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  • Purpose: automated trading in the Forex market with the MetaTrader 4 trading terminal (MetaQuotes Software Corp.), supports build 604 and higher!
  • Trading strategy: market entry in the direction of a trend or at pullbacks.
  • Type of the Expert Advisor: Aggressive Scalper EA.

Trading and Brokers

  • The mechanism of the expert advisor is designed for any price movement.
  • The level of mathematical expectation of profit is achieved through opening of opposite-direction transactions and closing positions opened "with trend".
  • The EA can work on all kinds of accounts and all currency pairs.
  • It is better to use the EA on a five minute chart with any currency pair.
  • Trading can start with $100 and the initial lot 0.01
  • Any broker.

Operation Principle

  • The algorithm of the Expert Advisor is based on the theory of 3-bar lows and highs by Larry Williams.
  • Orders are closed based on the total profit or by Take Profit.
  • Money Management: Fixed lot with increment option or % of the account balance.  
  • Timeframe: М5,M15,H1.
  • Indicators: standard, built in the Expert Advisor code.
  • Display of information: trade statistics, main trade settings and Expert Advisor status details are displayed on the left side of the chart. 
  • Installation: the Expert Advisor is installed in a selected folder of the MetaTrader 4 trading terminal.
  • Trade settings: all parameters have default values.
  • Optimization: based on control points. To maximize profits, it is recommended to perform optimization independently.
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Version 1.9 2017.01.12
Changed the position entry principle. Now, it is based on the Triple Screen with the additional trend filter.
Version 1.8 2015.10.08
Added new entry conditions in accordance with the PRICE ACTION strategy
Version 1.5 2015.02.24
Improved exiting from position.