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US500 Index Scalper
EA US500 Index Scalper is a fully automated trading strategy. Expert Advisor is designed and optimized exclusively for US500 Index (US SPX 500 Index).
EA trading strategy relies on the volatility of Price Action to look for trading signals with a high probability of winning. If the robot recognizes positions with floating losses, he will try to make up for his gains and then close the positions with the smallest loss.
If you do not have experience using EA, you should use the Default Setting with initial capital from $ 300.
You should use EA with brokers that allow trading microlot (0.01 lot) with US500 Index. Suggestions: Tickmill
Time frame: any time frame. Use VPS with low latency (<20ms).
Use EA with ECN or Raw spread accounts and allow hedging. Min Balance: $ 300
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)
Do not use this EA with another EA on the same account. Do not make deposits or withdrawals while the EA has open positions.
Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick.
* Do Not backtest while EA has open trading orders. If you need backtest during that time, please use another MT4 Terminal. Because the information (press F3) stored under your live account can be replaced by information from tester when backtest.
* EA only works with US500 Index (US SPX 500 Index).
* Use EA with broker with 2 decimal places for US500 price, for example 4567.12