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ole$ya-PRO EA V.1
The scalper analyzes ticks and works with ticks. Its basic analysis unit is a tick, not a bar. The product works with 4 and 5 digits brokers. Requotes are critical. A broker with the minimum execution delay is required.
SA_EA_600_R.zip 2.94 kb, 168 downloads since 2018-02-06
Get Ahead with ole$ya-PRO EA V.1 EA!
https://mt4talk.com/viewtopic.php?pid=52018#p52018
The EA is a scalping Expert Advisor. Scalping is a trading strategy that aims to make small, quick profits by entering and exiting trades rapidly.
The EA continuously monitors the forex market, specifically the currency pair you've chosen.
It calculates the potential profit and risk levels for each trade it considers. This calculation takes into account the bid and ask prices, as well as the customizable parameters.
When market conditions align with the set parameters, EA will automatically open and manage trades for you. It seeks to capture small price movements for quick profits.
The EA includes risk management features to help protect your capital, such as setting stop-loss levels and maximum Array limits.
You can adjust the following Parameters:
MaxDD (Maximum Array): This parameter sets the maximum allowable Array percentage, helping you control risk (e.g., 30%).
MM (Money Management): You can allocate a specific percentage of your available margin for each trade (e.g., 30%).
PipeName: It's the name for communication pipes.
ServerPairName: Name of the server pair you want to use.
BidCorrection and AskCorrection: These parameters allow you to adjust the bid and ask prices, which can be useful for fine-tuning your strategy.
ActionPips: This parameter determines the pip distance required for the EA to initiate actions (e.g., 2 pips).
TargetPips: You can set your target profit in pips for each trade (e.g., 5 pips).
StopPips: It defines the stop-loss level in pips (e.g., 15 pips).
VirtualStops: Enable or disable virtual stops (true/false). When enabled, the EA uses virtual stop-loss levels.
ConfirmMS: Specify a confirmation delay in milliseconds for trade actions (e.g., 20 ms).
SleepMS: Set the sleep interval in milliseconds for the EA (e.g., 20 ms).
Slippage: Define the allowed slippage in pips (e.g., 1 pip).
Magic: Assign a unique magic number for trades (e.g., 2013).
The EA is most effective when used as a scalping strategy on major currency pairs like EUR/USD.
Currency Pair: EUR/USD
Minimal Balance: Start with a balance of at least $1,000.
Time Frame: Use a 1-hour time frame for analyzing price movements.
With these settings, the EA can take advantage of short-term price fluctuations in the EUR/USD pair, aiming for small but consistent profits. Remember that no strategy guarantees success, so monitor the EA's performance and adjust settings if needed.
To set it up Download the "SA_EA_600.mq4" file.
Open your MetaTrader 4 (MT4) platform.
Go to "File" > "Open Data Folder" > "MQL4" > "Experts."
Paste the downloaded file into the "Experts" folder.
Restart your MT4 platform.
Drag SA_EA_600 onto your desired trading chart. And you are all set.
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