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Babe Knight Scalper

Babe Knight Scalper

The Babe Knight Scalper Expert Advisor based on high move of price, high volatility to detect the opportunity for taking orders.
The higher the volatility the greater the profit.

- Please note that ECN broker with low spread is recommended for this EA:
+ GBPUSD: avg spread < 1.5 pip
+ EURUSD: avg spread < 1.0 pip
- The commission low: 07 USD/Lot
- Recommend (FCA, NFA, CFTC Brokers): Tickmill (with zero spread account), Darwinex

* Features
- Compound interest: Lots per 1000 (USD)
- Spread protection: limit with low spread, taking pending order when the market have a low spread if it increases then delete it
- Slippage protection
- No grid
- No martingale
- A small SL for every trade

* SETTING & RECOMMENDATIONS
- The default input parameters are optimized for GPBUSD M1 (Real)
- GBPUSD and EURUSD, Timeframe: M1 are the best

===== Volume ============================
LotsPer1000  = 0.4  : Lots per 1000 (USD) 
MinLots     = 0.01 : Min Lots of broker
MaxLots     = 100  : Max Lots of broker

===== Protection ============================
def_MaxSpread = 1.11 (Pip) : Max spread for GBPUSD (EURUSD: 0.51), set higher for testing (Strategy tester)
(For testing, GU should have spread: 1.11, and commission is 0.7Pips (7$/Lot), we can set def_MaxSpread=2.1)
Slippage=10 (Point)

===== Confirmation ============================
def_MAToConfirmTheTrend = 11 : Moving average (EMA), period = 11
def_SL = 3.0 (Pip) : Stop loss
def_TP = 100.0 (Pip) : Take profit (Ignore this)

===== More ============================
MyMagicNumber = 68000 : Magic number

* FOR TESTING: Strategy tester
def_MaxSpread: Should add more with commission
spread: add more with commission
The commission usually is 0.7Pip (7$/Lot)

For example (And recommendation):
- GBPUSD: 
+ def_MaxSpread = 2.1 (pip)
+ Spread set to: 20 (point)
- EURUSD: 
+ def_MaxSpread = 2.1 (pip)

+ Spread set to: 15 (point)


=> Test it carefully before apply with a live account


Yansong Sui
474
Yansong Sui 2019.04.15 14:02   

I'll rate later since scalping EAs work totally differently from backtest or demo in a REAL account .

enzo pellitteri
526
enzo pellitteri 2019.04.15 01:32 
 

Just rented. Looks great.

Phuong is really very helpful.

More ahead I'll update

Nuno Silva Da Cruz
570
Nuno Silva Da Cruz 2019.03.09 13:57 
 

Fantastico :)