Momentum Scalper is a Sideways Trend Scalper.
The Expert Advisor algorithm calculates the rate of price reversal and opens the trade if there is a strong market movement.
The Expert Advisor works with Stop loss, The Larry Williams Percent Range indicator, the Momentum indicator and trailing stop.
- Martingale is not used.
- Does not accumulate loss.
- Automatic lot calculation.
- Money management system.
- No martingale, no grid, no arbitrage.
- Easy to set up.
- Needed 1:100 leverage as a minimum.
- Broker with fast execution.
- VPS is recommended.
- Five-digit accounts.
- TrailingStar - distance between open price and current price to start trailing.
- TrailingStop - trailing stop.
- TrailingStep - trailing step.
- Stoploss - order stop loss.
- Risk - ratio of Account Balance to trade.
- Magic - magic number.
- Slippage - permissible slippage.
- MaxSpread - maximum value of the current spread.
- Min_Margin_level - minimal account margin level in percentage for no transactions.
- Param - Averaging period (amount of bars) for calculation of price changes.
- Value - Momentum multiplied by 25.