Forward Scalper EA
Forward Scalper EA is a fully automated scalping Expert Advisor. Does not use standard indicators. It analyzes the market situation on three timeframes simultaneously: D1, H1 and current. When an important price level is broken and no clear trend is present, the EA opens an opposite position with the specified lot size. A losing position can be averaged by a doubled lot, if the price reaches the next important level and there are also no clear signs of a trend. The position is closed when the profit level specified in the Profit/Volume parameter is reached. In case this does not happen within 1 hour, the EA searches for an opportunity to close the positions with minimum losses on the price rollback. When working in dynamic mode, the EA sets the lot size depending on the Max_Risk parameter.
This Expert Advisor does not use dangerous money management methods, such as martingale, hedging, grid strategies and keeping unprofitable trades.
Since brokers set a large spread value for the weekends, it is advisable to set the current spread value to 2-5 points when testing the EA.
The EA is optimized for trading EURUSD M15.
- Ready to go without any particular setup.
- Trading time: 24 hours a day.
- Minimum deposit: $100 or above.
- It is possible to set the maximum spread size.
- It is possible to allow trading at the specified time of the day.
- Any broker will not call the difference.
- Supports any execution type.
- The product works with three, four and five-digit quotes.
- ECN account is recommended.
- No martingale.
- No hedging.
- Does not use grid strategies.
- Easy to use, no complex settings.
- Trade - trading settings.
- Magic - unique ID of the EA's orders. When trading multiple currency pairs, it is necessary to set a separate value for each pair.
- Dynamic_Lot - dynamic lot mode. Automatic calculation and setting of the lot size based on free margin and the Max_Risk input parameter.
- Max_Risk - maximum percentage of the deposit for calculating the dynamic lot value. Recommended values are 10 to 50.
- Lots - fixed lot size. Recommended value is 0.01 for deposit of $100 or higher.
- Slippage - slippage in pips. Recommended values are 0 to 3.
- 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.
- Profit/Volume - the level to trigger the profit taking block. Recommended values are 5 to 30.
- Max_Spread - maximum allowed spread size for opening positions, in points. Recommended values are 10 to 25.
- Max_Lot - maximum allowed dynamic lot size.
- MarketWatch - set true for brokers with market execution of orders.
- Time Trade - trading time settings.
- OpenHour - trading start time, hour.
- OpenMinute - trading start time, minute.
- CloseHour - trading end time, hour.
- CloseMinute - trading end time, minute.
- Monday - enable/disable trading on Monday.
- Tuesday - enable/disable trading on Tuesday.
- Wednesday - enable/disable trading on Wednesday.
- Thursday - enable/disable trading on Thursday.
- Friday - enable/disable trading on Friday.
- Recommended pair: EURUSD.
- Timeframe: M15.