Introduction
Aivex AI Bot is an automated Expert Advisor (EA) designed specifically for the MetaTrader 4 platform. It employs a hybrid strategy combining technical indicators and adaptive logic optimized for making short-term intraday trades. The EA is tailored for London-session scalping, focusing on consistent, disciplined profit capture.
Platform Specification
Aivex AI Bot runs exclusively on MetaTrader 4. It is not compatible with MetaTrader 5 and requires the EA file to be placed into the MT4 MQL4/Experts directory, followed by a terminal restart to initialize the advisor.
Trading Strategy
The core approach is intraday scalping; trades are confined to the London session—typically 08:00 to 17:00 GMT—to benefit from heightened liquidity and volatility. Each trade targets a fixed profit of approximately 10 pips. The system avoids grid or martingale techniques, relying instead on structured risk limits and trade caps.
Indicator Suite and Entry Logic
Aivex AI Bot combines four key technical indicators to confirm entry points:
- RSI (Period 14): Used for momentum confirmation
- Bollinger Bands (Period 20, Deviation 2.0): Identifies volatility breakouts and squeezes
- ADX (Period 14): Filters for strong trending conditions
- Moving Averages (50 & 200): Uses crossover logic (Golden Cross / Death Cross) to confirm trend direction
This multi-layered setup enhances signal reliability and filters out low-probability opportunities.
Risk Controls and Session Enforcement
Key risk-management features include:
- Lot Size: Default minimum is 0.01 lots
- Take Profit: Fixed at around 10 pips
- Stop Loss: Customizable, commonly set to approximately 15 pips
- Max Concurrent Trades: Typically limited to two per strategy
Trading is restricted to configured hours (by default 08:00 to 17:00 GMT) to avoid periods of low liquidity or unpredictable volatility.
Backtest Performance Summary
In extensive historical backtesting—typically with an initial balance of around USD 3,000—the EA delivered:
- Net profit: Over USD 4.9 million
- Win rate: Approximately 98.83%
- Profit factor: Up to approximately 68 (varies by configuration)
- Maximum drawdown: Around 26.13%
Trade counts in those backtests exceeded several thousand, spanning multiple market regimes and showing a smooth equity curve with limited equity dips.
Live and Forward Testing
Forward optimization and demo testing track closely with backtest performance. Demonstrations and challenge evaluations reportedly achieved:
- Daily returns in the range of approximately 0.8% to 1.5%
- Drawdowns remaining under 5% in controlled trading environments
This consistency is linked directly to the EA’s disciplined trade size limits and profit-target structure.
Default Configuration Settings
Typical out-of-box settings include:
| Parameter | Default Value |
|---|---|
| LotSize | 0.01 |
| TakeProfitPips | 10 |
| StopLossPips | ~15 |
| MaxTradesPerStrategy | 2 |
| SessionStartHour | 08 |
| SessionEndHour | 17 |
| RSI_Period | 14 |
| BB_Period / Deviation | 20 / 2.0 |
| ADX_Period | 14 |
| MA_Fast / MA_Slow | 50 / 200 |
All these parameters are fully user-adjustable through the MT4 inputs interface, allowing fine-tuning to account, volatility profile, or broker GMT offset differences.
Suitable Use Cases
- Scalping-oriented traders targeting small, frequent wins during London hours
- Participants in evaluation programs that require conservative trade execution
- Users desiring fully transparent logic with no hidden recovery schemes
- Traders focusing on major currency pairs (EUR/USD, GBP/USD, USD/JPY) and cross pairs such as XAU/USD, depending on configuration
Installation Guide
- Place the EA file (e.g.
AIVEX_AI_BOT_v1.0.ex4) in MT4’sMQL4/Expertsdirectory - Restart MetaTrader 4
- Locate the EA under “Expert Advisors”
- Drag it onto your chart, configure settings via the pop-up window
- Enable “AutoTrading” on the toolbar to start automated execution
Strengths and Constraints
Strengths
- Extremely high win rate observed in structured backtests
- Predictable, consistent profit targeting reduces risk exposure
- Fully transparent and customizable strategy settings
- Strict session and trade limits prevent overtrading
- Optimized for periods of high liquidity, reducing slippage and peak noise
Limitations
- Backtested performance may not guarantee future results
- Potential drawdowns up to approximately 26% during volatile market phases
- Requires correct alignment of broker’s GMT offset to London session settings
- Best performance depends on low-latency execution infrastructure such as a VPS
Customization Options
Aivex AI Bot exposes all major strategy variables in MT4’s input panel. Users can adapt:
- Indicator thresholds (e.g., RSI period, Bollinger Band deviation)
- Risk controls (e.g., stop loss, lot size, max trades)
- Session hours for broker-specific time zone alignment
- Pair selection based on personal preferences or account type
No external DLLs are required in the base version, ensuring streamlined operation and full transparency.
Summary
Aivex AI Bot is a formulaic scalping Expert Advisor engineered for MetaTrader 4, optimized for the London trading session. It melds established indicators—RSI, Bollinger Bands, ADX, moving-average crossovers—with disciplined risk and session filters to deliver consistent intraday profit targeting. While the backtests show remarkable win rates and controlled drawdowns, users are advised to conduct thorough demo trials and align settings with account specifics before deploying live capital.
