Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
Expert Advisor Baby Pips Scalper is programmed with advanced and unique algorithms in our latest generation of automated trading robots. The EA analyzes price volatility and searches for quality trading patterns to trigger open and close signals for trades. The EA strategy combines scalping with Trailing to optimize performance. Positions can also be closed by signal patterns before hitting Stop Loss, so Stop Loss can be set to a higher value for more flexibility of the strategy.
The EA has been optimized for default settings, users can start with default settings on currency pairs with low spreads and balance from 100 USD.
Settings:
| Max Spread | = 30 to 50 (Must be higher than the average spread of the currency pair) |
| Fixed Lot | = 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size) |
| Auto Lot | = 1.0 to 5.0 (= 1 mean auto lot size = 1 lots per $100,000 balance, or 0.01 lots per $1,000 balance...) |
| Take Profit | = 500 (points) |
| Max Stop Loss | = 2500 (points) |
| Trailing | = 8 (points) |
| Max Orders | = 10 |
| Close all on Friday | = True (or False) |
| Time Close on Friday | = 22:15 (hour:minutes) |
| Time Start | = 01:15 (hour:minutes) |
| Time End | = 22:45 (hour:minutes) |
| Magic Number | = your number |
* If you set Fixed Lot > 0, the EA will trade with Lot Size = Fixed Lot (if Fixed Lot is a valid lot size).
* If you set Fixed Lot = 0 and Auto Lot > 0, the EA will calculate the Lot Size according to the value of Auto Lot.
Recommend:
Time frame: M1 or M5. Use VPS with low latency (<20ms).
Pairs: major currency pairs with low spreads as EURUSD, GBPUSD, USDJPY, EURJPY....
Use EA with ECN or Raw spread accounts, spread < 20 points. Min Balance: $ 100
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)
