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Experts

555 Scalper - expert for MetaTrader 4

Aharon Tzadik
Views:
19945
Rating:
(18)
Published:
2018.12.04 20:03
Updated:
2024.02.07 02:03
555 Scalper.mq4 (92.45 KB) view
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555 Scalper EA trades with two 5 period exponential moving averages has Trailing Stop Loss &Take Profit works on 5 minute time frame major forex pairs and stocks NASDAQ.

Try it on demo first.

 

If you do not want to trade with increasing lot size when you lose  a trade set:"IncreaseFactor=0"

Inputs

  •  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
  •  TP_In_Money- Take Profit In Money   (values: 10-100).
  • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
  • TP_In_Percent- Take Profit In Percent (values: 10-100).
  • ------------[Money Trailing Stop For Multiple Trades]----------------------
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 25-200).
  • Stop Loss In Money(in current currency) (values: 1-20).
  • --------------------------------------------------------------------------------------
  • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
  • tick=If "tick"=false-every tick\If "tick"=true -open prices  (values:true/false).
  • Lots - Lots size (values: 0.01-1).
  • Lots size Exponent  (values: 1.01-2).
  • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
  • CandlesToRetrace= Num.Of Candles For Divergence  (values: 10-100).
  • Stop_Loss - Stop Loss (values: 30-500).  /set value 600 for  Multiple Trades
  • MagicNumber - Magic number (values: 1-100000).
  • TakeProfit - Take Profit (values: 50-200).  /set value 600 for  Multiple Trades
  • FastMA - Fast Moving Average (values: 1-20).
  • SlowMA - Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
  • ---------------------CONTROL DRAW DOWN-----------------------------
  • UseEquityStop -  (values: true).
  • TotalEquityRisk- (values: 0.01-20).
  • -------------------------------------------------------------------------------
  • Max_Trades(1-12). 
  • FractalNum= Number Of High And Low(values: 1-10).
  • ----------------IF YOU USE ONLY 1 TRADE:-----------------------
  • /////////////////////////////////////////////////////////////////////
  • USETRAILINGSTOP-If use trailing stop (values:true/false).
  • WHENTOTRAIL-When to trail (values: 40-100).
  • TRAILAMOUNT-Trail amount (values: 40-100).
  • Distance From Candle -Distance From Candle (values: 1-100).
  • USECANDELTRAIL=If use trailing stop (values:true/false).
  • X=2-number of candles (values: 1-100).
  • USEMOVETOBREAKEVEN-Enable " break even " (values: true/false).
  • WHENTOMOVETOBE-When to move break even (values: 1-30).
  • PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
  • ////////////////////////////////////////////////////////////////////////

      You need to optimize this EA once  a month and use the exact same  inputs from above .

      You can use it as  hedging grid EA or a single trade EA.


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