SAAD Scalper is fully automated EA and handles two strategies at same time with its unique style to make most of trades profitable. The EA scalps pips by its strong Entry strategy.
Trades that are not successful to scalp are handled in a different and unique way of martingale. It includes two options to deal with open trades.
- Pending Order Martingale (It helps to reduce Draw Down)
- Market Order Martingale
It works on multiple currency pairs simultaneously and best results found for EURUSD, GBPUSD, USDCHF, USDCAD, AUDCAD and AUDUSD. More trading opportunities for lower time frame.
SAAD Scalper Parameters
Basic Variables 1
- Lot Size of each Trade - Default value 0.01. Set as per your equity.
- LotModeAuto - Set False/True as per your requirement.
- %Risk - Lot is calculated as per formula Lot= AccountEquity* Risk/100/1000 If LotModeAuto is set True. Design Lot Size as per your requirement and Risk Factor.
- Target Pips - Best value found 100 for 5 Decimal Broker as a 10 pips. Set as per your testing results.
- Stop Loss - Default Value is 0. It works only if both martingale are set to False. As per testing results it is not recommended. This feature is included as per request of different users. Use it as per your experience.
- Magic Number - Magic number should be unique on same MT4 terminal.
Apply Martingale Type
- Market Order Martingale - True/False
- Pending Order Martingale - True/False
Please note that: You can use only one Martingale at one time. If both are true, martingale will not work. If you want to use StopLoss feature keep both false. If any one of true, StopLoss feature will not work.
Basic Variables 3 - It Sets Parameters for Market Order Martingale
- Steps in Pips: Default value 500 for 5 Decimal Broker as a 50 Pips. You can design it as per considering your Lot Size, Equity and Currency Pair Price Movement Span for safe use of martingale to avoid Margin Call.
- Steps in Pips - Default value 700 for 5 Decimal Broker as a 70 Pips. You can design it as per considering your Lot Size, Equity and Currency Pair Price Movement Span for safe use of martingale to avoid Margin Call.
- Open Pending Order - Default value 400. This value depends upon Steps in Pips.
Example 1 Sell - If original order is Sell and price hits 700 steps above the original order level Pending Order Sell is initiated 400 steps above the previous Sell Level.
Example 2 Buy - If original order is Buy and price hits 700 steps below the original order level Pending Order Buy is initiated 400 steps below the previous Sell Level.
- Pending Order Expiry in Days - Set Pending Order Expiry time in days. Default value 30 days.
Apply Volume Filter
- Apply Volume Filter - True/False
- Volume Level - Set Level if Apply Volume Filter is True.
Volume Filter is introduced to avoid any trade during high volatility and market noise.
Basic Variables 6 - Trading Hrs Range in GMT
- Trading Round the Clock 24Hr - True/False
- Start Trading Time in Hr - 0
- Stop Trading Time in Hr - 23
2) New Feature Trailing Stop Loss is introduced. Trailing Stop is all internal coded and calculations.
3) EA code is improved to identify already opened trades in case system restart and re-initialization
4) Custom comment field is included in input
5) EA statistics improved
6) Input variable is included if user want to restrict maximum number of trades.
1) Volume Indicator is fixed and tested
2) System restart will update PO levels to its maximum effort.
(Turning off the system is not recommended for long time)
New parameter is introduced:
1) %DrawDawn of Balance: Users can take risk of its capital percentage. If drawdawn touches this threshold, it will close all trades.
1) Stop Loss: For Original Trade only. It works only when martingales are disabled.
2) Pending Order Martingale: It is helping to reduce Draw Down instead of using Market Order Martingale
3) Volume Filter: It helps to avoid unnecessary trades during high volume.
Please note that in this version Trade Entry Criteria remains same. Entry strategy is same as per previous versions.
2) It includes Money Management feature and calculating Lot Size in %Risk of Equity