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ALPHA STRIKER EA MT4 – Full Input Settings Analysis
Alpha Striker EA is a Forex Expert Advisor (EA) on MetaTrader 4. It is highly reputed for providing unparalleled performance and stability in trading. This EA, which was released in 2023, has managed to meet the stringent demands of various prop trading companies, such as the $200,000 FTMO challenge achieved in October 2023. It has a track record of consistent 10-12% per month returns over 8 months of trading and turned a $25,000 account into over $71,000 profit
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Trading Logic & Risk Settings
- Live_Funded_Mode: false – EA will not execute on live trading; used on demo or test only.
- AI_Confirmion: false – Does not use AI-based confirmation of trades logic.
- Order_Distance: 50 – Order distance minimum, in points/pips.
- Lot_Increment: 1.0 – Lot size increment with every new order in the sequence (e.g., in grid/martingale strategies).
- RSI: false – RSI indicator is not used for trade signals.
- MagicID: 355 – EA will report and deal in its own name with this one-of-a-kind identification number.
- OrderBlocks: 1 – Potential order blocking for dealing or execution bunching (EA logic-based).
- LOTS: 0.01 – Starting size for the first deal; conservative initial size.
- Compound_Percent: 100 – Puts profit up by 100%. Warning: Extremely risky to use without adequate risk management.
- Max_Order: 15 – Restricts EA to up to 15 deals open simultaneously.
Risk Management & Exit Strategy
- Stoploss_Size: 500.0 – Large stop loss in points/pips, offering a wide risk buffer.
- Takeprofit_Size: 150.0 – Fixed take-profit price, with a medium target reward.
- Auto_Takeprofit: true – EA automatically determines and places take-profit levels.
- UseTrailing_Stop: true – Trailing stop option to shield profits as price keeps moving in the trade direction.
- TrailingStart: 15.0 – Trailing stop is activated when the trade has 15 pips profit.
- Breakeven_Size: 10.0 – Stop loss is shifted to breakeven when trade earns a profit of 10 pips.
Key Takeaways
- The Alpha Striker EA is a powerful forex trading system that provides genuine success and reliability and is perfect for any trader, from beginners to professional traders.
- Specialized for prop firms, this Expert Advisor boasts a very high trader approval rating with traders dedicated to proprietary firm trading and earning rave reviews.
- With its intuitive interface and advanced algorithm, the EA streamlines the trading process, doing away with learning and minimizing wastage of time, thus altering tactics in the changing forex market.