Market / MetaTrader 4 / Experts /

Euro Scalper MT4

490 USD

Demo downloaded: 1 210

Published: 7 March 2014

Current version: 2.4

Euro Scalper MT4

Experts
Andrey Vasilenko
Version: 2.4
Updated: 22 November 2021
Activations: 5

The Expert Advisor trades in the direction of the current trend, the algorithm is based on calculating the width of the trading range for a given interval and assessing price movements on short time intervals. If the impulse value exceeds a specified percentage of the trading range, a position is opened in the direction of the trend. The impulses are also additionally filtered using a special technique.

When evaluating impulses, the tick history inside the bar is not used.

The algorithm uses explicit control of bars - trading is performed on the formed bars only. This protects test and trading results from tick history errors, does not overload the terminal and increases the speed of testing and optimization as they can be run in Open prices only mode.

This EA has maintained its profitability since 2012, since its first publication, without significant algorithm adjustments and parameter optimization.

It trades relatively rarely, on average 3-5 trades per month, since strong price movements do not occur often. Historical drawdown does not exceed 25% when trading 0.1 lot per $ 1000 of the deposit. This allows you to use it both independently and as part of a portfolio of similar conservative Expert Advisors, which are based on different principles and mutually smooth out the drawdown.

Timeframe - M5, pair - EURUSD.

MetaTrader 5 version here.

Parameters

Magic - magic number allowing the EA to define its own orders in the trading platform. It is necessary when several EAs are working in a single platform or an automatic trading is combined with a manual one.
Percent - impulse value (% of the trading range).
TakePercent - take profit for newly opened positions (% of the impulse value).
StopPercent - stop loss for newly opened positions (% of the impulse value).
Stop - maximum stop loss of the newly opened positions in points. The parameter is used if stop loss value calculated as % of the impulse exceeds this value.
Tral - trailing stop level in points.
Lots - fixed lot of the newly opened positions if ММ is not used.
PartCloseLevels - number of levels for closing by profit.
DigitsInLot - number of decimal places in a lot.
GMT Offset - trade server shift relative to GMT.
MM - money management; set the percentage of re-investing the profit gained during trading. If ММ=1, the lot is 0.1 per each $1 000 of the deposit. If ММ=1.5, the lot is 0.15 per each $1 000 of the deposit, etc. If ММ=0, money management is not used. The trading is performed by a fixed lot set in Lots parameter.
Info - show/hide the info panel on the chart.

Monitoring: https://www.mql5.com/en/users/nutcracker/seller

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A simple tool for trading on trend and horizontal lines. A small panel of buttons on the chart allows you to set trigger lines in one click and track their status. Market orders open automatically when the price touches the lines. The order direction (Buy or Sell) is set by the line color when it is installed. Allows you to apply an unlimited number of lines, they will work as the price touches. You can create any graphic patterns: levels, channels, triangles, flags, grids, etc. The principle

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A small panel in the left corner of the chart displays the status and statistics on open and closed orders for all traded symbols. In the process of multicurrency trading, you need to know by what symbols the strategy gives profit or loss, how many deals and with what efficiency. It is important to see the comparative characteristics of all symbols in order to compare and analyze. This is necessary both for the operational management of open positions, and for the timely detection and removal f

35 USD

Pulse Scalper EA works on the EURCHF currency pair. Working timeframe M1. The strategy is based on searching for and playing back strong price impulses in the opposite direction. Does not use tick history, uses only closed bars, so you can test using open prices. The Expert Advisor does not use dangerous trading methods that can destroy the deposit: grids, martingale, locking, sitting out without stops. Stops are fixed; in addition, a hidden algorithm is used to track positions, which closes

490 USD

Ace Scalper EA works on the GBPUSD, EURGBP, USDCHF, EURCHF . Timeframe M5. The strategy is based on the search of price fluctuations for the quiet period of the Asian session. During this period, there is usually no strong unpredictable price movements, which allows relatively safe scalping, with the average trade duration 1 hour. Uses tight Stop Loss, which provides deposit protection in the event of adverse developments in the market. EA does not use dangerous methods of trading that can destr

590 USD

490 USD

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Version 2.4 2021.11.22

Algorithm correction

Version 2.3 2016.12.28

1. Added algorithm for opening additional positions.
2. Added spread filtering - SpreadLimit (0 - disabled).

Version 2.0 2014.08.27

Added options:
PartCloseLevels - the number of the closing levels of profit.
DigitsInLot - the number of digits in the lot after the decimal point.
GMT offset - the offset of the trade server relative to GMT.

GMT Offset default set at +2, Eastern-European standard (winter) time (EET), which are trading servers Alpari, Forex4you, InstaForex in Russia. For time zones that are located to the West of GMT offset is specified with a minus sign, for example, USA/New York Eastern time (EDT) up gmtoffset = -5.

If you do not know at what time does your trading server, simply run the optimizer parameter GMT Offset, from -12 to +12, and select the best value on the profit factor.