RedLine Scalper

The Expert Advisor oriented to work on 5-digit ECN account with low spread. The EA is uses the price level breakthrough strategy.

The default settings are optimized for trading on EURUSD.

Recomendations

• ECN broker with a low spread and accurate order execution;
• Deposit from 50 USD on a standard account or 10 USD on a cent account;
• Virtual private server.
• After installation please set the risk parameter or fixed lot depending on your trading style. I prefer a fixed volume.

Features

• The EA does not use martingale and grids;
• Trading is performed by pending orders only;
• All trades are protected by a stop loss;
• Expert Advisor does not require a large deposit;
• The EA can use a fixed or dynamically calculated order volume;
• Expert Advisor is designed to work with 5-digit quotes;
• You can put the EA to any period on the chart. The timeframe is set in the parameters of the EA.

Parameters

• Risk - risk value used for calculation of a dynamic lot;
• Fixed Lot Size - fixed size of volume for the orders. If set to 0, a dynamic volume is used;

• Take Profit - expected profit for a trade, in pips;
• Breakeven - the profit, after which SL of the order is set to breakeven, in pips;
• Stop Loss - allowable loss, in pips;
• Candle's Count - number of candles used to search the needed level;
• Order's Life Time - lifetime of the pending order;
• Min Interval - minimum interval between price and support/resistence level, in pips;

• Work Timeframe - period of chart, on which the EA is running;
• Slippage - maximum price slippage, in points;
• Text Color - color of the displayed data on a chart;
• Background Color - background color of the displayed data;
• Order's Comment - comment of the Expert Advisor's orders;
• Magic Number - unique number of the Expert Advisor's orders (any numbers).

If you have any questions, please send me a private message. I will be glad to help you.