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Ninja Turtle Scalper EA

97 USD

Demo downloaded: 114

Published: 31 October 2024

Current version: 1.0

Ninja Turtle Scalper EA

Experts
BM Trading GmbH
Version: 1.0
Activations: 10

The Ninja Turtle Scalper uses the Donchian Channel EA to find entry signals – just like the famous turtle trades did back then. The indicator is simple but yet effective. It is used by professional traders for many years and now also part of the MT5 framework. If you ever wanted to use the indicator's signals for scalping entries, this is the right EA for you.

No AI, Martingale or Grid needed. This is NOT the holy grail of trading. It will not make you rich over night and it is not risk free. Just a honest trading strategy with the idea to profit from quick trend accelerations.

This EA does not have to be used as a scalper. You can also disable the trailing stop or make it less aggressive. This will help to reduce the impact of slippage.

Download the free demo and use the strategy tester to find the settings you like. Please note that I never recommend specific settings because I cannot say what will work in the future! Also be aware that live trading results might be different than testing results. This strategy is designed to work with a very tight trailing stop loss. This can lead to slippage, especially during news events or quick market moves.

<Trade Settings>

VolumeMode: All trades have a set lotsize with VOLUME_LOTS or a variable lotsize based on a defined risk with VOLUME_MONEY

Volume: Fixed lotsize (VOLUME_LOTS) or amount of money to risk (VOLUME_MONEY)

TpPercent (0 = No TP): The distance from entry to initial TP calculated as a percent of the entry price

SlPercent: The distance from entry to initial SL calculated as a percent of the entry price

TslTriggerPercent (0 = No TSL): The Trailing Stop is activated when a trade is TslTriggerPercent in profit (calculated as a percentage of the entry price)

TslPercent: The SL will be trailed in this set distance behind the current price (calculated as a percentage of the current price)

TslStepPercent: The SL will only be modified if it is at least this distance above the previous SL (calculated as a percentage of the current price)

<Signal Settings>

Trigger: EA will open a position when a Tick leaves the Channel (TRIGGER_TICK) or a bar closes outside of the channel (TRIGGER_M1 and TRIGGER_DC_BARS)

DcTimeframe: The timeframe for the Donchian Channel

DcPeriod: The period for the Donchian Channel indicator

<More Settings>

Magic: This number should be unique for every EA in your account since the EAs use it to identify their own trades

Commentary: Commentary for every position the EA opens

IsSendLogs: The EA will document some operations or show errors in the experts journal when true

more...

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LUIS ALBERTO BIANUCCI 2024.11.10 21:25 #

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This Expert Advisor can be used to "fish" for quick retracements that take place within a major trend. Different filters can be used to determine the overall trend direction. Before entering a trade the program then wait for price moves against the trend. The EA provides different user inputs for volume and trade management. You can decide to close all the trades at a specific point in time during the day or use the trade management options to finish the job. Make sure to download the EA now to

147 USD

If you are using scalping strategies (or any strategy that uses stop orders for position opening or closing) you need to know your slippage. Slippage is the difference between your pending order price and the price that your brokers uses to execute your order. This can be really different and depends on the broker as well as on the market conditions (news, trading hours, etc..) With this small script you can calculate the slippage you "paid" in points and also in your account currency. You also

FREE

The Trendline Trader EA helps you to analyze and trade the markets with trendlines. You can place and modify lines easily with only few clicks. When you found a strong trend you can also activate the lines to open trades (or place orders) when reached by the price. The tool helps you to analyze multiple markets and still be able to trade trends without sitting in front of the charts all the time. You can change the appearance of the lines. It might be a good idea to choose different colors or si

50 USD

If you are using scalping strategies (or any strategy that uses stop loss orders for position closing) you need to know your slippage. Slippage is the difference between your order price and the price that your brokers uses to execute your order. This can be really different and depends on the broker as well as on the market conditions (news, trading hours, etc..) With this small script you can calculate the slippage you "paid" in points and also in your account currency. You also get average va

FREE

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LUIS ALBERTO BIANUCCI 2024.11.10 21:25 #

53051

Reply from developer Rene Balke 2024.11.11 05:39 #

Thanks for the review! Please make sure that you use only small capital or demo accounts first for further testing. Live trading results can vary from testing results because of slippage :)