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Content: Expert: Price Action Scalping original.mq4 v1.68 (Unlocked-Source Code), Document: Settings Doc.
Note: SOURCE CODE products work on ALL MT4 Builds, old and new.
The Price Action Scalping Expert Advisor is based on Special Price Action. Combines with some indicators and AI (Artificial Intelligence) to get opportunities to entry.
Features:
Allows compound interest or fixed lots by user
Spread protection, using pending orders (stop order) without any market orders
No grid. No martingale
A small Stoploss for every trade
Combines with RSI and Bollinger Bands indicators
Special Price Action, Special Artificial Intelligence (AI)
Settings:
Volume
Fixed Lots Size = 0.0 — If this field > 0, compound interest is not allowed below
Lots Size Per $1000 = 0.3
Use greater than 0.3 if leverage > 1:100
Otherwise use:
Lots = Margin * Leverage / Contract
Example: EURUSD → Lots = 1000EUR * 30 / 100000 = 0.3 lots (should be < 0.3, with balance = 1000EUR, leverage = 1:30)
Minimal Lots Size = 0.01
Maximal Lots Size = 60
Protection
Maximal spread to entry (PiP) = 1.3 (in pips)
Confirmation
Bollinger Bands period (Fixed) = 23
RSI period (Fixed) = 18
Stoploss (PiP) = 3.0 (in pips)
More
Magic number = 68000
Comment = Price Action Scalping v1.68
Recommendations:
Broker: Tickmill, Darwinex… (ECN account with low spreads)
Pairs: GU, EU, GJ, UCHF, ECHF, AJ, UJ
Timeframe: M1, M5
Note: In Strategy Tester, set the “Maximal spread to entry (PiP)” higher than the spread in your testing
=> Please test it carefully before apply on a live account