Question 1

What type of strategy does Amalgama EA MT4 use?

Accepted Answer

It is a dual-timeframe counter divergence strategy that calculates divergences of averaged price values on two timeframes and uses tight Bollinger Bands as a confirmation filter. It can trade both with the trend and against the trend.

Question 2

Is it safe to use?

Accepted Answer

It avoids Martingale and Grid methods. However, the default MaxRisk = 10% is quite aggressive. It is recommended to lower this value for safer trading.

Question 3

What is the risk level?

Accepted Answer

Medium to High — due to the 10% default risk setting. The equal SL/TP (500/500) and trailing stop help manage individual trades, but overall risk depends on your lot size and number of open orders.

Question 4

What does the TRUE/FALSE setting do?

Accepted Answer

TRUE: Trades in the direction of the trend (trend-following mode).FALSE: Trades against the trend (counter-trend mode). You can switch between these two modes depending on market conditions.

Question 5

Why are the Bollinger Bands so tight (period 5, deviation 1.0)?

Accepted Answer

The tight settings make the Bands more sensitive to price action, allowing the EA to react quickly to short-term divergences and volatility on the M5 timeframe.

Question 6

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders. Beginners should reduce the risk percentage, start with trend mode (TRUE), and test thoroughly on a demo account first.

Amalgama EA MT4Premium

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