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Scalp Strategy Builder MT 5

390 USD

Demo downloaded: 58

Published: 13 January 2023

Current version: 3.5

Scalp Strategy Builder MT 5

Experts
Michael Conrad
Version: 3.5
Updated: 18 February 2023
Activations: 10

Scalp Strategy Builder for MT5 is a flexible MT-5 Expert Advisor that can be configured for different scalp trading systems. This EA is an open toolbox that allows transparent development, testing and automated execution of market-specific trading strategies. The advanced settings for Money Management, news handling and trading hours allow the configuration of trading rules for prop trading qualification.

Benefits:

Transparent strategy, no black box
Time saving as trading strategies can be verified with MT5 Strategy Tester and Strategy Builder EA
No costs for individual EA development
Advanced risk settings for prop trading qualification

Characteristics:

Support multiple candles, price movement patterns, and resistance / support lines for trade entry
Trade exit based on profit target, or risk based exit scenarios
Automated trailing stop
Support of single trade risk management with definable risk / trade
Advanced risk settings to take into account daily limits
No restriction to specific symbols, markets and time frames

Parameter groups:

Risk Management
Trading Rules for Prop Trading
Entry Strategy
Exit Strategy
Overlaid trend testing
Parameter contradictions / support levels
General settings

Doumentation, application examples and set files: https://www.mql5.com/en/blogs/post/751438

IMPORTANT: As with all scalping strategies, it is important to choose a broker/currency pair, e.g. EURUSD, with low spreads and commissions. For backtests it is important to set the modeling on every tick or every tick based on real ticks, otherwise unrealistically high profits are suggested.

This product branch will be extended with additional features and patterns according to your feedback

Future updates will be provided free of charge as part of the maintenance releases in a 10-week release cycle.

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Version 3.5 2023.02.18

New parameter introduced for considering the dynamics in volume change.

Version 3.4 2023.01.27

New features: Additional mode for using the candle patterns. In case of scalping strategy via break of support & resistance levels, the candle patterns can be used to re-check the resistance break probability. No change of existing set-files required, new features are deactivated as default.

Version 3.3 2023.01.18

New features for compliance to prop trading rules of e.g. My Forex Funds, Surge Trader and FTMO. Different modes for daily draw down check, max lot size limitation, deactivation during news events, and flat at weekends. Additionally, a setting to stop the trading when the targets e.g., for the audition phase are met.

Version 3.2 2023.01.14

Added profit target setting to stop trading when prop evaluation target is met.