Pattern Scalper is a fully automated Expert Advisor based on Candlestick Pattern by placing pending order at specific place to capture price movements.
This EA is available to all pairs and all time frames, but recommended to use high time frames to recognize candlestick formations clearly.
- Expert Name - Expert name and order comment.
- Magic Number - Expert identification number to identify orders.
- Fixed Lots - Orders lot used if auto lot size is false.
- Activate Auto Lot Size - True if you want to activate auto lot calculation.
- Risk (%) - Risk is based on account free margin.
- Take Profit - Hidden take profit.
- Use Stop Loss - False if you don't want to use stop loss.
- Stop Loss - Hidden stop loss.
- Use Trailing - Set true if you want to trail every order.
- Trailing Start - Distance to trigger trailing order.
- Trailing Step - Trailing step.
- Use Averaging - True if you want to use averaging technique.
- Martingale Multiplier - Next lot multiplier. If don't want to use martingale, set this value to 1.
- Max Trade Allowed - Maximum Trades allowed in averaging technique.
- Slippage - slippage.
- Bar Size - Minimum bar size to trigger the signals.
- Pending Order Expiration - Pending Order Expiration in minutes.
- Trading Time - set false if you do not want to trade at that day.
- Low spread.
- Low stop level.
- Low commissions.
- Account leverage at least 1:500
- 5-digit quotes (recommended).
- 24/7 VPS hosting with low latency.