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Limit Scalper

5

Buy the dip - sell the spike.

This simple strategy, executed with limit orders, makes slippage your friend.

The extended Take Profit sets no limits to profits, often profits far above the normal scalping profit are achieved. See screenshots below.

No martingale, no grid, always just one order open with StopLoss. 

Live Signal: https://www.mql5.com/en/signals/1495331 


The default settings are for GBPUSD M5 chart.  


Timing is important! Set SetUTC (GMT) according to the timezone of your broker! More info in Comments.

For a correct backtest download M1, M5, H1, D1 and W1 data for the test period.


Settings

  • SetUTC - timezone. Default set UTC=2 is best, used by many brokers 

  • Auto_Moneymanage: automatic money management On or Off

  • MiniLots: if true, Auto_Moneym. has steps of 0.01 lot

  • MaximumRisk: % of account free margin set on risk for a trade

  • Lots: lot size if Auto_Moneym. is disabled


  • StopLossBuy: distance of stop loss 

  • TakeProfitB: points profit when a buy order is closed 

  • EntryB: points the limit buy is set higher or lower, more info in comment #2

  • Then follow same setting for Sell orders

  • HrFriStop: hour EA stops opening orders Fridays (24 = disabled)

  • HrFriClose: hour when the EA closes open orders Fridays (24 = disabled)

  • magic: magic number

  • DrawLines: draws Highs and Lows of former days, weeks in the chart. Mouseover shows the name of the line.

  • The EA orientates on these lines. More info in the description of the indicator: Support Resistance Free   

      

  • Following settings for advanced users to deactivate trading at certain hours. 

    Start, stop and a pause can be set, seperate for buy & sell and for every day of the week. For Monday buy:

    • MonHourStartB  
    • MonHourStopB   
    • MonHourPauseB

    Then follow the sell settings and the same for next days. A day is completely deactivated if HourStart & HourStop are equal.

    Note: A pause can be one hour or up to 10 hours.

    The 'hundreds' before the 'pause-hour' number determines how many hours more the pause lasts.

    A setting like: TueHourPauseS=509  means: 

    The pause for sell starts at 9 and goes on the 5 following hours, so here from 9-14.  (14 included, still pause)

    In the 'Experts' log a pause is indicated at the start of every hour with pause, for the case above: Pause Tue Sell hr 9-14 

    Before  version 1.5 the Limit Scalper start and end hours were limited internally from 9 -19h. 

    With the added settings it is also possible to widen the trading hours- or to check if the strategy works with other pairs at certain hours. 




Comentarios 3
Happy Scalper
1042
Happy Scalper 2022.01.07 02:57 
 

Hello Heiko. Been trying out your Limit Scalper on demo for a couple of weeks now and I can't believe how great this EA performs. GBP/USD works great, but the EUR/USD just doesn't perform well at all, even when I change the pair settings in the inputs. Going to go live on January 16th. Will let you know how this performs on a live account. Thanks for a great EA. Happy trading!

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HeXon FX – La solución de trading líder para traders de Forex HeXon FX es un Asesor Experto (EA) altamente avanzado, diseñado para operar con precisión en los mercados de divisas. Utilizando estrategias de trading de vanguardia, HeXon FX ofrece una solución flexible y estable para el trading del par de divisas EURUSD. Este EA sobresale en fases de mercado volátiles, adaptándose eficientemente a diferentes condiciones de mercado para generar beneficios constantes mientras minimiza el riesgo. S
Hola, soy Diamond Titan FX. Este EA está diseñado especialmente para pares US30. El EA no utiliza ninguna estrategia arriesgada como Martingale o Grid. Por defecto, el EA establece un SL fijo de 50 pips para cada operación, pero puedes cambiarlo si lo deseas. El EA también implementa un trailing stop que asegura ganancias desde 10 pips, que también puedes modificar. Cuenta con una función de gestión de drawdown para toda la cuenta. El EA incluye una opción de filtro de noticias si deseas desact
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AHMED ZABIR SAZOL
This  Expert adviser developed on Prop Trader VP( Patrick Victor) From No Nonsense Fx.  It is an automated trading system that uses 100% technical indicators with very complex settings and some hidden Mathematical calculations to open and close trades. Trade different times for each day. It doesn't use the grid, martingale, or other dangerous money management methods. It has a lot of Entry and Exit Methods, and Every Trade is Stop loss protected. Download Preset file  Features: Every trade is
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The Trend Magic Alarm shows the direction of a trend and indicates when it changes with a sound, popup window, push or email notice. Blue dots in the chart indicate an uptrend, red dots indicate a downtrend. Levels of former highs + lows give orientation in a chart.  Trend Magic Alarm can draw these levels as lines in the chart, see inputs. Input Parameters Counter : number of bars used for calculation PowerSet : shows how near to the bars the trigger dots are placed DotSize : size of the show
The indicator shows support and resistance levels as horizontal lines. It shows the highs and lows of former days, weeks and month in every chart.  How to work with support and resistance levels show the EA  Limit Scalper and   the Universal Moving Average Expert Advisor (UniMA EA) .   When the tip of the coursor is on a line (mouseover) it shows the real value of the level and which high or low is shown, see explanation below. The indicator must be installed like an   expert advisor !  To
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EquityProtect provides hidden StopLoss, TakeProfit or TrailingStop based on the account equity. All orders of all symbols can be closed or just the chosen currency and/or just buys or sells or pending orders deleted. EquityProtect closes all or just defined orders when the account equity falls under or rises over a certain level. Besides EquityProtect can use the account equity as trailing stop. A comment in the chart shows the equity where the robot will react. mt5 version >> EquityProtect is v
El único Levels EA negocia docenas de estrategias rentables en cualquier gráfico. Todas las estrategias son fáciles de entender, pueden ser editadas y cambiadas para operar otras estrategias, divisas, CFDs o plazos. Un puñado de estrategias se pueden descargar en la sección de comentarios y con algo de tiempo y paciencia todo el mundo puede programar sus propias estrategias de operación sin necesidad de tener conocimientos de programación. Con un poco de mente analítica debería ser fácil. Señ
Buy The Dip Util is an  halfautomatic  expert advisor (EA), to   buy on dips (days lows) and sell on spikes (days highs). A profit can exceed a loss trade up to 10 times , so the user can have several loss trades and still make profit. Orders are opened at the change of the hour , if a button in the chart is pressed. The  Buy The Dip as EA  does this automaticly. The order stoploss is automaticly set right below the low of the former hour (buy) or right over the high (sell). The position s
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Scalpelo
Heiko Kendziorra
Scalpelo is a unique full automatic trading system that cuts many small chunks out of market movements non-stop 24 hours a day  with surgical precision. In EURUSD it opens trades with limit orders, so slippage becomes your friend and internet speed is not an issue. NO   m artingale, grid trading or other dangerous method used, that at the end erases your account.  Always just one order open with StopLoss.  Live Signal >>      The default settings   are for   EURUSD M5   chart. Settings SetUT
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Filtro:
Cristian Mihail Pauna
13028
Cristian Mihail Pauna 2022.09.23 14:48 
 

Negative feedback!

Lorence Jordi
188
Lorence Jordi 2022.04.04 19:12 
 

I tested, optimized this expert a lot and got very impressive results in every year. My tests were performed with the real tick date with 99,90% accuracy, i used tickstory, and tick data suite too. The important difference between the default setting and mine is that i widened the stop loss and take profit numbers. This way the win rate increased a lot and even during the begining of the war of the war it performed okay, when other experts collapsed. I really recommend this expert, just set the tp/sl over 250 and optimize to your taste. Use always 99% accurate data and every tick option, without that its a waste of time. The author always responds, thats an important part too. Have a nice one!

Heiko Kendziorra
10980
Respuesta del desarrollador Heiko Kendziorra 2022.04.17 10:52
Thank you for your review and your advice for the settings! I'll consider your settings in optimizing the next version. Good trades!
Happy Scalper
1042
Happy Scalper 2022.01.07 02:57 
 

Hello Heiko. Been trying out your Limit Scalper on demo for a couple of weeks now and I can't believe how great this EA performs. GBP/USD works great, but the EUR/USD just doesn't perform well at all, even when I change the pair settings in the inputs. Going to go live on January 16th. Will let you know how this performs on a live account. Thanks for a great EA. Happy trading!

Heiko Kendziorra
10980
Respuesta del desarrollador Heiko Kendziorra 2022.01.17 10:11
Hello, thanks for your review! Limit Scalper is made for GBPUSD, EUR/USD doesn't move enough for this strategy, it has too low volatility. Good trades!
Respuesta al comentario
Versión 1.9 2022.09.13
Backtest result improved
Versión 1.8 2022.05.22
Backtest result improved
Versión 1.7 2022.04.18
Auto change entry level added
Versión 1.6 2022.04.17
Settings EntryB and EntryS added
Versión 1.5 2022.03.08
Settings added to deactivate trading at certain hours
Versión 1.4 2022.01.26
Bug fixed
Versión 1.3 2022.01.03
Take Profit system improved
Versión 1.2 2021.03.14
Backtest result improved
Versión 1.1 2020.12.27
Additional strategy added