Otter Scalper

Otter Scalper is a 100% automated trading robot. It uses a very effective breakout strategy. The money management is automatic. A position is taken when a high or low is reached. The position is secured as soon as possible and followed with a trailing stop loss.


As the average profit is small, it is advisable to trade with a small spread. The performance of the robot can therefore change depending on your broker. It is also strongly recommended not to use this robot if your broker uses commissions. These will prevent you from winning on the long term because they are too important for the gains per trade.


Feel free to share your different settings with others in the comments if you think they are better.


Advice : 

Trading pairs EURUSD, USDJPY
Timeframe H1
Minimum deposit 
 500$


Settings :

Order managment :

Take profit = Number of take profit points above the entry price

Stop loss = Number of stop loss points below the entry price

Trailling stop [0=off] = Maximum number of stop loss points below the price once triggered

Trailling stop start [0=off] = Number of points above or below the price to trigger the trailing stop loss 

Increase trailling stop [0=off] = Increase in trailing stop loss in points

Increase trailling stop if price up [0=off] = Increase in trailing stop loss if price gains x points

Max increase trailling stop = Maximum increase in trailing stop loss

New order if further price = Move the price in points away from the highest or lowest to add a new order

Fixed lot ? = Activation of a fixed or risk-based lot

Fixed lot = Fixed lot size

Risk % = Risk by position


Time filter :

Time filter = Activation of the robot for certain hours

Start hour = Start hour of the robot

Start Minute = Start minuteof the robot

End hour = Hour to stop the robot

End minute = Minute to stop the robot

Close trades Friday = Close trades at the end of the week

Close hour = Hour for closing trades

Close minute = Minutes for closing trades


Other settings :

Magic number = Identification of the robot

On new candle = New order only on new candles

Candles before exhaling = Number of candles before expiration of the orders

Range candles higher lower = Range for higher/lower

Lose max by days % = Maximum loss per day

Comment = Activation of comments


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Quantum Bitcoin EA : There is no such thing as impossible, it's only a matter of figuring out how to do it! Step into the future of Bitcoin trading with Quantum Bitcoin EA , the latest masterpiece from one of the top MQL5 sellers. Designed for traders who demand performance, precision, and stability, Quantum Bitcoin redefines what's possible in the volatile world of cryptocurrency. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup i
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Introducing   Quantum Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Emperor EA and you could get Quantum StarMan for free !*** Ask in private for more details Verified Signal:   Click Here MT4 Version
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WANT THE SAME RESULTS AS MY LIVE SIGNAL?   LIVE SIGNAL:  https://www.mql5.com/en/signals/2366724 Use the exact same brokers I do:   IC MARKETS  &  I C TRADING .  Unlike the centralized stock market, Forex has no single, unified price feed.  Every broker sources liquidity from different providers, creating unique data streams. Other brokers can only achieve trading performance equivalent to 60-80%. Forex EA Trading Channel on MQL5:  Join my MQL5 channel to update the latest news from me.  My com
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cansinc
56
cansinc 2023.02.28 12:03 
 

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Shinji Tanaka
131
Shinji Tanaka 2023.02.01 00:18 
 

User didn't leave any comment to the rating

Esteban Thevenon
4071
Reply from developer Esteban Thevenon 2023.02.01 07:45
Hello, It is normal that the robot takes only small profits, it is all strategy. Please refer to the description of the robot. All the changes you mention are available in the settings
Joseph Nguyen
106
Joseph Nguyen 2023.01.25 19:37 
 

User didn't leave any comment to the rating

Konstantin
180
Konstantin 2023.01.24 23:26 
 

User didn't leave any comment to the rating

Esteban Thevenon
4071
Reply from developer Esteban Thevenon 2023.01.25 08:57
Thank you very much for your feedback. I have indeed spent a lot of time fine-tuning this robot even if it is not yet perfect. Be careful to understand its strategy and how it works before potentially trading with a real account.
Lis28872
261
Lis28872 2023.01.23 19:41 
 

User didn't leave any comment to the rating

Esteban Thevenon
4071
Reply from developer Esteban Thevenon 2023.01.23 21:14
Thank you very much for your review ^^
Not AizU
139
Not AizU 2023.01.20 20:53 
 

User didn't leave any comment to the rating

Esteban Thevenon
4071
Reply from developer Esteban Thevenon 2023.01.23 21:15
Hello, Thank you very much for this review.
There are several reasons for this:
-check that algorithmic trading is enabled
-Check that you only have this problem with this robot (if not, then it's an authorization problem on your MetaTrader)
-Check the "Journal" tab to see if you have any errors (wrong settings, not enough money, etc)
-Have a look at this site: http://fxcraft.biz/en/knowledge-base/why-your-ea-doesnt-work/
92179801
41
92179801 2023.01.16 12:09 
 

User didn't leave any comment to the rating

Esteban Thevenon
4071
Reply from developer Esteban Thevenon 2023.01.16 18:51
Hello, There are several reasons for this:
-check that algorithmic trading is enabled
-Check that you only have this problem with this robot (if not, then it's an authorization problem on your MetaTrader)
-Check the "Journal" tab to see if you have any errors (wrong settings, not enough money, etc)
-Have a look at this site: http://fxcraft.biz/en/knowledge-base/why-your-ea-doesnt-work/
30442893
29
30442893 2023.01.15 15:44 
 

User didn't leave any comment to the rating

Esteban Thevenon
4071
Reply from developer Esteban Thevenon 2023.01.16 08:43
Thank you very much for your review ! Okay, I will add an option for the volume ^^
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