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Trady McScalpFace

This Expert Advisor uses a scalping strategy, trading breakout from relative highs and lows, is highly customizable and features drawdown-protection, time/day-filtering, etc. 

No Martingale/Grid system used. Please do your own backtesting and optimazation, no guarantees given.

Have fun trading!

Features

Trade Signal

  • Buy signal: Relative High of previous number of bars.
  • Sell signal: Relative Low of previous number of bars.

Stoploss Strategy

  • Fixed Stoploss, with or without Trailing Stoploss.
  • Chandelier Exit, based on Average True Range. 
Exit Strategy
  • Fixed Take Profit.

Lotsize Management

  • Lotsize automated by procentage of balance.
  • Fixed lotsize.

Time/Day filters

  • Pause trading on specific weekdays.
  • Close all orders at specific time of day. 
  • Close all positions at specific time of day. 

Account Protection

  • Maximum daily drawdown, procentage and/or amount of equity - Time of daily reset customizable.
  • Maximum total drawdown, procentage and/or amount of equity - Start balance customizable. 

INPUT PARAMETERS

----- Volume Settings -----

Managed or Fixed Lotsize: Choose between Managed Lot size or Fixed.

Fixed Lotssize: Fixed Lot size amount.

Procentage Based, Risk %: Procentage of balance to risk, when using Managed Lot size.

Max Lots to Trade (0 = Unlimited): Maximum lotsize. 


----- Signal Settings -----

Timeframe: Timeframe to trade, default = Current Timeframe

Stoploss Strategy: Option to choose between Fixed Stoploss or Chandelier Exit

Bars to Analyse: No. of periods to analyze and find relative high/low. 


----- Fixed Stoploss Settings -----

Stoploss Points: Stoploss Points from open price to SL.

Trailing Stoploss Trigger (0 = Deactivated):  The Trailing Stop is activated when the positions profit is past Trailing Stoploss trigger.

Trailing Stoploss Points: Amount of points to trail after Trailing Stoploss Trigger is activated. 


---- Chandelier Exit Settings -----

Average True Range Period: No. of periods to calculate ATR.

Chandelier Exit Multiplier: Defines the stoploss distance based on ATR.


----- Take Profit Settings -----

Take Profit Points (0 = Deactivated): Take Points from open price to TP.


----- Time Filter Settings -----

Time Filter: On/Off 

Tradingwindow Start: Time of day to start trading (Note: Close all Position should be befines aswell).

Cancel Pending Orders: Time of day to cancel all orders.

Close all Positions: Time of day to close all open positons.


----- Day Filter -----

Trade Monday: Enables/Disables trading on this weekday.

Trade Tuesday: Enables/Disables trading on this weekday.

Trade Wednesday: Enables/Disables trading on this weekday.

Trade Thursday: Enables/Disables trading on this weekday.

Trade Friday: Enables/Disables trading on this weekday.

Trade Saturday: Enables/Disables trading on this weekday.

Trade Sunday: Enables/Disables trading on this weekday.


----- Account Protection -----

Reset Daily Drawdown: Time of day to reset "Daily Drawdown". 

Max Daily Drawdown % (0 = Deactivated): Maximum daily drawdown procentage of equity. If triggered, all orders will be canceled and positions will be closed (Please allow room for slippage).

Max Daily Drawdown (0 = Deactivated):  Maximum daily drawdown in account currency. If triggered, all orders will be canceled and positions will be closed.  (Please allow room for slippage).

Max Total Drawdown Starting Balance: Starting balance in account currency to calculate total drawdown.

Max Total Drawdown % (0 = Deactivated):  Maximum total drawdown procentage of equity. If triggered, all orders will be canceled and positions will be closed. (Please allow room for slippage).

Max Total Drawdown (0 = Deactivated): Maximum total drawdown in account currency. If triggered, all orders will be canceled and positions will be closed.  (Please allow room for slippage).


----- Miscellaneous -----

Expert Advisor ID: Magic Number

Order Comment: Order Comment

Close Orders When Deinitalizting: Option to close all open orders if Expert Advisor is deinitalized. 

Close Positions When Deinitalizing: Option to close all open positions if Expert Advisor is deinitalized

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Version 1.30 2023.08.16
Fixed an issue with trailing stop.
Version 1.21 2022.12.20
Fixed a problem when running multiple symbols.