This EA scalps small but consistent profits by placing a pending order when price has a fast velocity. If this order is not taken it will then delete and wait for the next signal.
It uses a trailing stop as part of its money management strategy and does not put your funds at big risk with such methods as martingale, grid, averaging positions or no stop loss trading.
This EA is very sensitive to latency and spread. We need an ECN broker with tight spread and low commission.
See below for more details
FEATURES
- Based on a sound trading principle of trading velocity.
- A purely mechanical system. Simply set and leave.
- No martingale, grid averaging or no stop loss trading.
- Risks are small per trade.
- An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
- Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. To find broker execution speed we press button Execution Reading.
SETTINGS
SECTION_A
- Magic Number – A unique value to this EA so that if used alongside other EA’s within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
- Slippage – If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.
SECTION_B
- Maximum Spread – Allows only trades when market is less than or equal to the spread as input by user.
SECTION_C
- Lot Size – Adjusts the size of trade exposure we have. EG 0.01 on the EURUSD will mean every micro incremental point move will equal 1 pence.
SECTION_D
- Trailing Stop – Sets the size of our trailing stop in points.
- Minimum Profit To Trailing Stop – Sets the size of profit in points that is required before we activate out trailing stop.
- Stop Loss – Sets the size of stop loss from opening order price in points.
- Take Profit – Sets the size of take profit from opening order price in points.
SECTION_E
- Candle Trigger – Size in points we need candle to be before pending order is placed.
- Velocity Level – The speed of velocity we need before placing pending order. The higher the number the fewer trades are placed.
- Distance From Bid Orders Are Placed – When the signal is found it places a pending order x points from bid.
- Distance Price Moves Against To Delete Order – Distance price goes from pending order before we delete pending order.
SECTION_F
- Money Management – True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
- Risk Percentage – Percentage we risk per trade. EG 2 = 2% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.
SECTION_G
- Start Hour – On and after this hour the EA will start trading.
- End Hour – On and after this hour the EA will stop trading.
Trading Requirements :
With this EA you will lose money if you dont make sure your broker has the following :
High liquid broker
- A broker with fastest execution of < 150ms is essential. We use the execution reading button on panel to find brokers speed.
- Low spread 0 to 1-2 points (Not Pips but points!)
- Low Commission
- Stop level 0
- True ECN
- Fast VPS with the broker server being as close to your vps server as possible
The best would be :
Pepperstone Razor ECN account
Though others are :
IC Markets
FXCM
Vantage FX
Roboforex
FXOpen
OctaFx
How to trade this product :
This EA has the default setting based on 1m timeframes :
TrailingStop = 8
MinimumProfit = 0
StopLoss = 8
TakeProfit = 0
And for the EURGBP
Further experimentation is needed for other timeframes and other markets.
[spoiler title=”Read More…”]
This EA scalps small but consistent profits by placing a pending order when price has a fast velocity. If this order is not taken it will then delete and wait for the next signal.
It uses a trailing stop as part of its money management strategy and does not put your funds at big risk with such methods as martingale, grid, averaging positions or no stop loss trading.
This EA is very sensitive to latency and spread. We need an ECN broker with tight spread and low commission.
See below for more details
FEATURES
- Based on a sound trading principle of trading velocity.
- A purely mechanical system. Simply set and leave.
- No martingale, grid averaging or no stop loss trading.
- Risks are small per trade.
- An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
- Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. To find broker execution speed we press button Execution Reading.
SETTINGS
SECTION_A
- Magic Number – A unique value to this EA so that if used alongside other EA’s within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
- Slippage – If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.
SECTION_B
- Maximum Spread – Allows only trades when market is less than or equal to the spread as input by user.
SECTION_C
- Lot Size – Adjusts the size of trade exposure we have. EG 0.01 on the EURUSD will mean every micro incremental point move will equal 1 pence.
SECTION_D
- Trailing Stop – Sets the size of our trailing stop in points.
- Minimum Profit To Trailing Stop – Sets the size of profit in points that is required before we activate out trailing stop.
- Stop Loss – Sets the size of stop loss from opening order price in points.
- Take Profit – Sets the size of take profit from opening order price in points.
SECTION_E
- Candle Trigger – Size in points we need candle to be before pending order is placed.
- Velocity Level – The speed of velocity we need before placing pending order. The higher the number the fewer trades are placed.
- Distance From Bid Orders Are Placed – When the signal is found it places a pending order x points from bid.
- Distance Price Moves Against To Delete Order – Distance price goes from pending order before we delete pending order.
SECTION_F
- Money Management – True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
- Risk Percentage – Percentage we risk per trade. EG 2 = 2% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.
SECTION_G
- Start Hour – On and after this hour the EA will start trading.
- End Hour – On and after this hour the EA will stop trading.
Trading Requirements :
With this EA you will lose money if you dont make sure your broker has the following :
High liquid broker
- A broker with fastest execution of < 150ms is essential. We use the execution reading button on panel to find brokers speed.
- Low spread 0 to 1-2 points (Not Pips but points!)
- Low Commission
- Stop level 0
- True ECN
- Fast VPS with the broker server being as close to your vps server as possible
The best would be :
Pepperstone Razor ECN account
Though others are :
IC Markets
FXCM
Vantage FX
Roboforex
FXOpen
OctaFx
How to trade this product :
This EA has the default setting based on 1m timeframes :
TrailingStop = 8
MinimumProfit = 0
StopLoss = 8
TakeProfit = 0
And for the EURGBP
Further experimentation is needed for other timeframes and other markets.
This EA scalps small but consistent profits by placing a pending order when price has a fast velocity. If this order is not taken it will then delete and wait for the next signal.
It uses a trailing stop as part of its money management strategy and does not put your funds at big risk with such methods as martingale, grid, averaging positions or no stop loss trading.
This EA is very sensitive to latency and spread. We need an ECN broker with tight spread and low commission.
See below for more details
FEATURES
- Based on a sound trading principle of trading velocity.
- A purely mechanical system. Simply set and leave.
- No martingale, grid averaging or no stop loss trading.
- Risks are small per trade.
- An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
- Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. To find broker execution speed we press button Execution Reading.
SETTINGS
SECTION_A
- Magic Number – A unique value to this EA so that if used alongside other EA’s within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
- Slippage – If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.
SECTION_B
- Maximum Spread – Allows only trades when market is less than or equal to the spread as input by user.
SECTION_C
- Lot Size – Adjusts the size of trade exposure we have. EG 0.01 on the EURUSD will mean every micro incremental point move will equal 1 pence.
SECTION_D
- Trailing Stop – Sets the size of our trailing stop in points.
- Minimum Profit To Trailing Stop – Sets the size of profit in points that is required before we activate out trailing stop.
- Stop Loss – Sets the size of stop loss from opening order price in points.
- Take Profit – Sets the size of take profit from opening order price in points.
SECTION_E
- Candle Trigger – Size in points we need candle to be before pending order is placed.
- Velocity Level – The speed of velocity we need before placing pending order. The higher the number the fewer trades are placed.
- Distance From Bid Orders Are Placed – When the signal is found it places a pending order x points from bid.
- Distance Price Moves Against To Delete Order – Distance price goes from pending order before we delete pending order.
SECTION_F
- Money Management – True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
- Risk Percentage – Percentage we risk per trade. EG 2 = 2% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.
SECTION_G
- Start Hour – On and after this hour the EA will start trading.
- End Hour – On and after this hour the EA will stop trading.
Trading Requirements :
With this EA you will lose money if you dont make sure your broker has the following :
High liquid broker
- A broker with fastest execution of < 150ms is essential. We use the execution reading button on panel to find brokers speed.
- Low spread 0 to 1-2 points (Not Pips but points!)
- Low Commission
- Stop level 0
- True ECN
- Fast VPS with the broker server being as close to your vps server as possible
The best would be :
Pepperstone Razor ECN account
Though others are :
IC Markets
FXCM
Vantage FX
Roboforex
FXOpen
OctaFx
How to trade this product :
This EA has the default setting based on 1m timeframes :
TrailingStop = 8
MinimumProfit = 0
StopLoss = 8
TakeProfit = 0
And for the EURGBP
Further experimentation is needed for other timeframes and other markets.
See below for more details
FEATURES
- Based on a sound trading principle of trading velocity.
- A purely mechanical system. Simply set and leave.
- No martingale, grid averaging or no stop loss trading.
- Risks are small per trade.
- An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
- Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. To find broker execution speed we press button Execution Reading.
SETTINGS
SECTION_A
SETTINGS
SECTION_A
- Magic Number – A unique value to this EA so that if used alongside other EA’s within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
- Slippage – If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.
SECTION_B
- Maximum Spread – Allows only trades when market is less than or equal to the spread as input by user.
SECTION_C
- Lot Size – Adjusts the size of trade exposure we have. EG 0.01 on the EURUSD will mean every micro incremental point move will equal 1 pence.
SECTION_D
- Trailing Stop – Sets the size of our trailing stop in points.
- Minimum Profit To Trailing Stop – Sets the size of profit in points that is required before we activate out trailing stop.
- Stop Loss – Sets the size of stop loss from opening order price in points.
- Take Profit – Sets the size of take profit from opening order price in points.
SECTION_E
- Candle Trigger – Size in points we need candle to be before pending order is placed.
- Velocity Level – The speed of velocity we need before placing pending order. The higher the number the fewer trades are placed.
- Distance From Bid Orders Are Placed – When the signal is found it places a pending order x points from bid.
- Distance Price Moves Against To Delete Order – Distance price goes from pending order before we delete pending order.
SECTION_F
- Money Management – True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
- Risk Percentage – Percentage we risk per trade. EG 2 = 2% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.
SECTION_G
- Start Hour – On and after this hour the EA will start trading.
- End Hour – On and after this hour the EA will stop trading.
Trading Requirements :
With this EA you will lose money if you dont make sure your broker has the following :
High liquid broker
- A broker with fastest execution of < 150ms is essential. We use the execution reading button on panel to find brokers speed.
- Low spread 0 to 1-2 points (Not Pips but points!)
- Low Commission
- Stop level 0
- True ECN
- Fast VPS with the broker server being as close to your vps server as possible
The best would be :
Pepperstone Razor ECN account
Though others are :
IC Markets
FXCM
Vantage FX
Roboforex
FXOpen
OctaFx
How to trade this product :
This EA has the default setting based on 1m timeframes :
TrailingStop = 8
MinimumProfit = 0
StopLoss = 8
TakeProfit = 0
And for the EURGBP
Further experimentation is needed for other timeframes and other markets.
Trading Requirements :
With this EA you will lose money if you dont make sure your broker has the following :
High liquid broker
The best would be :
Pepperstone Razor ECN account
Though others are :
IC Markets
FXCM
Vantage FX
Roboforex
FXOpen
OctaFx
How to trade this product :
This EA has the default setting based on 1m timeframes :
TrailingStop = 8
MinimumProfit = 0
StopLoss = 8
TakeProfit = 0
And for the EURGBP
Further experimentation is needed for other timeframes and other markets.
[/spoiler]