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Name: Meta Cove AI
Version: Latest Version
Developer by: Akshay Marjit
The Right Platform: Meta Trader 5 (MT5)
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Meta Cove AI MT5 – Precision Pullback Engine v1.2 for MT5
With over 20 years of trading experience, I can say with confidence that success in the markets comes from using a system that can filter out noise, detect the dominant trend, and only enter trades when high-probability pullback signals appear. That is exactly what MetaCove AI: Precision Pullback Engine v1.2 delivers — a premium Expert Advisor (EA) developed by Meta Cove Technologies, designed exclusively for MetaTrader 5 (MT5).
This EA is engineered to identify low-risk, high-probability pullback entries within trending markets, using multi-timeframe filtering and oscillator confirmations to ensure disciplined and profitable trade execution.
🔹 Multi-Timeframe Trend Filter
Uses Fast/Slow EMAs on higher timeframes to define the master trend.
Avoids trades in sideways or choppy markets.
🔹 Precision Pullback Entry System
Entry logic based on RSI pullbacks and Stochastic crossovers aligned with the trend.
Designed to capture entries with optimal risk-reward during retracements.
🔹 Dynamic Lot Sizing & Risk Control
Lot size calculated dynamically based on equity, ATR-based stop loss, and available margin.
Ensures consistent risk per trade by aligning with a fixed % of account equity.
🔹 Advanced Exit Management
Multi-stage exit: partial profits taken at TP1 based on ATR.
Remaining position managed with Parabolic SAR trailing stop to maximize gains.
Supports scaling out and adaptive stop management.
🔹 Daily Trade Limits & Time Filters
Configurable daily trade limits to prevent overtrading.
Time filters to trade only during preferred sessions (e.g., Indian trading session).
🔹 Modern On-Chart Dashboard
Real-time display of EA status, daily P/L, trade count, master trend status, signal readiness, and Stochastic levels.
✅ High-Probability, Low-Risk Entries – Only trades strong pullback opportunities within the trend.
✅ Smart Capital Management – Dynamic lot sizing and ATR-based SL protect your account.
✅ Maximized Profits – Multi-stage exit system ensures both secured and extended gains.
✅ Overtrading Prevention – Built-in daily trade limits and session filters.
✅ User-Friendly & Transparent – Modern dashboard for clear trade monitoring and decision-making.
EMA (21/50) – Multi-timeframe trend filter to confirm dominant market direction.
RSI (14) – Measures pullback strength and identifies optimal timing for entries.
Stochastic (8,3,3) – Confirms entry signals via crossover aligned with trend bias.
ATR (14) – Provides dynamic stop loss & take profit levels for balanced risk-reward.
Parabolic SAR – Adaptive trailing stop to lock in profits as trades progress.
XAUUSD (Gold), Major Forex Pairs & Trending Assets – Works across volatile and directional markets.
Traders seeking consistency – Built for disciplined, logic-based pullback trading.
Scalping & Intraday Approaches – Optimized for short-term strategies within higher timeframe trends.
Spread Filter – Blocks execution during high-spread periods to reduce trading costs.
Daily Trade Limit Control – Prevents overtrading by capping daily entries.
Margin Verification – Ensures sufficient free margin before placing trades.
Auto-Fail Protection – Suspends operation if any critical indicator fails to initialize.
Name | Fit |
---|---|
Trading platform | Meta Trader 5 (MT5) |
Time frames | Any |
Currency pairs | Any |
Min / Recommended deposit | Any |
Min / Recommended leverage | Any |
VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗