Trading utilities for MetaTrader 4
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MetaTrader 4
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Overview
This Scalper uses a Quick Trading Strategy on Gold (XAUUSD). Dynamic Trading Grid Allows better risk management. Choose Between Higher and Lower Risk settings. NEW: Advanced news filter to configure filter for each event! Economic, Fed, Jobs all have their own configured news filter! Safe stop loss and max lot size options for compatibility with funded accounts like FTMO.
Dynamic news filter doesn't apply to backtesting!
MAIN SETTINGS
Add to allowed websites: Tools>Options>Expert Advisors>Allow WebRequest - please contact for details.| Setting | Value | Description |
|---|---|---|
| Magic Number | 101 | Magic Number of EA Trades |
| Drawdown Protection Start | 6 | The trade number where the risk reduction software enables |
| Trailing Stop | 0.0 | Enables Trailing Stop once Take Profit is hit |
| Risk Tolerance | Low Risk | Adjust the take profit value of the trades |
| Drawdown Chart % Close | 100 | Depending on Account Balance |
| Drawdown Chart Money | 500 | Depending on Account Balance |
| Money Management | false | Enable/Disable Money Management |
| MMmultiplier | 5000 | Money Management multiplier per starting lot |
| Starting Lot | 0.01 | Starting Lot |
| Max Lots | 10 | Max lots open on all charts |
| Pause Before General News - NEW | 300 | Time before news not to open a new trade series |
| Pause Before Job News - NEW | 450 | Time before news not to open a new trade series |
| Pause Before Economic News - NEW | 600 | Time before news not to open a new trade series |
| Pause Before Fed News - NEW | 600 | Time before news not to open a new trade series |
