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Multipound Scalper MT4

45 USD

Demo downloaded: 37

Published: 14 July 2023

Current version: 1.0

Multipound Scalper MT4

Experts
Moses Ngala Charo
Version: 1.0
Activations: 5

Multipound Scalper MT4, is a multicurrency or single currency (your choice) Expert Advisor that uses Bollinger Bands and Moving Averages to determine the entry and exit signals. It has a customizable time filter which is used to determine the optimal times to buy or sell currency.

SETUP

The settings are intuitive for ease of use and the following is a brief description:

EA Comment - The name of the comment to associate positions with.
Magic Number - A unique number to be used by this Expert Advisor to identify positions.
Fixed Lot Size - A fixed volume/lot size.
Select Lot Mode To Use - An option of using Fixed Lot Size (above) or Risk Percentage (below) for lot size calculations.
Risk Percentage - An input of 5,represents 5%. This is the percentage of the account balance to use in lot size calculations. For instance, 5 means using 5% of the account balance.
Stop Loss - The stop loss in pips.
Take Profit - The take profit in pips.
Max Spread - Spread filter in points. Positions will not be opened if the market spread is above this value.
Max Slippage - The slippage in pips to prevent the positions from opening too far from the intended price. Should be at least = 3 pips to avoid requote errors by the broker.
Use Time Filter - An option of using the time filter or not. YES - means USE time filter.The reverse is true for NO. Recommended for use at all times.
Start Time - Time (in 24 Hours System) to start trading. The default is 22 - which stands for 22:00 and is recommended for use.
End Time - Time (in 24 Hours System,) to stop trading. Default is 1 - stands for 01:00 and is recommended for use.
Symbols To Trade - Currency pairs to trade, separated by commas. An empty list means the current chart symbol, to which the EA is attached. For testing purposes consider using the symbols one by one.

RECOMMENDATIONS

Recommended symbols are the ones set as default on this input, using either M5 or M15 timeframes.

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