[ADMIN/USER GUIDE] Averaging Scalper v2.0 — Setup & Operations

Welcome to the community! To ensure you get the best results from the Averaging Scalper v2.0, please follow this structured setup guide.

1. Installation & First Run

1. Attach to Chart: Drag the EA onto a EURUSD chart (M5 or M15 timeframe recommended).

2. Common Tab: Ensure "Allow Algo Trading" is checked in the EA settings and the global "Algo Trading" button at the top of MT5 is Green.

3. Inputs: For your first run, the Default Settings are optimized for a $10,000 balance (or $100 on a Cent/Micro account).

2. Understanding the Logic

The EA uses a 3-layer Moving Average filter. It will only open a trade when momentum is clearly defined. If the market is flat, the EA will remain idle—this is normal and prevents "fake-out" losses.

3. Risk Management Guide

• Averaging Type: * Martingale: Faster recovery, higher risk.

  • Fixed Lot: Linear growth, much safer for small accounts.

  • Anti-Martingale: Reduces risk as the grid gets deeper (Defensive mode).

• Equity Protection: I recommend setting the Max Drawdown % to 20% or 25% to act as a "circuit breaker" for your account.

4. Optimized Environment

• VPS: This EA must run 24/5. Any downtime during an open grid can cause calculation errors.

• Execution: Use an ECN broker with raw spreads. High spreads will delay the "Basket Close" and reduce overall profitability.

5. Support

If you have specific questions about the ATR settings or timeframe optimization, please post them here in the comments. I monitor this thread daily.

Note: I have attached the full PDF Manual to this comment for offline reading.