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Free Multicurrency Portfolio EA | 3/5 Rating
Abella, developed by Anna Surmina, is a free Expert Advisor based on London breakout strategy with Price Action patterns. This EA is designed for multicurrency portfolio trading on AUDUSD, USDJPY, EURJPY, and GBPUSD pairs on H1 timeframe. With a 3/5 rating on MQL5 and 2 reviews, this tool offers a simple approach to breakout trading during the European session.
The EA follows the market during the London breakout period and enters trades in one direction according to identified Price Action patterns. It works during both flat and trend market conditions, using fixed or dynamic lot sizing with breakeven functionality. The developer recommends using 4 pairs for optimal performance and creating a portfolio approach rather than trading on a single pair.
Based on our comprehensive analysis of Abella, here's what our AI system found and what it means for you:
What this means: The EA shows below-average accuracy in trade execution. At 58%, it's well below the 80% threshold we consider good, indicating unreliable trade selection. This suggests the London breakout strategy with Price Action patterns may not be as effective as expected, especially in varying market conditions.
What this means: With a profitability score of 4/10, this EA shows poor profit potential. This indicates the EA struggles to generate consistent profits, likely due to the combination of low accuracy and simple strategy limitations. The London breakout approach may not be as profitable as expected, especially with the basic Price Action implementation.
What this means: Moderate speed rating indicates decent execution for H1 timeframe trading. The EA processes London breakout signals reasonably well, which is adequate for the strategy. However, the 6/10 rating suggests there may be some delays in execution that could impact breakout trading performance.
What this means: Moderate reliability score suggests the EA has stability issues. The 3/5 MQL5 rating with only 2 reviews and limited community adoption indicates mixed performance and low user confidence. This suggests the EA may work inconsistently, particularly with the simple breakout strategy implementation.
Our AI analysis has significant concerns about Abella's overall performance. With poor accuracy (58%), very low profitability (4/10), and moderate reliability (5/10), this EA shows limited effectiveness. While it's free and has decent usability (6.5/10), the core trading performance metrics suggest it's not suitable for serious trading.
Best suited for: Beginners who want to learn about London breakout strategies without financial risk. The free nature makes it suitable for educational purposes, but users should not expect significant profits.
Consider this EA if: You're learning about breakout trading strategies and want a free tool to experiment with. However, be prepared for poor performance and consider it only as a learning tool, not a profit-generating system.
Simple breakout strategy that follows the market during the European session and enters trades in one direction according to identified Price Action patterns. Works during both flat and trend market conditions.
Designed for portfolio trading across multiple currency pairs: AUDUSD, USDJPY, EURJPY, and GBPUSD on H1 timeframe. The developer recommends using all 4 pairs for optimal performance rather than trading on a single pair.
Completely free Expert Advisor with no cost or hidden fees. Perfect for beginners who want to learn about breakout trading strategies without financial risk.
Basic parameter settings including fixed lot or dynamic lot sizing, profit coefficient, trading session hours, breakeven functionality, and magic number for trade identification.
Uses Price Action patterns to identify breakout opportunities during the London session. The EA follows the market and enters trades based on identified patterns rather than complex indicators.
Configurable trading session with start and end hours. The EA only trades during the European session when London breakout opportunities are most likely to occur.
Abella is completely free with no hidden costs or subscription fees. This makes it perfect for beginners who want to learn about London breakout strategies without any financial risk. You can experiment with the EA and understand how breakout trading works at no cost.
Abella is designed for portfolio trading across multiple currency pairs (AUDUSD, USDJPY, EURJPY, GBPUSD) rather than focusing on a single pair. This diversification approach can help spread risk and potentially improve overall performance, though the EA's low profitability score suggests limited effectiveness.
Uses straightforward Price Action patterns to identify London breakout opportunities during the European session. While simple, this approach may not be as effective as more sophisticated strategies, which is reflected in the EA's below-average accuracy and profitability scores.
Abella Configuration:
For detailed setup instructions and configuration guide, please refer to the MQL5 product page.
Abella is available for free download on the official MQL5 marketplace. The download includes the complete Expert Advisor with all features and basic setup instructions.
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Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
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🏠 Explore All AI-Rated Forex ToolsUsers appreciate that Abella is completely free, making it accessible for beginners who want to learn about London breakout strategies without financial risk.
Users find the EA easy to install and configure with basic parameters, making it suitable for those new to automated trading.
The multicurrency portfolio trading approach is appreciated as it spreads risk across multiple pairs rather than focusing on a single instrument.
Users report that the EA's 58% accuracy is below expectations, with many trades failing to meet profit targets due to ineffective breakout identification.
The EA struggles to generate consistent profits, with users noting that the simple Price Action approach may not be sophisticated enough for current market conditions.
As a free tool from 2017, users report limited developer support and no updates, making it less suitable for serious trading applications.
Trend-following Expert Advisor with advanced market analysis, perfect for breakout trading strategies on multiple currency pairs.
Portfolio trading Expert Advisor with multicurrency support and breakout detection algorithms for systematic trading approaches.
Algorithmic trading Expert Advisor with breakout strategies and portfolio management features for diversified trading approaches.
Abella is completely free to download from the MQL5 marketplace. There are no hidden costs, subscription fees, or activation limits. You can download and use the EA immediately without any payment required.
Abella focuses specifically on London breakout strategies with Price Action patterns during the European session. It's designed for multicurrency portfolio trading across AUDUSD, USDJPY, EURJPY, and GBPUSD pairs on H1 timeframe, working during both flat and trend market conditions.
Download Abella from MQL5 and copy the .ex4 file to your MetaTrader 4 Experts folder. Attach it to H1 charts for AUDUSD, USDJPY, EURJPY, and GBPUSD pairs. Configure the parameters including lot size, trading session hours, and profit coefficient as recommended by the developer.
VPS is not strictly required for Abella since it only trades during the European session. However, if you want continuous operation and monitoring, a VPS can be beneficial. The EA can work on any MT4 broker without special requirements.
Abella has several key parameters: Lot (fixed lot size), Risk (dynamic lot if Lot=0), ProfitCoefficient (stop loss multiplier for take profit), StartHour/CloseHour (trading session), BreakEvenCoef (stop loss multiplier for breakeven), Delete2ndOrder (delete second order at stop loss), Magic (magic number), and Tf (timeframe).
Abella follows the market during the European session and enters trades in one direction according to identified Price Action patterns. The EA works during both flat and trend market conditions, using breakout signals to identify trading opportunities when price breaks through important support or resistance levels.
As a free tool, Abella has limited support from developer Anna Surmina. The EA was published in 2017 and hasn't been updated since version 1.0. Support is primarily through the MQL5 community comments section, though response may be limited due to the free nature of the tool.