This EA uses scalping strategy, choosing the entry points carefully and unhurriedly.
This Expert Advisor is intended for trading EURUSD M5. Terminal - MT4.
A small number of settings makes the Poseidon Scalper understandable even for inexperienced traders.
- StopTradeLevel - the value of the balance to stop trading;
- EAMagic - EA's magic number;
- EAMagic2 - EA's second magic number;
- TimeToClose - time in seconds, after which the trade is considered prospectless and is closed;
- Risk - percentage of the deposit, used for the automatic calculation of the lot
- AutoLot - can be set to "1" or "0". When set to "1" the EA selects the lot size for trading depending on the balance value.
- Lots - lot size is set by user, if the value of AutoLot is "0".
- SpreadLevel - maximal spread size for trading.
- TerminalGMTshift - time shift of your brokers terminal in regard to GMT time.
- SummerAdjustment - summer time adjustment (only for EA testing, to get more accurate result). Must be equal "0" in real trading.
Default settings are recommended, but you can experiment with the optimization for your broker, if you wish. Especially with the TimeToClose parameter.
Recommended broker - any 5-digit with the spread on EURUSD less than 20.
EA testing on your broker before buying is a must!
Real account monitoring is available here: https://www.mql5.com/en/signals/147053
Trading had been performed with Risk=100 for several months, now the Risk is reduced to 50.
Below are the screenshots with different levels of the Risk parameter.
I will be happy to answer any questions you may have.
Have a successful trading.
2. Added new instruments for trading.