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Limit Scalper

299 USD

Demo downloaded: 335

Published: 17 December 2020

Current version: 1.9

Limit Scalper

Name: Limit Scalper
Price: 299.00 USD
Rating: 5 (1 reviews)
Author: Heiko Kendziorra

Experts
Heiko Kendziorra
Version: 1.9
Updated: 13 September 2022
Activations: 8

Buy the dip - sell the spike.

This simple strategy, executed with limit orders, makes slippage your friend.

The extended Take Profit sets no limits to profits, often profits far above the normal scalping profit are achieved. See screenshots below.

No martingale, no grid, always just one order open with StopLoss.

Live Signal: https://www.mql5.com/en/signals/1495331

The default settings are for GBPUSD M5 chart.

Timing is important! Set SetUTC (GMT) according to the timezone of your broker! More info in Comments.

For a correct backtest download M1, M5, H1, D1 and W1 data for the test period.

Settings

SetUTC - timezone. Default set UTC=2 is best, used by many brokers
Auto_Moneymanage: automatic money management On or Off
MiniLots: if true, Auto_Moneym. has steps of 0.01 lot
MaximumRisk: % of account free margin set on risk for a trade
Lots: lot size if Auto_Moneym. is disabled

StopLossBuy: distance of stop loss
TakeProfitB: points profit when a buy order is closed
EntryB: points the limit buy is set higher or lower, more info in comment #2
Then follow same setting for Sell orders
HrFriStop: hour EA stops opening orders Fridays (24 = disabled)
HrFriClose: hour when the EA closes open orders Fridays (24 = disabled)
magic: magic number
DrawLines: draws Highs and Lows of former days, weeks in the chart. Mouseover shows the name of the line.
The EA orientates on these lines. More info in the description of the indicator: Support Resistance Free

Following settings for advanced users to deactivate trading at certain hours.

Start, stop and a pause can be set, seperate for buy & sell and for every day of the week. For Monday buy:

MonHourStartB
MonHourStopB
MonHourPauseB

Then follow the sell settings and the same for next days. A day is completely deactivated if HourStart & HourStop are equal.

Note: A pause can be one hour or up to 10 hours.

The 'hundreds' before the 'pause-hour' number determines how many hours more the pause lasts.

A setting like: TueHourPauseS=509 means:

The pause for sell starts at 9 and goes on the 5 following hours, so here from 9-14. (14 included, still pause)

In the 'Experts' log a pause is indicated at the start of every hour with pause, for the case above: Pause Tue Sell hr 9-14

Before version 1.5 the Limit Scalper start and end hours were limited internally from 9 -19h.

With the added settings it is also possible to widen the trading hours- or to check if the strategy works with other pairs at certain hours.

more...

1042

Happy Scalper 2022.01.07 02:57 #

Hello Heiko. Been trying out your Limit Scalper on demo for a couple of weeks now and I can't believe how great this EA performs. GBP/USD works great, but the EUR/USD just doesn't perform well at all, even when I change the pair settings in the inputs. Going to go live on January 16th. Will let you know how this performs on a live account. Thanks for a great EA. Happy trading!

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The unique Levels EA trades dozens of profitable strategies in any chart. All strategies are easy to understand, can be edited and changed to trade other strategies, currencies, CFDs or timeframes. A handful of strategies can be downloaded in the Comments section and with some time and patience everybody can program own trading strategies without programming knowledge. With a little analytical mind it should be easy. No martingale, no grid, always just one order open with StopLoss. Levels

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Buy The Dip Util is an halfautomatic expert advisor (EA), to buy on dips (days lows) and sell on spikes (days highs). A profit can exceed a loss trade up to 10 times , so the user can have several loss trades and still make profit. Orders are opened at the change of the hour , if a button in the chart is pressed. The Buy The Dip as EA does this automaticly. The order stoploss is automaticly set right below the low of the former hour (buy) or right over the high (sell). The position s

69 USD

Black Night is more than just another night scalper. It is focused on safety first for a long-term stable growth: It does not open trades in the difficult rollover hour when the spreads widen and liquidity is low. If a trade is open it does not open trades in correlating currency pairs. It starts trading one hour before the 'usual' night scalping time to take profit without swap and before spreads widen - if possible . It needs no set files and works fully automatically with the d

299 USD

Black Night is more than just another night scalper. It is focused on safety first for a long-term stable growth: It keeps trading activity low in the difficult rollover hour when the spreads widen and liquidity is low. It starts trading one hour before the 'usual' night scalping time to take profit without swap and before spreads widen - if possible . If a trade is open it does not open trades in correlating currency pairs. It needs no set files and works fully automatically

299 USD

Scalpelo is a unique full automatic trading system that cuts many small chunks out of market movements non-stop 24 hours a day with surgical precision. In EURUSD it opens trades with limit orders, so slippage becomes your friend and internet speed is not an issue. NO m artingale, grid trading or other dangerous method used, that at the end erases your account. Always just one order open with StopLoss. Live Signal >> The default settings are for EURUSD M5 chart. Settings SetUT

299 USD

Trade any currency, crypto, cfd or stock in any timeframe depending on 2 moving averages , from scalping to position trading. All parameters and functions can be modified and de/activated in the settings, there's no hidden algorithm. The Universal Moving Average Expert Advisor ( UniMA EA ) trades a simple strategy that works well with dozens of profitable settings. All backtest results shown in the screenshots below and tradet in the signals can be tested with the provided set files in the co

199 USD

Outbreak is a fully automated robot that follows breakouts in EURUSD. It opens several trades a day and closes them the same day. Always just one order open with StopLoss. More than 80% of the trades are profitable in historical backtests and in the Live trading signal >> Live tradingl of the second strategy here >> NO m artingale, grid trading or other dangerous method used, that at the end erases your account. Usually Outbreak is scalping the market, cutting small profits

399 USD

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12988

Cristian Mihail Pauna 2022.09.23 14:48 #

Negative feedback!

188

Lorence Jordi 2022.04.04 19:12 #

I tested, optimized this expert a lot and got very impressive results in every year. My tests were performed with the real tick date with 99,90% accuracy, i used tickstory, and tick data suite too. The important difference between the default setting and mine is that i widened the stop loss and take profit numbers. This way the win rate increased a lot and even during the begining of the war of the war it performed okay, when other experts collapsed. I really recommend this expert, just set the tp/sl over 250 and optimize to your taste. Use always 99% accurate data and every tick option, without that its a waste of time. The author always responds, thats an important part too. Have a nice one!

10906

Reply from developer Heiko Kendziorra 2022.04.17 10:52 #

Thank you for your review and your advice for the settings! I'll consider your settings in optimizing the next version. Good trades!

1042

Happy Scalper 2022.01.07 02:57 #

10906

Reply from developer Heiko Kendziorra 2022.01.17 10:11 #

Hello, thanks for your review! Limit Scalper is made for GBPUSD, EUR/USD doesn't move enough for this strategy, it has too low volatility. Good trades!

Version 1.9 2022.09.13

Backtest result improved

Version 1.8 2022.05.22

Backtest result improved

Version 1.7 2022.04.18

Auto change entry level added

Version 1.6 2022.04.17

Settings EntryB and EntryS added

Version 1.5 2022.03.08

Settings added to deactivate trading at certain hours

Version 1.4 2022.01.26

Bug fixed

Version 1.3 2022.01.03

Take Profit system improved

Version 1.2 2021.03.14

Backtest result improved

Version 1.1 2020.12.27

Additional strategy added