The Mrg SPEED SCALPER Expert Advisor is a price action scalper that trades speed tick data aggressively.
This EA represents fully automatic direct execution, no hedging, it is recommended to trade only low-spread and liquid Forex pairs.
- The EA is optimized for one minute timeframe.
- The EA can be used for low spread pairs and low stop Levels, it is optimized for EURUSD.
- The EA works high frequency OP.
- The average profit factor during testing is above 3.3.
This EA needs the following:
- A good broker with low spreads and stop levels.
- Good Internet connection.
- Works great on ECN or low spread accounts (no more than 1.5 pips, optimized less then 1.0).
The Expert Advisor uses tick data. Please backtest the M1 timeframe in "every tick" mode and play to find the best parameters.
- MaxSpread: Set maximum spread.
- TakeProfit: Distance to fix take profit in pips.
- StopLoss: Distance to fix loss in pips.
- TradeSignal: The trade signal represents the directional volatility needed to trade.
- ExtendedSignal: True/False, to increase the frequency of open positions.
- TickSignal: The second trade signal represents the directional volatility needed to trade.
- TrendFollow: (Optional) to limit the OP just follow the trend (using indicator trendviewer).
- TrailingStart: Trailling distance becomes active.
- TrailingStep: Distance of trailing step.
- AutoLot: If it is True, the lot will be calculated automatically. If false, lots are traded.
- RiskPercent: Risk allocation per trade. Lot is chosen automatically basing on percentage of the balance.
For ease of setting of parameters and optimize trading, made changes and improvements.
1. Signal using two parameters.
2. Following the trend, using an external indicator trendviewer.
1. Two parameters Signal merged into one parameter.
2. Following the trend, using an internal indicator.
- Addition of parameter "Max_OpenPositions" to enable the Auto Open Positions more than one.