Algo Plus EA
Price-action FU Candle EA · 7 pairs + Gold · M1 · No position doubling · MT4
About Algo Plus EA
The Algo Plus EA is a state-of-the-art, price-action-driven Expert Advisor for MetaTrader 4, distributed via Etsy, thetradelovers.com, and theforexgeek.com, trading multiple currency pairs plus Gold (XAUUSD). It trades selectively in high-volatility markets, specifically executing during rapid moves or liquidity sweeps known as "FU Candles" — a deliberate quality-over-quantity approach rather than trading every day.
Recommended pairs include EURUSD, GBPUSD, GBPJPY, EURCHF, USDJPY, USDCHF, and EURJPY on the M1 timeframe, with a minimum recommended deposit of $1,000. The EA does not use any dangerous trading methods like position doubling, and is compatible with NFA, FIFO, and MT4 Build 600+, supporting ECN brokers. A backtest on the GBPJPY M1 chart showed a net profit of $86.43 from a $100 deposit, with a profit factor of 4.56 across 72 trades.
- Platform: MetaTrader 4 (Build 600+, NFA/FIFO compatible)
- Pairs: EURUSD, GBPUSD, GBPJPY, EURCHF, USDJPY, USDCHF, EURJPY, XAUUSD
- Timeframe: M1
- Strategy: Price-action FU Candle detection — selective, quality-over-quantity
- Risk approach: No position doubling
- Backtest: $100→$186.43, profit factor 4.56, 72 trades (GBPJPY M1)
- Min deposit: $1,000
- Source: theforexgeek.com · Algo Plus EA Review