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Scalping king EA

Demo downloaded: 35

Published: 30 May 2024

Current version: 1.0

Scalping king EA

Experts
Jonathan Daniel Marion
Version: 1.0
Activations: 10

Launch PROMO:
  --> for a limited time
Download the setfile here.

This MT5 expert advisor allows you to trade a specific scalping pattern in a fully automated way. The chart patter catches trend reversals above or below a specified Moving Average and uses different filters to increase the win rate.

It works on all Brokers and on all the Symbols, be it forex, indices, commodities, cryptocurrencies etc.

It DOES NOT USE: Martingale, Grid trading and Hedging.

The idea behind this EA is to catch trend reversals and trend continuations after a retracement.

The default settings include an already optimized strategy for the Nasdaq index. It was subjected to a completely natural optimization starting from 2023 till end of 2023 on real ticks, without forcing results to just match a couple of good months.
These results do only represent the past are are at no point a guarantee of future results.

We recommend that you do your own research, testing and optimizations based on your needs.

Setting up your EA

The inputs are expressed in points.

Proportional Stop-loss to the range: puts automatically the SL at a proportion of the range, with a value of 1 it takes the full range, with 0.5 half of it and so on.

Fixed Stop-loss (maximum): maximum allowed size of the SL even if the range gets too big. The EA takes the smallest SL between the fixed and the proportional.

Proportional trailing Stop-loss: size of the trailing SL that is proportional to the SL size. 1= same size as SL

Fixed trailing Stop-loss (maximum): maximum allowed size of the trailing SL. The EA takes the smallest trailing SL between the fixed and the proportional one.

Proportional start of the trailing Stop-loss: size of the trailing SL that is proportional to the TP size. 0.5= Trailing SL strats once price is half way to the TP

Fixed start of the trailing Stop-loss (maximum): maximum allowed level of the start of the trailing SL. The EA takes the smallest start of the trailing SL between the fixed and the proportional one.

Stop-loss following previous candle: if set to true The EA will put the SL at the previous bars Low or High depending on the direction of the trade, on the low for a long position and on the high for a short position. In case of an active trailing SL the EA will choose automatically the closest SL to the actual price. If set to false the EA will not consider the High or the Low of the previous candle.

Proportional Take-profit to the Stop-loss: size of the Take profit that is proportional to the SL. 2= 2 times the size of the SL.

Fixed Take-profit (maximum): Maximum allowed size of the TP. The EA takes the smallest TP between the fixed and the proportional.

Partial Take-profit: fixed level at which to close part of the open position.

Percentage of volume to be closed on partial Take-profit: between 0 and 100. 50 closes 50% of the position.

Maximum Spread to enter: above this spread level the EA does not trade, useful in case of a spread change during the after hours, or if the broker applies variable spread.

Offset +/- from the Range: decide if you want your trade to be executed with an offset to the High and Low of the Range.

ATR Period: choose the period of the Average true range.

Moving average period: choose the period of the MA

Moving average Method: choose MA method

Moving average applied to: choose how the MA is applied, closing price, open price, median price…

Relative close of the candle to the MA: choose what part of the candle has to close above or below the MA; close above means the closing price of the candle, all above means the complete candle does not intersect the MA, extreme above means that he considers just the high and the low of the candle to the MA, no_condition does not consider the MA to enter a trade.

Candle -1 color: Bullish means that for a long position it must be a bullish candle and for a short position it must be bearish; Bearish means that for a long position the candle -1 needs to be bearish and bullish for a short position. Candle all does not consider any color.

Candle -2 color: Color of the candle before candle -1, if set to bearish it means that it should have the opposite color of candle -1. ex. Candle -2 should be bearish and candle -1 bullish to enter in a long position. Candle all does not consider any color.

minimum ATR: if the ATR is below the minimum the EA will not execute the trade.

Maximum ATR: if the ATR is above the maximum the EA will not execute the trade.

Minimum distance to the MA: minimum distance or relative close of the candle to the MA

Maximum distance to the MA: maximum distance or relative close of the candle to the MA

Minimum candle size: if the size of the candle is below the chosen one the EA will not execute the trade.

Maximum candle size: if the size of the candle is above the chosen one the EA will not execute the trade.

Min. difference of extremes same direction of trade: for a long trade takes the minimum difference between the lows of candle-1 and candle -2, for a short trade takes the minimum difference between the highs of candle-1 and candle -2.

Max. difference of extremes same direction of trade: for a long trade takes the maximum difference between the lows of candle-1 and candle -2, for a short trade takes the maximum difference between the highs of candle-1 and candle -2.

Min. difference of extremes opposite direction of trade: for a long trade takes the minimum difference between the highs of candle-1 and candle -2, for a short trade takes the minimum difference between the lows of candle-1 and candle -2.

Max. difference of extremes opposite direction of trade: for a long trade takes the maximum difference between the highs of candle-1 and candle -2, for a short trade takes the maximum difference between the lows of candle-1 and candle -2.

Min. proportional size of candle wick: select the minimum size of the wick proportional to the candle -1.

Max. proportional size of candle wick: select the maximum size of the wick proportional to the candle -1.

Put sl on the extremes of the candle: places the sl on the extremes of candle -1.

Stop-loss following high/low of previous x candles: select if the sl should automatically follow the high/low of the previous x number of 1 minutes candles.

Beginning hour to start trading: choose the hour from which the EA starts trading and creates the range.

Beginning minute to start trading: choose the minute relative to the beginning hour from which the EA starts trading and creates the range.

finish hour to enter in a trade: choose the last available hour to place a trade.

finish hour to enter in a trade: choose the last available minute relative to the finish hour to place a trade.

Close all the trades at the last hour and minute above: if true closes all the trades at the finish hour and minute to enter a trade.

Time frame: Select the timeframe for the patter.

Trading Days: Choose if you want the EA to stop working on a chosen day.

Maximum number of trades in the session: choose how many trades the EA can perform in the session

Stop trading that day after the first winning trade: if set to true the EA will stop trading after the first positive trade.

Close the trade if a new trade enters: if true closes the open trade when a new trade starts.

Allow multiple trades to be opened: if false does not allow to trade the same pattern if already in a trade.

Constant lots: if set to true the EA trades with a constant lot size.

Constant lot volume: volume of the lots if constant lots is set to true.

% of the account balance risked per trade: implies constant lots to false. 1 equals that you risk 1 % of the account per trade and so on.

Magic number of the EA: Choose the magic number of the EA so that you can trade different time based breakouts, each strategy should have it’s own magic number.

Thank you for downloading our EA, we are open for suggestions and to improvements.

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We proudly present our cutting-edge robot, the Big Forex Players EA designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the biggest Banks (positions are sent from our database t

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Eternal Engine EA is an advanced Expert Advisor that utilizes multiple indicators and strategies, providing traders with a comprehensive automated trading tool. It offers numerous trading opportunities, is not sensitive to spreads, and employs strict entry points to precisely initiate each trade. The strategy has proven itself in real market, with a year-long real-time signal of low DD.Whether you're a beginner or an experienced trader, Eternal Engine EA offers an exceptional trading experience.

599 USD

Some friends said that the price increase from $300 to $499 was too fast, and they hoped that the discount could last a few more days! OK. $300, ending on August 31st. Many people like to trade XAUUSD, and I am no exception. After accumulating some trading experience and working hard, I created this Apocalypse XAU EA specifically for trading all XAU-related products, such as XAUUSD/XAUEUR/XAUGBP/XAUCHF/XAUJPY/XAUAUD. However, considering that many people may not need to trade all XAU currency pa

300 USD

Welcome to GoldExcel EA , an effective trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT! See all products here: https://www.mql5.com/en/users/fxmanagedforexltd/seller GoldEXCEL delivering 8+ months of SPECTACULAR PROFIT from 1k to 27K !!!: https://www.mql5.com/en/signals/2133201 5 star expert advisor!!! This incredible ea has rocketed a 1k account to 25+k in under 9 months. This is the real M

599 USD

Only 3 copies left at current price!, Next Price 599 USD. So Come on Hurry up! Parrots Gold MT5 EA is an Expert Advisor that is smart, powerful and accurate in determining entries. Parrots Gold MT5 EA works based on the concept of trend following combined with trading levels. Live signal Parrots Gold MT5 EA is an Expert Advisor that is safe and focuses on long-term use. This EA does not use dangerous strategies such as grids, martingale, hedging. Parrots Gold MT5 EA in making trading decision

499 USD

Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi

699 USD

This spread indicator displays the actual spread of each candle. It highlights the maximum spread and the minimum spread of the chosen symbol. This indicator is very helpful to see in real time the spread evolution helping to avoid taking a trade when the spread is too high. Inputs: Print value in Points: if true displays the spread as a whole number D isplay minimum and maximum spread of the past N days: select the number of days to consider the maximum and minimum spread Automatically

FREE

Launch PROMO: --> for a limited time Download the setfile here . This scalping MT5 expert advisor allows you to trade any time defined range breakout in a fully automated way. It works on all Brokers and on all the Symbols, be it forex, indices, commodities, cryptocurrencies etc. It DOES NOT USE: Martingale, Grid trading and Hedging. The EA works as a mechanical range breakout and it has different filters to accommodate your personal trading strategy and to filter out low volatility days.

90 USD

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