Description

Gecko EA V1.2 MT4

In the fast-paced world of Forex trading, having a reliable and robust Expert Advisor (EA) can make all the difference. Meet Gecko EA V1.2 MT4, a powerful tool designed for MetaTrader 4 that employs a simple yet highly effective strategy to capture market breakouts. This EA is not just another run-of-the-mill tool; it stands out with its unique and advanced execution, ensuring traders a competitive edge in the dynamic Forex market.

Strategy That Shines

Gecko EA V1.2 MT4 zeroes in on recent market highs and lows, capitalizing on breakout opportunities. What sets it apart is the execution of this strategy, which is not only proven but also boasts advanced entry and exit algorithms. The EA employs a meticulously crafted approach that combines simplicity with effectiveness, providing traders with a tool that adapts to market conditions seamlessly.

Sophisticated Trade Management

One of the standout features of Gecko EA V1.2 MT4 is its arsenal of trade management techniques. These include a Trailing Stop Loss (SL) with multiple parameters for control, a “Move to Break-even” option at a specified point with the flexibility to add extra pips, and a Trailing SL based on recent highs/lows. The latter includes the option to run this only until breakeven is reached, offering more room for the full Take Profit (TP) to be achieved.

Additionally, the EA incorporates a Trailing SL based on trade duration, strategically limiting exposure after a move has lost momentum. It’s important to note that this EA is not a scalper and refrains from risky techniques such as grid or martingale. Instead, it employs a strict Stoploss at a safe distance, ensuring a secure trading environment.

Risk Management Excellence

Gecko EA V1.2 MT4 puts risk management at the forefront. Traders have the flexibility to set a specific risk per trade, providing a tailored approach that aligns with individual risk tolerance. The EA has been stress-tested with 99.90% tick data, incorporating variable spread and slippage simulations, ensuring its robustness and reliability under various market conditions.

Versatility and Compatibility

While developed primarily for EURUSD, the most successful pair for breakout strategies, Gecko EA V1.2 MT4 doesn’t stop there. Backtests have shown promising results on multiple pairs without any specific optimization for those pairs. This versatility opens up opportunities for traders to explore different currency pairs, enhancing the EA’s adaptability to diverse market conditions.

The recommended timeframe for optimal performance is H1, and the minimum account balance required is a modest $100. Default parameters cater to EURUSD H1, with additional sets available for GBPUSD, USDJPY, and AUDUSD.

Parameters Tailored to Your Needs

Gecko EA V1.2 MT4 offers a range of customizable parameters to suit individual trading preferences. These include settings for Magic Number, Trade Comment, and Info Panel activation. Lot size settings allow traders to choose between balancing based on Lots Per Balance or risk per trade, offering flexibility according to risk appetite.

For those inclined towards low risk, Lots Per Balance can be set at 200 or higher, while medium risk can be achieved with Lots Per Balance set at 100. For a more aggressive approach, a setting of Lots Per Balance = 50 is recommended. Maximum allowed spread can be adjusted, and the option for a Virtual Stop Loss is available for traders who prefer to keep SL locations confidential.

Key Features

• Safe trading: every trade is protected by a Stoploss
• EA is not sensitive to spread or slippage
• No risk of over-optimization, since no optimization process has been done
• No dangerous money management techniques used like grid or martingale
• High correlation between live trades and backtest trades
• Very high hitrate (>80% of trades are profitable)
• Stress Tested with 99.90% tickdata using variable spread and slippage simulation

Parameters

• EA’s individual settings, like Magicnumber, Trade_comment, infopanel activation
• Lotsize settings: here you can determine how the EA will set the lotsize. Based on balance (Lots Per Balance), or based on risk per trade for example
• For LOW RISK, use Lots Per Balance= 200 or bigger. For MEDIUM RISK, use Lots Per Balance=100. For AGGRESSIVE RISK, use Lots Per Balance = 50
• Maximum allowed spread can be set
• The option for Virtual SL is available for those who don’t want the broker to know the SL location
• Entry parameters: these include (currently) 3 entry models, entry timing, and various parameters to determine the entry’s strictness
• Stoploss and Takeprofit can be set
• TrailingSL can be set, including where to start, stop, size of the TrailSL, and when to modify
• Breakeven settings, with a start parameter, and a parameter for adding extra pips
• High/Low trailingSL can be activated, including option to stop at breakeven
• Time based TrailingSL, which will be activated after X minutes