Afsida Improved Combined Scalper
- Experts
- Teng Qi Sheng Joshua
- Version: 1.1
- Updated: 5 November 2021
- A reversed engineered and improved version of the extremely popular AFSID scalper (afs-id.com).
- Includes re-modeled versions of these 2 well received scalping programs: "AF-Fibo", and "AF-TrendKiller".
- Take note that this is a high risk scalper
- Though improvements have been made to mitigate some of the risks, the risks inherent to martingale scalpers still exists, so use it at your own risk.
afsida Scalper (improved AFSID)
- This is a simple martingale scalper which works on any pair (1 Hr Chart recommended)
- Users are recommended to start with the following 3 pairs first: EURJPY, GBPUSD, and GBPJPY
- Some sample set files for can be found here:
- Using the Martingale Recovery method is optional but highly recommended
- Our Martingale recovery method is designed to be slower and more subdued than traditional martingale methods which doubles each trade resulting in quick and huge drawdowns and margin calls
- To turn the martingale recovery method off, ensure that the "Stop Loss" input parameter has a value that is lower than the "Point Step" input parameter
- Use it only at your own risk, do not use capital you cannot afford to lose
Recommended capital: $4k - $5k per chart, based on starting lot size of 0.01
Recommended Chart: 1Hr
What's New:
- Extremely lean code and fast strategy testing
- New input parameters to reduce risk, such as TP multiplier (or de-multiplier), Point Step multiplier, Stop loss (you'll be surprised that the original version does not come with a stop loss)
- New input parameters to enhance trading, such as Lot exponent multiplier, Open Subsequent trades on new candle, etc...
INPUT PARAMETERS
Trade Settings
- Lots - The lot size of the first trade. If input is less than 0.01, it will be rounded to 0.01 which is the smallest lot tradable with most brokers
- Lot Exponent - The rate at which the lot size increases
- Lot Exponent Multiplier - The rate at which the Lot Exponent increases
- Take Profit - Amount of profit (in points) that has to be earned (per mini-lot) before the trade closes.
- TP Multiplier - The rate at which the 'Take Profit' level changes (this should preferably be less than 1.)
- Point Step - The minimum distance (in points) before the next trade is allowed to be placed
- Point Step Multiplier - The rate at which the Point Step increases
Risk Management
- Stop Loss - The amount of loss (in points) that has to be incurred before the trade closes. An input of zero nullifies this input.
- (To turn the martingale recovery method off, ensure that the "Stop Loss" input parameter has a value that is lower than the "Point Step" input parameter) - Max Open Orders - Maximum open orders allowed, after which, the EA will not open new orders
- Open Subsequent trades on new candle - If set to true, all recovery (average-down) trades can only open at the start of a new candle
- Open only if current price is worse off than previous trade - If set to true, all recovery (average-down) trades can only open if all the trades in the set are in a loss
EA Settings
There are 2 inbuilt scalpers modeled based on these two popular scalpers: AF-Fibo, and AF-TrendKiller.
- Fibo/TK active - this allows you to individually turn on/off each of the 2 inbuilt scalpers.
- Close on equity drawdon % - if set to true, all trades in that set will close once drawdown of that set reaches a predefined percentage in the next parameter
- Drawdown % that will trigger close - if the previous parameter is true, all trades in that set will close once drawdown of that set reaches this percentage of equity
- Text - The text that will show up in the trades opened by this in-built scalper
- Magic index number - Identification number for the trades placed by this in-built scalper. Any random number will do.
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