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Scalping Project EA MT4

4.09

The Scalping Project EA follows a scalping breakout strategy. It trades the breakouts from relative highs and lows. For the entry stop orders are used for the fastest possible execution. Profits can be secured by the adjustable trailing stop.

Since the strategy works with small average profits it is highly suggested to trade with a low spread and commission broker. Trading costs are crucial here!

The backtests shown in the screenshots were done with the default settings. There might be better or worse settings. Please download the free demo to do your own testing.

This EA does not use any martingale and/or grid functionalities. Still the tests shown below were done with a 5% risk per trade which can not be considered as "low risk". Please behave responsible with your trading funds and only use money that you can afford to lose. Have fun testing and trading :)


<General Settings>

Buy Trades: Enables the EA to place buy orders

Sell Trades: Enables the EA to place sell orders

Timeframe: The candle timeframe used to identify the highs and lows

BarsN: Sensitivity of the high and low algorithm (smaller value = more highs and lows, greater value = less highs and lows)

Order Puffer Points: The order distance from the high/low

<Trade Settings>

Trading Volume: Mode for the calculation of the lot size for each trade

Fixed Lots: Lot size for each trade if the fixed trading volume mode is chosen

Risk Percentage of Balance: The lot size for each trade will be calculated so that the set percentage of your account will be lost if the inital SL is triggered

TP Points: The distance form the entry order price to the TP

SL Points: The distance form the entry order price to the SL

TSL Trigger Points:  The Trailing Stop is activated as soon as a trade is more than the TSL Trigger Points in profit

TSL Points: The Trailing Stop will be trailed in this set distance behind the current market price

TSL Step Points: The SL will only be modified if it is at least this distance above the previous SL

<Time Settings>

Time Filter: Activates or deactivates the time filter which will be checked before new orders are placed

Start Hour: Hour of the start of the allowed trading time

Start Minute: Minute of the start of the allowed trading time

End Hour: Hour of the end of the allowed trading time

End Minute: Minute of the end of the allowed trading time

<Drawdown Settings>

Drawdown Monitoring: Activates or deactivates the drawdown monitoring that closes all trades of this EA when the drawdown is reached

Max Daily Drawdown %: Drawdown mechanism is triggered if equity or balance is this percentage below the starting balance of the day

<More Settings>

Order Comment: Commentary for every order the EA places

Magic Number: This number should be unique for every EA in your account since the EAs use it to identify their own trades

Chart Comment: Activates or deactivates the comment in the upper left corner of the chart


리뷰 11
Tran Vinh Vu
565
Tran Vinh Vu 2023.01.12 02:37 
 

It is good. Thank you for a good product

Andreas Grimm
326
Andreas Grimm 2023.01.02 07:49 
 

5 Sterne. Erste Live Tardes sind gelaufen ,mit optimierten Set. Dateien EA gefällt mir sehr gut

liveaevil78
24
liveaevil78 2022.12.28 12:51 
 

Found Rene from Youtube. Watch some of his videos and feel he is a honest trader and not lying anything about his trades and his EAs. Unlike many of developers cheat on the back testing. I decided to purchase this EA after few days back testing with my own settings. AFTER one month testing on live account, I already gain back 197USD plus extra more profits. I am very satisfied with this EA. Simple, easy and profitable. Thanks Rene!

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el Asesor Experto usa una combinación de estrategias que se ejecutan dependiendo del comportamiento del mercado y adaptándose a las condiciones del mismo, ya sea en rango o en tendencia.. el algoritmo calcula niveles dinámicos de soporte o resistencia dependiendo sea el caso y al combinarlos con la estrategia de fibonacci + scalping logra muy buenos rendimientos. INSTRUMENTO RECOMENDADO  GBPNZD,  EURNZD,  GBPUSD,  EURUSD, NZDCAD TIMEFRAME     M1,  M5 o M15 (recomendado) RECOMIENDO VERIFICAR N
Reversal Monster Mini
Abdulfattah Yahya Mohammed Alhazmi
The Most advanced and comprehensive EA to trade Trend Reversals/Pullbacks It is a very profitable EA, to trade trends breakout, and manage trades, takeprofit, stoploss, move to breakeven, and trailing stop. The   “Reversal Monster EA”   trades Reversal/Pullbacks when the current price of the pair pullback to a predefined horizontal level or trendline on the currency chart. The opening of the position can be immediate after pullback to the drawn trendline or after closing the candle below/abov
FREE
Currency -  Eur/Usd Candle Time -  5m for best results Recomended Broker -  IG Leverage -  1:200 Minimum Deposit -  $100 Fully Automated EA for Longs and Shorts You can adjust to whichever RSI period and value you want. -RSI PERIODS & VALUES WHEN THEY CROSS ARE ALL ADJUSTABLE IN THE INPUTS & THE TAKE PROFIT AND STOPLOSS OF HEDGING LONG AND SHORT TRADES. Default settings are to... *When a LONGS trade is put on it puts in a Short at the same time. If the Short goes above 20 pips it will hit Stop
You can use it wisely In any currency pair. It's only good works on EURUSD M30 Timeframe. This robot is profitable. This robot requires minimum deposit of $1000 for small DD . You can get good results with it. You can test it first. You can increase the equity percentage. It will increase the volume in a certain ratio as the equity increases. You don't need to increase the volume by yourself. For the first few days, use the equity volume setup in this robot and then test and increase the equity
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5 (1)
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Aleksandr Chebotaev
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필터:
alex886
20
alex886 2024.02.22 17:08 
 

I purchased and tested this EA, the backtest result was truly disastrous.. I attach the screen.. did I do something wrong? Otherwise I would like a refund because selling an EA in these conditions is truly theft.

IN THE TEST I HAD A PROFIT OF -70%

I love Rene Balke's videos and I don't think he could have left such a poorly made EA for sale, I trust him and await his friendly response.

Can I get a refund or replace with another product?

.

.

Bars under examination 6203

Ticks used for model 25998023

Model quality n/a

Chart errors 0

Initial deposit 100000.00

Current Spread (30)

Total net profit -64743.33

Gross profit 62796.40

Gross loss -127539.73

Profit factor (profit factor) 0.49

Expected reward -402.13

Absolute drawdown 66308.14

Maximum Drawdown 66308.14 (66.31%)

Relative drawdown 66.31% (66308.14)

Total operations 161

Short positions (winnings %) 78 (66.67%)

Upside positions (winnings %) 83 (71.08%)

Profitable trades (% of total) 111 (68.94%)

Loss-making operations (% of total) 50 (31.06%)

The biggest

profitable operation 1986.86

loss-making operation -4108.72

Average

operation with profit 565.73

loss-making operation -2550.79

Maximum

consecutive wins (money profit) 10 (9931.04)

consecutive losses (money loss) 4 (-12461.81)

Maximal

consecutive profit (number of wins) 9931.04 (10)

consecutive loss (number of losses) -12461.81 (4)

Average

consecutive wins 4

consecutive losses 2

Prianka Bayu Putra
627
Prianka Bayu Putra 2024.01.26 18:19 
 

Do not buy this EA, simply bad algorithm and the owner doesn't even helpful. Backtest results are most likely fabricated

BM Trading GmbH
40729
개발자의 답변 Rene Balke 2024.01.27 02:53
Thanks for the feedback! I understand that the backtesting resulsts can be confusing. But this is a scalping strategy and backtests usually show better results here. I made some videos about it actually. For example here: https://www.youtube.com/watch?v=QOk4xyRjgy4
The tests are not manipulated by the EA in any way but when using close stop orders it will lead to slippage. Some user of the program use higher inputs for the stop distance in the inputs for this reason and they told me that it leads to better results. Maybe you also want to try this.
Jochen1965
116
Jochen1965 2023.06.16 08:15 
 

Dieser EA macht genau das was er soll. Basierend auf einer nachvollziehbaren Scalping Strategie werden analog der gesetzten Parameter, Trades gesetzt und ausgeführt. Dass hierbei nicht jeder Trade ein Gewinn sein kann sollte klar sein. Kein Grid oder Martingale System, einfach und transparent gehalten. Sehr gute Ergebnisse im Backtest und auf dem Demo-Konto in bestimmten Währungspaaren. Gefällt mir!

Hello René, i am sorry to say, but after a lot of backtests and about 8 months on a live account i disabled this EA. The backtests of this EA and optimizing of the setfiles, lasts a lot of time and let to really good results.

But on a real money account, the live results are always far away from the backtest result, although i used tick data with the trading costs an checked the slippage. Sorry, but this EA was not profitable at any time at any pair or timeframe, so i cant give a really positive feedback for the results of this EA any longer.

inso
72
inso 2023.02.13 08:03 
 

Lets be honest, most of us bought this EA cos of Rene's YouTube channel. But its a crap EA. Since 10 days it hits 3 stops on eu and uj with deafault settings on icmarkets.

BM Trading GmbH
40729
개발자의 답변 Rene Balke 2023.02.14 08:17
Hey, did you try to make some tests on your own? Maybe you can find better settings for the EA. The last week was not really good but overall I am still really satisfied with the performance of the live signal. Maybe the EA just does not fit your trading style which is fine. Thanks for the feedback even though 10 days is a very short period to evaluate a strategy :)
Tran Vinh Vu
565
Tran Vinh Vu 2023.01.12 02:37 
 

It is good. Thank you for a good product

Andreas Grimm
326
Andreas Grimm 2023.01.02 07:49 
 

5 Sterne. Erste Live Tardes sind gelaufen ,mit optimierten Set. Dateien EA gefällt mir sehr gut

liveaevil78
24
liveaevil78 2022.12.28 12:51 
 

Found Rene from Youtube. Watch some of his videos and feel he is a honest trader and not lying anything about his trades and his EAs. Unlike many of developers cheat on the back testing. I decided to purchase this EA after few days back testing with my own settings. AFTER one month testing on live account, I already gain back 197USD plus extra more profits. I am very satisfied with this EA. Simple, easy and profitable. Thanks Rene!

BM Trading GmbH
40729
개발자의 답변 Rene Balke 2022.12.28 14:47
Thank you for your kind review. I am glad you like the videos :)
bryanwong16
55
bryanwong16 2022.12.06 16:45 
 

excellent EA, but I would like to ask if a spread filter is possible to add in the EA so that it could be more perfect? Thank you Rene for designing this good EA!

BM Trading GmbH
40729
개발자의 답변 Rene Balke 2022.12.06 16:56
Hey, thanks for the review. I included the time filter so you can turn the EA off in the night when the spread is usually high. I do not plan to make any more adjustment to the EA soon. I am sorry. There are a lot of different requests and if I start adding all the functions the EA will become really messy :D
Gabriel Espinell
23
Gabriel Espinell 2022.12.02 21:48 
 

First of all, you are not selfish with your knowledge and you want others to learn what you already know. Everything I know about EAs and how to manage them has been thanks to your videos on You Tube, which are very well explained. I thank you very much for your honesty and for introducing me into this new world of automated trading. I am doing the funding test with My Forex Funds, I have a real small account and a demo running at the same time. I will updated the results. So far I recommend buying this EA big time.

Functional Forex
174
Functional Forex 2022.11.21 09:07 
 

5 Star EA from a great developer, running on live account and results are insane great long term strategy! René I did find glitch with different lot sizing for each stops, my EU sells are 0.14 and my buys are 0.01 please help me fix this issue!

BM Trading GmbH
40729
개발자의 답변 Rene Balke 2022.11.21 09:44
Thank you for your review :) Can you send me a private message with a documentation of this? I need a screenshot of the complete chart, the EA settings and the complete experts journal where I can see this.
DemonLordMitch
42
DemonLordMitch 2022.11.09 01:14 
 

5 stars for the first EA I have tested and purchased. It performs exactly as specified. I have tweaked the settings based on my own testing, and the first ever trade was a win. It's still early days so I cannot speak to the overall effectiveness, but the EA does what it's supposed to. Download the demo version if you're interested. Thanks Rene!

BM Trading GmbH
40729
개발자의 답변 Rene Balke 2022.11.09 08:29
Thanks for the feedback! Hope your future trades will be good as well :)
리뷰 답변
버전 1.44 2022.12.27
- fixed a bug where short positions did not work correctly with the entry puffer points
버전 1.43 2022.12.23
- added entry order puffer
버전 1.42 2022.11.16
- Minor bug fixes (chart comment)
버전 1.41 2022.11.10
- Fixed a bug in the drawdown monitoring function
버전 1.40 2022.11.09
- Added drawdown monitoring
버전 1.33 2022.11.08
- Fixed a bug where tsl could not be turned off
버전 1.31 2022.11.04
- Fixed a bug when rounding the lotsize
버전 1.3 2022.10.27
- Minor Changes (added logging information)
버전 1.2 2022.10.25
- New setting to allow buy or sell trades only