CAP Joly Scalper EA MT5
CAP Joly Scalper Expert Advisor is A price Action Scalper That Trades tick Data aggressively with Reversal Trade Strategy.It uses a unique Scalper strategy, no martingale, no hedging, no grid. However, it is recommended to trade only low-spread and liquid Forex pairs.
- This EA only works on EURUSD.
- The EA works better with tight trading parameters.
- The average profit factor during testing is above 2.3.
Trading RequirementsCaution is advised. In order to trade this EA, you need the following:
- A good broker, with low spreads and stop levels.
- A good Internet connection.
- A lot of stamina.
- Works great on ECN or low spread account (no more than 2 pips).
The Expert Advisor uses tick data. Please backtest the M1 timeframe in "every tick" mode and play to find the best parameters.
- PushAlert: Get Mobile Alert When New Open Trade.
- StopLoss: Distance to Fix Loss in points.
- Tradesignal: The Trade Signal represents the directional volatility needed to Trade. Increase value for better performance and less trade.
- Limit: Distance to points in Reverse.
- TrailingStart: Distance to start trailing.
- UseMM: if it is True, the lot Will be Calculated automatically. If false, LotSize is traded.
- FixedLots: FixedLots to Trade if UseMM = false.
- MinLots: Set Minimum Size lots of your account.
- MaxLots: Set Maximum Size lots of your account.
- RiskPercent: Risk Allocation per Trade. Lot is chosen automatically based on percentage of the balance.
Please find optimized settings for live trading in the comments tab, so I can post updated ones at any time.
Author: Capilta Forex Solutions