Scalping projector EA trades the breakouts from relative highs and lows. For the entry stop orders are used for the fastest possible execution. Profits can be secured by the adjustable trailing stop, also each trade is protected by a stop loss and has a take profit.. Not use any martingale and/or grid functionalities.

Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication.Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/FX_VIP/1943

Backtesting:

Backtesting was not carried, below I will publish monitoring of a real account from the developer, you can find out more by clicking on the link below the image

Settings:

General Settings

• Buy Trades: Enables the EA to place buy orders
• Sell Trades: Enables the EA to place sell orders
• Timeframe: The candle timeframe used to identify the highs and lows
• BarsN: Sensitivity of the high and low algorithm (smaller value = more highs and lows, greater value = less highs and lows)
• Order Puffer Points: The order distance from the high/low

Trade Settings

• Trading Volume: Mode for the calculation of the lot size for each trade
• Fixed Lots: Lot size for each trade if the fixed trading volume mode is chosen
• Risk Percentage of Balance: The lot size for each trade will be calculated so that the set percentage of your account will be lost if the inital SL is triggered
• TP Points: The distance form the entry order price to the TP
• SL Points: The distance form the entry order price to the SL
• TSL Trigger Points: The Trailing Stop is activated as soon as a trade is more than the TSL Trigger Points in profit
• TSL Points: The Trailing Stop will be trailed in this set distance behind the current market price
• TSL Step Points: The SL will only be modified if it is at least this distance above the previous SL

Time Settings

• Time Filter: Activates or deactivates the time filter which will be checked before new orders are placed
• Start Hour: Hour of the start of the allowed trading time
• Start Minute: Minute of the start of the allowed trading time
• End Hour: Hour of the end of the allowed trading time
• End Minute: Minute of the end of the allowed trading time

Drawdown Settings

• Drawdown Monitoring: Activates or deactivates the drawdown monitoring that closes all trades of this EA when the drawdown is reached
• Max Daily Drawdown %: Drawdown mechanism is triggered if equity or balance is this percentage below the starting balance of the day

More Settings

• Order Comment: Commentary for every order the EA places
• Magic Number: This number should be unique for every EA in your account since the EAs use it to identify their own trades
• Chart Comment: Activates or deactivates the comment in the upper left corner of the chart

Conclusion:

Hello everyone, as for me, the trading system of this EA looks very interesting, firstly, I like strategies based on breakouts of price levels, there is at least logic in this, the EA also has clear settings that everyone can figure out and by changing some values it will be possible to achieve best results, the advisor settings have everything you need. The adviser also has monitoring on a real account, which gives this adviser even more confidence, but I still recommend that you first understand how the adviser works on a demo account or on a cent account and then put it on your real account!

Reminder: As with every trading system, always remember that forex trading can be risky.  Don’t trade with money that you can not afford to lose.  It is always best to test EA’s first on demo accounts, or live accounts running low lotsize.  You can always increase risk later!

Recommend, in order not to miss important news and updates on the site, subscribe to our telegram channel https://t.me/Fx_VIP

DOWNLOAD EA Scalping projector