Incentive is a scalper robot.
The strategy is based on breakout/rebound from consolidation prices. The Expert Advisor does not trade often.
It is recommended to use 5-digit quotes, a 5-minute timeframe and low-spread trading instruments. Metals are not suitable for trading, because the strategy cannot determine their price consolidation.
Originally, the EA was developed for the following trading instruments:
EURUSD 5m and GBPUSD 5m.
It is recommended to select the above pairs.
The EA sets stop loss and take profit. In addition, it is possible to set order closure upon reaching the specified number of points (the Take profit points parameter), not waiting for the stop loss or take profit to trigger.
It is possible to enable averaging orders using the "Enable Martingale" option.
- Comment to order - a comment to orders;
- MaxRisk - maximum risk value;
- if MaxRisk = 0, Lot will be - if MaxRisk = 0, this lot will be used;
- Enable Martingale - enable the Martingale system;
- Step between orders - step between orders;
- Multiplier - multiplier for averaging orders.
- Take Profit - take profit;
- Stop Loss - stop loss;
- Take profit points - profit points to close positions;
- Max Spread - maximum spread limit.
- Slippage - slippage.
- Magic - order ID;
- ShowInfoPanel - show/hide information panel;
- BackColor - the background color of the information panel;
- TextColor - the text color of the information panel.
Enable Martingale - enable the Martingale system.
Step between orders - step between orders.
Multiplier - multiplier for averaging orders.