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Prospector Scalper EA

The Prospector Scalper EA is a fully automated Expert Advisor that scalps during high volatility periods using a hybrid lot multiplication algorithm. The EA trades using market orders and hides its decision making from the broker. This EA will work on any pair but works best on EURUSD and USDJPY on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Drawdown risk control
  • Always a stop loss in place
  • Only one trade open at any time per pair
  • Hedge and Net account compatible
  • This system is NFA/FIFO compliant
  • No Grids
  • All you need is a VPS


Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots – Starting lot. Values from 0.01 to 0.02.
  • LotMultiplier – Last trade loss lot size multiplier. Values from 1.5 to 2.0.
  • LotMultiplierStart - Which trade in the sequence to start multiplying lots, higher values reduce chance of drawdown. Values from 0 to 100.
  • LotLimit – Maximum lot size before giving up on the trade sequence. Values from 10 to 100.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • AllowNewTrades - Turn this off to disable new trade sequences, true/false.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • StopLoss – Stop loss per trade in pips. This is only an emergency stop loss, should be set higher than TakeProfitMax. Values from 50 to 200.
  • TakeProfit – The invisible take profit increments in pips, should be small. Values from 3 to 8.
  • TakeProfitStart – The initial invisible take profit in pips, should be small. Values from 3 to 8.
  • TakeProfitMax – The maximum target profit in a sequence of trades. Values from 40 to 100.
  • StopLossMultiplier – The invisible stop loss ratio to invisible take profit. Values from 0.4 to 1.0.
  • EnterOnATR – Starts trade sequences on ATR increase, true/false.
  • ATRPeriod – The ATR period used for volatility detection. Values from 3 to 28.
  • ATRThreshold – The ATR threshold limiting when new trade sequences can start. Values from 4 to 14.
  • ReverseEntry – Starts trade sequences against the current trend, true/false.
  • LimitedTradeHours – Limit hours of trading by listing hours not to trade, separated by commas, for example: 5,8,12-15.

Optimization & Defaults

Default input values are for EURUSD M5. If optimizing, optimization of ATRPeriod, ATRThreshold, ReverseEntry, StopLossMultiplier and TakeProfit are needed to find the best results.

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Please do not   pm   me if you are asking for:  Discount ( Price will go back to original price 3800 in the future ) Backtesting result ( We don't trust mislead informations ) (LOJ IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to ve
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Asesores Expertos
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Asesores Expertos
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Profalgo Limited
4.56 (32)
Asesores Expertos
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Dilwyn Tng
4.83 (24)
Asesores Expertos
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Wawan Gunawan
5 (1)
Asesores Expertos
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Parrots Breaker
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5 (52)
Asesores Expertos
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
Bitcoin Robot MT5
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Asesores Expertos
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Thi Thu Ha Hoang
4.71 (28)
Asesores Expertos
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4.1 (39)
Asesores Expertos
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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Lo Thi Mai Loan
5 (12)
Asesores Expertos
¡Promoción de lanzamiento! ¡Quedan solo algunas copias al precio actual! Próximo precio: 1533 $ Precio final: 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT4:  https://www.mql5.com/en/market/product/113580?source=Site+Market+Product+Page For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news US30 Scalp
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Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
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Versión 1.3 2020.05.20
Added EnterOnRSI, RSIEntryPeriod & RSIEntryThreshold options.
Versión 1.2 2018.05.29
Minor bug fix