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Scalper Boss EA MT4

Scalper Boss EA MT4 is a fully automated scalping Expert Advisor. It uses original trading algorithm for analyzing the market conditions. Depending on the mode selected in the Dynamic_Lot input parameter, the EA can trade using either the specified fixed lot or using a dynamic lot with the value calculated based on the available deposit and the Max_Risk and Lot_Balance parameters. The TakeProfit and StopLoss values can be set manually, or automatically set by the EA based on the analysis of the currency pair behavior. The EA features the ability to trade at the specified time. The Trade_Buy, Trade_Sell input parameters set the permission to trade Buy and Sell orders, respectively. The Forbid_High_Volatility parameter allows to forbid trading when the market volatility is too high. Positions are closed either after reaching TakeProfit or StopLoss, or when the profit taking algorithm triggers, or when the maximum holding time for unprofitable position exceeds the value of the Max_Position_Live parameter. 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 EURUSD M15.


Features

  • Ready to go without any particular setup.
  • It can work with either dynamic or fixed lot size.
  • It can trade at the specified time of the day.
  • It is possible to set the maximum spread size for trading.
  • It is possible to set the maximum size of the dynamic lot.
  • Minimum initial deposit starts from $500 when using a fixed lot of Fix_Lot=0.1.
  • It works best on the EURUSD M15.
  • Supports any execution type.
  • Works on Standard and ECN accounts.


Advantages

  • No martingale.
  • No hedging.
  • No risky strategy elements.
  • Easy to use, no complex settings.


Parameters

  • Trade- trading settings.
  • Magic - unique ID of the EA's orders.
  • Dynamic_Lot - dynamic lot mode. Automatic calculation and setting of the lot size based on free margin and the Max_Risk and Lot_Balance input parameters.
  • Max_Risk - maximum risk for calculation of the dynamic lot size. Recommended values are 10 to 50.
  • Lot_Balance - set the dynamic lot size as a percentage of the deposit. Recommended values are 2 to 8.
  • Fix_Lot - fixed lot mode. Recommended value is 0.1 for deposit of $500 or higher.
  • Slippage - slippage in pips. Recommended values are 0 to 3.
  • StopLoss - Stop Loss value in pips. If 0 - calculated and placed by the EA.
  • TakeProfit - Take Profit value in pips. If 0 - calculated and placed by the EA.
  • Trade_Buy - permission to trade Buy orders.
  • Trade_Sell - permission to trade Sell orders.
  • Time Trade - trading time settings.
  • OpenHour - trading start time, hour.
  • OpenMinute - trading start time, minute.
  • CloseHour - trading end time, hour.
  • CloseMinute - trading end time, minute.
  • Max_Lot - maximum allowed lot size.
  • Max_Spread - maximum allowed spread size for opening positions, in points. If set to 0 - ignored.
  • Max_Position_Live - maximum holding time for unprofitable positions, hour. If set to 0 - ignored.
  • Forbid_High_Volatility - disable trading during high volatility of the market.


Requirements

  • Recommended pair: EURUSD.
  • Timeframe:M15.
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Version 2.0 - 2017.01.19
Changed the volume calculation of the averaging orders.