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  • Reviews (1)
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Rhino Scalp

Rhino Scalp is a fully automated Expert Advisor based on Moving Averages Divergence and Standard Deviation Indicator.

The algorithm calculate divergence between two moving averages then use standard deviation power to execute trades.

This EA is available for all timeframes but it is recommended to use it on M5 chart, 5-digit quotes, low spread and low commissions broker.


Input Parameters

  • Expert Name - EA name and trades comment.
  • Magic Number - EA identification number to identify trades.
  • Fixed Lot Size - Fixed lot size.
  • Activate Auto Lot Size - True if you want to activate auto lot size calculation.
  • Auto Lot Risk (%) - risk calculation to calculate auto lot size.
  • Trailing Start - Pip distance to trigger trailing order.
  • Slippage - slippage.
  • SL - Stop Loss
  • Max Spread Allowed - if spread goes higher than this value, EA won't trade.

Indicator Setting

  • MA fast Period - Moving Averages fast Period.
  • MA slow Period - Moving Averages slow period.
  • Standard Deviation Period - Standard Deviation Period

Time Filter:

  • Weekly days - set true if you want to trade on that day.
  • StartTime - start time to activate EA.
  • StopTime - end time to deactivate EA.


Recommendations

  • Volatile currency pairs
  • Low spread.
  • Low commissions.
  • Account leverage at least 1:200
  • 5-digit quotes.
  • 24/7 VPS hosting with low latency.
Charles Matticks
181
2017.06.06 11:48 
 

Been running Rhino Scalp on a live account for about a month now. It has taken 3 trades and lost 2 of the 3.