Market / MetaTrader 4 / Experts /

RedLine Scalper

150 USD

Demo downloaded: 780

Published: 28 October 2015

Current version: 1.12

RedLine Scalper

Experts
Sergey Belov
Version: 1.12
Updated: 4 January 2022
Activations: 7

The Expert Advisor oriented to work on 5-digit ECN account with low spread. The EA is uses the price level breakthrough strategy.

The default settings are optimized for trading on EURUSD.

Recomendations

ECN broker with a low spread and accurate order execution;
Deposit from 50 USD on a standard account or 10 USD on a cent account;
Virtual private server.
After installation please set the risk parameter or fixed lot depending on your trading style. I prefer a fixed volume.

Features

The EA does not use martingale and grids;
Trading is performed by pending orders only;
All trades are protected by a stop loss;
Expert Advisor does not require a large deposit;
The EA can use a fixed or dynamically calculated order volume;
Expert Advisor is designed to work with 5-digit quotes;
You can put the EA to any period on the chart. The timeframe is set in the parameters of the EA.

Parameters

Risk - risk value used for calculation of a dynamic lot;
Fixed Lot Size - fixed size of volume for the orders. If set to 0, a dynamic volume is used;

Take Profit - expected profit for a trade, in pips;
Breakeven - the profit, after which SL of the order is set to breakeven, in pips;
Stop Loss - allowable loss, in pips;
Candle's Count - number of candles used to search the needed level;
Order's Life Time - lifetime of the pending order;
Min Interval - minimum interval between price and support/resistence level, in pips;

Work Timeframe - period of chart, on which the EA is running;
Slippage - maximum price slippage, in points;
Text Color - color of the displayed data on a chart;
Background Color - background color of the displayed data;
Order's Comment - comment of the Expert Advisor's orders;
Magic Number - unique number of the Expert Advisor's orders (any numbers).

If you have any questions, please send me a private message. I will be glad to help you.

more...

3632

Tomas Rodriguez Doherty 2016.01.05 21:12 #

I have tested this EA thouroughly and although it trades very little, with the default adjustments it generates profit eventually and in a consistent manner. I must say I bought and I was reluctant at first but after seeing well how it works I must say it is a 5 stars EA. It is definately profitable. It is safe, Willnever blow account on reasonable settings. It uses levels support and resistences to create pending orders that will generate profit in a hihg percentage. Considering the WIn/Loss Ratio it eventually becomes profitable. Please use it for more than one month before giving bad comment or review cause it works. Thankyou sergey for your great EA's, very glad to have bought

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This automated Expert Advisor is designed to work with ECN brokers and low spreads. The EA works around the clock and there is no need to stop it during during important news releases. Trade is conducted by the levels. The EA features the search for the necessary levels at once on two time periods. The EA uses the built-in filter to select levels, at which it will place the pending orders. All orders are opened with the predefined StopLoss and TakeProfit parameters. Thus, even in the time of big

75 USD

This is a fully automated Expert Advisor that does not require stopping during the news release. Trade is conducted by the trend determined by the indicator Ichimoku. Opening the orders occurs near the support (resistance) levels and in presence of the confirmation signals from other indicators. The EA does not require ECN accounts. It works on 4- and 5-digit quotes. The type of quotes is determined automatically. The timeframe of the chart does not matter. The default settings are optimized for

100 USD

An automated Expert Advisor developed for Forex trading. - Expert Advisor is suitable for all types of accounts and with any type of spread. - The number of decimal places in quotes is determined automatically. - The EA does not require stopping during the news releases. - The timeframe of the chart does not matter. This parameter is defined in the settings of the EA. - The EA always uses Take Profit and thus it is less sensitive to the speed of the broker. - The EA have two trailing stop m

150 USD

Fully automatic expert adviser developed for the forex market. - The number of characters in quotes is determined automatically. - Works with standard accounts and ECN accounts. - The timeframe of the chart does not matter. This parameter is defined in the settings. - You can use a dynamic lot or a fixed lot. - The spread filter does not allow the Expert Advisor to open orders at a large value. - Expert advisor always set TakeProfit on all of its open orders. - Drawdown control allows you to spe

170 USD

Fully automated Expert Advisor designed for the forex market. The main properties: - The number of characters in quotes is determined automatically. - The EA works with standard accounts, cent, micro and ECN accounts. - Timeframe of the chart does not matter. This parameter is defined in the settings. - The EA uses a dynamically calculated lot size or fixed. - The spread filter does not allow the expert advisor to open orders at a high value. - The EA always uses Take Profit and thus

225 USD

This Expert Advisor is a light version of the Silver Line EA and is optimized exclusively for EURGBP. If you will use the EA on other pairs, you need to optimize the settings for best result. The EA automatically determines the number of digits in quotes. The expert advisor can work on standard accounts, ECN, cent and micro accounts. The timeframe on which the expert advisor works is defined in the settings. Therefore you can put any period on the chart or change it during work, the result is n

80 USD

The Expert Advisor builds a grid of orders at prices near support or resistance levels. Entry points are calculated by the EA using the author's algorithm and based on a variety of factors. The EA uses several time ranges for analysis. The built-in trend filter allows to make more accurate entries with a greater likelihood of closing them with profit and thus reducing the number of simultaneously open orders. All orders are closed upon reaching the expected profit. Through the use of TakeProfit

150 USD

Fully automatic multicurrency expert advisor working on any type of accounts and with any type of spreads. The timeframe on the chart does not matter, you can set any. Directly working timeframe is set in the settings. The EA always sets TakeProfit and is thus less sensitive to the speed of the broker. The "Deposit protection" function allows the EA to set StopLoss after the last order and thereby limit possible losses. The additional " Magnetic TP " function search the levels near the T

95 USD

PowerMax Pro - it's automated multicurrency expert advisor working on any type of accounts and with any type of spreads. The Expert Advisor always sets TakeProfit and due to this, even if there are interruptions to the Internet, the orders will be closed on time and at a favorable price. The timeframe on the chart does not matter, you can set any digits. Working timeframe is set directly in the settings of the EA. To protect the deposit and limit possible losses, the EA has two options: the ab

145 USD

The automated expert advisor that builds a grid of orders based on my developed algorithm. The initial lot of order can be fixed or dynamically calculated, depending on the deposit balance and the risk parameter used. To prevent opening trades at a high spread value, the EA has a corresponding filter. You can specify the maximum allowable value in the settings. The internal algorithm of work and settings of the expert advisor for Short and Long trades are completely identical. Thus, the expert

150 USD

Automated Expert Advisor developed for forex trading. - Expert Advisor is suitable for all types of accounts and any type of spread. - The number of decimal places in quotes is determined automatically. - Timeframe of the chart does not matter. You can use any. Work timeframe is defined in the settings. - The EA always uses Take Profit and thus it is less sensitive to the speed of the broker. - The EA has two built-in types of trailing stop. Any of them can be used. - The EA features a spre

150 USD

145 USD

Fully automatic multicurrency expert advisor working on any type of accounts and with any type of spreads. The timeframe on the chart does not matter, you can set any. Directly working timeframe is set in the settings. The EA always sets TakeProfit and is thus less sensitive to the speed of the broker. The "deposit protection" function allows the EA to set StopLoss after the last order and thereby limit possible losses. The additional " Magnetic TP " function search the levels near the TakeProfi

95 USD

Automated multicurrency expert advisor working on any type of accounts and with any type of spreads. The Expert Advisor always sets TakeProfit and due to this, even if there are interruptions to the Internet, the orders will be closed on time and at a favorable price. The timeframe on the chart does not matter, you can set any digits. Working timeframe is set directly in the settings of the EA. To protect the deposit and limit possible losses, the EA has two options: the ability to set StopLos

145 USD

- The expert advisor determines the number of characters in quotes automatically. - The timeframe on the chart does not matter, you can set any digits. Working timeframe is set directly in the settings of the EA. - You can use a dynamic calculated volume or a fixed one. - The spread filter prevents the expert advisor from opening trades when its value is large. - All trades the EA are open with the Take Profit parameter. - The drawdown control function allows the EA to forcibly close all posit

170 USD

The initial order lot can be fixed or dynamically calculated, depending on the deposit balance and the risk parameter used. To prevent opening trades at a high spread, the EA has a filter. In the settings, you can specify the maximum allowable value. The algorithm and settings of the expert advisor for Long and Short trades are completely the same. And this means that the EA works the same, regardless of the direction of the global trend. On all orders, the expert advisor sets the TakePro

150 USD

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3632

Tomas Rodriguez Doherty 2016.01.05 21:12 #

Version 1.12 2022.01.04

The settings by default are updated.

Version 1.11 2021.12.12

The Expert Advisor has been recompiled for the new version of MT4

Version 1.1 2015.11.18

Added option to prohibit trade if the spread exceeded the allowable value.

Additional parameters:

Spread Limit - maximum allowable level of spread;
Spread Delay - duration of the pause, if the spread exceeded the allowable value, in minutes.