AZscalper Free Expert advisor is an automatic robot that place stop pending orders without use of any indicators but only considering the movement of the price.
This EA is more focused on safety and does not use any dangerous strategies like martingale, grid/martingale, etc.
Each trade is protected by stop loss, and the trailing stop will activate at the right time.
Unlike the full version, AZscalper Free open trades only from 0.01 lots.
Recommended currency pairs: EURUSD, GBPUSD, EURJPY, USDJPY, time frame M5.
Default settings can be optimized.
A broker with low spread and small Stop level is recommended.
- Max_Spread - how many pips of spread allowed to open position
- Max_Slippage - how many pips of slippage allowed
- Stop_Loss - how many pips in loss to exit
- Take_Profit - how many pips in profit to close trade
- Trailing_Stop - the distance of the stop loss in pips from the current price when it is in our favor
- Trailing_Step - step in pips to follow the current price
- Trailing_Start - distance in pips from opened order to enable the trailing stop
- Delta_Pips - increase/decrease of the price in pips to place pending orders
- Number_Of_Orders - how many pending orders to place
- Step_Orders - distance in pips between orders
- Expiration_Pending_Order (minutes) - time (in minutes) to cancel orders
- Magic Number - unique number to recognize orders