Oktat Forex Expert Advisor for MT4/MT5 – Intraday Range Pullback Trading System

12/16/2022

The Oktat Forex Expert Advisor (EA) is an automated trading system designed for MetaTrader 4 and MetaTrader 5, based on intraday range pullback strategies. It focuses on identifying high-probability entry points within daily price ranges and executing trades in the direction of short-term market trends.

This EA determines the daily price range by identifying intraday high and low levels.

  • Buy signals are generated near the lower half of the daily range,
  • Sell signals are generated near the upper half of the daily range.

By entering trades at optimal pullback zones, Oktat EA aims to capture small but consistent price movements with a high win rate.

The system uses fixed take-profit and stop-loss levels, combined with a time-based exit strategy. All positions are opened only at the beginning of the trading day and are automatically closed at the end of the day, ensuring that no trades are held overnight.

To maintain stable performance and avoid low-liquidity conditions, the EA does not trade on Mondays/Sundays or Fridays/Saturdays.
For correct operation, users must properly configure the Server_GMT_Difference parameter to match their MetaTrader server’s timezone.

Backtesting Performance
A 3-year backtest was conducted on the EUR/USD currency pair, using:

  • H1 timeframe
  • 1.0 standard lot per trade
  • Initial deposit: $10,000

The results showed:

  • Net Profit: $7,940
  • Maximum Relative Drawdown: 14.06%

Due to its optimized intraday logic, the Oktat EA achieves a win rate close to 90%. However, traders should note that the average loss is more than five times larger than the average profit, which is typical for high-probability, small-target trading systems.

Mini FAQ
What stop-loss and take-profit levels does the EA use?
The EA uses:

  • Fixed Stop-Loss: 51 pips
  • Fixed Take-Profit: 8 pips

For better performance, it is recommended to use an even smaller take-profit, provided your Forex broker allows such settings without causing OrderSend Error 130.

How often does the EA trade?
On the EUR/USD H1 chart (optimal configuration), the EA executes approximately one trade per week on average.

How do I set the Server_GMT_Difference parameter correctly?
Set this parameter according to your MetaTrader server’s timezone.
For example, if your broker’s server operates on GMT-5 (New York time with DST off), set the value to -5.

Oktat Forex | MT4
Oktat Forex | MT5

Password:forexsignalpro.net

Disclaimer: Always test the robot on a demo account before using real money. Trading involves risk.