A news scalper ea, suitable for any currency pair whose spread are less than 20 points.
- Recommended pair - EURUSD and GBPUSD
- Recommended Risk - 40
- Time Frame - 1M
- Recommend account - ECN account with VPS is recommended.
- It open trade only when news Volatile the market. So have some patience.
- It trade at the time of volatile market, so highly recommended to use VPS to avoid slippage. or recommended ping with server is less than 10ms.
Settings :
- Filter = XX (use 10 for 5 digit pair and 20 for 4 digit pair(Pair in points = 10, Pair in pips = 20))
- MagicNumber = XXXX (use different magic number for different pair/timeframe)
- TradeComment = XXXXXXXX (Optional= you can leave it blank as well as your desired comment, it will appear in the comment in every trade)
- MinLots = 0.01(your desired minimum lot value)
- MaxLots = 100(your desired max lot value)
- Risk = 50(Risk per trade according to available margin)
- FixedLots = 0.1(fixed lot size per trade works if UseMM is set to false)
- UseMM = true(Calculate trade lot size as per RISK and balance automatically)
- MaxSpreadPlusCommission = XX(allowed Max spread in points)
