ScalpingTraderEURJPY

Automatic trading system (advisor) – EA ScalperTraderEURJPY

Even an inexperienced trader can use the advisor. There are no settings in the advisor, since it does not require optimization.

The advisor does not use a grid strategy or a martingale strategy. There is always a stop loss and take profit.

Based on the current data of the selected currency pair, its quotes, specifications, spread, the advisor makes short-term transactions with a minimum take profit, while using the smart trailing stop function.

The idea is to trade on a quiet market. This is the name of the Asian and Pacific sessions. During this period, most pairs are calm and you can work from the boundaries of a narrow channel.

The problem is in the spread widening when a new day opens. This phenomenon occurs with all brokers without exception and negatively affects the profitability of the scalper.

Knowing this specificity, we have introduced the corresponding filters in the settings:

• the maximum spread at which it is allowed to open buy transactions. Long positions are opened at Ask, so this filter is introduced. If the actual spread exceeds the threshold value, the signal is ignored;

• the same filter is for closing positions. This is necessary because sell trades are opened at Bid, but closed at Ask.

The minimum deposit is only $100.

SETTINGS:

Risk — the trading volume of the trade (as a percentage of the balance)

The advisor has a magic number, and the advisor will only work with its own orders.

You only need to attach the advisor to the EURJPY chart, time frame M1, and enable automatic trading. Then fully automatic trading begins 7/24.

The advisor will work great with any broker and on any type of account, any leverage. It is important to choose a broker with a minimum spread, this will increase productivity.