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Early Morning Scalper ATR

Introducing Early Morning Scalper ATR: Precision Trading During Asian Forex Market

A breakthrough in forex trading automation, the Early Morning Scalper ATR Expert Adviser offers a fully autonomous solution meticulously engineered for a specific window of opportunity—the early hours of the Asian Forex market.

At its core, this innovative tool employs an advanced algorithm that orchestrates forex trading seamlessly. Augmenting its prowess are sophisticated internal indicators, which deftly identify, analyze, and interpret intricate price ranges, temporal dynamics, and market strength by discerning even the subtlest deviations.

Early Morning Scalper ATR is equipped with primary Stop Loss and Take Profit functions, serving as a safeguard for users' account balances. However, the true marvel lies in its dynamic order management, expertly harnessed by an enhanced Trailing Stop feature. Through this, the Expert Adviser adeptly maneuvers, making intelligent decisions about position closure, finely tuned to the evolving market tendencies and conditions.

Intricately woven into the tool's framework are spread and slippage control filters, acting as sentinels against unwarranted entries. A steadfast shield in highly volatile conditions, this mechanism diligently safeguards the account balance from encountering substantial losses. Designed with precision, Early Morning Scalper ATR aligns itself with the systematic rhythms of the Asian Forex market session. Yet, the individual trader retains autonomy over the trading hours, tailoring the experience to their preferences.

The Early Morning Scalper ATR epitomizes the fusion of cutting-edge technology and strategic finesse, offering traders a vital ally during the crucial opening hours of the Asian Forex market.


[Signal]
https://www.mql5.com/en/signals/1278048?source=Site

  • Recommended currency pairs: EURAUD, EURCAD, GBPAUD, GBPCHF, GBPCAD, AUDCAD
  • Recommended timeframe: M5
  • General recommendations: VPS


Notable Features

  1. Strategic Market Entry: Initiate positions exclusively in the early hours of the Asian Forex market.

  2. Balanced Safeguard: Employ a judicious blend of Stop Loss and refined trailing mechanisms to bolster account balance security.

  3. Insightful Market Analysis: Leverage sophisticated internal indicators adept at dissecting market tendencies and gauging their robustness.

  4. Precision Spread Control: Employ a perceptive spread filter, meticulously designed to ensure strategic entry and exit points.

  5. Resilient Slippage Management: Harness a resilient slippage filter, acting as a steadfast bulwark against unforeseen market irregularities.

  6. Optimized Performance: Engineered for CPU and memory efficiency, the program ensures seamless functionality without imposing undue strain on the PC's resources.

The confluence of these features within the Early Morning Scalper ATR underscores a commitment to informed, balanced, and resource-conscious trading strategies, particularly tailored to the nuances of the Asian Forex market's early hours.


Parameters

In the pursuit of tailor-made trading strategies, the Early Morning Scalper ATR places the reins of control firmly in your hands. The parameters provided below facilitate a nuanced approach to trading:

  • OrderComment: Craft a distinctive order comment to personalize your trading footprint.
  • Magic: Input your chosen magic number, avoiding the use of 0 for optimal differentiation.
  • GMTOffset: Adjust this parameter in alignment with your broker's GMT offset (Default: 3).
  • GMTOpenHour: Determine the Expert Adviser's activation time (Default: 21).
  • GMTCloseHour: Set the time at which the Expert Adviser concludes its activities (Default: 22).
  • GMTAllCloseHour: Define the time for universal position closure by the Expert Adviser (Default: 23).
  • Weekday Trading Halt: Specify "True" to halt trading on specific weekdays, from Monday to Friday.
  • Long and Short Trading Halts: Configure "True" to restrict either long or short position openings.
  • Lot Customization: Opt for "True" or "False" to trigger AutoLots, and if selected as "False," set a fixed lot size.
  • Lot Size Per Account Balance: Adjust lot sizes proportionate to account balances if AutoLots is set to "True."
  • Max Spread and Slippage: Define maximum acceptable spread and slippage values.
  • Take Profit and Stop Loss: Precisely define Take Profit and Stop Loss levels.
  • Entry Stop Loss: Specify the Entry Stop Loss value for refined trade initiation.
  • Trailing Stop Activation: Activate the trailing stop function by selecting "True."
  • Averaging Customization: Set to "True" or "False," and if "True," select Normal or Martingale AveragingMode.
  • Averaging Distance: Optimal values fall between 15 to 18, guiding the averaging function.
  • Maximum Lots Caution: Exercise prudence with the MaxLots parameter, as it carries account implications.
  • ATR Filter Activation: Activate the ATR Filter by selecting "True."
  • Halt on Multiple Losses: Trigger a trading halt if StopLoss is reached, with options "True" or "False."

These parameters empower traders to fine-tune their strategies, reflecting the nuances of their trading preferences while maintaining a vigilant approach to risk management.



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Version 3.70 2021.11.23
Internal parameter update
Version 3.60 2019.09.17
1. Improvement of the general logic.
2. Bug fix of the trailing.
3. Now it's editable the open-close hour by the settings.
Version 3.20 2018.06.20
New parameters:

"Prefix", "Suffix", and "StopMultipleLosses".