Algo Plus EA is a very short and fast trading MT4 FREE Download Robot that trades based on price action. It’s a high-frequency algorithm. It won’t trade daily, so do not panic if it doesn’t open trades in a week. It will only trade during high frequency, i.e. high volumes/volatile. When the market moves quickly in one direction or does a quick liquidity sweep (FU Candle), that’s when Algo Plus trades.
It can trade with a fixed lot or use an auto lot and increase the transaction size automatically according to the specified criteria. This EA impresses with its profit even on tiny deposits and has a low maximum drawdown when trading. It does not use dangerous trading methods like martingale, grid, etc. All transactions are always protected by a small Stop Loss.
Algo Plus will mainly trade GBPJPY and GBPUSD as they are the most volatile. Other pairs will open trades very rarely. However, this algorithm is proven consistent in the long term.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how the Algo Plus Robot works, then only use it in a real account.
Recommendations for Algo Plus EA
- Minimum account balance of 100$ for one pair.
- Work Best on EURUSD, GBPUSD, GBPJPY, EURCHF, USDJPY, USDCHF EURJPY and XAUUSD pair. (Work on any pair)
- For more activity, you can run on the H1 chart. However, It Works Best on M1 Timeframe.
- To maximize the use of Algo Plus, we recommend running it on 7-8 pairs on the M1 chart.
- Stop Loss should be 3 – 5 pips max, 3 pips recommended. Maximum spread set to 1.2 – 2.3 pips max, 1.3 recommended.
- This MT4 FREE Download EA should work on VPS without interruption with very low latency to reach stable results. So this EA MUST RUN ON A low latency VPS below 10ms. (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread account is also a Must for this EA(Find the Perfect Broker For You Here)
Input Parameters of this MT4 FREE Download
- Lots Per 1000: This is the lot size Algo Plus will take per 1000 USD balance. As your balance increases by +1000, your lot size will be increased by + whatever lot size you set. We recommend leaving it as 0.3 per 1000.
- Lot Size: If the above is set to 0, the lot size entered here will be taken
- Stop Loss: This is your SL when the trade executes. This will also be your trailing stop. We highly recommend leaving it as default 3.
- Minimum Lots: This is the minimum lot size Algo Plus will take.
- Maximum Lots: This is the maximum lot size Algo Plus will take.
- Maximum Spread: This is the most important parameter. Leave this as default 1.2. You want Algo Plus EA to execute trades while the spread is at its lowest, as this is an HFT-based Algorithm. ECN and lowest spread accounts are highly recommended. 1.2 spread for EURUSD and for GBPUSD maximum spread 2.3. If the spread is set higher, there are chances of loss as the spread can trigger losses. Best to back-test with different spread settings first before you run the algorithm.
- Magic Number: If you are running Algo Plus in 2 different charts, change this number to a different number in the second chart.