Market / MetaTrader 4 / Experts /

Scalper Grid

149 USD

Demo downloaded: 1 441

Published: 23 May 2019

Current version: 1.4

Scalper Grid

4.67

Experts
Sze Yu Ma
Version: 1.4
Updated: 3 August 2019
Activations: 5

Features Summary

This EA leverages strategies and algorithms of the two popular strategies, scalping and grid trading. After tuning it not only takes advantage of scalper’s high win rate, but also grid system’s high resilience in the case of an unexpected trend.

Phased setup allows you to fine-tune volume, take-profit etc. strategies differently at different level of grid and equity. It also allow the EA to get out of a trending market easily by adjusting the TP target automatically.

When Time Filtering is activated, the EA will enter market only during the one of the multiple periods of time set up in a day. Auto time-zone detection is implemented to save you the hassle of calculating hours offset.

News Filtering of the EA is based on the information pulled regularly from investing.com. When scheduled news events approaches that can impact the volatility of related pairs, the EA will not enter the market.

Stop Loss Setting provides two ways to exit market and get away from further loss.

Money management enable high equity users to increase their investment. It’s dynamic so that when low equity users make money and their equity pass certain threshold the setting begins to take effect.

This EA can practically work on any currency pairs and time frames with proper optimization.

Sets files for various currency pairs and their reports can be downloaded at the following URL: https://www.mql5.com/en/blogs/post/726875

Current sets for the following currency pairs are available (23 pairs) (all with M5 timeframe):

AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, EURUSD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY

For the detailed parameters descriptions and in depth backtest results, please kindly download the at: https://www.mql5.com/en/blogs/post/726875

General Recommendations:

- Minimal Capital for this EA is $3000 with 1:400 leverage. To ensure safety, it's suggested to add $1000 capital per added traded pair.

- Avoid trading with pairs and sets with high correlation (>0.4), e.g., EURAUD and AUDCHF, EURAUD and AUDUSD

- An ECN broker is always recommended

- A VPS with low latency is always recommended

- Use a different magic number for a different chart if you plan to use it on multiple currency pairs

- For news filtering to work properly, in your MT4: Go to Tools > Options > Expert Advisors tab and enable "Allow WebRequest for listed URL", then add the following URL:

http://ec.forexprostools.com

Warning: This EA uses the strategy of grid trading, therefore it could involve high risk. Please do some testing with the demo version and make sure you understand how it works before you trade with this EA

more...

1394

yuji kitamata 2019.07.23 14:46 #

This EA is a great performance!

563008

Marco Solito 2019.06.30 09:15 #

I bought this Ea, I did a lot of testing, it looks very good, I suggest you try it, very responsive and helpful author!

mhariw2608 2019.11.07 07:26 #

I think It will be much better if there is trailing stop.....

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Filter:

mhariw2608 2019.11.07 07:26 #

I think It will be much better if there is trailing stop.....

257

alfred ziegenbein 2019.09.10 13:24 #

User didn't leave any comment to the rating

1394

yuji kitamata 2019.07.23 14:46 #

This EA is a great performance!

Ultimate Charm 2019.07.09 08:13 #

I tested a lot of pairs with Scalper Grid and the results are very promising in the backtest. I started using it on live account and so far it's been going well. Kudos to the EA Author!

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Marco Solito 2019.06.30 09:15 #

I bought this Ea, I did a lot of testing, it looks very good, I suggest you try it, very responsive and helpful author!

Version 1.4 2019.08.03

- Bug fixes on news filter
- Bug fixes on information panel
- Other performance issues and bug fixes

Version 1.3 2019.06.25

- Bug fix on "News Filtering" function
- Margin call notification will be shown in journal tab
- Other minor bug fixes

Version 1.2 2019.06.05

- Fixed "zero divide" error when backtesting

Version 1.1 2019.06.04

1 - News events will be pulled instantly when attached to a chart.

2 - Money management and Time filtering are now available for toggle to true/false.

3 - Money management is now based on "balance" instead of "equity".