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.
The EA can be used in 2 ways (at the moment):
Fully automatic trading, using 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.
As a tool for manual trading strategies, where the trader can pick the entry points, or in combination with other EA’s for setting the entry points, and the Advanced Scalper EA will use its advanced exit-algorithms to follow up those trades.
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
Strict use of stoploss on every trade
very advanced SL-management
spread filter to avoid trading during bad market conditions
slippage control algorithm, to avoid bigger losses during heavy slippage
fully automatic mode, with adjustable entries
exit-strategy can be used on any manual trade(s) or on trades from other EA’s
survives strict high quality backtests, with real variable spreads, commission and random slippage at 99% tickquality
Proven live results on “high balance” accounts and with several different brokers.
Recommended minimum balance for running full setup: 150$
It is recommended to use the EA 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.
Brand
EA MT4
Refund
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Download
To download this MT4 Expert Advisor require ADVANCED INSTALL SKILLS ( DLL ).
This is the most challenging way to download an Expert Advisor, but we will assist you and try to simplify the process if you follow all the steps in these instructions.
This Expert Advisor is a .zip file that include msimg32.dll. You must to follow the steps on the following video just to be able to download your product.
Install
The installation of this MT4 Expert Advisor is ADVANCED INSTALL SKILLS ( DLL ).
This is the most challenging way to install an Expert Advisor, but we will assist you and try to simplify the process if you follow all the steps in this video tutorial.
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