Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Best Scalping Gold Edition
Trades micro-accounts from 1,000 USD
Easy to use and monitor
First, the EA is trying to break-even to ensure capital preservation.
Second, the EA applies a configurable trailing stop and earns profit.
When trading goes straight into negative territory, the EA recovers.
Best Scalping Gold Edition is a Metatrader Expert Advisor that provides a perfect setting for your trading activity. It provides proper risk calculations and a very intelligent position management strategy that will automatically manage your trades and recover your trading losses.
By using this expert advisor properly, your lost trades will be automatically restored by the EA and you will be able to trade again when the chart is flat.
3. Broker and account selection
The EA can be applied to any symbol offered by your broker. That being said, you should avoid...
Symbols with large spreads
Symbols with high swap costs
Futures with rollover fees
If you need to trade symbols with high spreads or with low liquidity, make sure you increase the zone parameter to avoid spread hikes that run a large portion of your trading plan in a short time. We will continue to read this in the User's Guide.
You can trade with any broker of your choice, but it is recommended to use a fixed spread account to avoid spread hikes that trigger many pending orders in a short time. A fixed spread account will have the same spread all the time, no matter what, albeit a large higher than variable spread accounts.
Zone in Pips: The zone is the distance in pips between purchase and sales orders. A larger zone implies more risk because trades are allowed to run more into losses before they are hedged, but it also protects you from spread hikes that trigger a lot of trades of your recovery process in a short period of time.
As a rule of thumb, the zone is at least 20-25 times larger than the spread. For example, if you trade EURUSD, which has a typical spread of 1.8 pips, you can safely set a zone of 50 pips. However, if you are trading GPBJPY, which has a typical spread of 4 pips, you should set a zone of at least 100 pips to be safe from scattering.
Setting a zone below 50 pips is not recommended because the broker could increase the spread wildly during volatile times and you don't want your trading plan to run without actual market movement. If you do so, you do so at your own risk.
In order to ensure exclusivity, the price will be increased after each sale and the maximum delivery will be limited to 50 copies. Except for systems that are independent of much use of the same program.
