High Low Scalper

This is a scalping Expert Advisor. The EA strategy applies the range of price deviation from the average high/low values for a specified period. It has a minimum number of adjustable parameters. The EA applies stop loss, take profit, breakeven and trailing stop levels invisible for brokers. The robot is ideal for a trader as an addition to a manual strategy or in conjunction with another EA. The EA distinguishes its trades by a magic number.

Only one market order at a time can be opened on a single currency pair. Grid and martingale are not used. The EA features the built-in protection against spread and requote extensions.


Recommendations

  1. Before using on a live account, test the EA with minimal risk;
  2. Use VPS or hosting server with minimal network latency to the broker's server;
  3. Low spreads = low commission + high quality execution are important when choosing a broker to trade.


Parameters

  • StartTradeTime, StopTradeTime - operation by time; 00:00 - not used;
  • TimeFrame - working timeframe;
  • HLPeriod - average high/low price calculation period;
  • HLShift - average calculation shift;
  • HLDeviation - deviation from received average prices in pips
  • StopLoss - stop loss in pips;
  • TakeProfit - take profit;
  • RiskPerTrade - trading lot set as risk per trade in % of the balance;
  • BreakevenStop - number of profit points for moving a trade to a breakeven as AR ratio;
  • BreakevenStep - profit a position is closed at as AR ratio;
  • TrailingStop - trailing stop, distance to a stop loss, as AR ratio;
  • TrailingStep - trailing step as AR ratio;
  • MaxSpread - maximum allowable spread for opening trades;
  • MaxSlippage - maximum slippage to open trades;
  • MaxAttempts - maximum number of attempts to open an order during requotes;
  • MagicNumber - magic number;
  • OrdersComment - comment to orders.


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