Diamond Scalper X MT4
- Experts
- Lo Thi Mai Loan
- Version: 1.0
- Activations: 7
Diamond Scalper X is an Expert Advisor specifically designed for the GBPUSD pair. It has been crafted by a team of developers with experience in both trading and coding.
Diamond Scalper X utilizes a dynamic breakout zone strategy. These zones are automatically and dynamically determined, ensuring accuracy and objectivity. The EA ensures that the identified zones always have the highest probability of accuracy in the market.
A key feature of Diamond Scalper X is its avoidance of risky trading methods such as Martingale, Grid, or Hedge. The EA only opens one trade at a time and always sets clear Stop Loss (SL) and Take Profit (TP) levels to protect the account.
The EA prioritizes safety and aims to be your reliable companion on the trading journey.
Overview:
To succeed in the trading market, there are two approaches:
1. You can win frequently with a high win-rate and a small risk-reward ratio (RR).
2. You can win less frequently with a low win-rate but a high risk-reward ratio (RR).
Different strategies yield different ratios, but with approach 2, many traders may become discouraged due to the very low accuracy. Very few traders can overcome the emotional challenges and may end up giving up, experiencing losses.
Therefore, Diamond Scalper X was created to address this issue. The EA follows approach 1, allowing investors to feel psychologically comfortable when using it. It generates small but consistent profits on a yearly basis.
Advantages:
- Does not use Martingale.
- Does not use Hedging and Grid.
- Doesn't use artificial intelligence.
- Doesn't use neural networks.
- Positions are protected with a Stop Loss.
- Simple setup.
Recommendations:
- Currency pair: GBPUSD
- Timeframe: H1
- Minimum deposit: $100
- Account type: IC Markets Raw accounts for the lowest spreads.
IMPORTANT: It is crucial to use LOW SPREAD accounts for the best results!
Characteristics:
- GBPUSD trading.
- Does not use Grid, Hedge, or multiple open trades.
- Each trade is protected by a Stop Loss.
- Built-in automatic lot bidding function.
- Very easy to install; you can use the default settings with Close Pending Orders Opposite = false. With higher profit but also higher risk. Recommend setting Close Pending Orders Opposite = true.
- Use a VPS to keep the EA running 24/7 (highly recommended).