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CAP Asian Scalper EA

2.29

MeetAlgo Asian Scalper is an Expert Advisor that uses range breakouts strategy to enter trades when the market is the most quiet. It will scalp the market for small price deviations. This EA will need a good broker with small spread to work successfully. It is fully optimized for AUDCAD, EURAUD, GBPAUD, GBPCAD, GBPCHF and GBPUSD. The trades are based on several indicators and it's not a tick scalper EA. It need 1:300 leverage minimum, and a low spread broker. It is recommended to use a low spread broker and a VPS. You can start using it with $100 only.


Key Advantages

  • No Martingale.
  • Always uses Stop Loss to protect capital.
  • User friendly.
  • Optimizable for all currency pairs (low spread is advised).
  • No hedging.
  • Works on all brokers.


Trading Requirements

  • A good broker.
  • A good Internet connection.
  • A lot of stamina.
  • 1:300 leverage minimum.


Backtesting

The Expert Advisor uses tick data. Please backtest EURUSD M15 in "every tick" mode and play to find the best parameters.

MeetAlgo Asian Scalper is developed for M15 charts, but it can be optimized for any currency pair or timeframe. Try the demo now!


Input Parameters

EA CONFIGURATIONS

  • ActiveStrategy - Select your strategy.
  • DailyMaxTrade - Maximum trade in daily. 0 - disabled.
  • MaximumSpreads - Maximum spreads for an open trade. If the current spread is higher than what you receive in a setting, then the robot will not trade. Please note that the spread is in pips.
  • Slippage - Allowed slippage when opening a deal (in pips).
  • AutoGMT - if True, EA auto calculate your broker GMT time zone. You need tick the "Allow WebRequest" option and add "http://time.is/UTC" to use this function. Otherwise it will not work.
  • ManualGMTOffset - if AutoGMT off or in backtest, the EA follows ManualGMTOffset for time zone.
  • MondayTrade - FridayTrade - Enable trading day of week, true/false.

KEEP IN MIND: This EA build for Asian market only, so this is very important to put correct broker time zone into 'ManualGMTOffset'.

STRATEGY_1 SETTING

  • MagicNumber - Magic number for strategy_1.
  • Strategy1_TP - Max initial Take profit.
  • Strategy1_SL - Max initial Stop loss.
  • Strategy1CloseTradeByTime - close trades by Time.
  • Strategy1StartTime - Trade start time for Strategy_1.
  • Strategy1EndTime - Trade end time for Strategy_1.
  • Max Hour to Trade From StartTime - Max hour to trade from StartTime.

STRATEGY_2 SETTING

  • MagicNumber - Magic number for strategy_2.
  • Strategy2_TP - Max initial Take profit.
  • Strategy2_SL - Max initial Stop loss.
  • Strategy2CloseTradeByTime - close trades by Time.
  • Strategy2StartTime - Trade start time for Strategy_2.
  • Strategy2EndTime - Trade end time for Strategy_2.
  • Max Hour to Trade From StartTime - Max Hour to Trade From StartTime.

LOTS MANAGEMENT

  • LotsType - Select any of lots management type.
  • RiskPercent - Lot is chosen automatically based on percentage of the loss.
  • FixedLots - Fixed Lots.
  • XBalance - Lot will increase based on XBalance amount. Calculated as (Your Current Balance/XBalance * LotsizePerXBalance = Your current lots size).
  • LotsizePerXBalance - Lot size of XBalance.

CLOSE TRADE BY TIME

  • CloseTime1 - CloseTime6 - Value in Minutes. After selecting the expiration time from open trade time, the EA follows Take profit as 'CloseTime1_TP'.
  • CloseTime1_TP - CloseTime6_TP - Take profit in Pips.

Example - Your CloseTime1=60 and CloseTime1_TP=3 (pips). So if your open trade closes by your initial take profit after 60 minutes, the EA will follow new take profit level as CloseTime1_TP=3. The EA has 6 different time and take profit levels.

NEWS FILTER

  • News Filter - To enable News Stop Trading (does not work in tester!).
  • News Source - Select news source for download news data.
  • Current Currencies to display the news - if True, the EA only filters the current chart symbol.
  • Select Currency to display the news - if Current Currencies = false.
  • LowNews, MidleNews, HighNews - Filter news importance level.
  • ShowNewsLine - Show news time on chart.


Official Channel

To get product news, setting file, free indicator, please subscribe on our Official Channel.


Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of MeetAlgo LLC

Bewertungen 20
matzepang
296
matzepang 2019.02.27 20:28 
 

Nice EA

Make good Orders with the standard Setting

I use it since last year and make Profit

DrGalak
190
DrGalak 2018.05.15 12:45 
 

first bot i purshased! now close to 2 weeks works on real vps account. and what can i say? WOAW 20 trades: 18 wins 2 looses. SO GOOD!

just be care of your MM!

I higly recomand this EA

BabyPips24
121
BabyPips24 2018.04.30 01:07 
 

Great EA been using it for 2 months now. It has its ups and downs but so far im ending in positive pips!. The wins way outweigh the losses. I'm Using His set files on signal but i have my TP Set at 5. I think it's safer that way. Also use proper management. Use the default 0.01 per 100 dollars but i recommend that on one pair..if you want to run all 6 then i high recommend 600 dollars..but its all up to you , that's just my preference. And last but not the least. Don't be greedy and be patient. Cheers!

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Thi Thu Ha Hoang
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5 (3)
Experten
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Auswahl:
Daniel Cwik
346
Daniel Cwik 2021.09.20 22:30 
 

10/8 Getting mixed results with standard setting. will continue to test with the preset file from the comments.

The 9/20 Just bought the EA. Installed it with standard settings and on first day it placed 6 orders with 5 winners and one big loss.

Francisco Perez Caso
541
Francisco Perez Caso 2020.03.03 16:11 
 

I bought several experts from this "developer" and they were a real scam with the backtests loaded inside and I can prove it.

matzepang
296
matzepang 2019.02.27 20:28 
 

Nice EA

Make good Orders with the standard Setting

I use it since last year and make Profit

Aceman123
2173
Aceman123 2018.07.17 23:47 
 

Der Benutzer hat keinen Kommentar hinterlassen

Ragnarill
865
Ragnarill 2018.06.21 23:09 
 

Went well for a week and then blew the entire account

Liji Chen
635
Liji Chen 2018.05.31 03:47 
 

Use one month, lose 50%，Disappointed, give up this product directly

Man Cham Wong
387
Man Cham Wong 2018.05.31 03:21 
 

Lost money buying this EA, and Lost money trading with this EA. Author removed the signal records to avoid people seeing the bad results.

Jim
1425
Jim 2018.05.21 19:05 
 

very disappointing

Yuriy Kuzmin
621
Yuriy Kuzmin 2018.05.21 09:18 
 

One step forward and three steps backward.

Totally crashed my account in few days.

loss, loss, loss... Not recommended.

Katavut Suwannalee
1089
Katavut Suwannalee 2018.05.17 10:50 
 

For this week many small winnings that gets erased by big losses.

Nader Abdulaal
265
Nader Abdulaal 2018.05.17 09:10 
 

Bad risk reward ratio 6:120 many small winnings that gets erased by large losses

DrGalak
190
DrGalak 2018.05.15 12:45 
 

first bot i purshased! now close to 2 weeks works on real vps account. and what can i say? WOAW 20 trades: 18 wins 2 looses. SO GOOD!

just be care of your MM!

I higly recomand this EA

Fabio Consola
123
Fabio Consola 2018.05.07 22:34 
 

big losses...

BabyPips24
121
BabyPips24 2018.04.30 01:07 
 

Great EA been using it for 2 months now. It has its ups and downs but so far im ending in positive pips!. The wins way outweigh the losses. I'm Using His set files on signal but i have my TP Set at 5. I think it's safer that way. Also use proper management. Use the default 0.01 per 100 dollars but i recommend that on one pair..if you want to run all 6 then i high recommend 600 dollars..but its all up to you , that's just my preference. And last but not the least. Don't be greedy and be patient. Cheers!

Zhi Hu
657
Zhi Hu 2018.04.29 05:31 
 

Der Benutzer hat keinen Kommentar hinterlassen

jorgefdc30
19
jorgefdc30 2018.04.25 22:39 
 

I lost a lot of money in the last days with this robot.

Moreno Dainese
1369
Moreno Dainese 2018.04.25 17:54 
 

large losses in the last days

VVCC5038
1065
VVCC5038 2018.04.25 14:46 
 

big losses...

Saad Ullah Babar
1026
Saad Ullah Babar 2018.04.18 19:17 
 

Der Benutzer hat keinen Kommentar hinterlassen

alrefai
197
alrefai 2018.04.17 19:58 
 

One of the best night scalpers with much lower purchase price than others! I have been using it for more than 3 weeks and the results are promising.

12
Antwort auf eine Rezension
Version 8.2 2024.04.02
UPDATED: Minor Update, Internal coding change.
Version 8.1 2022.02.27
--Internal coding change, complied with new build
Version 7.10 2020.02.11
-->Improved trading logic
Version 7.0 2019.02.24
-->Improved Logic and Coding.
Version 5.10 2018.06.18
--Important Update
---> EA Stop trading. Fixed this problem with this version.
Version 5.0 2018.04.17
- Changed Time zone input
- Removed Strategy1EndTime input. Added Max Hour to Trade From StartTime. Just set how many hour you want to trade from Start Time
- Same as Strategy2EndTime

- Added the new input ShowNewsLine, so that news time is displayed on a chart
Version 4.0 2018.03.23
- Added new inputs. Please read new description.
- Added lots management.
- Improved trading logic.
Version 3.0 2018.03.19
- Improved coding.
- Added new inputs - Please read the updated description to understand the new inputs.