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Defender Scalp is a fully automated trading robot with high probability entry strategy and smart lot size increase strategy to make a profit with low risk.
EA does use a fixed stop loss, however it can increase the lot size after each losing order to gain final profit.
However, learn about the advantages of winrate, the Reward/Risk or RR ratio (which is the Take Profit/Stop Loss ratio) from which you will have the right settings to reduce your risk.
Max Spread: 10 to 30 (Must be higher than the average spread of the currency pair)
Auto Lot: = 0.2 to 1.0 (= 1 mean lot size = 1 lots per $100,000 balance, or 0.01 lots per $1,000 balance...)
Fixed Lot: = 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size and Auto Lot is disabled)
Multiplier Lot: >= 1.0 (EA will automatically increase the lot size like the martingale strategy)
< 1.0 (EA will increase the lot size with less rate, similar to the D'alembert strategy)
Distance Entry: = 20 to 25
Trailing: = 8 to 15
Start Trailing: = 30 to 60
Take Profit: = 200 to 800 should be x5 to x10 times that of Stop Loss
Stop Loss: = 40 to 100
Min Volatility: = 40 to 70
Max Volatility: = 50 to 100
Time frame: M5. Use VPS with low latency (<20ms).
Currency pairs: major currency pairs with low spreads.
Use EA with ECN or Raw spread accounts.
Min Balance: $ 1000 Min Leverage: 1:00
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stop Level on the 3rd line)
Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick