As the name suggests, the scalper opens trade only when precise conditions are met in the market based on strict entry criteria. The entry points are calculated using price action, trend analysis and candlestick analysis without relying on any lagging indicators. Every trade has fixed stop loss . Take Profit to Stop Loss ratio is more than 3:1 in default settings. The EA trades best on EURUSD on the M5 timeframe (refer screenshot). You can contact me after purchase to help you set up the EA.
Initial Price - 10,000 USD. Price will increase after 5 purchases.
Requirements :
Low Spread ECN account
Minimum Deposit - 10 USD (100 USD recommended)
VPS
Account Type: Hedged
Highlights :
Every Trade has fixed stop loss
Take profit to stop loss ratio in default settings is 3:1
Auto or fixed lot sizing option
Refer screenshot section for back test result (Default settings)
Trading time for the day
Important Input parameters:
lotsizing - variable (lots will increase in proportionate to increase in balance) or fixed (initial lot size is fixed and does not change with balance)
balance per 0.01 - Amount in currency per 0.01 lot
Stoploss in pips
Take profit in pips
Maximum Slippage in pips
Maximum allowed spread - spread in points
Start Hour - Hour at which EA will start trading for the day in 00:00 - 23:59 hours format
Start Minute - Minute part of the starting time
End Hour - Hour at which EA will stop trading for the day
End Minute - Minute part of the time at which EA will stop trading for the day
trend strength - Strength of trend for placing orders (default -3)
