Eagle Scalping

Eagle scalping is a fully automated Expert Advisor based on 3 EMAs and supporting 4 and 5-digit quotes.

This EA provides the best results in an uptrend or a downtrend market.

 

Main features:

Scalping M5, M15 (best results M5)

-Main Pair EUR/USD and any other pair

-Money management (Risk reward and ratio % based on the account free margin)

-Break Even and Trailing Stop

-Days and Time Trading Management

Recommendations

  • EA Settings: Use default settings or the set file provided.
  • Symbol: EURUSD
  • Time Frame: M5
  • Brokers: ECN brokers, low spread/commission, 1:200-500+ leverage
  • No Minimum Deposit required: Risk ratio is computed based on trading account balance-equity

It is recommended to do your backtest with MT4 data and your Broker and adjust the parameters accordingly.

 

Parameters  
G1=EMA Parameters  

FMA_Period=10

Fast EMA

TMA_Period=21

Trigger EMA

SMA_Period=50

Slow EMA

MA_Mode=1

Default EMA=1

Shift=0

The EA allow only one Trade per Candle

Shift, F=0

Set to 0 (zero) for the current candle

Shift,1=0

Set to 1 for the last fully formed candle

Shift,2=0

Set to 2 for the candle formed before 1 (one)

 

G2=EMA Distance Parameters

 

TS_MinDist=50

Min distance between the Trigger and Slow EMA (21,50)

TS_MaxDist=120

Max distance between the Trigger and Slow EMA (21,50)

 

G3=Trading Parameters  

AllowTrade=True or False

Allow EA to trade

AllowMultiple=True or False

Allow multiple trades. If Enable the MaxBuyTrade and MaxSellTrade are not used

AllowBuy=True or False

Buy trades allowed

AllowSell=Ture or False

Sell trades allowed

TakeProfit=44

Take Profit

StopLoss=44

Stop loss

MaxBuyTrade=2

Max BUY trades allow

MaxSellTrade=2

Max SELL trades allow

Range Over FMA

Range in pips above the Fast EMA

MagicNumber=56732

EA Magic number

 

G4=Money Management Options  

Default Lot=1

Static lot size. If set to static, consider the lot sizes

1=100K, 0,1=10K, 0,01 = 1K. Need to disable the ‘UseMoneyManagment’ by setting it to 0 (zero)

UseMaxLot=True or False

Max Lot size to limit the max lot size allowed per trade

MaxLot=10

Max lot size - set to 10 Lot (1M contract)

UseMoneyManagement=True or False

Automatic Money Management based on the RiskPercent and the account free margin

RiskPercent=3

The RP and the StopLoss are directly related to the lot size to ensure that each new position represents the settled risk % of account free margin.

Ex. If your free margin is 1k (USD) and you risk is 2% and your StopLoss is 20 pips then your lot size is going to be 0.1 Where each pip value = 1USD. Then if you lose your position by the StopLoss, you're going to lose only 20USD that represents the 2% of your account free margin

Slippage=3

The “slippage” parameter is how many points you’ll allow the trade to slip and still complete the order

 

G5=Break Even Options  

UseBreakEven=True or False

Breakeven allow protection of initial risk amount to the entry price.

BreakEven=3

Sample of BE at 3 pips from the entry price. Adjust based on trade management (conservative 1X Risk Amount, Moderate 0,75X Risk Amount or Aggressive 0,5X Risk Amount)

 

G6=Trailing Stop Options  

UseTrailingStop=True or False

Usage of Trailing Stop – to follow the price movement and lock more profit.

TrailAllPositions=True or False

Trail all positions (buy/sell)

TrailingWhenProfit=True or False

Use the TrailingStop when in profit

TrailingStop=4

Set the Trailing Stop 4 pips away from the current price

TrailingStep=1

Set the Trailing Step 1 pip at the time following the current price

 

G7=Operation Time Parameters  

UseNotTradingDay= True or False

Define Days to NOT trade

StartDayWithoutTrading=15

Starting day for no trades

StopDayWithoutTrading=18

End day of no trades

UseOperationTime=True or False

Define Time to trade

StartOperTime=03:00

Starting time to trade (please check Broker Timezone)

StopOperTime=19:00

End time to trade

UseSleepingTime=True or False

Define Sleeping time for NO trades

StartSleepTime=12:00

Starting time to NO trade

StopSleepTime=13:00

End time to trade

UseMandatoryClosing=True or False

Set to close all open trades at a given time (end of day)

MandatoryClosingTime=23:59

Time to mandatory close all open trades

 

G8=Alerts  

ShowAlert=True of False

Set Alert to be displayed on Screen

 


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The Best Oil Trading Robot in the World.   Crude Oil Robot   is the undisputed, top-tier trading robot designed for the   XTIUSD or any crude instrument   offered by your broker. This is not a generic algorithm, but it's a   highly specialized system   built exclusively for the crude oil market,   utilizing unique technologies   not available in any other trading bot. Crude Oil Robot is equipped with   exclusive features tailored specifically for the OIL market , such as: Volatility Anomaly Fil
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LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal -> click here New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strategy.
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