ECN Scalper

The strategy is based on the High Impact News Announcements. The EA uses the adaptive trade management algorithm.

It was backtested and optimized using real ticks with 99,9% quality. The Expert Advisor has successfully passed the stress test with slippage, spread wideness, abnormal bid/ask difference and commission approximate to the real market conditions.

As Spread wideness could not measure in mt4 backtests, especially during high impact news announcements. However, following safety features applied on EA to protect form big losses during high impact news announcements;

• Max allowed Spread to trades
• Max Spread to close opened trades
• Hard coded hidden Co Stop Loss to cover big slippage
• Hard coded pips countdown stop loss
• Sleep Mode for 30 seconds while detect more widen spread

Real account monitoring

https://www.mql5.com/en/signals/211670

Requirements to Use This EA.

• Account Type must be ECN
• Account Conditions must have 1 or 0 Stop Level
• Minimum Deposit 25$
• Minimum Leverage 1:200
• Forex Currency Pair EURUSD
• Chart Time frame M1
• A VPS with good latency rate

Following Filters are applied on it.

• Is current instrument/pair EURUSD or not
• Is current time frame M1 or not
• Is current account conditions have zero stop level or not
• Is current account have minimum leverage 1:200 or not
• Check for required margin for lot
• Is lot is greater than Broker's allowed max lot
• Is lot is smaller than Broker's allowed min lot
• Is Bid/Ask difference greater than spread
• Is spread wideness is greater than normal

Parameters

• Auto Lot Size — true or false value
• RiskFactor — Risk Factor parameter this rule (Lot = Account Balance / RiskFactor / 100;)
• ManualLot if Auto False — it will be work if Auto Lot Size will be set as false
• Comments — a comment to trades.
• Max Spread — Max Spread allowed to ea for smooth functions
• Max Spread to Close — Max Spread to close open trades
• Entry — It is Current bar size in points and it is decide when to set STOP Orders
• Delta — distance to set pending orders from high / low levels
• Auto Stop Loss — it is work 15Point + current spread
• Solid Stop Loss if Auto False — It is self explanatory parameter and don't need further explanation
• Trailing Stop — It is self explanatory parameter and don't need further explanation
• Trailing Start — It is self explanatory parameter and don't need further explanation
• Trailing Step — It is self explanatory parameter and don't need further explanation
• Start Hour — when to start working
• End Hour— when to stop working

Leave all parameters at default inputs for better results.

Risk Settings

• Auto Lot Size — true or false, if this parameter set as true than lot size will be calculate by following rule
• Lot Management Rule — (Lot = AccountBalance() / RiskFactor / 100;)
• Default Stop Loss (If Auto Stop Loss set as true) — 15 Point of Current Symbol + Current Spread
  
• Default Stop Loss (If Auto Stop Loss set as false) — 30 Points (3 pips)

Recommendations

1. Before using on a live account, test the EA with minimal balance;
2. Use VPS or hosting server with minimal network latency to the broker's server;
3. For best results, use the minimum leverage up-to 1:200;
4. When using the EA with FIFO supporting brokers, do not run more than one EA on one account;
5. Low spreads + low commission + zero stop level + high quality execution are important when choosing a broker.