Trading utilities for MetaTrader 4
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MetaTrader 4
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Overview
After a year of continuous improvement, version 4.5 has been officially launched. Please use this version to load specialized parameters.
NEW WAY Scalper is a night scalping EA that can trade multiple currency pairs. Night scalping EA has a very long history, dating back to 2012 or even earlier. This strategy has been effective for a long time and has many supporters. After two years of extensive and in-depth research, my team has developed New Way Scalper based on the strengths of various night scalping EAs. Among direct currency pairs, it is most suitable for USDCHF, followed by GBPUSD, and other EURUSD, USDCAD, EURGBP, etc. also have good performance.
Next price: $599.
Here is the detailed user manual . If you are not clear about EA settings, you can also discuss it here: Join the public discussion group .
The signals 1, (2 currency pairs) : https://www.mql5.com/en/signals/2310385
Click here A. Download best 2 Pairs parameters , B. Download 5 Pairs parameters .
BackTest, 2018--2024. please use the "Every tick based on real ticks" mode for backtesting.
NEW WAY Scalper, all currency pair parameters are already built-in. When loading EA, please pay attention to the information on the panel, which already includes precautions, suitable foreign exchange varieties, lot position suggestions, etc. EA contains 3 order opening methods, and all key parameters are already built-in. Simple settings, easy to use.
Virtual algorithms are a very effective way to improve performance. Many famous EAs use these algorithms. Inspired by them, I also use this algorithm to improve the performance of NEW WAY Scalper.
Please note : EA holds only 1 order in most cases, but due to the built-in three order opening modes, it can hold 3 orders close to a certain price in some cases. This is normal, don't worry. Each order comes with a stop loss. There are an average of 250 transactions per currency pair per year, and the order holding time is about 4 hours. There are no dangerous ways to lose all your capital, such as Martingale and Grid. Martingale and Grid can grow straight for a certain period of time, and then quickly explode.
We see that there are many EAs in the market that use AI for overfitting. The test looks good, but the actual market is losing money. That is not what we want. Honest EA always grows in twists and turns. The straight upward curve of fitting does not exist here. You need to accept a part of the retracement. Retracement is the inevitable journey to the result of profit.
Prop Firm Support:
The latest version 4.5 allows you to turn off Strategy 2 and Strategy 3, so that only one trading order is held at any time, avoiding being mistakenly judged by Prop Firms as using a grid .
20-year long-term backtest:
Since 2018, the built-in Tick data of MQL5 has been relatively accurate. Before 2018, the data of Tick from 0:00 to 1:00 was very confusing. Before 2018, please use MT4 and Blizzard Hunter for backtesting. Blizzard Hunter allows you to backtest any year.
NEW WAY Scalper specialty:
- All parameters have been set, and it is easy to use. Users only need to adjust the lot.
- There are 3 built-in order opening modes, which cooperate and complement each other.
- Show the transaction results honestly. It will not grow straight up, but will grow in a tortuous but continuous manner.
- With news filtering function. UseNewsFilter=true; Whether to use news filtering.
- Object-oriented programming, fast program running speed
- Can be used together with other EAs
- One order at a time, four-fold stop loss protection
- A virtual algorithm is used to allow the first order to be opened.
- With direct currency pairs, it is recommended that trading is not allowed on Friday night.
application
- Cycle: H1 (or 5M, two cycles to call data)
- Varieties: Recommended: EURUSD; GBPUSD; USDCHF; USDCAD; EURGBP;
- Can be promoted: GBPAUD; GBPCHF; EURCHF; CHFJPY; AUDSGD; USDSGD; EURAUD; EURSGD;
- Minimum deposit: $50, high risk. Recommended medium risk is 0.01 lot per $70. Low risk recommendation: 0.01 lot per $100. Risk warning: Do not trade with heavy positions.
- Account: ECN/RaW/STP, (Tickmill raw spread account , ICmarkets raw spread account, ZERO raw spread account, etc.)
- Recommended Broker: IC Markets. Note: Make sure you use a GMT2/3 exchange broker. The built-in time parameters default to this time zone.
- It is recommended to use a VPS.
- When trading multiple currency pairs on one chart using onechart, keep the quotes on the left side showing all currency pairs.
For every 10 copies sold, the price will increase by $100. The price increase process is: 50-->500-->1000... until the target price is $2000.
Say no to piracy: Do not try and make mistakes with your own money. EA contains algorithms to detect all fake versions. All subsequent activations will not work properly, be careful.
