QuickTrend Scalper - expert for MetaTrader 5

Key Features:

• Signal Detection: Identifies oversold (RSI < 30) and overbought (RSI > 70) conditions with engulfing patterns for optimal entry points.
• Dynamic Risk Management: Uses the Average True Range (ATR) to adjust stop loss, take profit, and trailing stop levels, adapting to market conditions.
• Spread Filter: Avoids trading in high-spread conditions for better risk control.
• Visual Indicators: Displays buy (green arrow) and sell (red arrow) signals on the chart for easy monitoring.

Recommended Symbols:

• Forex: Major pairs like EUR/USD, GBP/USD, USD/JPY, and USD/CHF.
• Crypto: Liquid cryptocurrencies such as BTC/USD and ETH/USD.

Recommended Parameters for M1 Trading:

• InpPeriodRSI = 6 : A quick RSI for rapid market movements.
• InpMAPeriod = 2 : Short-period moving average for trend detection.
• MaxSpread = 15-20 points : Prevents trading during high spread conditions.
• InpLot = 0.01 : Start with a low lot size for safer trading on the 1-minute chart.

Getting Started:

1. Adjust the parameters based on your trading style and market conditions.
2. Test on a demo account first with recommended symbols to understand the EA's behavior and optimize settings.
3. Monitor performance and refine parameters if needed for the best results.

This EA is simple, adaptable, and suitable for both beginners and experienced traders looking for automated, short-term trading strategies.