It does not use dangerous trading methods like martingale, grid, etc. it executes 1-3 trades a day. Breakout Scalping also can go days without taking any trades and doesn’t open more than one trade at a time. All transactions are always protected by a small Stop Loss and take profit.
It can trade with a fixed lot or use an auto lot and increase the size of the transaction automatically according to the specified criteria. The maximum drawdown percentage is low for this EA, which allows using this adviser on a small deposit.
Please test in a demo account first for at least a week. Also, please Make yourself familiar with and understand how this Scalping EA MT4 works, then only use it in a real account.
Recommendations for Breakout Scalping Robot
- Minimum account balance of 100$.
- Work best on EURUSD and USDJPY. (Work on any pair)
- Work the same on all TimeFrames.
- It’s susceptible to slippage, spread, and slow execution.
- This Scalping Robot MT4 should work on VPS without interruption and low latency to reach stable results.
Input Parameters
General Settings
- Buy Trades: Enables the Scalping Robot to place buy orders.
- Sell Trades: Enables the Scalping EA to place sell orders
- Timeframe: The candle timeframe is used to identify the highs and lows
- BarsN: Sensitivity of the high and low algorithm (smaller value = more highs and lows, greater value = fewer highs and lows)
- Order Puffer Points: The order distance from the high/low
Trade Settings
- Trading Volume: Mode for the calculation of the lot size for each trade
- Fixed Lots: Lot size for each trade if the fixed trading volume mode is chosen
- Risk Percentage of Balance: The lot size for each trade will be calculated so that the set percentage of your account will be lost if the initial SL is triggered
- TP Points: The distance from the entry order price to the TP
- SL Points: The distance from the entry order price to the SL
- TSL Trigger Points: The Trailing Stop is activated as soon as a trade is more than the TSL Trigger Points in profit
- TSL Points: The Trailing Stop will be trailed in this set distance behind the current market price
- TSL Step Points: The SL will only be modified if it is at least this distance above the previous SL
Time Settings
- Time Filter: Activates or deactivates the time filter, which will be checked before new orders are placed
- Start Hour: Hour of the start of the allowed trading time
- Start Minute: Minute of the start of the allowed trading time
- End Hour: Hour of the end of the allowed trading time
- End Minute: Minute of the end of the allowed trading time
Drawdown Settings
- Drawdown Monitoring: Activates or deactivates the drawdown monitoring that closes all trades of this Breakout Scalping when the drawdown is reached
- Max Daily Drawdown %: The drawdown mechanism is triggered if equity or balance is this percentage below the starting balance of the day
More Settings
- Order Comment: Commentary for every order the EA places
- Magic Number: This number should be unique for every EA in your account since the Scalping Robot MT4 use it to identify their own trades
- Chart Comment: Activates or deactivates the comment in the upper left corner of the chart
Recommended Broker
<p style=”text-align: center;”>Click Here==⫸ Trade with a Trusted Global Broker ➤ XM
- Platform: Metatrader4, Metatrader5
- Currency pairs: NZDUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, GBPCHF, XAUUSD (GOLD), BTCUSD (BITCOIN)
- Trading Time: Around the clock
- Timeframe: M5, M15, M30, 1H, 4H, 1D
- Minimum deposit: $100
- Recommended broker: XM
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INDICATOR
File: premium_forex_indicator-1.zip size: 188 Bytes
This Indicator works on Metatrader 4, Metatrader 5, AND C Trader Platform.
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