Advance Tiger Scalper

live performance: MT4

Copy trades of the Tiger Scalper EA trading signal for MetaTrader 4 - Dhaval Prahladbhai Patel (mql5.com)

Advance Tiger Scalper is designed for EURUSD H1 on base of support and resistance strategy. It will execute pending buy and pending sell order at high and low market level. Scalping mean it is designed to use trailing stop which will secure profit. 

This technique required low spread below 10 pips and fast execution. Thus, Please choose low spread and low commission broker. EURUSD currency pair have been choose because it has lowest spread compared to other currency.

This EA is only works with EURUSD, H1 timeframe and Leverage 1:100 or more, ECN broker

EA also understand that even you have ECN broker and ultra low spread. When the broker increase spread during news event and it is not good for Scalping Trading. Thus, EA also understand spread and when spread goes more than your set parameter EA will cancel all pending orders.

- Fully automatic mode with adjustable inputs

- Works by pending orders in different markets with all types of execution.

- Strict use of stop loss management, every trade is protected in advance.

- Filter for bad market conditions to avoid large spreads and heavy slippage.

- Tested on 100% real ICMarkets ticks for the period 2011-2022.

- More than 12 years of research, observation and optimization.

Candle_0: 5 pips. (First running Candle size is equal or bigger to 50 pips)

SR interval: 15 (support and resistance level counted for 10 candles it means EA will execute pending buy order and sell order at high and low level of 10 candle SR interval)

Trailing_Stop: 0.5 - 2.0 pips  (it means when price goes in your favor for 5 pips it will activate and put stoploss at level of original price execution of the order)

Trailing_step: 0.01 pips (it means when price goes in your favor for 5 pips stoploss will activate and come at level of original price execution of the order and when price goes further it will move stoploss behind and maintain distance of 5 pips at the time)

Break_Even: 0.01 pips (Break even it counted after price reach at the level of trailing stop and when it goes further 1 pips it will allow to move stop loss to follow price

Stop_Loss: 44 pips (when price goes opposite side 440 pips it will hit Stop Loss and save your account for further loss)

Take_Profit: 44 pips ( when price goes in your favor 440 pips it will hit Take Profit and gives you profit)

Delete_Order_if_Spread_more: 0.2 - 2.0 pips (This is important feature 1.0 is counted as 10 pips. it means if the spread is more than 10 pips EA will delete all pending order and save your account for unexpected losses)

Magic number: 844240 (This is unique number for EA for Each currency chart. So MT4 will understand EA is working for specific Currency chart. you have to change to number only if you are using EA for same Currency. For Example: EURUSD H1 and EURUSD H1 with different setting)

NextOpenTradeAfterBars: 1 (It means EA will always open new order with new candle to prevent multi trade opening at same time. )

MM_PositionSizing: 600 (it means EA will open 1 lot for every 600 balance in your account if you choose 1000 means EA will open lot 1 trading for every 1000 dollar. For Example: your account balance: $3000 and you have choose MM_PositionSizing: 1000 it means EA will open lot 3 for every pending buy and sell order. Please try EA in Strategy tester and in demo account before start in real account )

Max_Spread: 5.0 Pips (it means if current market spread is more than 50 pips EA will not open any pending order)

MaxSlippage: 1 Pips (it means if current market spread is more than 10 pips and price hit pending order EA will not allowed to convert pending order in to order and it will be rejected)

Hedging: Ture (it is always True. it means EA will open pending buy and pending sell order at same time)