Innovative EA V9.996.3 for MT4 is a fixed lot logic, ATR-based stop management, Donchian channel elements and aggressive recovery (FTG) algorithm created by AlgoTradeSoft. Based on the backtests and inputs provided, it is evident that this EA is not designed for conservative traders.
During testing with an initial deposit of $10,000, the EA produced a net profit of $10,827.34, effectively doubling the amount on the balance. However, the path to that result was far from smooth. The maximum drawdown reached 62.68% ($6,515.99), which is extremely high and must be taken seriously.
This is a system that can produce powerful equity surges—but only if the trader understands the risk structure behind it.
Innovative EA V9.996.3 Recommended Settings
- Currency Pairs: EURUSD, major pairs with stable spreads
- Timeframes: M30 (primary tested TF)
- Minimum Deposit: $5,000–$10,000 recommended
- Leverage: 1:100 or higher
- Account Type: ECN or low-spread account
The test was conducted with a $10,000 initial deposit and fixed lot size of 0.1. Spread was set to 100 when under test conditions suggesting stress testing, rather than the perfect market execution.
As the drawdown exceeded 60%, running this EA on smaller accounts without applying lot size correction will be dangerous at best.
Discover more
MetaTrader 4
Algo Trading
MT5
Features of Innovative EA V9.996.3 for MT4
Innovative EA includes a wide range of adjustable modules:
- Fixed lot or risk-based lot control
- ATR-based Stop Loss logic
- BreakEven functionality
- Trailing Stop logic with slippage adaptation
- Donchian channel-based entry filters
- Volatility filters
- Spread control system
- Slippage protection
- Risk protection on execution
One important note from testing: the EA shows very aggressive equity acceleration toward the end of the backtest. The balance curve transitions from a deep equity decline to an explosive upward movement. This indicates recovery-style behavior, possibly through increasing exposure during adverse movement.
The test statistics show:
- 229 total trades
- Profit factor: 1.94
- Expected payoff: $47.28
- Largest profit trade: $2,678
- 220 consecutive losses recorded in sequence
That last number is critical. The EA can accumulate extended losing sequences before recovery.
Strategy
Innovative EA V9.996.3 seems to be functioning as a breakout or channel-based solution implemented with recovery.
The Donchian channel parameters (Signal Period 25) indicate that entries are trend breakout entries. Dynamic stop sizing is possible due to the ATR-based stop parameters. However, the fact that Take Profit is effectively disabled in some settings suggests that exits are probably handled using trailing logic or internal profit targets.
The most important observation from the backtest is the balance curve behavior:
The equity declines steadily for a prolonged period, approaching near account wipeout territory, before an extremely sharp vertical recovery occurs. This suggests high exposure during recovery cycles, possibly through layered entries.
This is not a smooth trend-following system. It is a high-risk, high-reward structure that depends on eventual market reversal or continuation to recover accumulated drawdown.
Trading Signals
The EA trades based on Donchian breakout-style logic, using internal volatility and spread filters.
When price breaks beyond the level of resistance through channel at acceptable spread and volatility conditions, a buy signal is generated. Sell signals happen when the price breaks below the support level.
The standard configuration on position sizing is held constant in default settings (0.1 lot in testing), but recovery behavior leads to improved exposure.
But there is no need for frequent small scalps to set everything up in the system. Instead it creates positions and waits for bigger directional moves. Yet signal data during ranged conditions, it is found through test behavior, can cause drawdown accumulation to continue before recovery.
Conclusion
Innovative EA V9.996.3 is essentially a high-volatility, fast trading algorithm capable of producing significant profit rise in controlled backtests. In the test tested, it achieved almost twice the profit in a $10,000 account.
Meanwhile, this 62.68% maximum drawdown is a significant red flag for conservative capital investment. The equity curve clearly points to longer periods of underwater followed by rapid recovery episodes.
Personally, Innovative EA V9.996.3 is strong but dangerous if misunderstood. It needs stringent risk management, a smaller lot size and ideally forward testing on demo accounts prior to the live deployment.
