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Scalping Trading Bot X Scalping Project

447 USD

Demo downloaded: 91

Published: 14 December 2022

Current version: 0.6

Scalping Trading Bot X Scalping Project

Experts
Nico Schirrmacher
Version: 0.6
Updated: 20 December 2022
Activations: 10

What is the Scalping Trading Bot?

The "Scalping Trading Bot" (STB) is a breakout strategy. It trades the relative highs and lows and trades the break outs.

Explanation video: https://youtu.be/LL42ETJtBY0

Monitoring: https://www.mql5.com/en/signals/1801826

Forum/ Group chat: https://www.mql5.com/en/messages/017344CE0610D901

Management

STB trails its stop loss meaning floating profits are secured in a quick manner.

Note yourself!

Trading with a broker with low spreads and commissions is advised as for all your trading activities.

The "tighter" you set your trailing stop,

the more sensitive the system gets toward commission, spread and slippage.
the higher the win ratio. Be aware that the size of winning trades is also getting smaller and the system needs a relatively high winning ratio.
The default settings were used for the backtests depicted in the screenshots. There may be favorable or unfavorable settings. Test out the demo.

There are no grid or martingale functionalities used by this EA. Though not "low risk," the tests displayed below were conducted with a 4% risk per trade.

Please use only funds that you can afford to lose when trading, and be responsible with your money. Enjoy your trading!

Explanation of settings

Profectus.AI Portfolio

Make me true to turn me on: Turn on "TRUE" to switch the algo system on

Settings

Timeframe: The candle timeframe used to identify the highs and lows.
Fixed amount of money: If value is bigger then "zero", the fixed amount will be taken to open the trade.
Risk size in %: If "Fixed amount of money" equals "zero", trade will be taken in % of the account size.
BarsN [Keep it bigger then 4]: Checking for the local highs and lows

Entry filter

Min stop loss size (in Pips): Define the size of the stop loss in pips

MANAGEMENT

Close all at floating x-R: E.g., a value of 300 means that all open trades are closed when 300 USD in profits are floating
Take profit [300= 3R // 3:1 Risk to reward]: E.g., 300 means that when you risk 1% per trade on a 1000 USD account, the take profit will be at 30 USD.
Floating = unprotected profits|X-Y=Max. wiggle room
X=2=Floating at 2R in Profit: E.g., 2 means that two times the risk of an open trade must be floating in profit, before the trailing begins.
Y=1=SL moved 1R away from SL: E.g., when you got X on 2 (see prior explanation), and Y on 1 the stop loss will be trailed to 10 USD (assuming you risk 1% per trade on a 1000 USD account)

Time

Start1: hh:mm: E.g., 08:00 means that the trading system allows to place orders from 8 AM on.
Stop1: hh:mm: E.g., 20:00 means that the trading system stops to place orders from 8 PM on.
Start2: hh:mm: E.g., 21:00 means that the trading system allows to place orders from 9 PM on.
Stop2: hh:mm: E.g., 22:00 means that the trading system stops to place orders from 10 PM on.

Weekdays

Monday: E.g., "true" means that the trading system allows to place orders on a Monday
Tuesday: E.g., "true" means that the trading system allows to place orders on a Tuesday
Wednesday: E.g., "true" means that the trading system allows to place orders on a Wednesday
Thursday: E.g., "true" means that the trading system allows to place orders on a Thursday
Friday: E.g., "true" means that the trading system allows to place orders on a Friday

Machine_Room

Nut_Screw_2: Can be ignored, since this variable is for the backend of the system
Lose_Knob_3: Can be ignored, since this variable is for the backend of the system
Nut_Screw3: Can be ignored, since this variable is for the backend of the system

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