• Overview
  • Reviews
  • Comments (4)
  • What's new

Wise Scalper

This is an optimized and ready-to-use automated trading system. A market entry is performed at a certain time on a quiet market. When certain conditions are met, a trade is closed. As a rule, a profit is small. The EA features SL to manage losses.

The EA is recommended for use on currency pairs and M1 timeframe.

Before using on a live account, it is recommended to test the EA in the strategy tester in the terminal.

The EA operation requires a broker with minimum spread and minimum or no commission for the best results. The minimum deposit is small. You can start trading with $100. A leverage does not matter. A minimum of 1:100 is recommended.


Advantages

  • No risky algorithms, like martingale or averaging.
  • The EA features SL to limit potential losses.
  • Fast execution is not necessary. Not affected by slippages.
  • Works on almost any VPS even with the ping of 1000 ms.


Recommendations

  • I recommend that you test the Expert Advisor on a long time interval on the history in the MetaTrader 4 terminal before using it on real accounts.
  • Choose trading time settings carefully. The time on servers of different brokers can be different.
  • You can also use the default settings.
  • Please, adhere to risk management, do not raise the volumes too high for your trading capital.


Parameters

  • Check the spread - check the current spread or not
  • Spread max - maximum allowed spread during trading
  • Stop Loss - stop loss in points
  • Time to start trading - operation start time
  • Time to stop trading - operation end time
  • Max slippage - maximum slippage
  • Trading lot - position volume
  • Auto Risk - automatically determine the position volume depending on the specified risk
  • Magic Number - magic number
No reviews
Version 2.0 - 2018.07.09
Improved the trading algorithm and operation stability.
Version 1.6 - 2017.10.31
Optimized the trading algorithm.
Version 1.5 - 2017.10.13
Improved the trading algorithm.
Version 1.4 - 2017.07.25
Optimization.
Version 1.3 - 2017.07.11
Improved quality of entries.
Version 1.2 - 2017.01.30
Fixed minor bugs
Version 1.1 - 2017.01.25
Optimized the parameters