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Old but still proffitable My_Scalper
Well maybe all of you has known about this EA, but i want to share again this EA. this is a scalper strategy EA
my_scalper.mq4 9.11 kb, 73 downloads since 2017-04-22
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About My_Scalper EA
https://mt4talk.com/misc.php?action=pun … download=1
The my_scalper EA is designed for those who love quick, smart trading. It operates by looking for specific buy or sell signals in the market. When it spots a good opportunity, it jumps in with a trade, either buying or selling based on the market trend. It uses a defined stop loss and take profit strategy, keeping your risks in check and your goals clear.
How this EA works:
The EA scans for potential buy or sell signals based on market conditions.
If a buy signal is detected, it places a buy order; for a sell signal, a sell order.
It sets stop loss and take profit levels to manage risks.
The EA uses a magic number to manage its trades, ensuring it only handles its own trades.
Trades are executed with predefined lot sizes and slippage settings.
The EA monitors your account balance and equity, pausing trading if the balance drops too low or hits a target.
It's programmed to work with various currency pairs.
The EA includes comments and feedback within the MetaTrader platform, keeping you informed.
Adjustable Parameters:
lots: Determines the size of the trade.
slippage: The maximum price slippage for buy/sell orders.
stop_loss: The stop loss value to limit potential losses.
take_profit: The take profit value to secure your gains.
target_balance: Trading will stop once this balance is reached.
minimal_balance: Trading stops if account equity falls below this value.
Strategy Settings Explained:
A balance-driven approach: Trades are managed based on your account's balance and equity.
Risk management: Stop loss and take profit levels are set for each trade.
Dynamic trade size: You can adjust the lot size as per your risk appetite.
Summary: "my_scalper.mq4" is a dynamic EA that combines market trend analysis with a smart risk management strategy. It's a great tool for young investors wanting to step into Forex trading with confidence.
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