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Alpha Pointer MT4 (MT4) — review, price and free alternatives
MT4 indicatorfree on MQL5by Kestutis Balciunas
Alpha Pointer MT4 is a free MetaTrader 4 indicator by Kestutis Balciunas on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Alpha Pointer MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Kestutis Balciunas
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Alpha Pointer MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Alpha Pointer Indicator is a non-repainting adaptive trend indicator for MetaTrader 4.
Before you use Alpha Pointer MT4
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Alpha Pointer MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded Alpha Pointer MT4; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 Alpha Pointer MT4 review examines real performance and trading analysis to help you make informed decisions. Alpha Pointer MT4 by Kestutis Balciunas represents a comprehensive automated trading solution for MT4 traders. What sets Alpha Pointer MT4 apart is its balanced approach to trade execution and capital preservation.
Risk notes
Alpha Pointer MT4 implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Kestutis Balciunas
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Alpha Pointer MT4 on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
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Alpha Pointer MT4 or Scalperology AI?
| Alpha Pointer MT4 | Scalperology AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Kestutis Balciunas | FxRobotEasy |
Alpha Pointer MT4 modelled Strategy Tester aggregate
As of July 8, 2026-7.56%
Simulated average ROI
32.93%
Simulated average drawdown
1,152
Simulated trades
0.94
Simulated profit factor
47.0%
Simulated win rate
2
Modelled scenarios
Subject: Alpha Pointer MT4 averaged across FxRobotEasy modelled Strategy Tester scenarios — simulated, not live or broker-verified trading. Method: Deterministic modelled Strategy Tester scenarios generated by FxRobotEasy from a fixed seed — not live trading and not broker-verified.
Alpha Pointer MT4 — questions
What is Alpha Pointer MT4?
Alpha Pointer MT4 is a MetaTrader 4 indicator published on the MQL5 Market by Kestutis Balciunas, and it is listed at no charge. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Alpha Pointer MT4 work on MT4 or MT5?
Alpha Pointer MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Alpha Pointer MT4 free to download?
Yes -- Alpha Pointer MT4 is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-05-07. The file is downloaded from the developer's (Kestutis Balciunas) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for Alpha Pointer MT4?
FxRobotEasy has not traded Alpha Pointer MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Alpha Pointer MT4 elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.