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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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Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is   Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool
Apocalypse Gold
Xian Qin Ceng
5 (7)
The original price is $399. The $300 promotion ends in 24 hours! Gold has risen 25% in about a year, which is crazy, so I manually placed a long Sell order on August 23. This trade once brought a profit of $15, but I thought it was possible to get a bigger profit, so I chose to hold it. Gold continued to rise, but I would not change my judgment that gold would return to $2,400. Don't be confused, this is a manual order, EA's orders usually stop loss at $1--3, and rarely may trigger a maximum st
Daytrade Pro Algo MT5
Profalgo Limited
4 (9)
Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP: Click here Set Files Welcome to DayTrade Pro Algo!  After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independent
Dark Algo MT5
Marco Solito
5 (52)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
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Deer Ma
Esteban Thevenon
5 (1)
Deer Ma is a highly advanced trading robot designed for efficient trading in the financial markets. This fully automated software utilizes two moving averages and other advanced indicators to analyze the markets and make trading decisions based on scalping or trend trading strategies. The software's cutting-edge algorithm ensure that it can quickly and accurately identify trades, while its advanced money management features enable it to minimize risk and optimize the results. Whether you are a n
EA Toolkit
Esteban Thevenon
EA Toolkit is a library that allows any developer to quickly and easily program Advisor experts. It includes many functions and enumerations such as trailing stop, lot, stop loss management, market trading authorisations, price table updates, trading conditions and many more. Installation + Documentation : You will find all the information to install this library and the documentation of its functions on this GitHub : https://github.com/Venon282/Expert-Advisor-Toolkit WARNING : The installatio
Otter Scalper Gold
Esteban Thevenon
Otter Scalper Gold is an expert advisor that operates on the breakout strategy. The EA detects the highs and lows based on a specified range of candles and places Stop or Limit Orders accordingly. Otter Scalper Gold provides several types of stop loss options, including a wide choice of different stop losses to match your trading strategies. The EA includes advanced money management and risk management systems to help minimize losses and maximize profits. You can use Otter Scalper Gold for scalp
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cansinc
56
cansinc 2023.02.28 12:03 
 

User didn't leave any comment to the rating

Shinji Tanaka
128
Shinji Tanaka 2023.02.01 00:18 
 

User didn't leave any comment to the rating

Esteban Thevenon
4012
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
206
Joseph Nguyen 2023.01.25 19:37 
 

User didn't leave any comment to the rating

Konstantin
65
Konstantin 2023.01.24 23:26 
 

User didn't leave any comment to the rating

Esteban Thevenon
4012
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
262
Lis28872 2023.01.23 19:41 
 

User didn't leave any comment to the rating

Esteban Thevenon
4012
Reply from developer Esteban Thevenon 2023.01.23 21:14
Thank you very much for your review ^^
Not AizU
126
Not AizU 2023.01.20 20:53 
 

User didn't leave any comment to the rating

Esteban Thevenon
4012
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
39
92179801 2023.01.16 12:09 
 

User didn't leave any comment to the rating

Esteban Thevenon
4012
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
4012
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 ^^
Reply to review
Version 1.7 2024.01.31
- Daily max win
Version 1.6 2023.01.31
-Improved comments
-Fixed the bug of cohabitation with several experts
Version 1.4 2023.01.26
-Closing of positions on Fridays
Version 1.3 2023.01.25
-Magic number added to the settings
Version 1.2 2023.01.24
-Minor change
Version 1.1 2023.01.16
-Adding fixed lots