The logic of Algo Scalper includes Elliott wave theory and trend following method.
It works on H1 timeframe with filters from higher timeframe.
When wave count indicates a potential turning point, if there are trend reversal signs on daily and H4 timeframe at the same time, then we enter the trade; if not, the market may still in a neutral mode. We'll stand aside and look for better opportunities.
The input parameters are optimized for Spot Gold (XAUUSD) H1.
No Grid, No martingale.
Every trade has stop loss and take profit levels, but does not display in the order directly.
- Lot Size: Please input lot size of every trade according to your balance
- Order Magic Number: Please input your preferred magic number if necessary