Alpha Gen EA v1.9 MT4 + Setfiles | Non martingale & Original

Alpha Gen EA – Gold Pending-Order MT4 Expert Advisor for XAUUSD

Alpha Gen EA is an MT4 Expert Advisor built around pending-order placement on XAUUSD, entering trades at documented support, resistance, and pivot levels on the H1 timeframe. The strongest available evidence is a 14-year backtest (2010–2024) on XAUUSD H4 at 90% modeling quality, showing a profit factor of 1.61 and a maximum drawdown of 10.32% on a $10,000 starting deposit. No verified live account proof was found; this EA should be treated as backtest-supported only.

Key Highlights

• ✅ Pending-order strategy placing entries at support, resistance, and pivot levels — not a scalper or grid system
• ✅ Trades XAUUSD H1 primarily; US30 and BTC presets included but official multi-symbol support is unconfirmed
• ✅ Per-trade stop loss and trailing stop documented across all reseller sources
• ✅ Built-in spread filter deletes pending orders when spread exceeds set threshold
• ✅ MT4 Build 1455 or higher; ECN/STP broker with XAUUSD spreads below 15 pips strongly recommended

Performance Results

The primary backtest covers XAUUSD H4 from January 2010 to August 2024 — over 14 years — using the every-tick method at 90% modeling quality. Starting from a $10,000 deposit, the test recorded a net profit of $512,560, a profit factor of 1.61, and a maximum drawdown of 10.32% across 22,728 trades. The test was run with a spread of 16, which is above the commonly recommended threshold of below 15 pips.

A second backtest on the same 2010–2024 period using a $1,000 starting deposit recorded a profit factor of 1.38, a maximum drawdown of 8.19%, and a win rate above 87%. A third run with a $500 deposit reached a maximum drawdown of 23.78% — an outlier result driven by aggressive lot-scaling settings. Treat that third result as a boundary test, not a representative performance case.

No public Myfxbook, FXBlue, or MQL5 Signal record for Alpha Gen EA was found. All results above are backtests, not live account records. Backtest results may differ from live trading due to spread variation, slippage, and execution differences. Demo testing is required before risking capital.

How It Works

Strategy: Pending-order system for XAUUSD on H1, placing buy-stop and sell-stop orders at identified support, resistance, and pivot price levels. The EA waits for price to reach pre-placed orders rather than entering at market.

Entry: Pending buy-stop and sell-stop orders placed around key levels. Activation occurs when price reaches the pending order trigger. Order frequency is controlled by the Every_X_hour parameter (set to 1 in primary backtest).

Exit: Primary exit via take profit target (TP set to 1000 in primary backtest). Trailing stop activates at the Start_tral threshold (280 in primary backtest) and trails at 140 pips. Unfilled pending orders are deleted at 22:00 server time.

Risk Control: Fixed stop loss per trade at 260 pips in primary backtest. Trailing stop provides a dynamic exit as trades move in favour. Max pending orders capped at 20. Spread filter deletes orders when spread exceeds threshold. Starting lot 0.01 used across all documented backtests.

✅ Best conditions: Active gold market with clear level structure • Broker spread consistently below 15 pips • VPS for uninterrupted pending-order management.

⚠️ Caution: High-spread environments during news events • Aggressive FixRatio_Delta settings (as seen in the $500-deposit backtest) that scale lots rapidly.

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• Gold traders who want a rules-based pending-order system rather than a market-execution scalper
• MT4 users with access to a low-spread XAUUSD broker and a VPS for consistent order management
• Traders comfortable with backtest-only evidence who can complete 90+ days of demo validation before going live

✅ Best results when:

• XAUUSD spreads remain consistently below 15 pips with stable broker execution
• EA is configured with the correct SET_THIS_INPUT_TO_1000 value and conservative 0.01 lot sizing from launch

This EA is not suitable for traders who require verified live account proof before purchase — no public Myfxbook, FXBlue, or MQL5 Signal record for Alpha Gen EA currently exists. It is listed in our MT4 Expert Advisor collection alongside other gold and forex strategies.

Download Package Included

• ✅ Experts:
  • Alpha Gen v1.9.ex4 (MT4, NoDLL/Fix)
• ✅ Presets:
  • BTC.set
  • US30_No_tight_SL__1.set
  • US30_Tight_SL__1.set
  • Signal_set.set
  • NEW_Second_set.set
  • Second_set.set
  • US30_AG_2.set
  • US30_AG_1.set

Product download link is sent immediately via email after purchase.