EA XY Scalper is an Expert Advisor that trades on the scalping strategy, with a conceptually new approach to calculating support and resistance levels and with automatic optimization neural network, built-in artificial intelligence
It has a two-level trailing of positions
It has a built-in system for restoring unprofitable positions, built on a special algorithm
It is possible to trade in semi-automatic mode, using the built-in panels on the chart
If you set Magic ID = 0, the Expert Advisor will work with orders opened manually or that you open in the terminal on your smartphone or tablet
Recommended timeframes: from M1 to H1 (M1 – high risk, M5-M15-medium risk, M30-H1-low risk)
Minimum deposit: from $ 200 (not for all currency pairs, you can choose a pair in the strategy tester for your deposit) for trading on one pair
Recommended deposit: from $1000 for trading on all recommended pairs
Recommended currency pairs: USDCAD, EURAUD, AUDCHF, EURCAD, CHFJPY, EURCHF, GBPCHF, CADCHF, NZDCHF
Recommended brokers: Tickmill, RoboForex, IC Markets, as well as any other brokers that have ECN, RawSpread or market accounts with zero spreads and minimum StopLevels
ALL SETTINGS MUST BE SPECIFIED AS FOR 4-DIGIT QUOTES. FOR 5-DIGIT QUOTES, THE EA WILL RECALCULATE EVERYTHING AUTOMATICALLY
DESCRIPTION OF SETTINGS:
GENERAL SETTINGS Select Language – Select the interface language New Cycle – Enables / Disables the Expert Advisor
Trade Buy – Allow Buy trading
Trade Sell – Allow Sell trading Start Hour – Start Hour of trade End Hour – End Hour of trade Max Spread – The Maximum allowed spread for trading
Count Bars for Calculations – Number of bars for calculating support and resistance levels
Change Levels if restart – Sets or deletes the real SL and TP levels when starting / restarting the Expert Advisor
MONEY MANAGEMENT
Use Funds – Selection of funds for trading when calculating the autolot
Use Autolot – Enables / Disables automatic calculation of trading volumes
Autolot Size, money – The Amount of funds for automatic calculation of lots
Fix Lot – Fixed lot size (also used for automatic calculation)
Max Open Orders – Maximum number of main orders , if -1 no limits
StopLoss, pips – Stop Loss Level in points
TakeProfit, pips – Take Profit Level in points
Virtual TP SL – Trading with virtual SL and TP levels
Close if Reverse – Close open positions when a counter signal is received
Minimum Margin Level, % – The minimum margin level in percent, at which the EA will stop trading, until the situation improves
TRAILING SETTINGS Use Trailing – Enables / Disables the trailing Trailing Start, pips – Distance from the position in points to start the trailing operation Trailing Stop, pips – Distance in points from the current price for placing a stop order Trailing Step, pips – trailing Step in points
Close Part, 0–>Off – part of the position for partial closing of the order. If the value is zero, the function is disabled
PENDING SETTINGS
Trading with pending orders – Turn on/Disable trading with pending orders
Distance for open pending orders – Distance from the current price to the open price of the pending order
Expiration pending order – The expiry time of the order
Moving pending to best price – Move to the best price
Step – Order movement step
RECOVERY SETTINGS Use Recovery – Enables / Disables the system for restoring unprofitable positions Grid step, pips – distance in points from the farthest position for building a restoring grid Minimum Profit, pips – Minimum profit in points for closing the grid in parts of two orders Lot Multiplier for Grid – Multiplier for grid orders Max Recovery Orders – the Maximum number of orders in the recovery grid
Recovery with pending orders – To recover the pending orders
OTHER SETTINGS Show Trading Statistics – Enables / Disables the display of trading statistics on the chart
Magic ID – Magic number for the EA’s orders
BE SURE TO CHECK THE WORK OF THE EXPERT ADVISOR ON YOUR BROKER’S DEMO ACCOUNT!
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