The 15-Minute Scalper EA is a powerful trading tool designed to optimize your trading strategy on MetaTrader 4. This Expert Advisor leverages the Stochastic and Parabolic indicators to execute trades efficiently, particularly on the 15-minute timeframe for currency pairs like EUR/USD and stocks in the NASDAQ.
Key Features
- Always test on a demo account first!
- This EA only trades based on the opening price of each candle!
- If you prefer not to increase your lot size after a losing trade, set IncreaseFactor=0.
Input Parameters
- Use_TP_In_Money: Enable Take Profit in monetary value (true/false).
- TP_In_Money: Set Take Profit in money (values: 10-100).
- Use_TP_In_Percent: Enable Take Profit in percent (true/false).
- TP_In_Percent: Set Take Profit in percent (values: 10-100).
- Enable_Trailing: Activate trailing stop with monetary value (true/false).
- Take Profit In Money: Set a trailing profit target (values: 25-200).
- Stop Loss In Money: Set a trailing stop loss (values: 1-20).
- Exit: Close trades if the market trend turns against you (true/false).
- Lots: Define lot size (values: 0.01-1).
- IncreaseFactor: Specify how much to increase the lot size after a loss (values: 0.001-0.1).
- Stop_Loss: Set your stop loss levels (values: 30-500, or 600 for multiple trades).
- MagicNumber: Assign a unique identifier for the EA (values: 1-100000).
- FastMA: Set the period for the fast moving average (values: 1-20).
- SlowMA: Set the period for the slow moving average (values: 50-200).
- Mom_Sell: Set the momentum sell trigger (values: 0.1-0.9).
- Mom_Buy: Set the momentum buy trigger (values: 0.1-0.9).
- UseEquityStop: Enable equity stop (true/false).
- TotalEquityRisk: Set the risk level (values: 0.01-20).
- Max_Trades: Define the maximum number of trades (1-12).
- TrailingStop: Set a value from 40 to 100 to activate trailing stops; use "0" to deactivate.
- Enable Break Even: Enable break-even functionality (true/false).
- Break Even Move: Set the number of pips to trigger break-even (values: 5-30).
It's crucial to optimize this EA every few months using the exact inputs mentioned above. You can use it as a hedging grid EA or a single trade EA, depending on your strategy.
For guidance on conducting backtests, check out this backtesting guide.
Related Posts
- Harnessing MQL5 Wizard for Trading Signals: 3 Black Crows & 3 White Soldiers with MFI
- Creating an Expert Advisor for Dark Cloud Cover and Piercing Line Patterns with CCI Confirmation
- Mastering Trading Signals with MQL5 Wizard: Bullish and Bearish Engulfing Strategies
- Creating a Stochastic-Based EA for Hammer and Hanging Man Patterns in MetaTrader 5
- Mastering Bullish and Bearish Harami Patterns with Stochastic in MT5