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This is a fully automated scalper Expert Advisor using the strategy based on price level breakthroughs. It has been developed specifically for low-spread accounts and five-digit quotes.
The trading robot is easy to use and features a small number of settings. The default settings are optimized for trading EURUSD. However, the EA also works on other symbols after a proper optimization.
The product requires a low-spread ECN broker with accurate order execution.
- The EA does not use martingale, hedging and different kinds of grid;
- All trades are protected by a short stop loss;
- Trading is performed by pending orders only;
- The ratio of TakeProfit to StopLoss parameters is approximately 2 or higher;
- The EA works around the clock and does not use the time filter, thus simplifying setup;
- The EA does not require a huge deposit;
- A lot is calculated dynamically depending on available funds;
- A fixed lot size can be used for each trade;
- There is no need to stop the EA before critical news releases.
- The EA works with five-digit quotes.
- The EA works on any timeframe.
The minimum deposit is 50 USD on a standard account and 10 USD on a cent one.
- Risk Factor - risk value used to calculate a dynamic lot;
- Fixed Lot - fixed lot. If 0, the EA uses the dynamic lot;
- #1 Take Profit - profit for order #1, in points;
- #1 Stop Loss - allowable loss for #1, in points;
- #1 Index - period, on which the search for order #1 is performed;
- #1 Lifetime - pending order #1 lifetime;
- #1 Interval - minimum interval between price and level for #1;
- #2 Take Profit - profit for order #2, in points;
- #2 Stop Loss - allowable loss for #2, in points;
- #2 Index - period, on which the search for order #2 is performed;
- #2 Lifetime - pending order #2 lifetime;
- #2 Interval - minimum interval between price and level for #2;
- Text Color - color of displayed data;
- Background Color - color of the background for displayed data;
- Slippage - maximum allowed price slippage in points;
- Magic Number - unique number of the Expert Advisor's orders (any number).
If you have any questions, please send me a private message. I will be glad to help you.