Edelweiss Scalper is a fully automated Expert Advisor based on Level Trading strategy, Price Action and some MetaTrader 4 standard indicators.
Edelweiss Scalper EA uses no grid, no martingale, no arbitrage, no hedges, no tick scalping, and the best part is running fully automatic.
The EA allows you to trade a fixed lot, as well as includes the money management unit for automatic lot calculation based on the preset risk per trade.
Please use this EA on pairs with low spread and low stop level.
Your trades will be protected by stop loss.
Best results are obtained on EURUSD, USDJPY and GBPUSD pairs, and you can run on several instruments simultaneously.
Requirements and Recommendations
- Please use this EA on M1 or M5 timeframe
- The recommended account leverage is 1:500
- If you want to have only one pair triggered at a time, please use the same Magic Number for all pairs.
- VPS hosting 24/7 is strongly advised.
- MagicNumber = 888 - used to identify an order.
- OrderCmt = edw - comments on each trades.
- TakeProfit = 15 - take profit in pips. 15 is 15 pips.
- Stoploss = 9 - stop loss for Breakout trades in pips. 9 is 9 pips.
- TrailingStop = 2 - trailing stop size in pips.
- TrailingStart = 3 - trailing start in pips for breakout trades.
- Buffer = 3 - distance in pips between running price and pending order.
- MaxSpread=1.5 - maximum spread accepted to trade in pips.
- MoneyManagement = true - set to true to enable auto money management. If false, ManualLotsize is used.
- Risk = 2.0 - risk value for Breakout trades.
- ManualLotsize = 0.01 - lot value used if MoneyManagement is false.