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Speed Scalper

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.


Trading Requirements

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).


Backtesting

The Expert Advisor uses tick data. Please backtest the M1 timeframe in "every tick" mode and play to find the best parameters.


Input 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.


Author

Margiyono

Carsten Hasenstab
123
2015.08.27 16:04 
 

Got the EA for 1 Month, raped my Account Equity from 2k to 400... not working on Live Account...

Backtest is not worth the paper on which it is printed...

Artem Borisov
851
2015.08.06 11:10 
 

на реале не работает

в дополнение к сказанному: 04.08.15 арендовал новую версию, как был мусор, так и остался, сливает под чистую, не смотреть на сигнал, он на демо, и к тому же там торгует черт-знает что

cyberryder
555
2015.07.04 23:08 
 

Backtest: Catastrophic

Demo: Running. Did 77 trades, expecancy -1,4pip, -100pip today = 66% Drawdown in 1 day.

Makes a lot of trades, but can't recommend with DEFAULT settings.

Vendor states we should "play" with settings. I don't like this in general. A vendor should issue a stable version as a minimu. However it might be impossible for this type of EA.

I have played with settings. Vendor provided optimization ranges. I could generate some profitable backtests, they were "ok", but far from being "good".

Vendor provided settings for my broker. Currently testing, but i get an error "trendviewer.ex4" not found. Vendor refers to a free indicator in the MQL market. This is not described anywhere. I donwloaded TrendViewer Indicator, but i still have the errormsg.

From what i can see, this is a very amateurish EA. I've wasted too much time and money here and giving up. I still can't say if this EA is profitable or not with good settings, but if i'm struggeling so much only during the setup period, this is a NO-GO.

Version 1.2 - 2015.07.22
Changes and improvements:
For ease of setting of parameters and optimize trading, made changes and improvements.
Before:
1. Signal using two parameters.
2. Following the trend, using an external indicator trendviewer.

After:
1. Two parameters Signal merged into one parameter.
2. Following the trend, using an internal indicator.

Additional features:
- Addition of parameter "Max_OpenPositions" to enable the Auto Open Positions more than one.