The Scalper professional expert advisor trades on major support/breakout levels on EURUSD & GBPUSD pairs. This EA has a continuously adaptive StopLoss system which manages each and every trade. The intelligent Stoploss system analyses, evaluates and reacts to all market movements.
- No martingale
- No averaging
- No grid trading
- No arbitrage
- Adaptive stoploss system
The Scalper set up
The EA is really easy to set up and to use. It is recommended to run the expert on low spread ECN accounts and with fast execution. After successful purchasing, please attach the EA to the chart and you will see the following settings:
- Long_Lot: If you would like to trade with fixed lots just give in the trade size here for long trades, NOTE: UseMoneyManagement must be False in this case!
- Short_Lot: You can adjust the size of the short trades with the Short_Lot parameter
- UseMoneyManagement: True or False whether you would like to use it or not. This will calculate the trade sizes automatically depending on the risk you give in
- Long_Risk: Add here the risk setting for long trades. It can be either Low/Medium/High/Extreme_High. The risk parameters will take effect with UseMoneyManagement = True
- Short_Risk: You can adjust the risk settings for the short trades with the Shortrisk parameter
- MaxSpread: The maximum spread you tolerate before entering a position
The Scalper Adaptive Stoploss & Additional features
Thanks to the MaxSpread protection you can skip the trades during major news event and during high volatility periods on the forex market. Thanks to the stoploss system each and every position will be handled!
It is advised to run the EA on an ECN account with a VPS server. The backtests were made with a 99% percent quality dukascopy tick data.