday end time, drawdown alerts by push or pop-up |
Set the broker GMT offset correctly, or the news timing will be wrong. Use a unique magic number for each chart.
Trading carries risk and past results do not predict future ones. Averaging into a losing direction can build large open positions and deep drawdown. Test on a demo account, use lot sizes you can afford, and set stop and alert limits before trading live.
For continuous operation, many users run the EA on a VPS so that the terminal stays online during news and across the weekend gap.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy | Channel return with cost averaging at support and resistance |
| Trade style | Basket of same-direction orders, closed together |
| Markets | Forex symbols; check your broker's symbol list and spreads |
| Timeframes | Runs on one chart; support and resistance timeframe is an input |
| Broker type | Low-spread ECN account suggested |
| Requirements | Algo trading enabled, stable connection, ideally a VPS |
No reviews yet. Customers who own Gegatrade Pro can review it here.
No. This listing is the MetaTrader 4 build and will not load in MT5. If you trade on MT5, look for a product made for that platform instead.
The approach depends on tight spreads, because the EA has a maximum spread input and opens several orders in a basket. A low-spread ECN-style account is generally the better fit. Check your broker's typical spread, commission, stop level and whether hedging is allowed before going live.
The vendor suggests a starting balance of around 3000 USD. Averaging systems can hold several open orders at once, so the right amount depends on your lot size, the number of levels used and how much drawdown you can accept. Test on a demo account first and review the money management inputs.
Extract the downloaded archive and copy the expert file into the MQL4 Experts folder through File, Open Data Folder in MT4. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and enable Algo trading. Check the news filter instructions in case a web address must be allowed under Tools, Options, Expert Advisors.
Yes. There is a trading direction input, and separate pause switches for long and short trades and for the averaging step in each direction.
The EA has a work mode input that switches between back-test and live behaviour. Back-test results depend on data quality and spread assumptions, and past results do not predict future ones.
Gegatrade Pro
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