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.