Powerful Scalping EA
The members of our forum continue to offer us their interesting commercial developments in the field of automated currency trading, so today under the lens of ForTrader.org laboratory is simply an impressive Expert Advisor Powerful Scalping EA.
Description of Powerful Scalping EA
So, from the name of the Powerful Scalping EA robot it is clear that we have scalperwhich author recommends working on EURUSD on M5. The following concepts are used to open trades overbought and oversold, as well as indicators designed specifically for scalping, working on candlestick closes. A small stop order and take profit is used to manage positions, as well as a trailing stop that tracks profits. If necessary, you can use Money Management or limit the work of the robot on Friday.
Advisor Powerful Scalping EA works in MetaTrader 4 terminal with 4 or 5 digits, trades quite actively, supports all forms of accounts. However, it has an important disadvantage that must be taken into account when purchasing a robot. for Powerful Scalping EA is very important spread - It should not be higher than 0.8 pips for EURUSD, so there is a recommendation to work with ECN-companies.
The sponsor of ForTrader.org magazine's lab advisors testing fits the description quite well, so let's see what results we will be able to achieve.
Testing conditions for Powerful Scalping EA
The company: Gamma Markets LTD
Terminal: MetaTrader 4
Deposit: 5000$
Currency pair: EURUSD
Timeframe: М5
Expert's office hours24/7
Expert Advisor Type: commercial
Testing Powerful Scalping EA
In order to appreciate the importance of Powerful Scalping EA on accounts with low spreads, let's see the difference between testing with a 0.8 and 3 point spread.
Testing Powerful Scalping EA at the optimal spread level:
Initial deposit: 1000$
Net income: 11208.54$
Maximum drawdown: 1175.90 (13.40%)
Average profitable trade: 33.91
Average loss trade: -250.51
Money Management: included
Test Time: 7 months
Testing Powerful Scalping EA with an overestimated spread:
Initial deposit: 1000$
Net income: -157.20$
Maximum drawdown: 675.63 (60.85%)
Average profitable trade: 4.65
Average loss trade: -30
Money Management: Disabled
Test Time: 12 months
As you can see, the difference is evident: in the first case we have a beautifully directed graph of balance, which will please any trader not only intellectually but also financially, while in the second case if you have enough nerves to wait for the restoration of the deposit, even that is good. In any case, in the Powerful Scalping EA parameters you will be able to find a variable (MaxSpread) limiting the robot's work with a high spread.
In our case, everything is ready for testing the Expert Advisor in real time, the course of which you can also follow yourself in the monitoring of trading robots, so let's not waste any time.
Addendum dated May 15, 2013Two versions of the Expert Advisor: Conservative trading on the ECN demo account and active trading with MoneyManagement on the real ECN account.
where to download
On the author's website