The scalper Expert Advisor monitors and makes deals when the number of bull / bear bars in a row reaches a predetermined value. It works on opening a new bar (by default M5), if the signal continues, an additional transaction is opened. The adviser has several parameters that respond directly to the direction of trade:
- TIMEFRAME – working timeframe;
- MIN_BAR_SIZE – minimum bar size, set as% of ATR;
- DIRECTION_CONTINUED – the number of bull / bear bars in a row to open a transaction in the direction of travel;
- DIRECTION_REVERSAL – the number of bull / bear bars in a row to open a trade opposite to the direction of movement;
- PERIOD_ATR – period of the ATR indicator, for calculating the minimum bar size;
- MAX_ORDERS – the maximum number of orders in one direction;
- IGNORE_SIGNAL – ignore the signal to open a trade if there are already open positions opposite to the signal until the number of opposite trades reaches the value MAX_ORDERS;
The adviser has a time job function:
- START_HOUR, START_MINUTE – the hour and minutes allowed to open trades;
- STOP_HOUR, STOP_MINUTES – hour and minutes for the end of trading;
- CLOSE_ZEROLEVEL – close all orders on breakeven if the allowed time for trading is over;
Management:
- USE_BALANCE_PCT – the percentage of funds from the balance that the adviser can use is set for each symbol separately;
- FIX_START_LOT – fixed starting lot for each N amount from the balance (FROM_BALANCE);
- FROM_BALANCE – N amount of balance to calculate the starting lot (FIX_START_LOT);
Closing deals:
- STOPLOSS_IN_PIPS – if TRUE, then STOPLOSS is set in pips, otherwise in% of balance;
- VIRTUAL_STOPLOSS – stop loss;
- STOP_TRADING – stop trading when a loss is received;
- VIRTUAL_TAKEPROFIT – take profit in pips, initially calculated from the opening price of the first order;
- START_TP_ZEROLEVEL – the number of orders when the take profit starts to be calculated from the breakeven level;
- CLOSE_AT_ZEROLEVEL – the number of orders when all trades will be closed for a total breakeven;
- USE_TRAILINGSTOP – allow to use trailing stop;
- TRAILING_STOP, TRAILING_STEP – start and trailing stop step;
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