Daily Candle Scalper EA

DAILY CANDLE SCALPER is a multicurrencies EA designed to catch the elastic properties of some currency pairs in the forex market. Based on a solid and advanced grid approach with a lot size increaser, based on last 5 years markets behavior and programmed by professional coders, this bot will trade selected pairs stictly following the main trend. This is not a popular grid EA, particular conditions ON DAILY CHART need to be verified before starting to trade. Why daily chart? For more stable and reliable signals, small timeframes can give a large number of fake entry points.

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Recommended:

• Pairs: EURUSD,USDJPY,AUDCHF,GBPNZD,NZDCAD,EURAUD,NZDCHF,EURGBP but you can use custom strategy settings mode to find your best pairs and set
• Broker: any ECN account with low spread and low commissions. My best: ForexChief, IC Markets, Roboforex and VantageFX
• Optimal execution: for best performance, run on a dedicated account on a PC/VPS with low latency to broker server
• Important: expert works analyzing ticks, run backtet in "Every tick based on real ticks" mode
• Minimum deposit 1000 - recommended leverage 1:500

Features:

• Multicurrencies EA: attach on only one chart (EURUSD D1) to trade all specified symbols
• Auto settings mode for recommended pairs or customable settings mode for a full personilized EA
• Solidity of stategy given by DAILY CHART strategy conditions - no small timeframes = no approximate signals
• 5 years solid backtest and live account performance tested on 4 different brokers
  
• Advanced news filter for low, medium, high and NFP impact
• Time, Friday and holidays filter
• Easy to use: simple and clear settings

General configuration

• Set trades comment - comment for trades
• Symbols Option - Chose if trade the current chart or symbols specified in the list
• Selected Symbols - pairs you want to trade separated by comma, prefix and suffix are automatically recognized
• Automatic or custom strategy settings mode - use automatic strategy setting or customize every single parameter
• Order identifier / MAGIC NUMBER - Set magic number for your trades
• Max spread / IN POINTS - Set the max spread allowed to trade, in POINTS
• Stop loss / IN PIPS - Set your SL, in PIPS
• Equity stop loss in percentage - expert will close all positions if losing this value in percentage of the balance
• Profit target for single trade - profit in pips for a single trade
• Profit target for multiple trades - profit in pips if multiple trades 
• Max open trades - The max number of trades the expert will oper for each pairs

Money Management

• Lot size /FIXED or AUTO - Choose if your size will be fixed or auto based on your balance
• Initial fixed size / ONLY IF MM = FIXED - Set size for first trade if your money management type is fixed
• Balance for 1 lot size / ONLY IF MM = AUTO - Set balance needed for 1 lot size. If you set 100000 and your balance is 1000 size will be 0.01 and so on
• Use incremental size - size of trades will be incremented by the first trade size or by a custom size
• Incremental size method - method to increase initial lot size. Can be increased by the first trade size, by a custom size or by a multiplier
• Increase by size - lot size will be increased of this value if Incremental size method is ByPersonalSize
• Size multiplier - lot size will be multiplies of this value if Incremental size method is ByMultiplier

Holidays, Friday and time filter

• Skip holidays period (23 Dic/08 Jan) - Stop trading during holidays period
• Trade on Friday - Allow trading on friday, true or false
• Use time filter / BROKER TIME -  no trade will be opened outside the time interval, true to activate, false to deactivate. Based on broker server time
• From hour - hour of interval start
• To hour - hour of interval end

RSI settings - Only for custom settings mode

• RSI timeframe - Choose the TF to use for RSI indicator
• RSI period - Set RSI period
• RSI Os/Ob level - oversold and overbought RSI levels. Oversold = this value, Overbought = 100 - this value

Trend filter settings - Only for custom settings mode

• Trend timeframe - set timeframe to estabilish main trend
• Moving average period - set period of moving average main trend
• Distance between trades - set minimum distance in pips before next trade