Agera EA V1.17 MT5

Introduction

Agera EA V1.17 MT5 is an automated trading Expert Advisor developed for the MetaTrader 5 (MT5) platform. The system analyzes market conditions and executes trades automatically based on predefined algorithm rules. It focuses on identifying trading opportunities around important market levels and managing trades without constant manual supervision.

Key Features

• Fully automated trading system for MetaTrader 5.
• Uses support and resistance levels to identify potential trading zones.
• Applies ATR and RSI filters to evaluate volatility and momentum before opening trades.
• Automatic buy and sell trade execution when strategy conditions are met.
• Built-in risk management including stop loss and take profit.
• Optional position scaling feature to handle market fluctuations.
• Time filter to avoid unstable trading periods such as early Monday sessions.
• Customizable trading parameters including lot size and risk level.

Recommended Settings

• Recommended trading pair: XAUUSD (Gold).
• Recommended timeframe: H4 for stable trend analysis.
• Use low or moderate risk settings depending on account balance.
• Start with small lot sizes to control trading exposure.
• Use brokers with low spreads and fast execution.
• Running the EA on a VPS server is recommended for uninterrupted trading.

Backtest Result

Backtesting of Agera EA V1.17 generally evaluates the EA using historical market data. Backtest reports demonstrate how the EA detects trading opportunities around key price levels and manages trades according to its strategy rules. Results may vary depending on market conditions, broker settings, and EA configuration parameters.

Advantages

• Automated trading reduces the need for constant chart monitoring.
• Support and resistance strategy helps identify important market zones.
• Volatility filters improve signal accuracy.
• Built-in risk management helps control trading exposure.
• Customizable settings allow traders to adapt the EA to their trading preferences.

Disadvantages

• Automated systems cannot guarantee profits.
• Performance may vary depending on market volatility and trend conditions.
• Requires MetaTrader 5 to remain active for continuous operation.
• Incorrect settings may increase trading risk.
• Market events and sudden volatility can affect trading results.

Installation & Setup Guide

1. Download the EA file in .ex5 format.

2. Open MetaTrader 5 and click File → Open Data Folder.

3. Navigate to MQL5 → Experts folder.

4. Copy and paste the EA file into the Experts folder.

5. Restart MetaTrader 5 or refresh the Navigator panel.

6. Locate the EA under Navigator → Expert Advisors.

7. Open the XAUUSD H4 chart.

8. Drag the EA onto the chart.

9. Adjust the EA parameters according to your preferences.

10. Enable Algo Trading to activate the EA.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.