Wise Scalper

This is an optimized and ready-to-use automated trading system. A market entry is performed at a certain time on a quiet market. When certain conditions are met, a trade is closed. As a rule, a profit is small. The EA features SL to manage losses.

The EA is recommended for use on currency pairs and M5 timeframe.

Before using on a live account, it is recommended to test the EA in the strategy tester in the terminal.

The EA operation requires a broker with minimum spread and minimum or no commission for the best results. The minimum deposit is small. You can start trading with $100. A leverage does not matter. A minimum of 1:100 is recommended.

Advantages

• The EA features SL to limit potential losses.
• Fast execution is not necessary. Not affected by slippages.
• Works on almost any VPS even with the ping of 1000 ms.

Recommendations

• I recommend that you test the Expert Advisor on a long time interval on the history in the MetaTrader 4 terminal before using it on real accounts.
• Choose trading time settings carefully. The time on servers of different brokers can be different.
• You can also use the default settings.
• Please, adhere to risk management, do not raise the volumes too high for your trading capital.

Parameters

• Spread max - maximum allowable spread during trading;
• Stop Loss - stop loss in points;
• Take Profit - take profit in points;
• Time to start trading - EA operation start time;
• Time to stop trading - operation end time;
• Max Slippage - maximum slippage;
• Trading lot - position volume;
• Auto Risk - automatically determine the position volume depending on the specified risk;
• Magic Number - magic number;
• Max Orders - maximum number of orders opened in the same direction;
• Order Step - minimum step between unidirectional orders;
• Total Profit - total profit of a series of unidirectional orders;
• Total Loss - stop loss of a series of unidirectional orders.