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TimeScalper Advanced

The Advanced version of TimeScalper Free, is unlocked for any currency with more features and new trading strategy!

This EA works with internal logic, no additional indicators needed.

After 4000 downloads reached by the older version I decided to re-code the same EA to a newer edition: the entry logic is the same but now it can be managed by an input value.

With this new version a "reverse martingale" has been added. How it works? Unlike the dangerous martingales used by many EA's that double up the lot size in game after a loss, this EA will do exactly the opposite: after a profitable trade it will increase the lot size up to 3 times following an automated Money Management system.

Another functions has been added: "virtual stop". This functions will stop-out the loss trades by an integrated formula based on the Risk used in addition to the standard StopLoss.

Here is the explanation of the input values:

  • Risk - Risk percent based on Balance.
  • TrailingStop - The more is low the better it works. Some brokers does not accept the default value and you'll be prompted to increase it.
  • StopLoss - This saves money against spikes or huge loss.
  • OpenValue - Value used for entry. High values = less trades, more precision. Low values = more trades, more errors. This value must be optimized by backtesting.

Like any scalper EA, it is suggested to use low latency and low spread brokers.

No reviews
Version 1.3 - 2016.10.06
Added take profit as requested by some users and upgraded the Money management function
Version 1.2 - 2015.12.17
Version 1.2 new functions:
-Display info like live spread (red color if above MaxSpread value).
-MaxSpread value calculated as integer instead of double.
Ie. MaxSpread 10 = 1 pip (as the same as MT4 backtest value is shown).
Version 1.1 - 2015.10.30
Added money management section: you can now select manually the lot size.

Added some other function related to the risk settings: