SZ Scalper Free MT4 EA
For opening positions, the EA uses support and resistance levels, that are detected by advanced adaptive algorithm A.A.P.L.D. and a certain correlation of some standard indicators. The algorithm allows to detect dynamic levels of support and resistance, that gives the opportunity to respond quickly to changes of market conditions.
The A.A.P.L.D. algorithm provides two strategies of important price levels detection. They can be used either together or separately.
This Expert Advisor is intended for trading EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, NZDUSD.
Timeframe – M5. For order opening the EA uses data from several timeframes, so history data from M5, H1, H4 and D1 has to be downloaded to trading terminal. To download history data it’s needed to switch timeframe of a chart one by one to M5, then – to H1, then – to H4, then – to D1, then – back to M5. This will be enough history data for trading.
Terminal – MetaTrader 4.
Minimal recommended deposit – $2000 for 0.01 lot or 20000 cents ($200) for cent-accounts.
- EAMagic – magic number of the EA, which allows it to distinguish its positions from others. Must have different values for every chart.
- AutoLot – can be set to “true” or “false”. When set to “true” the EA selects the lot size for trading depending on the balance value.
- Lots – lot size is set by user, if the value of AutoLot is “false”.
- Risk – percentage of the deposit, used for the automatic calculation of the lot.
- DD – the maximum drawdown as a percentage of the balance, at which all positions of the EA will be closed.
- CommentOfOrder – comment to orders. Can take any value.
- Strategy1 – can be set to “true” or “false”. If “true”, the EA uses the first strategy.
- Strategy2 – can be set to “true” or “false”. If “true”, the EA uses the second strategy.
- TakeProfit – TakeProfit value in points.
- TrailingStop – trailing stop value in points. If 0 – disabled.
- LotMult – multiplier for the next order opened in the series.
- AutoStep – can be set to “true” and “false”. If “true”, the EA will detect distance between orders in series automatically.
- ManualStep – distance between orders in series in points, if parameter AutoStep=false.
- MaxLotSize -maximal lot-size allowed by user in order series.
- TerminalGMTshift – time shift of your brokers terminal relative to GMT. For example, if your terminal’s time is 21:00 and GMT time is 19:00, then this parameter will be equal to “2”. If your terminal’s time is 18:00 and GMT time is 21:00, then this parameter will be equal to “-3”
- SummerAdjustment – adjustment for daylight saving time (contact your broker for details).
- ShowInfoPanel – can be set to “true” or “false”. If “true”, the information panel will be displayed on the chart of the traded pair.
Default settings are recommended, but you can experiment, if you wish.
Parameters are set as for 4-digits servers. They will be automatically recalculated for 5-digits servers.
Recommended broker – any with the spread on EURUSD less than 20 and StopOut level less than 30%.
I will be happy to answer any questions you may have.
Have a successful trading.