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Expert Advisor WATCHFUL SCALPER

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Published: 21 August 2015

Current version: 4.23

Expert Advisor WATCHFUL SCALPER

Item: Expert Advisor WATCHFUL SCALPER
Rating: 1
Author: onlinejc

Experts
Sergiy Podolyak
Version: 4.23
Updated: 23 March 2020

This EA requires a broker having Market Execution (ECN, NDD, STP accounts), low spread, zero StopLevel (or close to such level), no commission if possible (as it influences on the profit amount). Order executin time should be measured in milliseconds, not minutes, requotes and slippage should not happen too often.

Deposit: Minimum deposit is $50 (MinLot = 0.01) or $500 (MinLot = 0.1)

Recommended currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD

No Martingale / No grid / No arbitrage.
The SAFE function (protects the deposit from losses).
The LOT is calculated basing on FreeMargin, RiskMM and StopLoss.
Good for 5-digit quotes, worse for 4-digit quotes (less trades).
Uses tight stops.
Supports ECN accounts.
Has 3 trading filters to choose from (Trade_Filter).
The Commission parameter corrects the test.
Works with brokers having symbols with suffixes.
Automated calculation of MagicNumber as an option.
Function of monitoring positions not having SL. It detects and corrects SL before repeated modification of a position.
Adapted for operation on accounts with any major currency pair (EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY).
Broker error messages are displayed in the log.
Function of correction SL & TP relatively to StopLevel.
Control over trading activity based on percentage of the free margin (Min_Margin).
Graphical representation of trading parameters.
Compulsory TrailingStop.
Control over trades by time (to avoid swaps, trades on Friday after a specified hour; saves from transfer of a position to Monday where a sharp gap is possible).

Settings and External Parameters:

_Trade_Params_ = "--- TRADING PARAMETERS ---"

EachTickMode= True - entry not waiting for the candle closing (zero candle).
SupportECN= false - support of ECN (TP and SL are placed by order modification).
AutoMagicNumber= true - auto generation of a magic number.
Magic= 0 - order magic number.
MaxSpread= 3.0 - maximum allowed spread (in points).
ExpireTimeOrder= 3590 - positions will be deleted in N seconds.
SAFE_Mode = 0 - options of the SAFE mode operation (0-not used, 1,2-operational options).

_Module_MM = "=== М О D U L E < ММ > ====";

LotFixed= 0.01 - fixed lot.
LotMax= 100.0 - maximum allowed lot.
RiskMM = 2.5 - calculation of risk from the balance and stop loss (if = 0, orders have a fixed lot).
StopLoss= 6.1 - stop loss (in points).
TakeProfit= 10.2 - take profit (in points).
SL_correct = 9.5; - stop loss to correct positions having SL=0 (in points).
Min_Margin = 100 - minimum level of margin (%) for new opened positions.
TrailingStart= 2.0 - profit trailing (in points).

Volatility_Set_ = "==== Volatility Settings ====";

UseVol_Dinamic= True - dynamic volatility calculation.
Vol_Dinamic = 12.4 - (in points) dynamic value if UseVol_Dinamic==true.
Vol_Limit = 17.9 - (in points) fixed value if UseVol_Dinamic==false.

_Trade_Filter= "=== FILTER TRADING (1/2/3) ===";

Trade_Filter = 3

_P_Time = "==== TRADING TIME ===========";

TradeTime = true - working by time (true - enable).
TimeBegin1= "00:10" - start of trading-1 TimeCurrent().
TimeEnd1 = "08:00" - end of trading-1 TimeCurrent().
TimeBegin2= "08:00" - start of trading-2 TimeCurrent().
TimeEnd2= "22:59" - end of trading-2 TimeCurrent().

TradeControl_Friday = true.

Hour_Stop= 20 - the robot will not open new positions after the specified hour on Friday.

TradeControl_Month= true.

Month_Start = 12 - month to start trading limitation.
Day_Start = 23 - day to start trading limitation.
Month_Stop = 1 - month to end trading limitation.
Day_Stop = 5 - day to end trading limitation.

Commission = 0 - (in points) commission (for testing, 1 point is recommended).
Slippage = 3 - (in points) slippage.
Comment_EA = true - display trading parameters on the screen.
NumberOfTry = 3 - number of attempts.
UseSound= true - sound.

Language_ = "=== 0-English, 1-Cyrillic ==="

Language= 0.

It is recommended to check the EA's operation on a demo account before using it on a real one.

You can attach the EA to a working chart having any timeframe (the smaller TF the better).

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The FxSProWPR oscillator generates signals for trend confirmation, which can also nbe used to confirm the emergence of new trends. Indicator Parameters NumberBars - the number of bars to display the indicator. Too many bars may significantly slow down the operation of the trading terminal. SignalAlert - an Alert notifying of a trend. SignalSound - sound alert to notify of a trend. The sound will be played once the histogram exceeds the level of 15. Rules to confirm position entry Green histo

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Trade Space PRO Профессиональная торговая панель для MT4. Главное ПРЕИМУЩЕСТВО - все настройки выведены на график символа. Запоминаются автоматически для каждого символа отдельно. Трейдинг/риски/блок контроля новостей и тайминга/панель сигналов . Вся важная информация отображается на панелях. Вам нужно только открыть позицию одним щелчком мыши. Управление открытой позицией так же просто, насколько это возможно: вы можете легко настроить уровни Стоп Лосса (S/L) и Тейк Профита (T/P). В о

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PARTIAL CLOSE & VIRTUAL TRAILING Virtual trailing with partial position closing. ea-PartTrailing&Close is a fully automated Expert Advisor for tracking trades. Version =Simple= provides tracking of one BUY or SELL orders (or 1 Buy+1 Sell simultaneously). The EA is almost perfect at averaging profit and loss. StopLoss without TakeProfit is recommended since the latter may limit your profit in case of sharp price spikes. The trailing is virtual since every movement of the levels responsible for a

33.99 USD

The Fx-PIOT indicator determines the movement direction of a financial instrument using a combined signal: the main signal + 2 filters. The screenshots were taken in real-time mode (/ Date=2017.01.24 / Symbol=NZDJPY / TF=H1 /). The main signal is displayed as arrows (Up / Down) + possible reversal zones. Calculation is made using the Open, Close, High and Low prices. Filter #1 is a trend filter determining trend on the D1 time-frame; it outputs a message: "Buy Signal" / "Wait for Signal" / "Sell

32.99 USD

Virtual Trailing and Closing Profit by parts U Trail and Close Part is a fully automated Expert Advisor for managing trades. The following functions are used in the Expert Advisor: Calculation of risk in a position StopLoss - used for calculation of risk in a trade. LotFixedUse - only a fixed lot is used. LotFixed - fixed lot size. RiskMM - percentage of risk in the position. The function is active if the fixed lot is disabled. Partial profit taking PartialOn - enable partial closure (true

39.99 USD

DIFF-2Pairs detects divergences of correlated pairs considering lots balancing (+ built-in strategy tester ). The indicator has a system for measuring the divergence of correlated pairs by various methods to estimate the value of the differential curve: the system can measure performance. statistical analysis to determine the optimal SL and TP. exporting data to a CSV file. Currently, the indicator supports the following deviations of the correlated pairs: The standard deviation is the measur

59.99 USD

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onlinejc 2022.11.21 11:17 #

Fantastic concept that can turn $1,000 into over a million in 2 months in backtesting! When run on a live account, my broker told me to turn it off as it exceeds the maximum number of actions allowed by MetaTrader - 2,000 a day. This was making about 10,000 per instrument!!! 5 stars for the theory, zero for the practice.

Version 4.23 2020.03.23

Новая версия скомпилирована под последний билд

Version 1.17 2015.09.08

Parameter (SAFE_Mode) has several use options: (e.g. lot=0.2)
- Safe = 0 - the safe function is not applied.
- Safe = 1 (irrespective of StopLoss). For example, 1 order of lot 0.2 is opened. Once the price makes a distance of TakeProfit/2 points, a half of the order volume is closed, and 1 order of 0.1 lot is left in the market. StopLoss is moved to the value of the obtained profit.
- Safe = 2 (irrespective of StopLoss). For example, 1 order of lot 0.2 is opened. Once the price makes a distance of TakeProfit/2 points, a half of the order volume is closed, and 1 order of 0.1 lot is left in the market. StopLoss is moved to the order open price + 1 point.
With the SAFE mode, after partial position closure we have an almost no-risk position.

UseSLTPcorrect = 1
- 1 - enable search for orders with SL=0 and modification of its value to SL_correct.
- 2 - enable search for orders with TP=0 and modification of its value to TP_correct.
- 3 - enable search for orders with SL=0 or TP=0 and modification of its value to SL_correct and TP_correct.

TP_correct = 14.0 - a valid take profit to replace TP=0 (in points)
AddDistanceMarket = 0.5 - a distance (in points) to increase Stop Loss or Take Profit if they are too close to market (we trade M1). Lower values for fast brokers, larger values for slow brokers. If the parameter is set to zero, an error may lead to zero Stop Loss and Take Profit of stop orders.