Sprint

The Sprint is an automated scalper EA for high-frequency trading on the financial instrument of the chart it is attached to. For multi-currency trading the EA should be attached to a chart of the corresponding financial instrument.

The EA requires two account types, i.e. (MT5/MT4 or MT4/MT4) terminals on one computer.

  1. provider.
  2. receiver.

The EA trades on the receiver account based on the advance market information of the provider.


Input Parameters

  1. Symbol Name - name of financial instrument of the chart the EA is attached to.
  2. Spread Maximum - maximum allowed spread for trading the current symbol on the receiver account.
  3. Closure Terms - conditions for closing positions:
    • time - position holding time.
    • conditions - conditions, including position holding time at Duration in seconds.
  4. Duration:
    • minutes.
    • seconds.
  5. Position Holding Time - position holding time in minutes/seconds.
  6. Provider Type:
    • MT4.
    • MT5.
  7. Account Type - type of the account:
    • Provider - provider.
    • Receiver - receiver.
  8. Fixed Lot Size - fixed lot size.
  9. Fixed Lot - lot type:
    • true - fixed.
    • false - differentiated.
  10. Percent Lot Size - percentage of free margin of the lot
  11. Stop Loss - stop loss level in points.
  12. Profit Pips for TrailingStop - the number of points in profit for Trailing Stop (0 - disabled).
  13. Step for TrailingStop - step for Trailing Stop (0 - disabled).
  14. Slippage - slippage in points.
  15. Profit Target - target profit in points.
  16. Magic number - magic number.
  17. Trading Time Base:
    • GMT.
    • Server.
  18. Daily Start Time.
  19. Daily Finish Time except Friday.
  20. Friday Finish Time.
  21. Connection Control - control of disconnections with the trade server:
    • true - enable.
    • false - disable.
  22. Send Mail - send an e-mail notification about disconnections with the trade server:
    • true - enable.
    • flse - disable.
  23. Order comment - order comment.
  24. Graphics: (true, false).
  25. Bid line: (true, false).
  26. Ask Line: (true, false).
  27. Line Type.
  28. Line Style.
  29. Line Width.
  30. Bid Line Color.
  31. Ask Line Color.
  32. Symbol Right Price: (true, false).

The name of the financial instrument on the accounts of the provider and receiver may differ in prefixes of suffixes. However, the names must match in the input parameters of the EA.

The EA automatically calculates and places the TakeProfit level. Step and TralingStop are used at Duration in minutes, and they can be equal to each other. TralingStop is desabled if Step is zero.

During the setup of the EA on the provider account only the first and the seventh input parameters are considered.


Limitations

The EA cannot be tested in the MetaTrader 4 Strategy Tester.


Recommendations

It is recommended to use the EA on the six major financial instruments: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF. The possibility of using the EA on other symbols as well as CFD is not excluded.

It is recommended to get positive results on a demo account before using the EA on a real account. Trading must be performed on a VPS server with minimum delay to the provider and receiver accounts. It is recommended to choose a broker with the minimum execution commissions or without them at all, and with tight spreads that allow unlimited scalping.

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The indicator of DeMark fractals. The indicator can be drawn on the basis of price data and on the basis of a moving average. There is a possibility to color the up and down fractals. The indicator can be used for manual and for automated trading within an Expert Advisor. For automated trading, use any indicator buffer of the double type: 0 - up fractals, 1 - down fractals! Values of the buffers must not be equal to zero.  A moving average is drawn on the basis of input parameters: Calc_Method 
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Description The indicator determines the appearance of the bars that signal of a reversal of current local moods and plays a beep. It also paints these bars in accordance with the bullish and/or bearish priority. You can select the color for bullish and bearish moods. Inputs Sound_Play - a flag that allows the sound notification. Use Detection of the reversal bar can be a signal to perform appropriate trading activities.  The indicator can be used for manual or automated trading in an Expert A
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Description The indicator determines the appearance of bars that notify of the reversal of the current trend, and paints them in accordance with the bullish and/or bearish mood. The indicator can notify of the appearance of a formed reversal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where: < means the current bar. d - days. h - hours. m - minutes. s - seconds. You can select the color for bullish and
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Description A universal colored indicator of moving averages: Moving Average, Double Moving Average, Triple Moving Average . The indicator provides various opportunities for the analysis of prices based on different ways of constructing moving averages in the window of the main financial instrument. You can color bullish and bearish moods. Inputs MA_Type - type of multiplicity: Moving Average. Double Moving Average. Triple Moving Average. MA_Period - the MA period. MA_Method - the averaging met
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Description Keltner's colored channel indicator,also called STARC band, drawn in the main chart window. The indicator uses the calculation technique of the three drawing options: basic, improved and modified . The first two were proposed by Keltner, the third one - by a successful trader L. Rakshe. You can also search for your own best parameters of the indicator. The upper, middle and lower bands can be colored. The indicator includes the basic analytical tool of the market moods by Keltner. Th
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Description A colored universal multicurrency/multi-symbol indicator ZigZag to be drawn in a separate window below the main financial instrument. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).  The indicator can
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Description A colored channel indicator Price Channel to be drawn on the main chart of a financial symbol. It can color bullish and bearish moods based on the middle line of the indicator, as well as change the color of the upper and lower lines of the channel. Purpose The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading:  The middle line of the indicator - buffer 4. The upper line of the
Multicurrency Candlesticks
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Indicators
Description Candlesticks is a colored multicurrency/multy-symbol indicator. It shows a financial instrument as a candlestick chart in a separate window below the chart of the main financial symbo. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrume
Candlestick Tools
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Indicators
Description Candlestick Tools  is a colored multicurrency/multy-symbol indicator. It shows one of four standard indicators as a candlestick chart in a separate window below the chart of the main financial symbol. The indicator is calculated based on one of two indicators included in the standard package of the МetaТrader 4 terminal: CCI - Commodity Channel Index. RSI - Relative Strength Index. The default indicator is Commodity Channel Index. The indicator may be used with any broker, irrespecti
Pivot Pro
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Indicators
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Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits. A user can choose colors for the indicator lines. Input Parameters Calc_Method - method of calculation of the lines: levels of round prices. levels of half-round prices. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial inst
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Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average .  Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
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