PAM Scalper PRO FX
- Experts
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TICK STACK LTD
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------->>>>>>> Track performance of all my live trading accounts here: hhttps://showmytrades.com/trader/tick-stack
------->>>> - Versão: 2.9
- Atualizado: 23 março 2022
- Ativações: 10
*** Note that this EA will no longer be updated as I have lost the source file - for that reason the EA is sold at a very low price ***
PAM SCALPER (Price action momentum scalper) analyses historical price data to identify supply and demand zones where liquidity is high and enters with momentum of the institutional money flow. The EA extrapolates areas to either buy or sell from historical price action and volume data.
If you want to backtest this EA or any other scalper EA, you must use high quality tick data. The historical data your broker provides through MT5 will give inacurate test results. You can follow my guide how to import real tick data into MT5 here: https://www.mql5.com/en/blogs/post/746240
Do not use default settings. Set file can be downloaded here: https://www.mql5.com/en/blogs/post/746535- An in-depth explanation of the strategy and all input parameters: https://www.mql5.com/en/blogs/post/746475
- Installation and setup guide: https://www.mql5.com/en/blogs/post/746496
- MT4 version here: https://www.mql5.com/en/market/product/89665
Main features of the EA:
- No risky trading methods or money management system such as martingale, hedging, arbitrage, dollar-cost averaging etc.
- This EA depends on low spreads. I recommend a true ECN broker with close to zero spread on EURUSD during London and NY session.
- Every position is protected with a stop loss.
- Can be used on small accounts with as little as 200 USD balance.
- Highly advanced exit algorithm.
- Adaptive stop loss control based on market volatility.
- Does not rely on indicators. Only historical price action and volume data is used to find high probability entry areas.
- More than 10 years of successful stress-testing.
- Has been profitable in every market condition for the past +10 years
- Most positions are closed within minutes which leaves less risk exposure to catastrophic events during flash crashes.
- Only stop orders are used. Again, this protects your account from flash crashes. Should a flash crash occur while the EA has active pending orders placed, most likely these will be triggered in the direction of the crash.
- Set and forget EA. Once you have installed the EA and loaded the set files you want to use, you do not have to intervene. Simply make sure you run the EA on a stable VPS with fast execution speed.
- Robust set files provided - All set files has been put through thorough stress testing on both in-sample and out-of-sample data.
Other useful links for all traders:
- Trading psychology: https://www.mql5.com/en/blogs/post/747022
- Statistics: https://www.mql5.com/en/blogs/post/747006
- Backtesting in MT5: https://www.mql5.com/en/blogs/post/746300 and https://www.mql5.com/en/blogs/post/746240
I am also very happy with his EA. (See my trade history in the comment section) A high winning rate plus very limited risks by close stop losses makes the PAM the perfect scalping EA for me!