GridScalperMT5 – Grid Scalper fully automatic Expert Advisor for low-volatility night trading
Version of the GridScalperMT5 Expert Advisor for the MT4 terminal
Features
Version of the GridScalperMT5 Expert Advisor for the MT4 terminal
Features
-The Expert Advisor trades on 10 currency pairs (USDCHF, EURCHF, EURGBP, AUDUSD, USDCAD, GBPUSD, EURUSD, NZDUSD, CADCHF, EURAUD) from one chart
-The Expert Advisor uses more than five sets of optimal parameters for each currency pair and does not require optimization
-The adviser does not use martingale
-The Expert Advisor uses the minimum number of input parameters available for understanding
-The adviser does not enter into transactions with inflated spreads
-The Adviser sets a fixed stop loss and take profit for all orders
-The ADVISER does not put at risk more than Max_Risk percent of the deposit
-The ADVISER trades only a fixed volume
-The adviser brings the takeprofit closer to the order opening price in case of an unfavorable market situation, in order to recapture at least a commission
-The adviser uses different magic numbers, while the first digits are always equal to Magic
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-The Expert Advisor may not open any orders if the Lots value is overestimated and the Max_Risk value is underestimated
-The Expert Advisor can be installed on any currency pair and any timeframe
-The Adviser’s money management system takes into account stop loss, spread, commissions, swap and balance
Recommendations
-Use the default Adviser settings
-Any 4-digit or 5-digit broker with a narrow spread and fast execution of orders is suitable for trading
-The minimum recommended deposit is $100
-Before using it on a real account, test the Expert Advisor with default parameters (the spread is no more than 5 for 4-digit quotes and no more than 50 for 5-digit quotes)
Parameters
Slippage – price slippage, indicated for 4-digit quotes, calculated automatically for 5-digit quotes
Magic – magic number
Lots – order volume
Max_Risk – the percentage of the deposit at risk for the day
Trade_Hour – the trading hour of the adviser (specified in the settings for brokers with server time GMT 2, the value does not change if the broker switches to daylight saving time. If the broker has server time GMT 0, then Trade_Hour=22)
USDCHF – true – trading on this symbol is allowed, false – prohibited
and others… further description of the parameters is similar to USDCHF
Before allowing an expert to trade on a particular currency pair, test the symbol in the tester on the history of your broker, because the Expert Advisor is sensitive to the spread and execution speed.
A high profit in the past does not guarantee the same high in the future.
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