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.