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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.

Comentários 3
Viking2766
14
Viking2766 2024.01.24 14:16 
 

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

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Apenas 2 copiadoras restantes a este preço, o próximo preço é $ 1633 Confira os resultados ao vivo aqui: Sinal pessoal de $50K:   [Clique aqui] Sinal ao vivo de empresa prop:   [Clique aqui] Versão MT5 aqui:   [Clique aqui] Bem-vindo ao   Quantum Algo Trading MT4 EA . Este EA foi projetado para ser mais do que um simples sistema mecânico; será seu companheiro em sua jornada de trading ao longo da vida. O EA utiliza um sistema de breakout com um algoritmo otimizado por alguém com mais de 1
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Lo Thi Mai Loan
5 (5)
Experts
Promoção de lançamento! Restam apenas algumas cópias ao preço atual! Próximo preço: 1533 $ Preço final: 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:   https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news O US30 Scalper EA
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Experts
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Alexander Kozachuk
1 (1)
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AW Trading Software Limited
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Experts
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Network AI
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4.81 (131)
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A rede é um sistema avançado que usa o poder da inteligência artificial e das redes neurais para analisar dados macroeconômicos divulgados durante as notícias e tomar decisões comerciais com base neles. O Expert Advisor usa uma saída de notícias para negociação e, portanto, não pode ser testado no testador de estratégia. Para habilitar o exercise Advisor for work, marque a opção "Allow WebRequest" e adicione    https://sslecal2.investing.com/    https://www.worldtimeserver.com/    para a list
BitBull EA MT4
Arseny Potyekhin
Experts
Dear Traders, I am very pleased to introduce our latest project to you. EA BitBull . Real cryptocurrency trading has now become a reality! Signals: Live Signal 1 Live Signal 2 Because this strategy is so unique, I only want to sell a limited number of licenses. Therefore, the price will steadily increase to limit sales. Next price is   790 USD . With the help of our esteemed partners from all over the world, we have succeeded in developing an innovative crypto strategy. This strategy seam
Richter mt4
Yvan Musatov
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A Richter Expert is a professional market analyst working using a specialized algorithm. By analyzing prices over a specific time period, it determines the strength and amplitude of prices using a unique indicator system based on real data. When the trend and its direction change, the expert closes the current position and opens a new one. The bot's algorithms take into account signals about overbought and oversold markets. Buying occurs when the signal falls below a certain level and then rise
GRain EA MT4
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Good afternoon. My name is Roman, I am the creator of Gold Rain EA. I have been preparing for its realization for a long time, went through a lot of tests and now I finished the product and went on sale with a live good signal. My motto is to use only live signals, I do not release products without history or lack of real accounts. Now you have the opportunity to try Gold Rain EA in your hands. I will help every client to customize and install EA, from beginner to pro. Tired of complicated EA mo
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5 (3)
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agrushev777
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agrushev777 2024.02.19 21:15 
 

O usuário não deixou nenhum comentário para sua avaliação

Viking2766
14
Viking2766 2024.01.24 14:16 
 

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

[Excluído] 2022.10.20 00:01 
 

O usuário não deixou nenhum comentário para sua avaliação

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