Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Eagle scalping is a fully automated Expert Advisor based on 3 EMAs and supporting 4 and 5-digit quotes.
This EA provides the best results in an uptrend or a downtrend market.
Main features:
Scalping M5, M15 (best results M5)
-Main Pair EUR/USD and any other pair
-Money management (Risk reward and ratio % based on the account free margin)
-Break Even and Trailing Stop
-Days and Time Trading Management
- EA Settings: Use default settings or the set file provided.
- Symbol: EURUSD
- Time Frame: M5
- Brokers: ECN brokers, low spread/commission, 1:200-500+ leverage
- No Minimum Deposit required: Risk ratio is computed based on trading account balance-equity
It is recommended to do your backtest with MT4 data and your Broker and adjust the parameters accordingly.
Parameters
| G1=EMA Parameters | |
|
FMA_Period=10 |
Fast EMA |
|
TMA_Period=21 |
Trigger EMA |
|
SMA_Period=50 |
Slow EMA |
|
MA_Mode=1 |
Default EMA=1 |
|
Shift=0 |
The EA allow only one Trade per Candle |
|
Shift, F=0 |
Set to 0 (zero) for the current candle |
|
Shift,1=0 |
Set to 1 for the last fully formed candle |
|
Shift,2=0 |
Set to 2 for the candle formed before 1 (one) |
|
G2=EMA Distance Parameters |
|
|
TS_MinDist=50 |
Min distance between the Trigger and Slow EMA (21,50) |
|
TS_MaxDist=120 |
Max distance between the Trigger and Slow EMA (21,50) |
| G3=Trading Parameters | |
|
AllowTrade=True or False |
Allow EA to trade |
|
AllowMultiple=True or False |
Allow multiple trades. If Enable the MaxBuyTrade and MaxSellTrade are not used |
|
AllowBuy=True or False |
Buy trades allowed |
|
AllowSell=Ture or False |
Sell trades allowed |
|
TakeProfit=44 |
Take Profit |
|
StopLoss=44 |
Stop loss |
|
MaxBuyTrade=2 |
Max BUY trades allow |
|
MaxSellTrade=2 |
Max SELL trades allow |
|
Range Over FMA |
Range in pips above the Fast EMA |
|
MagicNumber=56732 |
EA Magic number |
| G4=Money Management Options | |
|
Default Lot=1 |
Static lot size. If set to static, consider the lot sizes 1=100K, 0,1=10K, 0,01 = 1K. Need to disable the ‘UseMoneyManagment’ by setting it to 0 (zero) |
|
UseMaxLot=True or False |
Max Lot size to limit the max lot size allowed per trade |
|
MaxLot=10 |
Max lot size - set to 10 Lot (1M contract) |
|
UseMoneyManagement=True or False |
Automatic Money Management based on the RiskPercent and the account free margin |
|
RiskPercent=3 |
The RP and the StopLoss are directly related to the lot size to ensure that each new position represents the settled risk % of account free margin. Ex. If your free margin is 1k (USD) and you risk is 2% and your StopLoss is 20 pips then your lot size is going to be 0.1 Where each pip value = 1USD. Then if you lose your position by the StopLoss, you're going to lose only 20USD that represents the 2% of your account free margin |
|
Slippage=3 |
The “slippage” parameter is how many points you’ll allow the trade to slip and still complete the order |
| G5=Break Even Options | |
|
UseBreakEven=True or False |
Breakeven allow protection of initial risk amount to the entry price. |
|
BreakEven=3 |
Sample of BE at 3 pips from the entry price. Adjust based on trade management (conservative 1X Risk Amount, Moderate 0,75X Risk Amount or Aggressive 0,5X Risk Amount) |
| G6=Trailing Stop Options | |
|
UseTrailingStop=True or False |
Usage of Trailing Stop – to follow the price movement and lock more profit. |
|
TrailAllPositions=True or False |
Trail all positions (buy/sell) |
|
TrailingWhenProfit=True or False |
Use the TrailingStop when in profit |
|
TrailingStop=4 |
Set the Trailing Stop 4 pips away from the current price |
|
TrailingStep=1 |
Set the Trailing Step 1 pip at the time following the current price |
| G7=Operation Time Parameters | |
|
UseNotTradingDay= True or False |
Define Days to NOT trade |
|
StartDayWithoutTrading=15 |
Starting day for no trades |
|
StopDayWithoutTrading=18 |
End day of no trades |
|
UseOperationTime=True or False |
Define Time to trade |
|
StartOperTime=03:00 |
Starting time to trade (please check Broker Timezone) |
|
StopOperTime=19:00 |
End time to trade |
|
UseSleepingTime=True or False |
Define Sleeping time for NO trades |
|
StartSleepTime=12:00 |
Starting time to NO trade |
|
StopSleepTime=13:00 |
End time to trade |
|
UseMandatoryClosing=True or False |
Set to close all open trades at a given time (end of day) |
|
MandatoryClosingTime=23:59 |
Time to mandatory close all open trades |
| G8=Alerts | |
|
ShowAlert=True of False |
Set Alert to be displayed on Screen |
