WE HAVE DISABLED THE ADD TO CART BUTTON, BECAUSE THIS EXPERT ADVISOR IS NO LONGER WORKING, PLEASE SEARCH FOR ( TESTED ON 1420 ) IN THE MENU, THOSE ARE THE ONLY EAS CURRENTLY WORKING FOR MT4. ANYWAY WE ARE WORKING TO RECOMPILE AND MAKE THEM WORK AGAIN SOON.
Xturbo Scalper EA V3 4 is an automated trading system for specific forex major currency pairs. The EA isn’t available on the MQL marketplace, and you need to download it from third-party sources.
In this article, we’ll look at the Xpert Scalper EA, how it works, its strategy, and its features.
Xturbo Scalper EA V3 4 Strategy
The Xturbo Scalper EA V3 4 is a trading system designed to work on the EUR/USD, GBP/USD, and USD/JPY using a 5-minute timeframe. The system utilizes a hedging strategy and applies the Keltner Channel indicator to identify potential trading opportunities.
The Keltner Channel indicator is a technical analysis tool to identify an asset’s price action trend.
The indicator consists of two lines, an upper channel line, and a lower channel line, drawn above and below the asset’s price.
In addition to the Keltner channel, the EA uses a hedging strategy. When a trade signal is generated, the system will first open a position in the direction indicated by the Kelter Channel indicator.
If the market moves against the position, the system will open a hedging position in the opposite direction. This hedging position will have a smaller lot size than the initial position to reduce the overall risk exposure.
If the market continues to move against the initial position, the hedging position will keep adding profits, which can help offset the losses from the initial position.
On the other hand, if the market eventually turns in favor of the initial position, the system will close out the hedging position and let the initial position run.
The Xturbo Scalper EA V3 4 system comes with two presets, LOW RISK and HIGH RISK, which are applied to cater to traders with different risk appetites.
The LOW-RISK preset generates steady returns, while the HIGH-RISK preset is designed to get higher returns but comes with a higher risk of loss.
Select the preset that best suits your risk appetite using the Xturbo Scalper EA V3 4 system.
Once the preset has been selected, the system automatically generates buy and sell signals based on the Keltner Channels indicator.
Xturbo Scalper EA V3 4 Features
The EA works on EUR/USD, GBP/USD, and USD/JPY.
It uses the Keltner Channel indicator and works in only a 1-minute timeframe.
It is only available for MT4 and requires VPS.
The EA can be used with any forex broker platform.
Xturbo Scalper doesn’t require a minimum balance.
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 EA, recommended!!