MA Scalper FREE

Item: MA Scalper FREE
Author: imWald

Scalping strategy with MA (Moving Average) indicator.

MA Scalper can works always or few hours per day. With Trading Time and Trade Closing Time option, you can set the time to trade and if to close or not the orders.
It’s equipped with Take Profit, Stop Loss and Slippage protection

It works with USDCHF, EURCHF and CHFJPY. Best results with M15 time frame.

FREE VERSION

This version of the EA is light. It is offered as a demo to the full version of MA Scalper FULL.
The FREE version allows you to test the EA in a Demo or a small Real account.

Limitations of the FREE version: no Money Manager and 0.01 maximum size lots per trade.

FEATURES

Fully optimizable
Only technical analysis and Moving Average indicator
Every trade has a Stop Loss and Take Profit level
Trading time option
Trade closing time option
Market orders only
Not complicated strategies and settings
No martingale, grid or other risky strategy
No hedging
No trailing stop

RECOMMENDATIONS

ECN broker
Low spreads
Low commisions

NOTE

The default settings in the EA are not the best values. The results shown in the screenshots are just an example obtained with the Optimization in MT4 with Open prices only Model.

Before using it, test it and enter your own settings that work for you best.

CAUTION

Results may differ from test, demo and real environment due to differences of spreads and brokers.

TRADING TIME

The EA works on time of the broker.

Trading Time: time option to open the trade. TRUE means active and the EA only works with Start Time and End Time. FALSE means inactive and the EA do nothing. It’s always works. TRUE is default.
Start Time: server time that the EA starts to work. Time in 24-hour format
End Time: server time that the EA stops to work. Time in 24-hour format

When this option is TRUE the EA results active. But out of Start Time and End Time it "sleeps".

TRADE CLOSING TIME

The EA works on time of the broker.

Trade Closing Time: time option to close or not the trade. TRUE means active and the EA only works with Close Time. FALSE means inactive and the EA do nothing. The order will be closed at the Stop Loss or Take Profit level. TRUE is default.
Close Time: server time that the EA closes the trade. Time in 24-hour format

TRADING TIME / TRADE CLOSING TIME EXAMPLES

Time have to be in 24-hour format

London opens at 09:00 AM in my time zone (GMT +1 / DST GMT +2). But my broker's server time is my time zone +1.
So, if I want to start trading at London’s opening, I've to set   Start Time at 10:00 AM. Same thing for  EndTime and Close Time.
If I want to stop trading at 02:00 PM (New York’s opening in my time zone), I've to set   Stop Time at 03:00 PM.
For closing the trade at 06:00 PM (London's closing in my time zone), I've to set   Close Time at 07:00 PM.

For your time zone see: https://www.forexmarkethours.com

MA SETTINGS

MA Period: modify it in order to set movement. Fewer periods for a FAST MA or more periods for a SLOW MA
MA Method: calculation method of the moving average

TRADE SETTINGS