This EA is that the free version of ZZ Scalper. it’s limited to only
0.01 lots hence the user can test it and make sure it functions on a live accounts before buying the paid for version that allows any lotsize.

It works by exploiting the inevitable behavior of price
fluctuations and breakouts. because market prices will always fluctuate to higher highs before boils down to lower lows, breakouts
will happen. 

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No martingales needed, just a simple but excellent proven
strategy with fixed trade management settings. 

FEATURES

• A purely mechanical system. Simply set and leave.
• No martingale.
• 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.

SECTION_B

• 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. FIXED AT 0.01 LOTS IN FREE VERSION  

SECTION_C

• Maximum Spread – Allows only trades when market is less than or equal to the spread as input by user.

SECTION_D

• Stop Loss – Sets the size of stop loss from opening order price.
• Take Profit – Sets the size of take profit from opening order price.
• Trailing Stop As Percentage –  Sets the size of our trailing stop as a percentage of our profit when our minimum profit is met as
  set in Minimum Profit.
• Minimum Profit – Sets the size of profit that is required before we activate out trailing stop.

SECTION_E

• Use 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.
• Percentage Risked Per Trade – 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_F

• Buy Pending Order Pip Offset – Sets how far we want our order to be placed from the recent highest high found. 
• Sell Pending Order Pip Offset – Sets how far we want our order to be placed from the recent lowest low found.
• Bars Till Order Placement – Sets how many bars we count till we place our orders. Recommended as 4.

SECTION_G

• Buy – Sets if we want to open buy orders.
• Sell – Sets if we want to open sell orders.

SECTION_H

• Start Hour – Sets the starting hour we allow our EA to look for trades.
• End Hour – Sets when we want to stop our EA looking for trades.

How to trade this product :

I have set this EA to use the following settings :

Stop Loss = 100

Take Profit = 0

Trailing Stop As Percentage = 20.0

Minimum Profit Till Trailing Stop = 20

This to me shows best long term profitability. We mainly will win most trades and some will catch the exceptionally good moves
that occur on breakouts due to the percentage of profit feature. 

Also there is something to be said for only allowing sell trades because due to the psychology of selloffs that tend to happen
quicker than rallies and so lend themselves well to this system.

Trading Requirements :

I recommend to first try the demo product ZZ Scalper Free which i have made with a fixed 0.01 lot for small volume trades. Make
sure it works on a live account before thinking about purchasing the main ZZ Scalper for larger lot trades.  

Works best on the 1HR charts due to the nature of this strategy. 

This is a highly broker sensitive EA so the following are essential requirements : 

A broker with fastest execution of < 150ms is prefered 

Low spread typically EURUSD < 5 points (Not Pips but points!)

Stop level = 0 

True ECN   

Fast VPS  

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