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Welcome.
IMPORTANT: Due to many drawings the testing will be very slow. YOU CAN USE CONTROL POINTS with visualization to see faster the strategy.
Next Level Scalp uses readings from several indicators and it deploys possible searching areas.After the AREAS appeared, a super calculation system based on candle size and moment price action it decides to open the first position.
NEW: a NEW INPUT allows the user to change the distance between the trades ,AFTER A SPECIFIC LOT.
Super overlap System helps the EA to get out of difficult conditions.
Recommendations:
- 5000$ balance or 50$ in CENT accounts.(the more the better always)
- 1M or 5M timeframe .The EA can be used at any Timeframe though.Each timeframe will give different performance. I prefer 1M and 5M which is riskier and more profitable though.With big accounts ,no worries.
- The default set is made to trade GOLD (XAUUSD). For FOREX pairs :Forex pairs need to DELETE the zero (0) from ''min distance in pips'' eg:From 50 that used in gold to 5 for forex. etc.The same in '' NEW DISTANCE'' input: from 180 in GOLD,to 18 in forex etc. AND in ''MIN TP in pips for 1st'' from 50 to 5
You can optimize any of the sets though as per your needs.
- Different magic numbers to different charts.
Inputs:
- Starting Lot: The starting lot.
- Second Position Lot: The lot for the second position.
- Multiplier martingale: The multiplier after the second position.
- Max Lot: The max lot a position can have.
- Min Distance in pips between the trades: The min distance between positions.
- Change distance after this lot: After this lot the distance between the trades will change.
- NEW DISTANCE: The new distance
- Max Sells: The max sells.
- Max Buys: The max buys.
- MIN TP in pips for 1st Pos: The minimum take profit in pips for 1st position.
- Money in profit for more than 1 position: The MINIMUM profit in money for more than one position.
- Overlap system after X trades: The EA will overlap after Χ positions.(close winning trades with losing one.)
- Stop Loss Pips: Stop loss in pips for each position.
- Stop Loss in Money: The EA will close positions if loss is greater than minus X amount in money.
IMPORTANT: there is an EMERGENCY SYSTEM that closes the 1st position if some specific reading are dangerous BASED on past results.So, when the EA has ONLY one position open, it may close it in negative in some rare though situations.
