Forex Alisa Trader Expert Advisor review:
Forex Alisa Trader Expert Advisor is an automated Expert Advisor which was successfully tested from January 2014 to April 2015. This first version is adjusted and optimized for EURUSD, M5, but further versions will be adapted for other currency pairs and timeframes (it also works on М15 and М30).
The EA is suitable both for experienced and novice traders. You need only to launch it and set the necessary lot size manually. The default lot is 0.05. You can also set stop loss value: StopLoss parameter sets value in points, SL_ON parameter enables and disables this function.
It can run with any deposit, since only a lot size is important here. Spread value is not critical, but less is always better. The EA works with a deposit of $100-200.
The EA operation is based on thorough analysis of the data received from 6 indicators on 3 timeframes. The EA is trying to enter a position at the beginning of a trend or in the direction of correction, and closes it based on the indicators’ signals.
- No martingale, no grid EA;
- No settings to be configured;
- Very good Risk/Reward ratio;
- No scalping, no hedging;
- Low drawdown;
- Slippage or spread-size doesn’t really matter;
- Works on all brokers;
- No re-optimization;
- Deposit is from $100;
- Lot size is set manually;
- The maximum number of orders opened simultaneously is 4;
- Resilience, since its code contains the mechanism of backup of files, in which the variables used in the program are stored. In case of a failure, trading resumes from the same place automatically.
- Lots – amount of lots (default – 0.05);
- StopLoss– stop loss value in points;
- SL_ON – activation of stop loss setting.
Strategy Tester Result
The results displayed on the screenshots were obtained from January 2014 to April 2015 – EURUSD М5, lot size – 0.05, initial deposit – $200, profit – $5200.
The EA will be constantly optimized if possible. For your questions/comments, please use the Comments tab.
Upon your request we can add notifications to your cell phone about opening and closing orders. Send me your requests. Everything will be taken into account.
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)