Scalper Boss EA
Scalper Boss EA is a fully automated scalping Expert Advisor, that does not use standard indicators. It uses a custom unique trading algorithm to analyze the market conditions, using the signals from the D1 timeframe along with the current data. Depending on the mode selected in Dynamic_Lot, the EA can trade a fixed lot specified in Fix_Lot_Size, or apply dynamic lot calculation based on deposit value and values of the Lot_Balance and Max_Risk parameters. TakeProfit and StopLoss values are calculated and set based on the symbol behavior within the last month. Positions are closed either after reaching TakeProfit or by StopLoss, or when the profit taking algorithm triggers, or after the maximum position holding time specified in Max_Pos_Live. The EA uses neither martingale, nor hedging and needs no complex setup. Suitable for trading instruments with three and five decimal places. Optimized for trading the EURUSD currency pair on M15.
- Ready to go without any particular setup.
- TakeProfit and StopLoss are calculated and placed automatically.
- It can work with either dynamic or fixed lot size.
- Minimum starting deposit is $500 with the fixed lot of Fix_Lot_Size=0.1.
- Account type - any.
- Works best on EURUSD M15.
- No martingale.
- No hedging.
- No risky strategy elements.
- Low trading drawdown.
- Easy to use, no complex settings.
- Trade - trade settings.
- Dynamic_Lot - dynamic lot. The EA calculates and sets the lot size depending on the free margin and maximum risk value Max_Risk.
- Max_Risk - maximum percentage of the deposit for calculating the dynamic lot value. Recommended values are 10 to 30.
- Lot_Balance - dynamic lot size as a percentage of the deposit. Valid values are 5 to 20.
- Fix_Lot_Size - fixed lot. Recommended value is 0.1 for deposit of $500 or higher.
- StopLoss - StopLoss value in pips. If 0 - calculated and set by the EA.
- TakeProfit - TakeProfit value in pips. If 0 - calculated and set by the EA.
- Time Trade - trading time settings.
- StartHour - trading start hour.
- StopHour - trading end hour.
- Max_Pos_Live - maximum position holding time, hours. If 0 - ignored.
- Max_Spread - maximum allowed spread size for opening positions, in points. If set to 0 - ignored.
- Max_Lot - maximum allowed lot size.
- Recommended pair: EURUSD.
- Timeframe: M15.
Profit taking algorithm has been modified.