Scalper for accounts with netting accounting of orders. This Expert Advisor implements a trading strategy to rebound from the support and
resistance levels. The Levels indicator is taken as the basic idea.
Using the settings of the internal indicator, you can set any base timeframe for calculating levels. The Expert Advisor is launched on small
timeframes, it is recommended
PERIOD_M5.
Trading is available both with the lot size set in the settings, and with a dynamically changing lot depending on the settings of the
cost engineering/money management (MM)parameters:
The Expert Advisor has several built-in filters, two of which are available for changing by the user.
The filter by trading time stops working in less stable-night time (in the basic settings it is set for UTC 3);
The volatility filter allows operation at values higher than set in the settings. For the free version, there is a limit
on trading with volatility above 250 pp. on the base timeframe.
The free
version of the Expert Levels Scalper Free is here.
The Expert Advisor can be used on any currency pairs; to confirm the possible effectiveness, it is desirable to perform testing and
confirmation or adjustment of the input parameter settings. When performing testing, it is necessary to get a history quality
of at least 100% (highlighted in red in the screenshots), otherwise the result will be incorrect, as for any other scalper.
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Input parameters:
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Lot 0.01 – setting a fixed lot size at the discretion of the trader. If the lot size is set to more than 0.0, then the settings are MM (
Leverage and
Risk ) are disabled.
–
Leverage 1:500-the leverage is set based on the leverage represented by your broker. You can also set a
smaller leverage to reduce risks. Works when
Lot = 0.0.
–
Risk 70% – the amount of risk is determined based on the results of testing, taking into account your margin
expectations.
But remember! the higher the risk, the greater the probability of losing the deposit. For example, in this case, the risk of 70% (with a leverage of 1:500) is the
limit of holding the deposit, and the risk of 100% leads to the loss of the deposit. With a shoulder of 1:50, we assume a greater risk (more than 100%). Works when
Lot = 0.0.
–
Account base currency – the base currency of the account is set according to the deposit currency. In this version, USD (you can
choose if the base currency of the account is EUR) and RUB are available.
–
TimeFrame PERIOD_H4 – the base timeframe for calculating levels. The base timeframe must be older than the timeframe on which
the chart is open. Usually it is suitable for displaying a graph
PERIOD_M5.
–
Volatility Level 630 – the minimum value of volatility on the base timeframe at which trading is allowed.
It can take any positive values, the operating range is 50-800 pp. At lower values, a lot of small transactions are opened and the
result is leveled by the spread and commission. A significant effect can be achieved when
Volatility Level > 100.
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Start of trading, hour