Stable Trend Scalper

This Expert Advisor tries to collect 5-6 pip targets during a trend. Trend is determined by some different set of smoothed moving averages.

Trade decision is made using Bollinger Bands.

Intro

• Timeframe: M1
• Pairs: EURUSD, GBPUSD
• Trade Style: Trend scalper

Parameters

• Risk: Define leverage used for each order. Default: x25
• Lots: Trade fixed lots in case of Risk=0
• MaxSpread: Maximum allowed spread for the pair
• StopLoss: Stop loss value for each order. Default: 50
• TakeProfit: Target pips for each order. Default: 6 pips

Technical Details

• Broker Selection: ECN brokers with max 0.7 pip EURUSD, 0.9 pip GBPUSD spreads should be preferred
• Testing: You can test this EA using M1 every tick mode. All timeframes are hard coded internally
• Powerful while using fixed lots