Scalping project EA.
BM trading co., Ltd.
Last revision date: 23 December 2022.
Scalping project EA follows the scalping breakthrough strategy. It trades breakthroughs at relative highs and lows. For entry stop-loss orders for the fastest execution. Profits can be ensured by adjustable tracking stops.
Since the average profit of this strategy is very small, it is strongly recommended that low spreads and commission brokers be used for trading. Transaction costs are crucial here!
The backtest shown in the screenshot is done using the default settings. There may be better or worse settings. Please download the free demo for your own test.
This EA does not use any Martingale and / or grid functionality. However, the tests shown below are done at a 5% risk of each transaction, which cannot be considered “low risk”. Please be responsible for your trading funds and use only those funds that you can afford to lose. Enjoy testing and trading:).
< General Settings >.
Buy transaction: enable EA to place a purchase order.
Sell transaction: enables EA to place a sell order.
Time frame: the time range of candles used to identify high and low points.
Column line N: sensitivity of the high and low point algorithm (smaller values = more high and low points, larger values = fewer high and low points).
Order puffer fish points: order distance from the highest / lowest price.
< deal Settings >.
Trading volume: a model for calculating the number of traders per transaction.
Fixed number of hands: the number of hands per transaction when selecting a fixed trading volume mode.
Risk percentage of balance: the number of hands per transaction will be calculated so that the set percentage of your account will be lost when the initial SL is triggered.
TP points: the distance from the price of the entry order to the stop profit.
SL points: the distance from the entry order price to the stop loss.
TSL trigger point: once the profit of the trade exceeds the TSL trigger point, the tracking stop loss will be activated.
TSL points: tracking stops will be tracked within a set distance after the current market price.
TSL step point: the SL is modified only if the SL is at least this distance higher than the previous SL.
< time setting >.
Time filter: activate or deactivate the time filter, which will be checked before placing a new order.
* * start time: * * the time when trading time is allowed to start.
Start minutes: the number of minutes allowed to start trading time.
End time: the time at which trading time is allowed to end.
End minutes: the number of minutes allowed to end the trading time.
< retract settings >.
Fallback monitoring: activate or deactivate fallback monitoring, and close all transactions for this EA when a rollback is reached.
Daily maximum withdrawal%: if the net value or balance is less than the percentage of the balance at the beginning of the day, the withdrawal mechanism will be triggered.
< more settings >.
* * order Notes: * * comments on each order issued by EA.
Magic number: this number should be unique to each EA in your account, because EA uses it to identify its own transactions.
Chart notes * *: * * activate or deactivate comments in the upper left corner of the chart
Go to China Forex Forum to download this Forex ea:https://www.feixu.xyz/thread/1117