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PlatinumScalper

PlatinumScalper is a scalping EA based purely on price action.

This system does not use indicators, martingales or hedge management. It is based only on price action and is not stuffed with a lot of filters.

The EA trades on M1 timeframe only on XPTUSD only and only on ECN accounts with spread less than 3 pips! It will not trade on non-ECN accounts or bigger spread! I tried using it on Gold, but not every broker gives a good spread.


Parameters

  • Magic = -1 – if less than 0, it calculates a magic number automatically
  • OrderCmt = "" – trade comments that appear in the Trade and Account History tabs
  • MaxSpread = 30.0 – max allowed spread in points (1/10 pip)
  • MaxExecution = 0 – max allowed average execution time in ms (0 means no restrictions)
  • MaxExecutionMinutes = 5 – how often in minutes should fake orders be sent to measure execution speed
  • AddPriceGap = 0 – additional price gap in points added to SL and TP in order to avoid Error 130
  • TrailingStart = 0 – start trailing profit from as so many pips. Default 0
  • Commission = 0 – some broker accounts charge commission in USD per 1.0 lot. Commission in points
  • Slippage = 3 – maximum allowed slippage in points
  • MoneyManagement = TRUE – if TRUE, then calculate lot size automatically based on Risk. If FALSE, then use ManualLotsize below
  • MinLots = 0.01 – minimum lot size to trade with
  • MaxLots = 1.0 – maximum allowed lot size to trade with
  • Risk = 2.0 – risk setting in percentage. For 10.000 in Balance 10% Risk and 60 StopLoss lot size = 16.66
  • ManualLotsize = 0.1 – manual lot size to trade with if MoneyManagement above is set to FALSE
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Erico Borges
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Nork
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