5 Minutes Scalper - expert for MetaTrader 4

5 Minutes Scalper – EA MetaTrader 4

by

5 Minutes Scalper EA retracement strategy has Trailing Stop Loss &Take Profit,works best on 5 minute time frame EUR/USD and stocks NASDAQ.

Try it on demo first.

This EA trades only with the price of open candle!

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

Inputs

  •  Use_TP_In_Money– Use Take Profit In Money (values:true/false).
  • TP_In_Money– Take Profit In Money   (values: 10-100).
  • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
  • TP_In_Percent– Take Profit In Percent (values: 10-100).
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 1-100).
  • Stop Loss In Money(in current currency) (values: 1-100).
  • Exit=Enable Exit strategy (values:true/false).
  • Lots – Lots size (values: 0.01-1).
  • Lots size Exponent  (values: 1.01-2).
  • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
  • Stop_Loss – Stop Loss (values: 30-500).
  • MagicNumber – Magic number (values: 1-100000).
  • TakeProfit – Take Profit (values: 50-200).
  • FastMA – Fast Moving Average (values: 1-20).
  • SlowMA – Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
  • UseEquityStop –  (values: true).
  • TotalEquityRisk- (values: 0.01-5).
  • Max_Trades(1-5).
  • IF YOU USE ONLY 1 TRADE:
  • //////////////////////////////////////////////////
  • TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.
  • Enable “Break Even” -(values:true/false).
  • When move “Break Even”- (values: 5-30).
  • How much pips move- “Break Even” (values:5-30).
  • /////////////////////////////////////////////////////// 
Alternative:  Error_Break_Script_V1 - This script is a general example of using error brake in any strategy - Break on Code Error Sample Strategy - script MetaTrader 4

      • You need to optimize this EA once  a week and use the exact same  inputs from above .

        You can use it as  hedging grid EA or a single trade EA.

      5 Minutes Scalper

        5 Minutes Scalper – expert for MetaTrader 4
        📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

        Similar MetaTrader Trading Tools: