Trading libraries for MetaTrader 4
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MetaTrader 4
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Overview
Introduction and Description
Pythor is an Expert Advisor designed to operate in the Forex market, specifically as a scalping robot. Forex scalping is a day trading style used by FOREX traders that involves buying or selling currency pairs with only a brief holding time in an attempt to make a series of quick profits. While scalping attempts to capture small gains, such as 5 to 20 pips per trade, the profit on these trades can be magnified by increasing the position size. The Pythor EA uses a variety of technical indicators to identify short-term market trends and execute trades based on those trends.
Pythor is based on the placing of pending orders, and therefore is sensitive to spread, as well as slippage. It is important to have a broker providing low values for both of these parameters. Furthermore, the EA is multi-currency compatible, meaning it is possible to trade with it in multiple symbols simultaneously. While it has been tested mostly on FOREX pairs, backtest results suggest it is possible to run it on Stocks, as well as Commodities.
Below is a list of the different characteristics of the expert advisor:- No Martingale.
- No Grid.
- Stoploss (trailing and fixed) and Takeprofit.
- Multicurrency trading compatible: select a different magic number for each symbol.
- Dynamic and fixed lots.
- Debug mode.
The traded account should be in accordance with the following requirements:
- Average maximum spread of 15 for each symbol. (The more the spread, the lesser the profits). Spread can be variable.
- Low slippage and fast execution speed.
While the EA opens most of its trades based on calculation in the H1 timeframe, it is recommended to attach it to the M5 chart for better visualisation. Please note the default inputs were optimized for EURUSD. Optimization services are available, please contact via DM.
An explanation PDF is available if needed.
Results
Pythor has been tested on 100% accuracy data (provided by DUKASCOPY, central banks, and broker themselves). Results may be found on the screenshots. Backtests show low drawdown. Backtests are no guarantee of future performances.
Additional information and Contact
Any contact can be made using MQL Market DMs. Commercial partnerships as well.
Account management services are also available.
Pythor is currently only sold by the original author of this post and Spectre Capital. Any reproduction or claim to be selling it elsewhere is fake and illegal.
