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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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Boring Pips MT5
Thi Thu Ha Hoang
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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
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Enrique Enguix
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Why do most EAs fail? Many Expert Advisors rely on temporary statistical advantages that disappear when the market changes, which happens continuously. The problem of over-optimization Moreover, most developers fall into the trap of fine-tuning their EAs to achieve perfect results in the past, without realizing that this won't translate to future market performance. It is crucial to conduct tests that consider future scenarios. The importance of diversification It is crucial n
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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