EA Black Scorpion v10.79

$12.00

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Description

INSTANT DOWNLOAD!

Your price: $12.00

Content: Expert: EA Black Scorpion 10.79.ex4 (Unlocked MT4 Build1420+), NO MANUAL.

 

The EA uses the strategy based on breakout.

Breakout trading is one of the most popular and most frequently used strategies among Forex traders. This strategy has been developed a long ago and has been repeatedly tested on history data, showing superior results.

The EA uses 3 types of trend breakouts, (support and resistance breakout, downtrend breakout, uptrend breakout).

The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade.

It uses an adaptive trailing stop algorithm.

The EA uses a system of closing positions during slippages.

It was back tested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing.

The EA contains the algorithm of statistics collection with output on the information panel.

pair/timeframe: EURUSD M30, EURUSD H1, USDJPY M30, USDJPY H1, GBPUSD M30, GBPUSD H1.

Recommended pair/timeframe: EURUSD H1, USDJPY H1 or EURUSD M30, USDJPY M30

Requirements and Recommendations

  1. Before using on a live account, test the EA with minimal risk.
  2. Low spreads + low commission + high quality execution is important when choosing a broker to trade.
  3. Use VPS server with minimal network latency to the broker’s server.
  4. Maximum Spread — from 0 – 20 points ( 0.0 to 2.0 pips).
  5. Maximum Stop Level — from 0 – 5 points ( 0.0 to 0.5 pips).
  6. Maximum freeze level — 0 points ( 0.0 pips).
  7. Leverage of 1: 100 or more is recommended.
  8. if you use several advisors on the same account, make sure that all the advisors have different Magic numbers.

Parameters

 

Information panel:

  • Show_Info_Panel — Information panel. (at the value false – Speeds up the testing in the strategy tester).

Magic:

  • Magic — trades identifier.

Comment:

  • Order_Comment— Comments to the order.

Slippage:

  • Slippage — Allowed slippage before an order triggers.
Spread settings:
  • Max_Spread — Maximum Spread allowed before pending order is triggered.
Type of trade:
  • Order_Type — trading direction.

Fixed Lot:

  • Fixed_Lot — Fixed lot (if “Use_Risk_MM” = false).

Risk Money Management:

  • Use_Risk_MM — At the value ‘true’ the lot size increases as the account balance grows. (Risk Management).
  • Percentage_Risk — Increase the lot size based on balance. (Risk Management %).

Take Profit:

 

  • Take_Profit — Take profit level in points.

Stop loss:

 

  • Stop_Loss — Stop loss in points.

Settings of moving Stop Loss to breakeven.

  • Use_Break_Even — If this is true Stoploss price will be moved to breakeven when price is above target points.
  • Breakeven_Target_PipsInp — When price is above this value breakeven will be triggered.
  • Breakeven_Jump_PipsInp — Stoploss will be moved using this value to breakeven.

Trailing Stop settings.

  • Use_Trailing — If this is true, profit will be protected with trailing stop.
  • Trailing_Stop — Trailing points, when the position is in profit.
  • Trailing_Step — Trailing step, when the position is in profit.

Adaptive trailing:

  • Adaptive_Trailing_to_slippages — Adaptive trailing stop.
  • Change_correction_coefficient — Trailing sensitivity coefficient.
  • Adaptive_by_Time — Algorithm of adaptive trailing by time.
  • Time_Scale — Time interval for price analysis.

Trading by time within the day:

  • Use time — If true trading will be performed by time.
  • Time_Setting — Server time or computer time.
  • GMT_mode = GMT offset of the broker server time; (0 – not used).
  • Every_Day_Start — Operation start time (hh:mm).
  • Every_Day_End — Operation end time (hh:mm).

Operation end time on Friday:

  • Use time — If true trading will be performed by time.
  • Time_Setting — Server time or computer time.
  • GMT_mode = GMT offset of the broker server time; (0 – not used).
  • Disable_in_Friday — Operation end time on Friday (hh:mm).

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