Let me introduce a new scalper which works at night when price fluctuation is not sizable.
- The EA needs a broker with low night spreads to work properly.
- Minimum deposit is 100$.
- Recommended time frame is 15М.
- To make the EA setting more flexible we placed a part of parameters in settings. Other parameters are calculated automatically.
- We recommend to run the EA on volatile pairs without sharp rises.
1. General parameters
- сomment – comment to order opening.
- expiration – slippage in points.
- MagicNumber – unique order number (required to distinguish orders opened by this EA from other orders)
2. Trading parameters
- MM - enable/disable automatic lot management (money manager).
- MaximumRisk – risk to manage the lot.
- MaxSpread – value of maximum spread in points with which the EA will open a trade.
- StartHour – start hour to trade.
- StopHour - stop hour to trade.
- Lots – lot for trading when MM is disabled.
- TP – Take Profit value in points.
- SL – Stop Loss value in points
3. Parameters of signals to open/close positions
- рeriod – period used to calculate the channel.
- сorridorpips – minimum channel width in points to perform a trade.
- PipsTraid – height of the price overrunning the channel to open a position.
- PipsClose – height of the price overrunning the channel to close a position.
4. Trailing Stop parameters
- Trailingstop – enable/disable Trailing Stop.
- start – distance in points from the open price for Trailing Stop.
- shag – Trailing Stop step.
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Improved the market entry algorithm.
countBars - number of bars from history to detect the channel.
Nremoved - number of times the price leaves the channel for making trading decisions.
It is recommended to change these parameters within 0....30 during the optimization.