It is an Expert Advisor which works with tick datas. It is a reversal scalper and uses basic price action rules in volatile market conditions. This version of expert was optimized for USDJPY pair and for low spreads (better maximum 0,9 spreads). You can optimize it for your broker or ask me for this before to buy.
Parameters ( You can change these )
- AlyonkaFactor = default is 28.90 for transaction frequency,
- DistanceFactor = default is 20 ( parameters must be compatible with your broker settings ),
- TrailingStop = default is 22 ( parameters must be compatible with your broker settings ),
- StopLoss= default is 22 ( parameters must be compatible with your broker settings ),
- MaxSpreads = default 9 shows it will work max 0.9 spread,
- fixedlots = default 0.01 means it will open orders in that size if money management is false,
- risk in percentage = default 10,
- magic number = 1116
You can optimize for your broker or can ask me for this. This EA doesn't work in visual mode for tester, and it does not work some brokers which has stop level more than 20(*) . You should use every tick mode and M1 timeframe for better result or higher timeframes for faster results.
You can find unmatched parameter's errors between your input parameters and your broker's settings, on the chart window or/and in the journal tab of your mt4 platform.
(*) Ask me if it doesn't work about your broker, I will test for this broker and can find a solution for it.
Use your broker demo account first before real trade. You only need low spread reliable broker, fast internet connection and volatile market conditions.