Asian Scalper FREE
The FREE version of Asian Scalper. It is an advanced Asian session scalper. The FREE version supports only 3 currency pairs while the FULL version supports up to 9 currency pairs.
Supported pairs: GBPUSD, GBPCAD, EURGBP (FULL version supports also: GBPCHF, EURCAD, EURCHF, USDJPY, USDCHF, USDCAD).
Time Frame: M15
The main idea behind the robot is to trade during the Asian session. The robot carefully watches the price of the currency pairs and the volatility of the market. It can trade only during some specific time range which is different for each supported pair. This information is visible in the information box of the robot. Main indicators are Moving Average and Standard Deviation. The parameter Channel_Period define the period for these two indicators. The parameter Entry_Break defines the breakthrough distance in pips for opening a new trade. To determine the current HIGH and LOW lines, we use both indicators values. The HIGH line is used to check whether there is a breakout. The LOW line is used to check whether there is a breakdown. When there is a breakdown and the volatility of the market is equal or greater than Min_Volatility parameter's value, the robot opens a long position (BUY trade). When there is a breakout and the volatility of the market is equal or greater than Min_Volatility parameter's value, the robot opens a short position (SELL trade).
You can check the FULL version of Asian Scalper here: https://www.mql5.com/en/market/product/27886
- Stop_Loss parameter is disabled in FREE version!
- Take_Profit parameter is disabled in FREE version!
- Slippage - Maximum allowed slippage in standard pips.
- Max_Spread - Maximum allowed spread in standard pips for trading.
- Hidden_Mode - When its value is TRUE the robot will hide Stop Loss and Take Profit from the broker.
- Magic_Number - A unique integer number which will be assigned to all open trades from the robot.
- Robot_Comment - A text which will be added as a comment to all open trades. By default it is "Asian Scalper". You can set what you want.
Money Management Settings
- MM parameters are disabled in FREE version!
- The robot trades with 0.01 lot only!
GMT Offset Settings
- GMT_Offset - GMT offset of your broker. Always set the winter GMT offset of your broker. It is very important to be properly set. Otherwise, the robot may have bad results.
- DST - Set TRUE if the broker shifts the GMT offset with +1 in Summer. Set FALSE if broker use same GMT offset whole year.
Trading Strategy Settings
- Trading Strategy parameters are disabled in FREE version!
You can check my other products here: https://www.mql5.com/en/users/fxrobots365