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Range Scalper MT5

This robot uses a unique algorithm to detect market ranges, opportunities buy and sell. Using the Average True Range indicator to detect the market range and use the Larry Williams Percent Range indicator to detect any chance of rising or falling prices. It uses advanced money management system with tight TrailingStop and other functions. All opportunities recorded and analyzed must be above 70% victory for the reference in opening positions.

The Expert Advisor works with Stop loss, The Larry Williams Percent Range indicator, The Average True Range indicator and Trailing Stop.

The Expert Advisor is optimized for trading on the GBPUSD and USDJPY pair. The adviser can also work on other currency pairs.

MetaTrader 4 Version: https://www.mql5.com/en/market/product/24149


Advantages

  • Advanced Technology;
  • money management system;
  • no martingale, no grid, no arbitrage;
  • easy to set up.


Recommendations

  • Needed 1:100 leverage as a minimum.
  • Platform: MT5;
  • Broker with fast execution.
  • VPS is recommended.
  • Five-digit accounts.


Parameters

  • TrailingStar - the distance between open price and current price to start trailing.
  • TrailingStop - trailing stop.
  • TrailingStep - trailing step.
  • Stoploss - order stop loss.
  • Risk - the ratio of Account Balance to trade.
  • Slippage - permissible slippage.
  • MaxSpread - maximum value of the current spread.
  • Min_Margin_level - minimal account margin level in percentage for no transactions
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This trend-following conservative Expert Advisor works on EURUSD, M5. It open position according to signal of trading sytem in trend direction and closes position according to signal of trade system or Take Profit/Stop Loss. Important note for its use on real accounts: To avoid the end of the trend case (when loss is possible), you need to set it on demo-account, wait for the first profitable deals and set it on real account. Входные параметры: Stop Loss Take Profit Max Lots
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The Expert Advisor is building two virtual 3d spiral (helical lines) and is trading on them. The first line of the axis moves in the path of the second line. After each crossing of the price with spirals,the EA opens order depending on the direction of the spiral. The target is the average price of position to be closest to the axis of the second helix. Classic grid EA, which buy cheaper and sell more expensive, but remodeled so that if there is a trend, 50% of price movement to follow the trend
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This Expert Advisor participates in the Automated Trading Championship 2012 (quantatrading). It runs on the EURUSD 15-minute chart. It follows strong trends. Settings Description varLots=2.00000000 The default setting for varLots is very aggressive resulting in a potential about 30% drawdown. To minimize drawdown, adjust varLots to 1 or lower. When setting the value to 1, the drawdown is reduced to about 15%. varStopLossPips=15 This setting controls the Stop Loss in pips for every trade. varTake
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Version 1.10 2017.10.31
Increased entries accuracy.