Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Scalp Strategy Builder for MT5 is a flexible MT-5 Expert Advisor that can be configured for different scalp trading systems. This EA is an open toolbox that allows transparent development, testing and automated execution of market-specific trading strategies. The advanced settings for Money Management, news handling and trading hours allow the configuration of trading rules for prop trading qualification.
Benefits:
- Transparent strategy, no black box
- Time saving as trading strategies can be verified with MT5 Strategy Tester and Strategy Builder EA
- No costs for individual EA development
- Advanced risk settings for prop trading qualification
Characteristics:
- Support multiple candles, price movement patterns, and resistance / support lines for trade entry
- Trade exit based on profit target, or risk based exit scenarios
- Automated trailing stop
- Support of single trade risk management with definable risk / trade
- Advanced risk settings to take into account daily limits
- No restriction to specific symbols, markets and time frames
Parameter groups:
- Risk Management
- Trading Rules for Prop Trading
- Entry Strategy
- Exit Strategy
- Overlaid trend testing
- Parameter contradictions / support levels
- General settings
Doumentation, application examples and set files: https://www.mql5.com/en/blogs/post/751438
IMPORTANT: As with all scalping strategies, it is important to choose a broker/currency pair, e.g. EURUSD, with low spreads and commissions. For backtests it is important to set the modeling on every tick or every tick based on real ticks, otherwise unrealistically high profits are suggested.
This product branch will be extended with additional features and patterns according to your feedback
Future updates will be provided free of charge as part of the maintenance releases in a 10-week release cycle.
