First Scalper MT5

5

First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA  doesn't need any professional information or Forex Trading Knowledge.
First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author.


Using EA :

  • General Options
    • Trade Type : Long/Short/Both
    • Stop Trading : if true, EA doesn't open a new position. Only manage already opened.
    • Maximum Spread to Open Position : Spread to stop trading
    • Magic Number : Any constant ID.
    • Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.


  • Closing Positions
    • Action for in-Loss Positions : Wait for TP,Stop Loss, One Step Averaging, Two Step Averaging
    • Take Profit Mode : Manual, Automatic
    • Take Profit : TakeProfit in Points
    • Stop Loss : StopLoss in Points. Only act if the StopLoss option is selected above.
    • 1st Step Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.
    • 1st Step Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
    • 1st Step Averaging Take Profit : TP1 if averaging selecting above.
    • 2nd Step Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.
    • 2nd Step Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
    • 2nd Step Averaging Take Profit : TP2 if averaging selecting above.


  • Volume Settings
    • Volume Calculation Method : Fixed, Dynamic Lots or Risk Percent based on Balance/Equity/Free Margin
    • Fixed Lots : Volume of trading
    • Lots Per 1000 : Volume per 1000 Balance/Equity/Free Margin
    • Risk Percentage
    • Maximum Volume Per Trade
    • Minimum Volume Per Trade


  • Trailing/Break Even
    • Trailing Stop Loss : Enable/Disable Trailing Stop
    • Trailing Start : Trailing Start Distance in Points.
    • Trailing Stop : Trailing Stop Loss Distance in Points.
    • Trailing Step : Distance to apply Trailing Stop Loss in Points.
    • Break Even : Enable/Disable Break Even
    • Activate Break Even After Loss : Distance to apply Break Even in Points


  • Day and Time Filters
    • There are options to stop trading on specific days and hours


  • News Filter Inputs
    • Block Trading During Low Impact News
    • Minutes Before/After Low Impact News
    • Block Trading During Medium Impact News
    • Minutes Before/After Medium Impact News
    • Block Trading During High Impact News
    • Minutes Before/After High Impact News




Optimizing EA :

(important)Optimize EA for the last 6 month before using, and update optimization every 1-2 month.
There is no any parameter to optimize EA signal engine. The only parameters are user money management inputs.
Optimization of EA is so fast and easy.

We recommend these Optimization inputs :

  • Load all Default Values
  • Test with Every Tick Based on Real Ticks
  • 1st Step Averaging Distance : 200 to 500 step 150
  • 1st Step Averaging Volume Multiplier : 2 to 8 step 3
  • 1st Step Averaging Take Profit : 100 to 200 step 100
  • 2nd Step Averaging Distance : 400 to 1300 step 300
  • 2nd Step Averaging Volume Multiplier : 8 to 32 step 8
  • 2nd Step Averaging Take Profit : 100 to 200 step 100

The above settings are for an account with 5-digit quotas.You can use any other settings for optimizing the EA based on your trading strategy.
It is strongly recommended to optimize EA based on the example demonstrated in the video attached below.

Recommendations and Using Conditions :

  • EA Only works on Hedge Accounts (netting is not supported)
  • You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
  • If you attach EA to multiple charts, decrease volumes to reduce your risk.


We are ready to help you for using the EA, Please don't hesitate to contact us.
Visit our other useful utilities, Indicators and experts here.


Reviews 4
Marcel Bühler
1500
Marcel Bühler 2022.12.30 15:49 
 

Once a year some very long candles and it rips it off as any other EA. With a stop out EA at the same time not many better EA to find for this price.

Supercocco
77
Supercocco 2022.02.25 09:22 
 

2 months and I got good results. it is important to optimize it every month because the market is always changing. But it works for now.

skafolder
278
skafolder 2021.06.18 20:38 
 

At the moment it's the only real EA that hasn't cleared my account. This is already a huge success. All the EAs I tried, ended up the same way: account cleared after a few trades. So it works fine for me. Tks to developer.

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Definition : Risk Monitor is an expert for Analyzing, monitoring, controlling account risks. Strategy :     Analyze Each Currency Volume and Direction on Account and Sort Them     Find and Suggest Best Three Symbols in Opposite Direction (Hedging Positions) for Controlling Risk.     Analyze User-Defined Position and preview effect before placing /Closing Features of EA :     Graphical Interface     Show Risk Graph for each currency     Smart Analyze and suggest best hedging positions    
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Marcel Bühler
1500
Marcel Bühler 2022.12.30 15:49 
 

Once a year some very long candles and it rips it off as any other EA. With a stop out EA at the same time not many better EA to find for this price.

Supercocco
77
Supercocco 2022.02.25 09:22 
 

2 months and I got good results. it is important to optimize it every month because the market is always changing. But it works for now.

skafolder
278
skafolder 2021.06.18 20:38 
 

At the moment it's the only real EA that hasn't cleared my account. This is already a huge success. All the EAs I tried, ended up the same way: account cleared after a few trades. So it works fine for me. Tks to developer.

Zolman2
40
Zolman2 2021.06.17 23:56 
 

Funktioniert tatsächlich, kleine Einstellungen bezüglich Trailing Stop und Stop Loss muss man nach seinem eigenem Kontostand einstellen. 1500$ freie Margin sind meiner Meinung nach Minimum. Eröffnete Trades laufen fast immer im Plus aus. Nach testen in einem DEMO Konto mit 5000$, habe ich die Einstellungen für mein Live Konto übernommen. Ich bin sehr zufrieden. Grüsse an die Entwicklerin :) Works actually, small settings regarding trailing stop and stop loss you have to set according to your own account balance. 1500$ free margin is minimum in my opinion. Opened trades almost always run out in the plus. After testing in a DEMO account with 5000$, I have adopted the settings for my live account. I am very satisfied. Greetings to the developer :)

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