YKL Scalper Light
YKL Scalper Strategy Light
Moving Average deviation strategy
This EA strategy is based on the price distance from the moving average, operating the indicator Moving Average, MT5 standard indicator.
Basically the EA monitors the moving average price distance, according to the parameter DX input by the user. When the distance reaches the DX, EA begins a buy or a sell operation, with the objective to return to the moving average.
If the price is above moving average and reachs the DX distance input by the user, EA starts a sell trade at market price. If the price is below the moving average and reachesthe DX input by the user, EA starts a buy trade at market price.
This is a scalping strategy, which means that performs lots of short trades throughout the day. It is recommended to use exponential moving average with short timeframes (1 min, 2 min), besides having a compatible infrastructure to have minimum latency between MT5 and your broker.
This EA is optimized to trade with WIN (B3 mini index) and WDO (B3 mini dolar) from Brazilian B3 (Bovespa, BMF). However it can trade with other assets from Brazilian market and international market such as currency pairs (EURUSD, USDJPY, GBPUSD, etc.). Ideal for DAY TRADE operations, but EA performs SWING TRADE according to user setup.
The EA profile is moderate once with low number of contracts is possible to have expressive gains in medium, long term, with a controlled risk (low capital drawdown and relevant profit factor. It is recommended EXTREME caution with increases since they are exponential.
Minimum available funds necessary in MT5 to use this EA is R$1.000,00 for each contract (WIN or WDO). It is recommended to use a VPS or dedicated computer with good internet connection and low latency to the broker (recommended latency below 5 ms for better results).
- See complete documentation, EA parametrization and some example setups on the link below:
Send me a message here in MQL5 community or send an e-mail to email@example.com.