True Scalper EA MT5
True Scalper EA MT5 is a fully automated Expert Advisor, that does not use standard indicators. It applies an original scalping algorithm based on the price movement for analyzing the market conditions. Depending on the mode selected in the Dynamic_Lot input parameter, the EA can trade using either the fixed lot specified in Fix_Lot or using a dynamic lot with the value calculated based on the free margin and the Balance and Risk parameters. The TakeProfit and StopLoss values can be set manually, or automatically set by the EA. Positions are closed either after reaching the TakeProfit or StopLoss, or when the profit taking block triggers, or by time. The EA features the ability to trade at the specified time. Suitable for trading instruments with three and five decimal places. Optimized for trading EURUSD M15.
- Ready to go without any particular setup.
- Minimum initial deposit starts from $50 when using a fixed lot of Fix_Lot=0.01.
- It is possible to set the maximum allowed spread value for opening a position.
- It is possible to set the maximum size of the dynamic lot.
- It is possible to allow trading at the specified time of the day.
- It works best on the EURUSD M15.
- Account type - any.
- Easy to use, no complex settings.
- Low trading drawdown.
- No martingale, no hedging.
- Trade - trading settings.
- Dynamic_Lot - dynamic lot mode. Automatic calculation and setting of the lot size based on free margin and the Balance and Risk parameters.
- Balance - set the dynamic lot size as a percentage of the deposit. Recommended values are 2 to 10.
- Risk - maximum risk per trade for calculation of the dynamic lot size. Recommended values are 10 to 30.
- Fix_Lot - fixed lot size. Recommended value is 0.01 for deposit of $50 or higher.
- StopLoss - Stop Loss value in pips. If 0 - calculated and set by the EA.
- TakeProfit - Take Profit value in pips. If 0 - calculated and set by the EA.
- Max_Spread - maximum allowed spread size for opening positions, in points. If set to 0 - ignored.
- Max_Lot - maximum allowed dynamic lot size.
- Pos_Live - maximum holding time for unprofitable positions, hours. If set to 0 - ignored.
- TimeTrade - trading time settings.
- StartHour - trading start hour.
- StopHour - trading end hour.
- Recommended pair: EURUSD.
- Timeframe: M15.