CONCORDE SCALPER EA is a fully automated Expert Advisor based on Mathematical functions and ATR indicator with having capability to catching market volatility. Level of Market Volatility where the EA opens a trade can be set by cFactor and kFactor parameters in the settings.
The CONCORDE SCALPER EA uses no grid, no martingale, no arbitrage, and the best part is running fully automatic.
The EA allows you to trade a fixed lot, as well as includes the money management unit for automatic lot calculation based on the preset risk per trade.
Please use this EA on pairs with low spread and low stop level.
Your trades will be protected by stop loss.
Best results are obtained on EURUSD, GBPUSD and USDJPY pairs, and you can run on several instruments simultaneously.
Requirements and Recommendations
- Please use this EA on M1 or M5 timeframe
- The recommended account leverage is 1:500
- VPS hosting 24/7 is strongly advised.
- MagicNumber = 9999 - used to identify an order.
- OrderCmt = concorde - comments on each trades.
- Stoploss = 7 - stop loss for Breakout trades in pips. 7 is 7 pips.
- TrailingStop = 3 - trailing stop size in pips.
- buffer = 3 - distance in pips between running price and pending order.
- MaxSpread=2.0 - maximum spread accepted to trade in pips.
- MoneyManagement = true - set to true to enable auto money management. If false, ManualLotsize is used.
- Risk = 1.0 - risk value for trade.
- ManualLotsize = 0.01 - lot value used if MoneyManagement is false
- cFactor = 0.5 - cFactor value, Bigger Value is less Aggressive.
- kFactor = 2.0 - kFactor value, Bigger Value is less Aggressive.