Market / MetaTrader 4 / Experts /

Bank Averaging Scalper EA

1 000 USD

Demo downloaded: 26

Published: 13 May 2023

Current version: 1.0

Bank Averaging Scalper EA

Experts
Yaw Owusu Ampong
Version: 1.0
Activations: 5

Bank Averaging Scalper EA will turn your losing trades into winners using a unique hedging, averaging and martingale strategy. The algorithm the EA uses keeps drawdown to a very minimal level. Once the initial trade moves into negative territory, on change in signal, the recovery mechanism will kick in: it will place a limited amount of same directional trades at the signal, until all of them can be closed with a specified gain that has been input in the EA parameter. The EA will continue to trade until the target gain specified in the EA is reached. Once this gain is reached user will be notified to reset EA.

The EA has been designed to Trade on Both Renko Candles and Normal Candles

EA can trade on all time frames, however the lower the timeframe the higher the risk. And obviously higher risk comes with more gains.

Trading on Renko reduces the drawdown further.

It can trade Crypto, Forex pairs, Metals, Indices but need you optimize. Fully automatic adviser, with a system for recovering from losses. You can choose to use indicator or NOT. But candle stick is recommended.

The default set file has been designed to enable you test on the strategy tester on 1hr Time Frame GBPUSD.

Please contact me after purchase, to enable me assist you with the setup on a demo account. Once you okay with the parameters then you are good to start on real account.

Needs to run on VPS

Recommended

Currency pair: EURUSD, GBPUSD, AUDJPY.

EA can Trade on 500usd, but recommend on 1000usd.

The default settings is for 1Hr Time Frame, GBPUSD, but can change settings on other pairs on different Time Frames

This table is just a guide for your strategy Testing on 15mins timeframe or higher, but you can alter the parameters as much as you want.

Equity/Capital $	Lot size	Profit Target (in $)
500-1000	0.01	3
2000	0.02	6
3000	0.03	8
4000	0.04	10
5000	0.05	12
6000	0.06	14
7000	0.07	15
8000	0.08	4
9000	0.09	4.5
1000	0.1	5

more...

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