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In theory, the EA can be applied to any low spread market that has good liquidity, though I recommend these currency pairs in particular: EURUSD, USDJPY, and GBPUSD.
Two Modes of Operation
The Advanced Scalper V1.58 offers flexibility with two distinct modes of operation:
Fully Automatic Trading: Utilizes a High/Low breakout system for entry calculations. This mode can be run on any timeframe, but for more secure entry points, I recommend using H1 or H4.
Tool for Manual Trading Strategies: Allows the trader to pick the entry points, or use in combination with other EAs for setting entry points, with Advanced Scalper EA managing the exits using its advanced algorithms.
In the future, new entry-strategies and/or exit-strategies might be added to the EA, but only if they pass my strict quality control.
Main Characteristics of the EA
The Advanced Scalper V1.58 is packed with features designed to optimize your trading experience:
Strict Use of Stoploss: Every trade is equipped with a stop loss for risk management.
Advanced SL-Management: Sophisticated stop-loss management to minimize losses.
Spread Filter: Avoids trading during bad market conditions by filtering out high spreads.
Slippage Control Algorithm: Minimizes bigger losses during heavy slippage.
Fully Automatic Mode: Allows for adjustable entries to suit different trading strategies.
Exit Strategy: Can be used on any manual trades or on trades from other EAs.
High-Quality Backtests: Survives strict backtests with real variable spreads, commissions, and random slippage at 99% tick quality.
Proven Live Results: Demonstrated success on high balance accounts with several different brokers.
Recommended Minimum Balance: $150 for running the full setup.
Optimal Broker Conditions
It is recommended to use the Advanced Scalper V1.58 on brokers with low spread, low commission, and fast execution. Also, a broker with STOPLEVEL=0 will work best (minimum distance to put SL). Most ECN Brokers have these qualities, ensuring optimal performance of the EA.
Conclusion
The Advanced Scalper V1.58 is a versatile and robust trading tool that can significantly enhance your trading performance. Whether you prefer fully automated trading or using it as a tool for your manual strategies, this EA provides advanced features and proven results. With strict risk management, sophisticated stop-loss management, and adaptability to various trading conditions, the Advanced Scalper V1.58 stands out as a premier choice for traders looking to maximize their returns in the Forex market.
Feature
Description
Operation Modes
Fully Automatic Trading, Manual Trading Tool
Timeframes
Recommended H1 or H4 for secure entries
Stoploss
Strict use on every trade
SL-Management
Advanced stop-loss management
Spread Filter
Avoids trading during high spread conditions
Slippage Control
Minimizes losses during heavy slippage
Backtests
High quality backtests with real variable spreads
Live Results
Proven on high balance accounts with various brokers
Minimum Balance
$150 for full setup
Broker Requirements
Low spread, low commission, fast execution, STOPLEVEL=0
Brand
EA MT4
Refund
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Install
The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors.
This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.
Copy the EA folder content from your product to the EA folder of your MT4 installation.
Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.
Responsability
Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.
Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.
admin (store manager) –
Excelent Bot, recommended