Market / MetaTrader 5 / Experts /

Trady McScalpFace

149 USD

Demo downloaded: 42

Published: 16 December 2022

Current version: 1.30

Trady McScalpFace

Experts
Mads Njensen
Version: 1.30
Updated: 16 August 2023
Activations: 10

This Expert Advisor uses a scalping strategy, trading breakout from relative highs and lows, is highly customizable and features drawdown-protection, time/day-filtering, etc.

No Martingale/Grid system used. Please do your own backtesting and optimazation, no guarantees given.

Have fun trading!

Features

Trade Signal

Buy signal: Relative High of previous number of bars.
Sell signal: Relative Low of previous number of bars.

Stoploss Strategy

Fixed Stoploss, with or without Trailing Stoploss.
Chandelier Exit, based on Average True Range.

Exit Strategy

Fixed Take Profit.

Lotsize Management

Lotsize automated by procentage of balance.
Fixed lotsize.

Time/Day filters

Pause trading on specific weekdays.
Close all orders at specific time of day.
Close all positions at specific time of day.

Account Protection

Maximum daily drawdown, procentage and/or amount of equity - Time of daily reset customizable.
Maximum total drawdown, procentage and/or amount of equity - Start balance customizable.

INPUT PARAMETERS

----- Volume Settings -----

Managed or Fixed Lotsize: Choose between Managed Lot size or Fixed.

Fixed Lotssize: Fixed Lot size amount.

Procentage Based, Risk %: Procentage of balance to risk, when using Managed Lot size.

Max Lots to Trade (0 = Unlimited): Maximum lotsize.

----- Signal Settings -----

Timeframe: Timeframe to trade, default = Current Timeframe

Stoploss Strategy: Option to choose between Fixed Stoploss or Chandelier Exit

Bars to Analyse: No. of periods to analyze and find relative high/low.

----- Fixed Stoploss Settings -----

Stoploss Points: Stoploss Points from open price to SL.

Trailing Stoploss Trigger (0 = Deactivated): The Trailing Stop is activated when the positions profit is past Trailing Stoploss trigger.

Trailing Stoploss Points: Amount of points to trail after Trailing Stoploss Trigger is activated.

---- Chandelier Exit Settings -----

Average True Range Period: No. of periods to calculate ATR.

Chandelier Exit Multiplier: Defines the stoploss distance based on ATR.

----- Take Profit Settings -----

Take Profit Points (0 = Deactivated): Take Points from open price to TP.

----- Time Filter Settings -----

Time Filter: On/Off

Tradingwindow Start: Time of day to start trading (Note: Close all Position should be befines aswell).

Cancel Pending Orders: Time of day to cancel all orders.

Close all Positions: Time of day to close all open positons.

----- Day Filter -----

Trade Monday: Enables/Disables trading on this weekday.

Trade Tuesday: Enables/Disables trading on this weekday.

Trade Wednesday: Enables/Disables trading on this weekday.

Trade Thursday: Enables/Disables trading on this weekday.

Trade Friday: Enables/Disables trading on this weekday.

Trade Saturday: Enables/Disables trading on this weekday.

Trade Sunday: Enables/Disables trading on this weekday.

----- Account Protection -----

Reset Daily Drawdown: Time of day to reset "Daily Drawdown".

Max Daily Drawdown % (0 = Deactivated): Maximum daily drawdown procentage of equity. If triggered, all orders will be canceled and positions will be closed (Please allow room for slippage).

Max Daily Drawdown (0 = Deactivated): Maximum daily drawdown in account currency. If triggered, all orders will be canceled and positions will be closed. (Please allow room for slippage).

Max Total Drawdown Starting Balance: Starting balance in account currency to calculate total drawdown.

Max Total Drawdown % (0 = Deactivated): Maximum total drawdown procentage of equity. If triggered, all orders will be canceled and positions will be closed. (Please allow room for slippage).

Max Total Drawdown (0 = Deactivated): Maximum total drawdown in account currency. If triggered, all orders will be canceled and positions will be closed. (Please allow room for slippage).

----- Miscellaneous -----

Expert Advisor ID: Magic Number

Order Comment: Order Comment

Close Orders When Deinitalizting: Option to close all open orders if Expert Advisor is deinitalized.

Close Positions When Deinitalizing: Option to close all open positions if Expert Advisor is deinitalized

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Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool

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Version 1.30 2023.08.16

Fixed an issue with trailing stop.

Version 1.21 2022.12.20

Fixed a problem when running multiple symbols.