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RedLine Scalper

5

The Expert Advisor oriented to work on 5-digit ECN account with low spread. The EA is uses the price level breakthrough strategy.

The default settings are optimized for trading on EURUSD.


Recomendations

  • ECN broker with a low spread and accurate order execution;
  • Deposit from 50 USD on a standard account or 10 USD on a cent account;
  • Virtual private server.
  • After installation please set the risk parameter or fixed lot depending on your trading style. I prefer a fixed volume.


Features

  • The EA does not use martingale and grids;
  • Trading is performed by pending orders only;
  • All trades are protected by a stop loss;
  • Expert Advisor does not require a large deposit;
  • The EA can use a fixed or dynamically calculated order volume;
  • Expert Advisor is designed to work with 5-digit quotes;
  • You can put the EA to any period on the chart. The timeframe is set in the parameters of the EA.


Parameters

  • Risk - risk value used for calculation of a dynamic lot;
  • Fixed Lot Size - fixed size of volume for the orders. If set to 0, a dynamic volume is used;
  • Take Profit - expected profit for a trade, in pips;
  • Breakeven - the profit, after which SL of the order is set to breakeven, in pips;
  • Stop Loss - allowable loss, in pips;
  • Candle's Count - number of candles used to search the needed level;
  • Order's Life Time - lifetime of the pending order;
  • Min Interval - minimum interval between price and support/resistence level, in pips;
  • Work Timeframe - period of chart, on which the EA is running;
  • Slippage - maximum price slippage, in points;
  • Text Color - color of the displayed data on a chart;
  • Background Color - background color of the displayed data;
  • Order's Comment - comment of the Expert Advisor's orders;
  • Magic Number - unique number of the Expert Advisor's orders (any numbers).

If you have any questions, please send me a private message. I will be glad to help you.

İncelemeler 1
Tomas Rodriguez Doherty
3632
Tomas Rodriguez Doherty 2016.01.05 21:12 
 

I have tested this EA thouroughly and although it trades very little, with the default adjustments it generates profit eventually and in a consistent manner. I must say I bought and I was reluctant at first but after seeing well how it works I must say it is a 5 stars EA. It is definately profitable. It is safe, Willnever blow account on reasonable settings. It uses levels support and resistences to create pending orders that will generate profit in a hihg percentage. Considering the WIn/Loss Ratio it eventually becomes profitable. Please use it for more than one month before giving bad comment or review cause it works. Thankyou sergey for your great EA's, very glad to have bought

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Ugochukwu Mobi
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Profalgo Limited
5 (2)
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The Expert Advisor builds a grid of orders at prices near support or resistance levels. Entry points are calculated by the EA using the author's algorithm and based on a variety of factors. The EA uses several time ranges for analysis. The built-in trend filter allows to make more accurate entries with a greater likelihood of closing them with profit and thus reducing the number of simultaneously open orders. All orders are closed upon reaching the expected profit. Through the use of TakeProfit
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Automated Expert Advisor developed for forex trading. - Expert Advisor is suitable for all types of accounts and any type of spread. - The number of decimal places in quotes is determined automatically. - Timeframe of the chart does not matter. You can use any. Work timeframe is defined in the settings. - The EA always uses Take Profit and thus it is less sensitive to the speed of the broker. - The EA has two built-in types of trailing stop. Any of them can be used. - The EA features a spre
Fully automatic multicurrency expert advisor working on any type of accounts and with any type of spreads. The timeframe on the chart does not matter, you can set any. Directly working timeframe is set in the settings. The EA always sets TakeProfit and is thus less sensitive to the speed of the broker. The "deposit protection" function allows the EA to set StopLoss after the last order and thereby limit possible losses. The additional " Magnetic TP " function search the levels near the TakeProfi
Automated multicurrency expert advisor working on any type of accounts and with any type of spreads. The Expert Advisor always sets TakeProfit and due to this, even if there are interruptions to the Internet, the orders will be closed on time and at a favorable price.  The timeframe on the chart does not matter, you can set any digits. Working timeframe is set directly in the settings of the EA. To protect the deposit and limit possible losses, the EA has two options: the ability to set StopLos
- The expert advisor determines the number of characters in quotes automatically.  - The timeframe on the chart does not matter, you can set any digits. Working timeframe is set directly in the settings of the EA. - You can use a dynamic calculated volume or a fixed one. - The spread filter prevents the expert advisor from opening trades when its value is large. - All trades the EA are open with the Take Profit parameter. - The drawdown control function allows the EA to forcibly close all posit
The initial order lot can be fixed or dynamically calculated, depending on the deposit balance and the risk parameter used. To prevent opening trades at a high spread, the EA has a filter. In the settings, you can specify the maximum allowable value. The algorithm and settings of the expert advisor for Long and Short trades are completely the same. And this means that the EA works the same, regardless of the direction of the global trend. On all orders, the expert advisor sets the TakePro
Filtrele:
Tomas Rodriguez Doherty
3632
Tomas Rodriguez Doherty 2016.01.05 21:12 
 

I have tested this EA thouroughly and although it trades very little, with the default adjustments it generates profit eventually and in a consistent manner. I must say I bought and I was reluctant at first but after seeing well how it works I must say it is a 5 stars EA. It is definately profitable. It is safe, Willnever blow account on reasonable settings. It uses levels support and resistences to create pending orders that will generate profit in a hihg percentage. Considering the WIn/Loss Ratio it eventually becomes profitable. Please use it for more than one month before giving bad comment or review cause it works. Thankyou sergey for your great EA's, very glad to have bought

İncelemeye yanıt
Sürüm 1.12 2022.01.04
The settings by default are updated.
Sürüm 1.11 2021.12.12
The Expert Advisor has been recompiled for the new version of MT4
Sürüm 1.1 2015.11.18
Added option to prohibit trade if the spread exceeded the allowable value.

Additional parameters:

Spread Limit - maximum allowable level of spread;
Spread Delay - duration of the pause, if the spread exceeded the allowable value, in minutes.