Description:
Hey traders! If you're looking for a straightforward scalping Expert Advisor (EA) for MetaTrader 4, I've got something for you. This EA operates without any indicators, relying solely on rapid price movements to make trading decisions.
Here’s the scoop on my scalping EA idea: it works most of the time, but I believe it could use a bit of programming magic to reach its full potential.
If someone could lend a hand to modify it, I’d love to make it capable of trading multiple currency pairs simultaneously. The concept is quite simple: it continuously updates Buy Stop and Sell Stop orders with every price fluctuation. However, when the market gets heavy or during news events, it struggles to keep up with the fast-moving prices. This typically results in a solid 10-15 pips movement in one direction.
Over the last three months, I’ve seen a win ratio of about 4-6 wins for every loss (and many of those losses are due to programming errors on my part). I suggest setting the Stop Loss to 5-7 pips if your broker allows it, and it’s been performing well on Alpari US.
Now, here's a little hiccup I’ve been facing: after executing an order, the EA sometimes won’t send another until I disable and then re-enable it. There’s definitely a bug lurking somewhere, and I’d appreciate any assistance in ironing this out. Just a heads-up, I used a coding template from IBFX scripts and modified it for my needs.
Thanks for your help, and please overlook any grammatical slip-ups!
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