Miqas High Frequency Scalper
- Zaky Hamdoun
- Version: 3.0
- Aktualisiert: 3 August 2022
- Aktivierungen: 20
Introduction and Description
Based on the Arabic word "Miqas", translating to "Scissors", this EA represents a scalping robot trader. Indeed, it focuses mainly on the use of mathematical principles of high frequency trading (HFT). This means sending a large number of orders to meet profit targets. Of course, traditional rules of risk management are applied in a very strict manner.Below is a list of the different characteristics of the expert advisor:
- No Martingale, grid or hedging.
- Trend Trading.
- High Frequency Scalping.
- ECN and non ECN compatibility. (To be specified in settings).
- Automatic Spread Check.
- Stoploss and Takeprofit.
- Multicurrency trading compatible.
The traded account should be in accordance with the following requirements:
- Maximum Spread of 20 on the traded pairs. (The more the spread, the lesser the profits). Spread can be variable, Miqas will automatically stop opening trades if the spread goes above 20. It will then start again when conditions are met.
- The broker has to allow high frequency sending of orders, (please contact via DM for suggestions).
- Minimum balance of 1000 USD.
While the EA can trade on most currency pairs, we HIGHLY suggest using EURUSD, M5.
Each EA settings can be explained via DM.
/!\ To change lot size, change the "lots_div" setting.
Example: If the account balance is 10,000 USD wanted starting lot size is 20, then lots_div should be equal to 50, as (AccountBalance / lots_div) / 10 = 20. (10,000 / 50) / 10 = 20.
The EA has been tested on previous data (provided by DUKASCOPY and country's central bank) and is currently being used by many account management companies Backtesting results are on the first and second screenshot. Live testing results are available upon request.
Additional information and Contact
An installation file will be provided with an explanation for each EA settings. An expert advisor configuration file can also be created on demand after buying the product. Please contact via DM or on the support canal. Please ask via DM for explanation PDF. Sometimes, the EA might send the message "Order Modify Error" to the journal. This is totally fine and Miqas is handling it automatically. (The issue is caused by the broker who does not accept extremely fast modification of orders).
Any contact can be made using MQL Market DMs. Commercial partnerships as well. Miqas also has its own help and support channel! Find it here: https://www.mql5.com/en/channels/Miqas_SpectreCapital
Account management services are also available.
Miqas is only sold on the MQL5 market. Any reproduction or claim to be selling it elsewhere is fake and illegal.
Finding a broker that accepts such trading is very complicated, thus explaining the low price of this EA.
the robot makes almost no entries. Is that so ?