Expert Advisors and Indicators for MetaTrader 5

Here you will find many programs for the MetaTrader 5 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 5

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Scalpelo

scalpelo-logo-200x200-6679
299.00 USD212.29 USD

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Information

Experts
MetaTrader 5
Heiko Kendziorra
1.8
12

Overview

Scalpelo is a unique full automatic trading system that cuts many small chunks out of market movements non-stop 24 hours a day with surgical precision.

In EURUSD it opens trades with limit orders, so slippage becomes your friend and internet speed is not an issue.

NO martingale, grid trading or other dangerous method used, that at the end erases your account. Always just one order open with StopLoss. 


Scalpelo live trading  EURUSD >>

Reaching 5% profit on that account at weekend the purchase price rises to USD 399.


The default settings are for both currency pairs for M5 chart.


Settings

  • SetUTC - timezone. Default set UTC=2 is best, used by many brokers 

  • Auto_Moneymanage: automatic money management On or Off

  • MiniLots: if true, Auto_Moneym. has steps of 0.01 lot

  • MaximumRisk: % of account free margin set on risk for a trade

  • Lots: lot size if Auto_Moneym. is disabled


  • StopLossBuy: distance of stop loss 

  • TakeProfitB: points profit when a buy order is closed 

  • Then follow same setting for Sell orders

  • HrFriClose: hour when the EA closes open orders Fridays (24 = disabled)

  • magic: magic number

  • DrawLines: draws Highs and Lows of former days, weeks in the chart. Mouseover shows the name of the line.

  • The EA orientates on these lines. (For trading it makes no difference if the lines are shown or not.) 

  • More info in the description of the indicator: Support Resistance Free   

      

Following settings for advanced users to deactivate trading at certain hours. 

Start, stop and a pause can be set, seperate for buy & sell and for every day of the week. For Monday buy:

  • MonHourStartB  
  • MonHourStopB   
  • MonHourPauseB

Then follow the sell settings and the same for next days. A day is completely deactivated if HourStart & HourStop are equal.

Note: A pause can be one hour or up to 10 hours.

The 'hundreds' before the 'pause-hour' number determines how many hours more the pause lasts.

A setting like: TueHourPauseS=509  means: 

The pause for sell starts at 9 and goes on the 5 following hours, so here from 9-14.  (14 included, still pause)

In the 'Experts' log a pause is indicated at the start of every hour with pause, for the case above: Pause Tue Sell hr 9-14 


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RISK WARNING: fx-market.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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