Overview of Dealers Trade v 7.51 RIVOT EA
If you’re looking to step up your trading game, the Dealers Trade v 7.51 RIVOT EA is worth a look. This Expert Advisor is all about multi-lot scalping, and it’s been rigorously tested on live accounts, so you know it’s got some solid credentials.
How It Works
The magic behind this EA lies in its use of the RIVOT indicator. Here’s the lowdown:
- Buy or Sell: If the price is above the RIVOT line, it’s time to buy. If it’s below, then you’re looking at sell opportunities.
- Position Sizing: The EA increases the size of each subsequent position by either 1.5 or 2 times the previous one. You can tweak this setting in the parameters to suit your strategy.
- Timing: You have the flexibility to set the interval between opening positions in points, allowing for a tailored approach.
Closing Positions
When the last position hits a positive outcome—either through a take profit (TP) or trailing stop loss (SL)—it triggers the closure of all orders in that batch. This is a great safeguard, as the profit from the last order often offsets any losses from prior trades, leading to an overall gain.
Time Frame and Currency Pair Considerations
This EA is versatile enough to work on any time frame. However, it’s wise to customize the parameters for each currency pair you intend to trade, ensuring you’re always optimizing your strategy.
Final Thoughts
For those looking to enhance their scalping capabilities, the Dealers Trade v 7.51 RIVOT EA could be a game changer. It’s all about making those small, consistent gains that can add up over time. Plus, with real testing reports available, you can see exactly how it performs in live conditions.
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