Print
Pinterest
Gmail
Email App
Log in or register to download unlimited Forex robots!
Daily Scalp.mq4 - Powerful Forex Expert Advisor for Consistent Profits
Unlock the potential of your trading with Daily Scalp.mq4, a high-performance Forex robot designed for precision and profitability. This expert advisor (EA) executes swift and accurate trades, harnessing market opportunities for optimal results. Compatible with various brokers, including LQDFX and FXOpen, Daily Scalp.mq4 ensures flexibility without compromising efficiency. Elevate your trading experience with this reliable Forex EA, your key to automated success in the dynamic world of currency trading.
Daily Scalp.mq4 2.68 kb, 42 downloads since 2015-04-22
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
DailyScalp EA makes quick, small profits by buying and selling currency pairs based on daily price changes.
This EA watches the prices of currencies for a day and decides whether to buy (when prices go up) or sell (when prices go down). It aims to make a little bit of money from each trade and tries to protect its profits.
Settings and Parameters:
Take Profit: This is like setting a goal for how much profit the EA wants to make from each trade. The default goal is 30 pips (a small unit of currency movement).
Lots: It decides how much money it uses for each trade. The default is set to 1 lot.
Trailing Stop:It's used to lock in profits as the trade moves in the desired direction. The default value is 99 pips.
Stoploss: This is like an emergency brake for the EA. It prevents big losses if a trade goes the wrong way. The default is set to 17 pips.
Pips: This is a number used for calculations. The default value is 16.
Perc: This decides how much of your money the EA uses for each trade. It's set to 5% by default.
How to Set It Up:
Install the EA, Copy the EA code into the "Experts" folder of your MetaTrader 4 platform.
Open your trading software and find "DailyScalp" under Expert Advisors.
Drag and drop DailyScalp onto the currency chart you want to trade.
Adjust settings like "Take Profit," "Lots," "Trailing Stop," and "Stoploss" to fit your preferences and risk level.
Make sure you have enough money in your trading account, and activate automated trading.
How the EA Works:
The DailyScalp EA follows a simple plan:
It checks if there are enough past price movements to make smart decisions (at least 10 of them).
If no trades are open and you have enough money in your account, it figures out how much to trade based on your account balance.
It looks at how prices changed over the last two days. If prices went up, it tries to buy. If they went down, it tries to sell.
It sets a target for profit and a limit to stop losses for each trade, following the settings you chose.
It uses a special "trailing stop" to lock in profits as the trade goes in the right direction.
It also knows when to close trades that have been open for a whole day.
Daily Scalp.mq4 2.68 kb, 4 downloads since 2023-11-08
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.