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Lazy Scalper MT4

50 USD

Demo downloaded: 153

Published: 5 December 2022

Current version: 1.12

Lazy Scalper MT4

Name: Lazy Scalper MT4
Price: 50.00 USD
Author: Nguyen Quoc Hung

Experts
Nguyen Quoc Hung
Version: 1.12
Updated: 17 December 2022
Activations: 10

Lazy Scalper is fully automated, it is built based on the break-out strategy by calculate the signal from the ZigZag Indicator (strategy 01) or Fractal Indicator (strategy 02).

This EA does not use any martingale or grid functions and follows a logical concept and it is suitable for both beginners and experienced people.

The Backtests shown in the screenshots were done with default settings. It may not be the best or the worst. Please download the free demo to experience your own.

suggestion:

Trading pairs : EURUSD, USDJPY, GBPUSD, XAUUSD
Timeframe : H1
Brokers : Low Spread

Parameters of the EA:

-------- <EA Settings> --------

Magic Number: The identifying (magic) number of the currently selected order.

Bot name: Name of the Expert Advisor.

-------- <General Settings> --------

Allow Buy Trades: Allow the EA to place buy orders

Allow Sell Trades: Allow the EA to place sell orders

Maximum allowed slippage

Maximum allowed spread

Entry strategies: choose an entry strategy (Including: Strategy 1 and Strategy 2)

-------- <STRATEGY 01> --------<ZigZag Indicator>

Depth: the parameter allows the specification of the minimum number of periods.

Deviation: the percentage once the previous maximum or minimum is formed.

Backstep: the last set up and it reflects the minimum amount of bars between which the maximums and minimums can be draw.

-------- <STRATEGY 02> --------<Fractal Indicator>

Left Bars Sensitivity: number of bars on the left of the extremum.
Right Bars Sensitivity: number of bars on the right of the extremum.

-------- <Trading Settings> --------

Trading Volume: calculation mode for Lot size.

Fixed Lots: Lot size for each trade if the fixed trading volume mode is chosen.

Risk Percentage of Balance (%): The lot size for each trade will be calculated so that the set percentage of your account will be lost if hitting stoploss.

SL (in Pips) (0 = No SL and Fixed Lots)

TP (in Pips) (0 = No TP)

Dist from [H], [L] to OP_Price (in Pips): distance from highest and lowest to Open price.

Trailing stop Trigger Pips (0 = Inactive): minimum profit to activate trailing

Trailing stop (in Pips): distance behind the current market price (Bid, Ask).

Trailing stop Step (in Pips)

-------- <Trading Time Settings> --------

Trading Time Filter: enable/ disable sending orders in allow time. (Server time)

Start Hour: hour to start trading.

Start Minute: minute to start trading .

End Hour: hour to stop trading.

End Minute: minute to stop trading

-------- <Drawdown Settings> --------

Drawdown Monitoring: enable/ disable drawdown control function

Max Daily Drawdown (%): maximum value of drawdown in a day.

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This indicator converted from Squeeze Momentum Indicator [LazyBear] version on TradingView [---- Original Notes ----] This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11). The Squeeze Momentum Indicator (or TTM Squeeze) is an indicator that measures volatility and momentum, based on price movement within a tight range for a period of time and then breaking out sharply to initiate large moves. The most popular ver

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Paracel EA is an advanced and fully automated Expert Advisor designed to help traders navigate the complexities of the financial markets. Using a sophisticated strategy based on the Supertrend indicator and another built-in indicator, Paracel EA can analyze market conditions and identify trading opportunities with remarkable precision. The EA is equipped with a range of powerful features, including martingale functions, to help maximize profits and minimize risks. Whether you're a seasoned trad

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- The Symbol Changer Utility for MetaTrader is a tool that enables traders to switch between various symbols on the MetaTrader trading platform easily and quickly. - It is designed to change the symbol of the current and all open chart windows and the timeframe of the current chart window (by clicking the button). - The tool retrieves symbols from the Market Watch, displaying only the necessary symbols in the market watch.

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Akhror Norboev 2024.01.25 10:17 #

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Reply from developer Nguyen Quoc Hung 2024.01.25 11:00 #

thanks!!!

Version 1.12 2022.12.17

- Add function: Close All trades on Friday.

Version 1.11 2022.12.14

Fixed bug: trading time

Version 1.10 2022.12.12

Bug Fixes
Add Order Expiration time