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Trend Reversal Scalper

50 USD

Demo downloaded: 170

Published: 22 February 2024

Current version: 1.19

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Trend Reversal Scalper

Name: Trend Reversal Scalper
Price: 50.00 USD
Rating: 2 (1 reviews)
Author: Simon Reger

Experts
Simon Reger
Version: 1.19
Updated: 20 November 2024
Activations: 10

With this EA it is possible to reverse trends and trade (scalp). It is based on the assumption that markets are cyclical and price movements often continue in a trend after a reversal in an opposite direction. The Trend Reversal Scalper (EA) is an automated trading robot specifically designed to identify and exploit trading opportunities based on trend reversals. The EA uses a combination of technical indicators and market analysis to identify a trend reversal and make the trading decision accordingly.

When using the Smart Grid system combined with hedging mode, losing positions are offset against realized profits. This minimizes the risk. It can also be defined what percentage of the profits should be used to cover the losses.
The best results are achieved in the sideways trend. The following setting options and filters are available for this:

    A range of relative highs and lows
    Bollinger Bands as rebound or breakout
    Trend filter via 3 moving average
    RSI filters
    Smart grid system

There is a safeguard that loss positions are offset against generated profits.

With appropriate settings, the EA can be used for all assets. Crypto (BTCUSD) is also possible, but since there can be very strong fluctuations, caution is advised here.

Presets:
https://www.mql5.com/de/market/product/113339#!tab=comments&page=4&comment=53364679

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Filter:

ahmad almosawi 2024.12.16 13:32 #

Ya. I am sorry this is NOT a good bot. At all. It enters 1 to 2 trades a day that's IF it does. I was lucky enough to rent it instead of buy it in the hopes it'd be better and more polished than Simon's free gold trend ea. Money down the toilet. Oh well. 😳😢 Sadly this bot is just plain dead. It's just badly made. Stay away.

19599

Reply from developer Simon Reger 2024.12.16 14:40 #

Can you send me the Settings you used, the capital and Lotsize? Which currency pairs did you use?