Fast Track Scalper MT5
This EA is very sensitive to latency and spread. We need an ECN broker with fast execution, tight spread and a low commission.
Recommended market is XAUUSD
For MT4 Version see https://www.mql5.com/en/market/product/76633
- No martingale, grid averaging or no stop loss trading.
- Risks are small per trade.
- An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
- Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and a broker execution speed button.
- Distance - Distance in points price must cover before we contemplate placing an order.
- Multiplier - How many ticks we count when price is moving in one direction to also confirm order.
- Maximum Spread - Allows only trades when market is less than or equal to the spread as input by user.
- Start Hour - On and after this hour the EA will start trading.
- End Hour - On and after this hour the EA will stop trading.
- Stop Loss - Sets the size of stop loss from opening order price in points.
- Take Profit - Sets the size of take profit from opening order price in points.
- Trailing Stop - Sets the size of our trailing stop in points.
- Minimum Profit To Trailing Stop - Sets the size of profit in points that is required before we activate out trailing stop.
Trading Requirements :
With this EA you will lose money if you dont make sure your broker has the following :
High liquid broker
A broker with fastest execution of < 150ms is essential. We use the execution reading button on panel to find brokers speed.
Low spread 0 to 1-2 points (Not Pips but points!)
Stop level 0
Fast VPS with the broker server being as close to your vps server as possible
The best broker would be :
Pepperstone Razor ECN account
Though others are :