Black Scorpion EA

The Ultimate Prop Firm Trading System

Black Scorpion EA is a professionally designed trading robot tailored specifically for traders aiming to succeed in prop firm challenges like FTMO, others with MT5, and others. With advanced features and strict risk management protocols, it ensures compliance with prop firm rules while maximizing profitability.

Key Features

1. Strict Risk Management

   • Automatically controls daily loss, max drawdown, and risk per trade to align with prop firm requirements.
   • Limits on the number of trades and concurrent positions prevent overexposure.

2. Powerful Technical Indicators

   • Uses RSI, Bollinger Bands, MACD, and ATR for accurate entry and exit signals.
   • Filters volatile and unpredictable markets with advanced algorithms.

3. Customizable Trading Schedule

   • Set trading hours, avoid specific days, and filter risky market sessions like the first hour on Mondays or late Fridays.

4. Dynamic Lot Sizing

   • Calculates lot sizes based on ATR and account equity, ensuring proportional risk across all trades.

5. Advanced Exit Strategies

   • Includes trailing stops, breakeven adjustments, and ATR-based stop-loss to maximize gains and protect capital.

6. Adaptable to News Events

   • Avoids trading during high-impact news with an integrated news filter (placeholder for connection to news API).

7. Prop Firm Compliance Mode

   • Tracks key metrics like daily loss, total drawdown, profit targets, and days remaining in the evaluation.

Advantages

• Prop Firm Ready: Designed specifically for traders aiming to pass funding challenges with strict rules.
• Highly Customizable: Flexible inputs to adjust risk, strategy, and schedule according to your trading style.
• Easy-to-Use: Plug-and-play setup with minimal configuration required.
• Low Drawdown: Prioritizes capital preservation with robust risk control mechanisms.
• Scalable: Suitable for all account sizes and trading instruments, including forex pairs, commodities, and indices.

Inputs

Risk Management Settings

• MaxDailyLoss: Set the maximum daily loss limit as a percentage of the account balance.
• MaxDrawdown: Define the total maximum drawdown allowed before stopping trading.
• RiskPerTrade: Specify the percentage risk for each trade.
• MaxTradesPerDay: Limit the number of trades executed daily.
• MaxConcurrentTrades: Set the maximum number of open positions allowed simultaneously.

Entry Parameters

• RSI_Period: Period for RSI calculations.
• RSI_Oversold: RSI level to signal a buy.
• RSI_Overbought: RSI level to signal a sell.
• BB_Period: Bollinger Bands period.
• BB_Deviation: Bollinger Bands deviation.
• MACD_Fast / Slow / Signal: Fast, slow, and signal periods for MACD.

Exit Parameters

• TakeProfit: Multiplier for ATR-based take-profit calculation.
• UseTrailingStop: Enable or disable trailing stop-loss.
• TrailingStart: Points required before initiating trailing stop.
• TrailingStep: Increment points for trailing stop adjustments.
• UseBreakEven: Enable or disable breakeven stop-loss adjustment.
• BreakEvenPoints: Points required to trigger breakeven.

Trading Schedule

• StartHour: Hour to start trading (server time).
• EndHour: Hour to stop trading (server time).
• MondayFilter: Avoid trading on Mondays during the first hour.
• FridayFilter: Stop trading late on Fridays.

Black Scorpion EA combines cutting-edge technology with simplicity to provide you with a reliable, efficient, and powerful tool for achieving your prop firm trading goals.