Compact Scalper Expert Advisor
Compact Scalper is an Expert Adviser (EA) totally automatic that works by a little period of time each day.
It has an advanced algorithm that use the price like the principal indicator. Our system has a preset Stop Loss and Take Profit, but Its principal close system is, the dynamic close, considers the price where the order was opened and the subsequent behavior of the price, closing the orders when the conditions leave to be the appropriate . Each broker has its operation therefore can not act the same way in all the conditions must be for each independent broker and compact scalper take this into account and act automatically . We have put a little bit parameters to make the use more easy, you can put Compact Scalper in Demo or Live accounts in all the mt4 brokers and the system will calculate the schedule that It have to work automatically . If you are going to make (backtest) put the GMT schedule of your broker in the parameter- GMT Broker.
We recommend using the Compact Scalper on M5 charts
Signals: https://www.mql5.com/en/signals/author/gastor
Signals And Test https://www.mql5.com/go?http://www.myfxbook.com/members/Aida_Chavez
The system complies with the FIFO rules for closing orders.
Recommendations
Control the risk and work with appropriate volumes (lots) to your capital.
Do Backtest of good quality (99.9%).
Whatever consultation that you have you can send us a message that will be answered as soon as possible.
It is recommended to use 0.10 to 0.20 lots per 1000 dollars of your balance if you put more than one currency pair in your account you have to divide the volume between pairs, .... is recommended.
Work only with recommended currency pairs
The recommended currency pairs are the ones we have on our signals.
https://www.mql5.com/en/signals/author/gastor
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What_is_FIFO = FIFO Is the way to shorten the rule (First In First Out) indicating that the positions are closed in the order in which they were opened.
Indicate whether or not your broker uses the FIFO closing rules.FIFO ?= Yes or No
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"Do not change the magic number if there are operations open."
RECOMMENDATION= // "IT IS RECOMMENDED THAT MAKE GOOD QUALITY TESTS (99.9%)""
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"Do not change the magic number if there are operations open."
Number Magic = 311271 // It is recommended to use a different magic number for each chart.
COMMENT=" Comment " // The comment will appear in the operations of the platform you can use it to identify the system.
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X______MONEY_MANAGEMENT____X
"Control Risk %"
Use Risk % //-In true active Risk% by order
Risk % per order //- Maximum risk allowed by Size of the position.
Use Risk -// In true if you want to calculate the lots dynamically
Lot Dynamic -//If you want to calculate the lots dynamically
Lots Fixed.//-Position size
Blog Information: https://www.mql5.com/en/blogs/post/683477
"STOP LOSS" Indicate the degree of distance of stop loss you prefer, the filter is calculated depending on the current volatility.
Dynamic Stop Loss =// Stop_Low // Short Distance
Stop_medium // Media Distance
Stop_High // Long Distance
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X_____ FILTERS____X
Use Filter slow ,medium , fast = true // In true you enable the filters option, it is recommended to use the true option.
Filter Compact_slow // Volatility filters: If the compact slow filter is active the possibility of obtaining more operations in the long term and will be reduced to medium and fast.
Compact_medium
Compact_fast
Max_orders = One_Order // Choose the maximum open orders in the same pair.
Two_Orders
Three_Orders
Function one =// Function one will make the system have more orders in the long run.
Function two =//
Function two reduces the number of orders in the long run but will make order closures more effective.
Max Slippage =// Max slippage allowed
Maximum spread allowed. // Maximum spread allowed to open an order.
Allow new orders every "seconds" // Minimum time allowed to open a new order
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X__________FILTER TIME________X
- Start time -Start time of operations
- Start minute - start time of the transactions.
- End Time-End time of operations
- End minute - final minute of operations
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"X________NEWS FILTER__________X"
ALERT_ = "Before accepting the parameters Add the URL in the list of allowed URLs (Main Menu->Tools->Options, tab \"Expert Advisors\")".
URL
http://www.forexfactory.com/ffcal_week_this.xml
Use news filter ? // Turn on or off the news filter.
Don't operate if it was published a news time ago (minuts) // If there was news within (minutes) do not open operations.
Include high impact news. // Enable or disable high-impact news if it is true the system will not work if there is high-impact news
Include meduim impact news.// Turn on or off the half impact news if it is true the system will not work if there is medium impact news
Include Speaks // Turn on or off conference news if it is true the system will not work if there is conference news.
High Impact Color// Choose the color of high impact news.
Medium Impact Color// Choose the color of the medium impact news.
Display Corner // Display position
