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Pythor Scalping EA MT5

350 USD

Demo downloaded: 134

Published: 28 February 2023

Current version: 3.0

Pythor Scalping EA MT5

Name: Pythor Scalping EA MT5
Price: 350.00 USD
Author: Zaky Hamdoun

Experts
Zaky Hamdoun
Version: 3.0
Updated: 11 January 2024
Activations: 20

Introduction and Description

Pythor is an Expert Advisor designed to operate in the Forex market, specifically as a scalping robot. Forex scalping is a day trading style used by FOREX traders that involves buying or selling currency pairs with only a brief holding time in an attempt to make a series of quick profits. While scalping attempts to capture small gains, such as 5 to 20 pips per trade, the profit on these trades can be magnified by increasing the position size. The Pythor EA uses a variety of technical indicators to identify short-term market trends and execute trades based on those trends.

Pythor is based on the placing of pending orders, and therefore is sensitive to spread, as well as slippage. It is important to have a broker providing low values for both of these parameters. Furthermore, the EA is multi-currency compatible, meaning it is possible to trade with it in multiple symbols simultaneously. While it has been tested mostly on FOREX pairs, backtest results suggest it is possible to run it on Stocks, as well as Commodities.

Below is a list of the different characteristics of the expert advisor:

No Martingale.
No Grid.
Stoploss (trailing and fixed) and Takeprofit.
Multicurrency trading compatible: select a different magic number for each symbol.
Dynamic and fixed lots.
Debug mode.

The traded account should be in accordance with the following requirements:

Average maximum spread of 15 for each symbol. (The more the spread, the lesser the profits). Spread can be variable.
Low slippage and fast execution speed.

While the EA opens most of its trades based on calculation in the H1 timeframe, it is recommended to attach it to the M5 chart for better visualisation. Please note the default inputs were optimized for EURUSD. Optimization services are available, please contact via DM.

An explanation PDF is available if needed.

Results

Pythor has been tested on 100% accuracy data (provided by DUKASCOPY, central banks, and broker themselves). Results may be found on the screenshots. Backtests show low drawdown. Backtests are no guarantee of future performances.

Additional information and Contact

Any contact can be made using MQL Market DMs. Commercial partnerships as well.

Account management services are also available.

Pythor is currently only sold by the original author of this post and Spectre Capital. Any reproduction or claim to be selling it elsewhere is fake and illegal.

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yuk kim 2024.01.16 17:59 #

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435

Andiray 2023.12.21 08:54 #

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hatorres 2023.11.30 14:45 #

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243

Sadegh Bachak 2023.11.16 14:31 #

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Mickey19881 2023.08.26 09:05 #

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3166

Reply from developer Zaky Hamdoun 2023.08.26 15:53 #

Hello Mickey! Please contact me via PM for setfiles and specify which symbol and broker. I will provide you with a setfile but you can use PM or comments if you need them instead of reviews 🙂

307

Chun Chan Tu 2023.08.13 20:03 #

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3166

Reply from developer Zaky Hamdoun 2023.08.13 20:58 #

Hello! Make sure to have low spread, and MOST IMPORTANTLY, no commissions! No swap is also better. Will send you a setfile as well, please remind me by PM, will be sent before tomorrow night.

charliehorse76 2023.08.13 07:42 #

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3166

Reply from developer Zaky Hamdoun 2023.08.13 13:02 #

Hello, Thank you for your review, Pythor has been updated to not have any minimum balance anymore.

andresogorman 2023.08.02 05:40 #

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3166

Reply from developer Zaky Hamdoun 2023.08.02 05:58 #

Hello Andres! Thank you for the review. Pythor works regardless of the timeframe, you can use it on any timeframe of chart. Here are few tips to have the best results: - The EA works VERY WELL during NEWS events and fast movements. Use it for instance during Nonfarm Payrolls or Interest Rates. - Have as little commission as possible, and the smallest spread as well. If you need a broker to help you with that, send me a message and I can advise you.

Ali C 2023.07.27 03:47 #

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3166

Reply from developer Zaky Hamdoun 2023.07.27 03:49 #

Hey there! Thanks a lot for your review!

ArthurMcCain 2023.07.25 10:54 #

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3166

Reply from developer Zaky Hamdoun 2023.07.25 10:57 #

Hi, happy you are happy.

GregWeston 2023.03.10 08:39 #

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3166

Reply from developer Zaky Hamdoun 2023.07.23 00:20 #

Hi, thank you for your review.

Version 3.0 2024.01.11

Fixed minimum balance issue.
Fixed lot size being stuck at 1.01.

Version 2.0 2023.08.13

Update 2.0:

- Removed minimum required balance.