Are you ready to elevate your trading game? Meet the Crypto Scalper EA, your new best friend on MetaTrader 4. This powerful tool utilizes the MFI indicator to identify overbought and oversold conditions, ensuring you never miss a beat in the fast-paced trading world.
Designed primarily for the 5-minute timeframe, this EA is versatile enough to operate across all timeframes, whether you're trading major forex pairs, cryptocurrencies, or stocks listed on NASDAQ.
Key Features of the Crypto Scalper EA
- Start with a demo account to get a feel for its capabilities.
- This EA executes trades solely based on the opening price of each candle!
- Prefer not to increase lot sizes after a loss? Set IncreaseFactor=0.
Inputs to Optimize Your Strategy
- Use_TP_In_Money: Activate Take Profit in monetary values (true/false).
- TP_In_Money: Set your Take Profit amount (values: 10-100).
- Use_TP_In_percent: Activate Take Profit in percentage (true/false).
- TP_In_Percent: Set your Take Profit percentage (values: 10-100).
- Enable_Trailing: Enable trailing stop (true/false).
- Take Profit In Money: Set values between 25-300 in current currency.
- Stop Loss In Money: Set values between 1-20 in current currency.
- Exit: Close trades if the trend goes against you to manage drawdown (true/false).
- Lots: Set your lot size (values: 0.01-1).
- Stop_Loss: Set your Stop Loss (values: 30-500).
- MagicNumber: Assign a unique identifier to your trades (values: 1-100000).
- FastMA: Specify the fast moving average (values: 1-20).
- SlowMA: Specify the slow moving average (values: 50-200).
- Max_Trades: Set the maximum number of trades (1-12).
Pro Tips for Maximizing Your EA
- Regularly optimize your EA every few months using the same settings.
- This EA can function as a hedging grid or as a single trade EA.
- For backtesting guidance, check out this resource.
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