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Gelios Scalper

This EA uses scalping strategy and chooses entry points very carefully to provide the normal DD value.

This Expert Advisor is intended for trading EURUSD M5. Terminal - MT4.


Parameters

  • LossIncrease - StopLoss counterpart
  • ProfitIncrease - TakeProfit counterpart
  • StopTradeLevel - the value of the balance to stop trading
  • EAMagic - EA's magic number
  • Risk - percentage of the deposit, used for the automatic calculation of the lot
  • AutoLot - can be set to "1" or "0". When set to "1" the EA selects the lot size for trading depending on the balance value.
  • Lots - lot size is set by user, if the value of AutoLot is "0".
  • SpreadLevel - maximum spread, at which the EA will trade.
  • TerminalGMTshift - time shift of your brokers terminal relative to GMT.
  • SummerAdjustment - adjustment for daylight saving time (used only for testing, for more accurate results). In real trading should be equal to "0".

Default settings are recommended, but you can experiment with the optimization for your broker, if you wish.

Recommended broker - any 5-digit with the spread on EURUSD less than 20.

Make sure to test the EA on your broker before the purchase!

Backtest screenshots are provided below.

I will be happy to answer any questions you may have.

Have a successful trading.

No reviews
Version 8.0 - 2017.01.10
Fixed compatibility problem while concurrently running multiple EAs on the same account.
Version 7.0 - 2016.12.21
Added the ability to manually change the time zone and spread size.
Version 6.0 - 2016.12.09
Added the ability to set the lot size manually.
Version 5.0 - 2016.05.13
Position opening parameters have been upgraded.
Version 4.0 - 2016.04.28
Conditions for position opening have been optimized.
Version 3.0 - 2016.04.26
Changed the Risk management parameters. Increased the frequency of trades, while the drawdown remains low.
Version 2.0 - 2016.04.15
Added new trading tools.