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ECN Scalper

The strategy is based on the High Impact News Announcements. The EA uses the adaptive trade management algorithm.

It was backtested and optimized using real ticks with 99,9% quality. The Expert Advisor has successfully passed the stress test with slippage, spread wideness, abnormal bid/ask difference and commission approximate to the real market conditions.

As Spread wideness could not measure in mt4 backtests, especially during high impact news announcements. However, following safety features applied on EA to protect form big losses during high impact news announcements;

  • Max allowed Spread to trades
  • Max Spread to close opened trades
  • Hard coded hidden Co Stop Loss to cover big slippage
  • Hard coded pips countdown stop loss
  • Sleep Mode for 30 seconds while detect more widen spread


Real account monitoring

https://www.mql5.com/en/signals/211670

Requirements to Use This EA.

  • Account Type must be ECN
  • Account Conditions must have 1 or 0 Stop Level
  • Minimum Deposit 25$
  • Minimum Leverage 1:200
  • Forex Currency Pair EURUSD
  • Chart Time Frame M1
  • A VPS with good latency rate

Following Filters are applied on it.

  • Is current instrument/pair EURUSD or not
  • Is current time frame M1 or not
  • Is current account conditions have zero stop level or not
  • Is current account have minimum leverage 1:200 or not
  • Check for required margin for lot
  • Is lot is greater than Broker's allowed max lot
  • Is lot is smaller than Broker's allowed min lot
  • Is Bid/Ask difference greater than spread
  • Is spread wideness is greater than normal


Parameters

  • Auto Lot Size — true or false value
  • RiskFactor — Risk Factor parameter this rule (Lot = Account Balance / RiskFactor / 100;)
  • ManualLot if Auto False — it will be work if Auto Lot Size will be set as false
  • Comments — a comment to trades.
  • Max Spread — Max Spread allowed to ea for smooth functions
  • Max Spread to Close — Max Spread to close open trades
  • Entry — It is Current bar size in points and it is decide when to set STOP Orders
  • Delta — distance to set pending orders from high / low levels
  • Auto Stop Loss — it is work 15Point + current spread
  • Solid Stop Loss if Auto False — It is self explanatory parameter and don't need further explanation
  • Trailing Stop — It is self explanatory parameter and don't need further explanation
  • Trailing Start — It is self explanatory parameter and don't need further explanation
  • Trailing Step — It is self explanatory parameter and don't need further explanation
  • Start Hour — when to start working
  • End Hour— when to stop working

Leave all parameters at default inputs for better results.

Risk Settings

  • Auto Lot Size — true or false, if this parameter set as true than lot size will be calculate by following rule
  • Lot Management Rule — (Lot = AccountBalance() / RiskFactor / 100;)
  • Default Stop Loss (If Auto Stop Loss set as true) — 15 Point of Current Symbol + Current Spread
  • Default Stop Loss (If Auto Stop Loss set as false) — 30 Points (3 pips)


Recommendations

  1. Before using on a live account, test the EA with minimal balance;
  2. Use VPS or hosting server with minimal network latency to the broker's server;
  3. For best results, use the minimum leverage up-to 1:200;
  4. When using the EA with FIFO supporting brokers, do not run more than one EA on one account;
  5. Low spreads + low commission + zero stop level + high quality execution are important when choosing a broker.
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版本 1.5 - 2016.08.05
Default inputs of parameters are updated.
As in Previous Update too I have write that from now to onward minimum leverage required is 1:200
版本 1.4 - 2016.07.26
Following changes were done in this version:
• Minimum Required Leverage — 1:200
• Custom Risk Factor parameter added — If AutoLotSize will be true then it will work with following rule/formula; Lot = AccountBalance / RiskFactor / 100
• Auto Stop Loss parameter added — true or false, if it set as true stop loss will be as 15 points fixed plus current spread. And if it set as false stop loss will be equal to Solid Stop Loss Parameter
• Virtual Stop Loss hard coded feature added — it equals to Stop Loss, it will help to protect from big losses during high impact news announcements like NFP
• Solid Stop Loss replaced with Stop Loss — it will work if Auto Stop Loss parameter will be set as false
• Above three Stop Loss parameters take place of previous default stop loss — As previous Simple Stop Loss parameter was set at 60 points (6 pips)
• MaxSpread to Close Trades parameter added — it will help to protect from big losses during high impact news announcements like NFP
• Start Hour parameter added — when to start working in Broker Time
• End Hour parameter added — when to end working in Broker Time

As Spread wideness could not be measured in mt4 backtests, especially during high impact news announcements. However, following safety features applied on EA to protect from big losses during high impact news announcements;
• Max allowed Spread to trades
• Max Spread to close opened trades
• Virtual Co Stop Loss to cover big slippage
• Sleep Mode for 30 seconds while detect more widen spread
• Emergency trade close function equal to stop loss parameter, when pending stop order activation slippage increase stop loss more than configured by input parameter