The Trace Reversal Expert Advisor is a scalper based on price movement analysis and some standard indicators.
The Trace Reversal Expert Advisor performs the analysis using only the M5 timeframe.
The Expert Advisor can be used on all pairs, but I recommend choosing instruments with a low spread and close stop levels.
Use the Expert Advisor only on the M5 timeframe.
It can be used on forex pairs with 5-digit quotes and on gold (XAUUSD) with two-digit quotes.
ButStop and SellStop orders must be allowed without restrictions (it is possible to open orders at a distance – from the current price).
More information will be provided in the “Discussion” section.
- lot = 0.01 – lot size;
- TakeProfit= 1250-take profit of the order in pips;
- Stoploss=50 – stop loss of the order in pips. 50 = 5 pips.
- MaxSpread=20 – the maximum allowed spread.
- MoneyManage = true-set the value to true to use automatic money management. If false, ManualLotsize is used.
- Risk = 3.0 – the risk value.
- MagicNumber = 2015 – the order ID.
- OrderCmt-comment to the Expert Advisor.