MT4-Luzart Scalper

Best results with: GBPUSD
GBPJPY can also bring good results.

This is the MT4 version.

Like with any scalper, you will need a broker with a low spread and a fast VPS.

This EA does not use martingale or grid.

Backtests have been done with Tick Story GMT+2. This GMT offset is used by most brokers

Requirements

Trading pairs: GBPUSD

Timeframe: M1

Suggested deposit: $1000

How it works:

The Ea will find a big movement in price, when such an event occurs, it will try to make a profit on the retracement.

Here are an example of the parameters and their description.

MAGICNUMBER = 20210126 - Magic number for the Expert Advisor to identify his positions
ShowDashBoard = true/false: Display information on the trading screen. (turning this off accelerate the optimization and backtests)

TrailingStop = 15 - Trailing Stop in points.

TrailingStopStart = 5 - When the trailing stop will start. This is to avoid getting a trailing stop that results in a loss.

TrailingBuySellStop = 25 - Trailing Buy/Sell Stop in points

StopLoss = 45 - Stop loss in points

MAPeriod = 3 - Moving average Period (it's not suggested to change this value)

MAMethod = 3 - Moving average Method (it's not suggested to change this value)
MAOffset = 40 - Additional points over the MA to trigger the order

MaxSpreadToStartTrades = 6 - Maximum Spread in points allowed to trigger order.

**** Risk Management ****

RiskInPcent = 1 - This is the risk percentage used to calculate lot size. Considering your stop loss and your Equity.

MinLot = 0.01 - This is the minimum lot size, if the lot calculated by the RiskInPcent is lower than this, the MinLot will override.

MaxLot = 10 - This is the maximum lot size, if the lot calculated by the RiskInPcent is higher than this, the MaxLot will override.

StopWhenBalanceUnder = 100 - This can be used to stop the EA from trading if the balance reaches this number. ExpertCanTrade will turn to false.

ExpertCanTrade = true - Let the Ea trade.

**** Time Management ****

UseTimeFilter = true

StartHour = 1

StartMinute = 30

EndHour = 23

EndMinute = 30

Sunday=false

Monday=true

Tuesday=true

Wednesday=true

Thursday=true

Friday=true

Saturday=false

In this example the EA can only open trades between 1h30 and 23h30, Monday to Friday.

The animation below is for March 2020 (one month) with Period: M1 Spread: 5 using the setting provided above.

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