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Candle Scalper EA

4

The Candle Scalper EA is a fully automated Expert Advisor that trades based on price action. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Not sensitive to spread
  • Always a stop loss in place
  • Hedge accounts only
  • All you need is a VPS

Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of lots for the first trade in a group. Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk, true/false.
  • MoneyManagementRisk - Risk per trade if money management is on. Values from 0.01 to 0.1.
  • StartLotBasedOnBalance - If enabled lots are increased based on the account balance, true/false.
  • StartLotBalance - Account balance per lot increase. Values 200 to 2000.
  • AllowNewTrades - Turn this of to disable new trade groups, true/false.
  • AccountProfitLock - If money MoneyManagement is on and StartLotBasedOnBalance is off the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance). Values from 0.0 to 1.0.
  • PositionComment - Allows you to set the position comment.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • StopLoss - The fixed stop loss - Values 25 to 200 depending on the pair being traded.
  • TakeProfit - The invisible take profit. Values from 2 to 20 depending on the pair being traded.
  • TakeProfitCommissionPips - Adjustment of take profit to cover commission costs and improve gain - Values 0.0 to 3.0.
  • RSIPeriod - The RSI period used as entry signal - Values 1 to 40.
  • RSIThreshold - The RSI threshold used as entry signal (Setting to 0 disables) - Values 0 to 40.
  • MAPeriod - The RSI Average period used as entry signal - Values 1 to 200.
  • TS - Stop loss distance calculation factor 1 - Values 0.5 to 10.0.
  • TM - Stop loss distance calculation factor 2 - Values 0.5 to 10.0.
  • Averaging - If turned on averaging is used to recover negative trades, true/false.
  • AveragingIgnoreEntrySignal - If enabled averaging trades ignore the entry signal, true/false.
  • AveragingStep - The negative move in pips against the current trade to trigger the next averaging trade. Values 5 to 100.
  • AveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.
  • TakeProfitStaging - If enabled take profit is reduced depending on the number of positions open, true/false.
  • TakeProfitStaging1PositionCnt - Number of positions before stage 1 take profit is used. Values 1 to 20.
  • TakeProfitStaging1TakeProfit - Take profit in pips for stage 1. Values 0 to 100.
  • TakeProfitStaging2PositionCnt - Number of positions before stage 2 take profit is used. Values 1 to 20.
  • TakeProfitStaging2TakeProfit - Take profit in pips for stage 2. Values 0 to 100.
  • TakeProfitStaging3PositionCnt - Number of positions before stage 3 take profit is used. Values 1 to 20.
  • TakeProfitStaging3TakeProfit - Take profit in pips for stage 3. Values 0 to 100.

Optimization & Defaults

Default input values are for EURUSD M5. If optimizing, optimization of RSIPeriod, RSIThreshold, MAPeriod, TS, TM, TakeProfit, StopLoss and AveragingStep are needed to find the best results.

Comentarios 3
Viking2766
14
Viking2766 2024.01.24 14:16 
 

Der Scalper hat noch keinen Trade gemacht. Bin ein wenig enttäuscht.

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Live signal :   TrendMaster FX The MT5 version : TrendMaster FX MT5   Promoción 618, Oferta por Tiempo Limitado $300 de Descuento Actualmente tenemos una promoción de prueba para nuestro EA. Después de la compra, contáctenos para obtener acceso a "Gold Garden" o "AI TradingVision GPX". Para más detalles, por favor contáctenos. Pares de divisas recomendados: GBP/USD (GBPUSD) USD/CAD (USDCAD) EUR/USD (EURUSD) Configuración de riesgo: Para los comerciantes agresivos, el riesgo máximo está configur
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Asesores Expertos
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Asesores Expertos
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Asesores Expertos
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Cence Jk Oizeijoozzisa
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Asesores Expertos
Asegúrese de no olvidar este nombre nuevamente ****** Z4 ******* Si tienes alguna duda no dudes en preguntarme antes de comprar para poder orientarte sólo 5 copias -Una vez finalizado, el precio aumentará a 2600 dólares Se ha preparado un guión para usted después de 3 años de revisión y análisis. Hasta la fecha no se ha puesto a la venta en ningún lado. Y no utiliza el pasado del mercado. No hay trampa. Para entender mejor, puedes contactar conmigo. No le pusimos ningún gráfico de u
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Asesores Expertos
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Asesores Expertos
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Asesores Expertos
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Asesores Expertos
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Asesores Expertos
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5 (8)
Asesores Expertos
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4.42 (48)
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Asesores Expertos
Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position management algorithm. Main goal of Diamond PRO
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Asesores Expertos
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5 (6)
Asesores Expertos
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Asesores Expertos
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Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
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agrushev777
2328
agrushev777 2024.02.19 21:15 
 

El usuario no ha dejado ningún comentario para su valoración

Viking2766
14
Viking2766 2024.01.24 14:16 
 

Der Scalper hat noch keinen Trade gemacht. Bin ein wenig enttäuscht.

[Eliminado] 2022.10.20 00:01 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 1.5 2020.01.06
Added CloseAllButtons & StopLossType options.
Versión 1.4 2019.07.09
Added tick value check.
Versión 1.3 2019.07.09
Fixed lower account balance than StartLotBalance causing AveragingMultiplier not to function.
Versión 1.2 2019.07.08
Removed unnecessary position modification after first trade open.