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EURO USD Scalper EA Settings Explanation!
- Set the maximum spreads.
You can set a maximum spread. if current spread is higher what you set for then it will not open trades.
(So brokers cannot cheat on you)
- Hidden pending settings.
buy and sell pending orders (hidden for brokers)
Pending distance is a different the 2 blue line.
Close pending after minutes. Example if trade not opens in 1 minute then set a new pending order.
0.1 = 6 seconds
0.2 = 12 seconds
0.3 = 18 seconds
0.5 = 30 seconds
It's totally hidden so the broker cannot see what is your strategy.
(So brokers cannot cheat on you)
- Profit target settings.
This is a dollar amount for every 0.01 lot size.
Example if you set for 0.01 and you trade with 0.05 lots size then will close the trade with 5 cents + steps.
Take profit steps is works like a trailing stop but in dollar amount. 0.01 is 1 cent
- Keep trades open.
Example if you et this for 90 then it will keep a trade open for a minimum 90 second.
(Some brokers have rules for scalping. Example, if you are scalping trade, must be open for at least 60 seconds)
- Auto Lot size.
If you set true then it will use auto lot size.
Amount per base lot is a dollar setting.
Example if you set for 0 then it will open 0.01 lot site for every $30 balance you have. if you have $100 balance then it will open trades 0.03 lot size.
(This setting is great as your balance is growing your trading lot size also growing automatically)
Videos from the MT4talk YouTube channel.
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