If you're looking to sharpen your scalping strategy, the Last Price expert advisor for MetaTrader 5 might just be your new best friend. This EA is designed to trade based on the last deal executed on the open interest side, leveraging the centralized market's behavior. Essentially, it keeps a close eye on that last deal and opens positions depending on how the price moves.
One of the standout features of this trading robot is its ability to execute trades without slippage. It's specifically optimized for RTS futures, making it a solid choice for traders focused on this market.
The launch date of the expert advisor and its position are illustrated in the figure above.
Recommendations for Successful Trading:
- To avoid drawdown, ensure that the last deal price is significantly higher or lower than the Ask and Bid prices. If not, you could get caught up in the spread.
- Consider setting a maximum allowable spread for opening a position to protect your trades.
- Be mindful of deal volumes, as they can greatly influence potential profits. It has been observed that using a volume of 1 often yields more frequent income, especially when you're in the "extreme mode" of the EA, where the minimum price deviation is just above the spread.
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