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Multipound Scalper MT5 is a multicurrency Expert Advisor that works with a customizable trading time filter, Moving Averages and Bollinger Bands Indicators to determine the market entry and exit points.
I have tested this strategy intensively and it shows optimal performance when trading within the default time filter period : 2200 to 0100 hrs , with the combination of the currency pairs : AUDCHF, CHFJPY, EURCHF, GBPCHF, EURGBP and EURDKK on M5 or M15 timeframes . I urge you to confirm these results on your own, after downloading a demo version below.
The following is an overview of the settings used in this Expert Advisor:
- EA Comment = Comment of the order placed by the EA (Multipound Scalper).
- Fixed Lot size = 0.1
- Use Risk = true ( true means risk % will be used and false means Fixed Lot size will be used)
- Risk Percentage = 2 (2 means 2% of the account)
- Stop Loss = 65 (in pips, should not be 0)
- Take Profit = 20 (in pips)
- Start Hour = 22 (in 24Hr clock)
- End Hour = 1 (in 24HR clock)
- Symbols To Trade = AUDCHF,CHFJPY,EURCHF,GBPCHF,EURGBP,EURDKK
NOTE :
- The default settings of this Expert Advisor have been optimized and are recommended for use on M5 or M15 timeframes.
