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My new developments, trading signals, and promotions are found here: https://www.mql5.com/ru/users/alcad83

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Free version of the SZ Scalper Expert Advisor

1. Opens only BUY places.

2. does not have the AutoRecovery function.

To open positions, the Expert Advisor uses the support and resistance levels, that are determined by the adaptive algorithm A. A. P. L.D., in addition to the significance of some indexes. The algorithm permits you to determine dynamic price levels, which provides the Expert Advisor the capability to quickly respond to changes in market conditions.

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Designed to work on EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF, NZDUSD.

The timeframe is H1. Optional-M5.

Terminal – MetaTrader 4.

The Expert Advisor can be used both for classic trading with a single order, and for trading with a series of orders. This process is controlled by the MaxNumberOfOrders parameter.

The StopLoss function is performed by the DD and ClosePositionsIfMaxOrdersExceeded parameters.

Minimum recommended deposit:

– $2000 per 0.01 lot for standard accounts;

– $200 (20,000 cents) per 0.1 lot for cent accounts.

• EAMagic – the magic number of the Expert Advisor, which allows it to distinguish its positions from those of other Expert Advisors. The values must be different for each graph.
• AutoLot-if the value is “true”, the Expert Advisor chooses the size of the initial lot for trading, depending on the balance.
• Lots-the initial lot size is set by the user if the AutoLot value is “false”.
• Risk – the percentage of the deposit used for automatic lot calculation.
• DD – the maximum drawdown level, as a percentage of the balance, at which all positions of the EA on this instrument will be closed.
• CommentOfOrder – comment on the order.
• Strategy1 – if “true”, then Strategy3 should be “false”.
• Strategy2 – if “true”, then Strategy3 should be “false”.
• Strategy3 – if “true”, then Strategy1 and Strategy2 must be “false”.
• TakeProfit – the value of TakeProfit in points.
• SaveDeposit – if true, the EA will close a series of orders based on the value of the TakeProfit parameter divided by the number of orders in the series.
• TrailingStop – the value of the trailing stop in points. If “0”, then disabled.
• LotMult-multiplier for the next order opened in the series.
• AutoStep – if the value is” true”, the Expert Advisor will determine the distance between orders in the series automatically.
• ManualStep – distance in points between orders in a series, if the AutoStep parameter=false.
• LimitAveragingLotOnSecondLevel-a parameter that allows you to limit the increase in the lot size in a series of orders at the “2nd level”. That is, the trading lot of the first order will be multiplied by the LotMult parameter only once.
• MaxLotSize – the maximum lot size allowed by the user in a series of orders.
• MaxNumberOfOrders – the maximum number of orders allowed.
• ClosePositionsIfMaxOrdersExceeded – if set to “true”, the EA will close all positions on the current instrument if the price approaches the level at which the number of simultaneous orders would be ClosePositionsIfMaxOrdersExceeded 1.
• MaxSpread – the maximum spread value at which the EA will open positions.
• TerminalGMTshift – the time shift of your broker’s terminal relative to GMT time. For example, if your terminal time is 21: 00 and GMT time is 19: 00, the parameter will be “2”. If your terminal time is 18: 00 and GMT time is 21: 00, then the parameter will be ” -3″
• SummerAdjustment-adjustment for daylight saving time (check with your broker).
• SafeMode – if the value is” true”, the Expert Advisor will use additional filters to enter the market.

The parameters are set as for 4-digit servers, and for 5-digit servers they are automatically recalculated.

The recommended account type is any one with a StopOut level less than 40%.

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