Best Scalper Free MT4
Best Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of
inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA don't need
any professional information or Forex Trading Knowledge.
This is Free Version and limitations is : Trade on EURUSD only with lot size equal to 0.01.
Trading Strategy :
Best Scalper can trade on all symbols and all time frames, using special and unique strategy developed by author. T
Using EA :
These are main parameters must be set :
- Trade Type : Long/Short/Both/No-Hedge
- Stop Opening : if true, EA don't open new position. Only manage already opened.
- Maximum Spread to Open Position : Spread to stop trading
- Magic Number : Any constant ID.
- Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.
- Action for in-Loss Positions : One Step and Two Step Averaging, StopLoss, WaitforTP
- Stop Loss : StopLoss in Points. Only acts if Stoploss option selected above.
- 1st Averaging Distance : Distance in Points to insert averaging position. Only acts if Averaging option selected above.
- 1st Averaging Volume Multiplier : Volume multiplier for 1st averaging position
- 1st Averaging TP : Take profit if one step averaging selected
- 2nd Averaging Distance : Distance in Points to insert averaging position. Only acts if two step Averaging option selected above.
- 2nd Averaging Volume Multiplier : Volume multiplier for 2nd averaging position
- 2nd Averaging TP : Take profit if two step averaging selected
- Volume Calculation Method : KLot, Constant.
- KLot : KLot equals Balance/Position Volume. This option is ignored is Constant selected above.
- Constant Volume : Volume of trading. This option is ignored is KLot selected above.
- Trailing Stop Loss : Enable/Disable Trailing Stop
- Trailing Start : Trailing Start Distance in Points.
- Trailing Stop : Trailing Stop Loss Distance in Points.
- Trailing Step : Distance to apply Trailing Stop Loss in Points.
- Break Even : Enable/Disable Break Even
- Activate Break Even After Loss : Distance to apply Break Even in Points
- News Filter Inputs :
- Block Trading During Low Impact News
- Minutes Before Low Impact News
- Minutes After Low Impact News
- Block Trading During Medium Impact News
- Minutes Before Medium Impact News
- Minutes After Medium Impact News
- Block Trading During High Impact News
- Minutes Before High Impact News
- Minutes After High Impact News
* All above points inputs defaults is for 5digit accounts. if your account is 4digit use 0.1x numbers.
Optimizing EA :
(important) Optimize EA for last 6 month before using, and update optimization every 1-2 month.
Optimization of EA is so fast and easy. We recommend these Optimization inputs :
- Time Frame : try on timeframes M5 to D1 based on your strategy
- Action for in-Loss Positions : 1st and 2nd step averaging
- Take Profit : 100 to 1000 step 100 (10 to 100 step 10 for 4digit accounts)
- 1st Averaging Distance : 200 to 500 step 100 (20 to 50 step 10 for 4digit accounts)
- 1st Averaging Volume Multiplier : 2 to 10 step 1
- 1st Averaging TP : 50 to 200 step 50 (5 to 20 step 5)
- 2nd Averaging Distance : 400 to 1200 step 200 (40 to 120 step 20 for 4digit accounts)
- 2nd Averaging Volume Multiplier : 8 to 30 step 2
- 2nd Averaging TP : 50 to 200 step 50 (5 to 20 step 5)
- Volume Calculation Method : Constant
- Constant Volume : 0.01
- Maximum Spread to Open Position : 100 (10 for 4digit
- Show Panel On Chart : false
- Trailing Stop Loss : false
- Break Even : false
- It is recommended that do backtest with constant volume to find largest profit with low drawdowns. Then run optimization again on KLot only, to determine best volume. (KLot=1000 to 200000)
- It is recommended that optimize Custom Parameter.
- News Filter will not work in tester because of MQL limitations.
Recommendations and Using Conditions :
- You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
- If you attach EA to multiple charts, increase KLot to reduce your risk.
- EA work on Hedge accounts.
Activating News Filter :
- Enable "Allow Webrequest" on Tools/Options/Expert Advisors and add http://ec.forexprostools.com/to the list.
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