Don't waist your time with such EA
All lose`s on real account

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yourbrainforex wrote:

Hi, I'm sharing to you this excelent EA that in the backtest has amazing results, but in real account I'm testing yet.

hi ,
Thank you  very much.thank you for  sharing this your  ea.
good  luck.

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i'm still waiting for the real time result, anyone?
please post your real-acoount achievement with this EA

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About XMT-SCALPER v2.522
https://mt4talk.com/viewtopic.php?pid=28007#p28007

It's based on a tick scalping strategy, originally for EURUSD M1, but adaptable to other pairs and timeframes.
The EA looks for potential reversals following a breakout from a channel.
Utilizes indicators like Moving Averages, Bollinger Bands, and Envelopes to identify trading signals.
Adjusts automatically to your broker's STOPLEVEL, minimizing OrderSend errors.
Incorporates dynamic Take Profit/Stop Loss settings for optimized trades.
Features like Trailing Stop and High-Speed mode are hardcoded to ensure profitability.

Let's break down the adjustable parameters of the EA for a clearer understanding. This will help you tailor the EA to your trading strategy more effectively.

ReverseTrade: A boolean setting. If set to TRUE, the EA trades in the opposite direction of the strategy's signal. Useful for testing counter-trend strategies.
Magic: This is a unique identifier for trades managed by this EA. If you run multiple EAs or trade manually on the same account, the Magic number ensures this EA only manages its own trades.
ECN_Mode: Another boolean setting, relevant for accounts with Electronic Communication Network (ECN) brokers. If TRUE, it adapts the order sending process to fit ECN broker requirements, usually by sending stop loss and take profit orders separately from the trade order.
TimeFrame: This parameter sets the time frame on which the EA operates. It should match the timeframe of the chart the EA is attached to. For example, M1 for 1-minute charts.
MaxSpread: The maximum spread (in points) at which the EA will open new trades. If the spread is wider than this value, the EA won't execute trades. Essential for controlling costs in scalping strategies.
StopLoss and TakeProfit: These parameters define the Stop Loss and Take Profit levels in points. They are critical for risk management, setting the maximum loss and desired profit for each trade.
TrailingStart: This setting controls the activation of the trailing stop feature. The trailing stop will only activate after a trade has moved in profit by the number of points set here.
Commission: Represents the broker's commission per lot traded, adjusted to the EA's calculations. It's important for accurate profit and risk calculation.
Slippage: The maximum slippage allowed for trade execution, in points. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed.
MinimumUseStopLevel: It's the minimum stop level that you want to use, which will be compared with the broker's stop level to decide the final stop level used in trading.
VolatilitySettings (UseDynamicVolatilityLimit, VolatilityMultiplier, VolatilityLimit, UseVolatilityPercentage, VolatilityPercentageLimit): These parameters control how the EA reacts to market volatility. It can dynamically adjust its sensitivity to market movements based on current volatility, a crucial aspect of a scalping strategy.
UseIndicatorSwitch (Indicatorperiod, BBDeviation, EnvelopesDeviation, OrderExpireSeconds): These settings control the technical indicators used for trade signals (e.g., Moving Average, Bollinger Bands), their periods, deviations, and the expiry time for orders.
Money_Management (MoneyManagement, MinLots, MaxLots, Risk, ManualLotsize, MinMarginLevel): These parameters govern how the EA manages trade size and account risk. It includes settings for automatic lot sizing based on account equity and risk appetite, as well as minimum and maximum lot sizes.
Screen_Shooter (TakeShots, DelayTicks, ShotsPerBar): Controls the EA's ability to take screenshots for each trade, useful for later analysis or record-keeping.
DisplayGraphics (Heading_Size, Text_Size, Color_Heading, Color_Section1, Color_Section2, Color_Section3, Color_Section4): These settings are for the visual display of the EA's operations and status on the MT4 chart.

I find the EA to be a highly sophisticated and versatile tool for traders using the MetaTrader 4 platform, particularly those interested in forex scalping strategies.

What impresses me most about this EA is its adaptability to various market conditions and trading styles. The comprehensive range of adjustable parameters, such as ReverseTrade, ECN_Mode, and various volatility settings, allows for a high degree of customization. This adaptability is crucial for scalping, where market dynamics can change rapidly.

The inclusion of settings like MaxSpread and Slippage is particularly thoughtful. These settings are essential in a scalping strategy, where even slight variations in spread and execution can significantly impact the profitability of rapid, short-term trades.

However, the true strength of the EA, in my opinion, lies in its advanced risk management features. The ability to fine-tune settings such as StopLoss, TakeProfit, and TrailingStart gives traders control over their risk exposure on each trade. The Money Management parameters, which allow for automatic lot sizing based on account equity and predefined risk levels, are especially beneficial for both novice and experienced traders, ensuring that trade sizes are always in proportion to the account balance.

The EA's approach to using technical indicators, with the flexibility to switch between different indicators like Moving Averages and Bollinger Bands, and adjusting their periods and deviations, demonstrates a deep understanding of technical trading nuances.

On the downside, the complexity and vast number of parameters might be overwhelming for beginners. It requires a solid understanding of forex markets and trading principles to configure and optimize the settings effectively.

The EAs broad range of customizable features makes it suitable for a variety of trading strategies, while its focus on risk management helps safeguard traders' investments. As with any EA, success would depend on careful configuration, continuous monitoring, and adjustment according to market conditions.

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