This is a scalper system. ScalpelSpeedMod should be optimized once per month. After that, it shows excellent results on a forward period (exceeding the historical one several times) that can be seen on the screenshots.
A broker with a floating spread starting from 6 pips will be perfect. There are such brokers in the market. When the spread is lower than the value set in the course of optimization (for example you set 10-14 pips), than the entry can be expected when a signal occurs. I.e. entries will be rarer than when the tester has ideal values.
All parameters should be optimized:
- Magic — the usual parameter is the magic number.
- Risk — calculates the lot depending on the deposit.
- Lot — sets the lot size to enter the market (priority is higher than that of the Risk field).
- LotDigits — lot accuracy
- MaxSpread — restriction of the spread (if this field is less than the real spread, the expert will not enter the market).
- TakeProfit — take profit;
- StopLoss — stop loss;
- TrailingStart — trailing stop;
- Commission — important parameter (as well as spread) for those accounts in which the commission is used.
- Slippage — maximum slippage level.
- VolatilityMultiplier — the parameter allows you to place an order only if the volatility is higher than this relative parameter (the higher the parameter, the more active price movements will be required to enter the market).
- VolatilityPercentageLimit — indicates that the order will be placed if the ratio of real volatility to the selected parameter VolatilityMultiplier is greater than the specified value in percent.
- OrderExpireSeconds — pending order lifetime in milliseconds.
- MaxExecutionMinutes — to test the delay of requests in the tester.
- MaxExecution — to test the delay of requests in the tester.
- MinStopLevel — sets the user minimum stop distance.
- MinFreezeLevel — sets the user minimum distance for the freeze level.
Trade on M1-M15. The EA can be used on any symbol. I recommend testing it with the broker providing five-digit quotes, and even better on MetaQuotes-Demo server. Also, it is recommended to work on liquid Forex pairs with low spreads and use VPS. The minimum starting deposit is $100 and the minimum lot is 0.01.
The less the commission and spread, the higher the profit. The worse the connection lags of your broker, the larger stop loss, take profit and trailing start you should set, so that the server is able to process them at a necessary price, since the tester executes all requests with no delays. When testing, the spread can be adjusted in the tester. Your main task is to find a broker with a low spread. Use every tick during the tests.