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Recommended Settings for Scalping Master

2 April 2019, 14:23

Ashraf Ghasan

120

Thanks for Choosing Scalping Master :)

There are 4 types of Settings I will show you here and 2 Modes for the EA ( Aggressive and Conservative )
So you can combine any one of the 4 settings with any of our 2 modes , that makes different 8 sets of options

The settings could be either High risk , Medium risk, Low risk or Low risk with Martingale

The common settings are the same for 4 types , the only difference is the number you enter in " Risk % of Balance "

In the attachments you can find a set file with the recommended common settings for each settings of the following

1- If you want High risk then make "Risk % of Balance" = 20 % ,, The Least deposit for this approach is 125 USD

2- If you want Medium risk then make "Risk % of Balance" = 10 % ,, The Least deposit for this approach is 250 USD

3- If you want Low risk then make "Risk % of Balance" = 5 % ,, The Least deposit for this approach is 500 USD

4- If you want Low risk with Martingale then make "Risk % of Balance" = 5 % AND Enable Martingale in Settings ,, The Least deposit for this approach is 500 USD

>> You can Select any of the above settings with our 2 main Modes ( Aggressive or Conservative )

>> I Recommend 2 Sets :-

First Set : (Aggressive) And (Low risk with Martingale)

it combines low risk settings with Martingale

The least balance for this approach is around 500 USD or equivalent

These settings change according to your deposit and your currency

* Here the settings for 500 USD

You use Default settings coming with EA ( you can get it by clicking on Reset button in the settings) with :

*Mode = Aggressive
* Risk % = 5 %
* Max Trades = 1 or 2
* Martingale = on
* Max Martingale Trades = 3
* Step = 60
* Accumulative Stops = True
* Accumulative TP = 1
( This parameter in currency and it's modified upon your deposit and ur currency but generally it should equal 10 pips from your original trade , my Balance = 500 so my calculated lot size upon risking 5% is 0.01,
so 10 pips equal 1 $ nearly )

* Accumulative SL = 125
( This parameter also in Currency and it needs to be 25% of your balance to let a space for all Martingale trade )

* High News =True
* NFP News = True

There's a difference between normal TP at the beginning of the settings and the accumulative TP in the Martingale settings
The first one is in pips and it always 10 whatever your deposit
But the last one is in Currency and it should equal in currency what's equivalent to 10 pips , that's depend on you risk , Deposit and currency
So if you have 1000 EUR and you risk 5% with default settings ( TP=10 & SL= 250 ) so your trade size will be somewhere around 0.02 , If you earn 10 pips with 0.02 lot then it will be somewhere around 2 Euro or Dollars , So Accumulative TP = 2