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Stable Trend Scalper

This Expert Advisor tries to collect 5-6 pip targets during a trend. Trend is determined by some different set of smoothed moving averages.

Trade decision is made using Bollinger Bands.


Intro

  • Timeframe: M1
  • Pairs: EURUSD, GBPUSD
  • Trade Style: Trend scalper


Parameters

  • Risk: Define leverage used for each order. Default: x25
  • Lots: Trade fixed lots in case of Risk=0
  • MaxSpread: Maximum allowed spread for the pair
  • StopLoss: Stop loss value for each order. Default: 50
  • TakeProfit: Target pips for each order. Default: 6 pips


Technical Details

  • Broker Selection: ECN brokers with max 0.7 pip EURUSD, 0.9 pip GBPUSD spreads should be preferred
  • Testing: You can test this EA using M1 every tick mode. All timeframes are hard coded internally
  • Powerful while using fixed lots
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