- Credits
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Hi this isn't my EA and all credit goes to heshuhan from WorldWideInvest forum.
This EA is inspired by combining both the counter-trend and trend-following features of XMT-Scalper courtesy of Master Capella into one.
The EA does not require any indicator.
The logic is primarily placing pending orders in a certain pip gap away from current bid price. It can use pending stops for breakouts, or pending limits for counter-trend, or both can be turned on at the same time.
It has OCO features to focus trading on one direction only, and has many other interesting features pertaining to risk and money management.
Feel free to backtest and suggest improvements. You can try the SET file which is attached, or you may try optimising using your personal parameters found.
The EA does not have expiry date. You can use it freely. The EA must be run using very tight spreads or low commission in a fast trading environment for it to work.
Attach it to M1 charts only. Kindly change the .TXT file to .SET extension. I cannot upload the SET file due to restriction in the uploading system.
Try on EU, GU and UJ m1 time frame. I haven't tested it, but the creator was saying he was having some excellent success with it.
I have been using XMT Scalper for some time, which isn't that successful, but I'll often increase the TP when it makes a good trade and let it run, so this might have potential.
This EA is inspired by combining both the counter-trend and trend-following features of XMT-Scalper courtesy of Master Capella into one.
The EA does not require any indicator.
The logic is primarily placing pending orders in a certain pip gap away from current bid price. It can use pending stops for breakouts, or pending limits for counter-trend, or both can be turned on at the same time.
It has OCO features to focus trading on one direction only, and has many other interesting features pertaining to risk and money management.
Feel free to backtest and suggest improvements. You can try the SET file which is attached, or you may try optimising using your personal parameters found.
The EA does not have expiry date. You can use it freely. The EA must be run using very tight spreads or low commission in a fast trading environment for it to work.
Attach it to M1 charts only. Kindly change the .TXT file to .SET extension. I cannot upload the SET file due to restriction in the uploading system.
Try on EU, GU and UJ m1 time frame. I haven't tested it, but the creator was saying he was having some excellent success with it.
I have been using XMT Scalper for some time, which isn't that successful, but I'll often increase the TP when it makes a good trade and let it run, so this might have potential.
