This is very interesting scalping EA: Angry Bird (Scalping) - expert for MetaTrader 4
Some people say that this EA looks like 'modified Ilan1.6' in trading but with more secure features concerning deposit and so on and having the following:
This is the description from the author:
It is EA with features that are very sensitive to movement is equipped with other features including:
Rule: Use Pair With Minimal spreads, one I use EUR / USD With Time Frame 1 Minute.
This is backtesting for 4 days till now with minimal/minimum risk for deposit:
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video July 2013
Sergey Golubev, 2013.07.26 07:24
With this in mind the large majority of successful traders that I have
seen follow anti martingale strategies which increase size when trades
are profitable, never when unprofitable, and these are the methods which
I will be covering starting in tomorrow's lesson.
I traded it on demo today for EURUSD M1 timeframe and USDCHF M1
timeframe. I used LotExponent = 1.4; UseEquityStop = true; UseTimeOut =
true with MaxTradeOpenHours = 3 (other settings are by default). The
statement is attached in zip file.
Do not use this EA during (and immediate before - immediate after) medium/high impacted news events!
Murrey EA - expert for MetaTrader 4
This Expert Advisor is based on Murrey lines, Stochastic oscillator, Candles, Bollinger Bands.
So EA will work good when you take a look at the trend and follow only the trend, disable Short or Long.
Do not risk, because minimum timeframe to EA to work good is M15.
This is interesting indicator coded for MT4 and for MT5 - Hodrick Prescott:
By the way, one of the coder (who coded and placed his version on CodeBase - see links above) is suggesting to use this indicator for scalping on open bar for M1 timeframe.
The interesting EA found: Ketty - expert for MetaTrader 4
This EA is based on the book which was written by Kathy Lien :
Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings :
The coder suggested to use it on GBPUSD M15 timeframe: