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Yen Scalper Pro

40 USD

Demo downloaded: 26

Published: 6 October 2024

Current version: 1.1

Yen Scalper Pro

Experts
Aristeidis Gitas
Version: 1.1
Updated: 14 October 2024
Activations: 10

The Yen Scalper Pro is an automated Expert Advisor (EA) specifically designed for trading the USD/JPY pair on the 15-minute (M15) timeframe. This EA focuses on scalping strategies and utilizes technical indicators to open long positions. The settings are customizable, enabling the user to adjust the EA's aggressiveness according to their trading style. It is recommended to start with a minimum balance of $300 for optimal performance and risk management.

Pricing:

The current price of Yen Scalper Pro will start at the minimum for the first week and will increase by $30 each week until the end of November, when the new version will be released with a new price.

With these features, Yen Scalper Pro provides an efficient and flexible way to manage USD/JPY trades while offering a powerful recovery strategy that can be customized to suit the trader's preferences.

* By reducing the lot size in the settings or increasing the lossesToStartDouble parameter, users can achieve lower risk levels and smoother graph performance.*

** this EA can also be used on other currency pairs by adjusting the settings accordingly.**

The main elements the Yen Scalper Pro considers for opening positions include:

Relative Strength Index (RSI): This indicator evaluates market momentum by comparing the current price to previous ones, helping to identify overbought or oversold conditions.
Moving Averages (MAs): The EA employs 21 and 50-period moving averages to detect market trends and confirm entry points.
Support and Resistance Levels: The EA identifies key price levels based on past market movements and uses them to determine potential entry points.
Spread Range: The EA takes the spread (difference between bid and ask prices) into account before executing a trade, ensuring that the cost is within an acceptable range.

Input Explanations for the Yen Scalper Pro:

LotCalculator: When enabled, the EA automatically calculates the lot size based on the account balance to optimize risk management.
balanceToCalculateLotSize: This input defines the balance threshold used to calculate the lot size.
lotPerBalance: Defines the lot size for every specific amount of balance. The default is 0.01 lots per $1000.
tpPoints and slPoints: These are the take-profit (800 pips) and stop-loss (700 pips) levels set by default for each trade.
trailingStop: This option enables a trailing stop function, which adjusts the stop-loss dynamically as the trade moves into profit.
RecoveryMode: When enabled, this feature increases the lot size after a losing trade to attempt recovery of the losses, allowing for a more aggressive trading approach.

Customization and Flexibility:

All settings are initialized for a balanced approach, but users have the option to customize the parameters to suit their desired level of aggressiveness. The EA's flexibility allows it to be adapted to either conservative or aggressive trading styles.

Future Upgrades:

The next version of Yen Scalper Pro will include short position capabilities, adding more versatility to its trading strategies and increasing the potential for profit. This upgrade will also result in a price increase for the EA.

With these features, the Yen Scalper Pro provides an efficient and flexible way to manage USD/JPY trades, offering a powerful recovery strategy and customization to fit different trading preferences.

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Version 1.1 2024.10.14

In version 1.1 of the Yen Scalper Pro EA, the following updates and improvements have been made:

Profitable Settings Initialized: The EA now comes with optimized default settings that have been tested and adjusted for better profitability.
Bug Fixes: Minor bugs have been fixed to improve the stability and performance of the EA during live trading.
This update ensures smoother execution and enhances the overall trading experience. Make sure to test the EA in your preferred trading environment and adjust the settings according to your risk appetite.