perceptrader AI

Perceptrader AI – Power of Artificial Intelligence for MT4 EA

Perceptrader AI is an Expert Advisor that uses a grid system of orders with artificial intelligence capabilities, deep learning algorithms and neural networks, which in itself sounds beautiful, but generates a lot of skepticism among experienced traders. The author claims to integrate the strategy from the already known Waka Waka robot into the EA algorithm, supplementing it with artificial intelligence ChatGPT and Google’s Bard AI for predicting market movements, as well as the Unique Trades function, which ensures that no trades are exactly the same for different traders.

Сharacteristics of the Perceptrader AI MT4 EA
Official website: perceptrader-ai
Platform: Metatrader4
EA version: 1.73
Currency pairs: NZDUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, GBPCHF
Trading Time: Around the clock
Timeframe: M5
Minimum deposit: $1000 (or 1000 USD cents)
Recommended broker: Roboforex, XM, FBS
Trading algorithm
As I mentioned above, the Perceptrader AI trading algorithm is based on a strategy borrowed from Waka Waka, which in turn is based on Bollinger Bands and RSI indicators in combination with a grid of orders. But here we also have neural networks with artificial intelligence. In general, it seems to me that the author has cheated a bit and presented us the modernized Waka Waka EA as a completely new Expert Advisor. But let it be on his conscience.

Short video review by P. Aleksandrov:

Official website ➔ Perceptrader AI

Testing
Initially, the author offers a set of files designed for a starting deposit of 10000 units. That is why I tested with this deposit. I tested with the set files without AI filter, as I did not see a big difference in deposit growth, rather on the contrary – the AI filter underestimated the results of the tests by profit. I tested only two pairs, as I assume that the results will be similar for the rest, if the grid does not fail as on NZDUSD (see the test below). In any case, you can test it yourself using TDS2 software:

AUDNZD Standard Mode 5 Pairs High Risk 2008-2023AUDNZD-Standard-Mode-5-Pairs-High-Risk-2008-2023

AUDNZD Unique Mode 5 Pairs High Risk 2008-2023AUDNZD-Unique-Mode-5-Pairs-High-Risk-2008-2023-10k

AUDNZD Unique Mode No Limits High Risk 2008-2023AUDNZD-Unique-Mode-No-Limits-High-Risk-2008-2023-10k

USDCAD Standard Mode 5 Pairs High Risk 2008-2023Perceptrader-AI-USDCAD-Standard-Mode-5-Pairs-High-Risk-2008-2023-10k

USDCAD Unique Mode 5 Pairs High 2008-2023Perceptrader-AI-USDCAD-Unique-Mode-5-Pairs-High-Risk-2008-2023-10k

USDCAD Unique Mode No Limits High Risk 2008-2023Perceptrader-AI-USDCAD-Unique-Mode-No-Limits-High-Risk-2008-2023-10k

NZDUSD Standard Mode 5 Pairs High Risk 2018-2023NZDCAD-Standard-Mode-5-Pairs-High-Risk-2008-2023-10k

As you can see, not always and artificial intelligence with neural network can protect your deposit from collapse.

MyFXBook presents the following accounts for public viewing:

PAI Standard Mode 5 Pairs
Perceptrader AI – Power of Artificial Intelligence for MT4 EA

PAI Unique Mode No Limits
Perceptrader AI – Power of Artificial Intelligence for MT4 EA

PAI Unique Mode 5 Pairs
Perceptrader AI – Power of Artificial Intelligence for MT4 EA

PAI Unique Mode 5 Pairs with AI Filter
Perceptrader AI – Power of Artificial Intelligence for MT4 EA

In general, you can see positive dynamics and profit in trading the Expert Advisor, but do not forget that this is the Grid and the loss of deposit is not avoidable, no matter what AI and neural networks would not be involved. Therefore, keep this in mind and be sure to withdraw your profits in a timely manner.

The EA is not influenced by spread and slippage, although I recommend utilizing a reputable ECN broker.

Ensure that the EA operates continuously on a VPS.

If your account has a leverage of only 1:30, it is advisable to avoid using settings higher than low risk on an account with less than $6000 to prevent potential issues with free margin. However, if your leverage is 1:100, you should be fine using significant risk settings on an account with $1000.