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Scalp Trap

Scalp Trap is an EA robot that runs on purely technical analysis. As a Scalp-type robot, it only trades in a short session. By default, as protection, the Stop-Loss is set in a tight points. But on the other hand, it would trap the trade when the chart trend has a strong movement.


Requirements:

Works with all pairs, especially with low-spread, not exceeding 1 pips.

A reliable VPS is mandatory to avoid missing out crucial trades.


Input Parameters:

  • MagicNumber = 123456 - used to identify an order.
  • OrderCmt = "sh" - a comment to trades.
  • Stoploss = 6 - stop loss in pips.
  • TrailingStop = 2 - trailing stop size in pips.
  • PendingDistancePips = 2 - distance in pips between running price and pending order.
  • MaxSpread=2 - maximum spread accepted to trade.
  • AutoMM = true - set to true to enable auto money management. If false, FixedLots is used.
  • Risk = 3.0 - risk value.
  • FixedLots = 0.01 - if you want to trade a fixed lot (do not forget to set AutoMM = false in this case).
No reviews
Version 2.0 - 2016.03.30
It's a little modification in Trailing Start and Stop, to improve the execution.