Bulls Eye Scalper
- Experts
- Antonius Loubser
- Versão: 1.0
- Ativações: 5
Promo: $55 for limited nr of downloads.
Live Signal >>> https://www.mql5.com/en/signals/2256539?source=Site+Signals+My
Note; If you want better results than the above live account, use a Roboforex Prime account and not ECN, same spread, but lower commission.
Entry; "Bulls Eye Scalper" analyze the market in the early morning hours between midnight and the Asian session using two Custom build indicators: Scan Odometer 1+2, It's a homemade concoction of different scenarios integrating (time zones, direction and price action), if you don't want to trade the default settings on the H1 like me and feel the need to optimize you can use inputs 1-50 on both from M1-H1. Trading time is set to minutes after the opening of the Asian session, if conditions are met EA will open a trade, each trade has a hard SL and TP. NO dangerous strategies like grid or martingale are used.
Strategy; I believe in a cut your losses now strategy, so I'm trading with a Risk/Reward ratio of 1:2 combined with a short SL, it will hit many SL'e and have a low win ratio, but recovery is very fast and it only needs a win ratio of around 40% to be successful. I prefer it over a HUGE SL/SMALL TP strategy where you have an 80%+ win ratio and make profit for 3 months and then the HUGE SL starts destroying your account.
Back Test; EA is NOT optimized at all; I'm going to test it on many pairs as is, so curve fitting can't be a problem. While building this EA I have decided NOT to involve any back testing. The more I'm getting involved in EA coding the more I'm convinced that back test is a waste of time. There is a very simple answer to why back test is not working, you can curve fit YESTERDAY, but unfortunately you can't curve fit TOMORROW.
EA will be on test on a Live account on 29 pairs. (maybe I will remove some pairs later).
Recommendation:
Current pairs trading on live account; AUDUSD,EURUSD,GBPUSD,USDCAD,USDJPY,USDCHF,AUDCAD,AUDCHF,AUDNZD,CADCHF,CADJPY,CHFJPY,EURAUD,EURCHF,EURCAD,EURGBP,EURJPY,GBPAUD, GBPCAD,GBPCHF,GBPJPY,NZDCAD,NZDCHF,NZDUSD,AUDJPY,NZDJPY,EURNZD,GBPNZD,XAUUSD.
Live account is running on a Roboforex-ECN account.
Multipair, H1 (ALL pairs default settings, except for XAUUSD), EA is coded specific for the H1 timeframe, but you're welcome to try others.
$200 account balance for every 0.01 lot. Warning: EA opens multiple trades at once on different pairs, so please stick to this ratio for incase consecutive losses hits, but I'm positive the EA will generate stable profits over long-term, because of the good risk/reward of 1:2 (IF YOU DON"T OVER RISK).
PLEASE NOTE: The spread, SL and TP settings work in pips and not points, so the 7 SL is actually 70 points. EA can also trade Gold, you just need to add an extra digit (0) at the SL, TP, Max slippage and spread input parameters, also remove the point in 14.5 soft TP setting, it works the same as points when trading Gold.