CAP Asian Scalper EA MT5

MeetAlgo Asian Scalper is an Expert Advisor that uses range breakouts strategy to enter trades when the market is the most quiet. It will scalp the market for small price deviations. This EA will need a good broker with small spread to work successfully. It is fully optimized for AUDCAD, EURAUD, GBPAUD, GBPCAD, GBPCHF and GBPUSD. The trades are based on several indicators and it's not a tick scalper EA. It need 1:300 leverage minimum, and a low spread broker. It is recommended to use a low spread broker and a VPS. You can start using it with $100 only.

Key Advantages

• No Martingale.
• Always uses Stop Loss to protect capital.
• User friendly.
• Optimizable for all currency pairs (low spread is advised).
• No hedging.
• Works on all brokers.

Trading Requirements

• A good broker.
• A good Internet connection.
• A lot of stamina.
• 1:300 leverage minimum.

Backtesting

The Expert Advisor uses tick data. Please backtest EURUSD M15 in "every tick" mode and play to find the best parameters.

Input Parameters

EA CONFIGURATIONS

• ActiveStrategy: Select your strategy.
• DailyMaxTrade: Maximum trade in daily. 0-mean disable.
• MaximumSpreads: Maximum spreads for an open trade. If the current spread is higher than what you receive in a setting, then the robot will not trade. Please note that the spread is in pips.
• Slippage: Allowed slippage when opening a deal (in pips).
• ManualGMTOffset - if AutoGMT off or in backtest, EA fellow ManualGMTOffset for time zone.
• MondayTrade - FridayTrade - Enable trading day of week by true/false.

STRATEGY_1 SETTING

• MagicNumber: Magic number for strategy_1.
• Strategy1_TP: Max initial Takeprofit.
• Strategy1_SL: Max initial Stoploss.
• Strategy1CloseTradeByTime: EA close trade by Time.
• Strategy1StartTime: Trade start time for Strategy_1.
• Strategy1EndTime: Trade end time for Strategy_1.
• Max Hour to Trade From StartTime - Max hour to trade from StartTime.

STRATEGY_2 SETTING

• MagicNumber: Magic number for strategy_2.
• Strategy1_TP: Max initial Takeprofit.
• Strategy1_SL: Max initial Stoploss.
• Strategy1CloseTradeByTime: EA close trade by Time.
• Strategy1StartTime: Trade start time for Strategy_2.
• Strategy1EndTime: Trade end time for Strategy_2.
• Max Hour to Trade From StartTime - Max hour to trade from StartTime.

LOTS MANAGEMENT

• LotsType - Select any of lots management type.
• RiskPercent - Lot is chosen automatically based on percentage of the loss.
• FixedLots - Fixed Lots.
• XBalance - Lot will increase based on XBalance amount. Calculated as (Your Current Balance/XBalance * LotsizePerXBalance = Your current lots size).
• LotsizePerXBalance - Lot size of XBalance.

CLOSE TRADE BY TIME

• CloseTime1 - CloseTime6: Value in Minutes. After select time expire from open trade time, EA fellow TakeProfit as 'CloseTime1_TP'
• CloseTime1_TP - CloseTime6_TP: Takeprofit in Pips.

Example: Your CloseTime1=60 and CloseTime1_TP=3 (pips). So if your open trade to close by your initial takeprofit after 60 minutes EA with fellow new takeprofit level as CloseTime1_TP=3. EA has 6 different time and takeprofit level.

NEWS FILTER

• News Filter: To enable News Stop Trading (not work on tester!).
• Current Currencies to display the news: if True, EA only filter current chart symbol.
• Select Currency to display the news: if Current Currencies= false.
• LowNews, MidleNews, HighNews: Filter news importance level.
• ShowNewsLine - Show news time on chart.

Official Channel

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Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of MeetAlgo LLC