Scalping Project EA - Profit Trades: 87.9%

 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.



Recomendation

Monitoring


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 advisor also has real account monitoring capabilities so this advisor is even more confident, but first understand how the advisor works with a demo or cent account and then where the real account is Recommended to apply to!


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