Why Scalping is a Go-To Strategy for Traders
Scalping has become one of the go-to strategies for traders around the globe, and let’s be honest, most of us have dipped our toes into it at least once. With scalpers typically executing over 10 trades a day, keeping track of Stop Loss and Take Profit levels can get a bit tedious. If you’re juggling multiple financial instruments, trying to hit that Break Even point can feel like a juggling act prone to mistakes.
Picture this: you’re trading on lower time frames across various currency pairs, and just as you step away for a quick cuppa, the market makes a sharp move, and you miss your Break Even opportunity. It’s a trader’s nightmare, right? The thought of a promising trade turning into a loss can be quite unsettling.
Meet Scalper Assistant v1.0
This is where the Scalper Assistant comes into play! This handy tool takes the guesswork out of setting your Stop Loss and Take Profit levels. As soon as you open a trade, the assistant automatically applies the initial values. If the price shifts favorably, it can seamlessly push your trade to Risk-Free or Break-Even status.
Key Features of Scalper Assistant
- Customizable Settings: You can easily adjust the parameters to fit your trading style.
- Point-Based Inputs: All input values are measured in POINT, not PIP, making it straightforward to track your trades.
- Break Even Management: Specify how many points away from your entry point a trade needs to be before the EA moves it to Break Even.
- Stop Loss Distance: Set how far your Stop Loss should be from your entry point.
How to Use Scalper Assistant
To get started, here are a couple of parameters you might want to set:
extern double WhenToMoveToBE: This lets you determine how many points the price should be away from the order entry point for the EA to move the order to Break Even.
extern double BEAmount: This allows you to set the distance of the Stop Loss from the entry point.
With Scalper Assistant v1.0, you can take your scalping game to the next level without the hassle of manual management. Say goodbye to missed opportunities, and hello to a more efficient trading experience!
Comments 0