Karina Scalper Advisor

The "Karina" Expert Advisor trades based on the signals of the Several Moving Average indicator and "averaging" of the open orders. The signals are filtered based on the Relative Strength Index indicator. The TakeProfit(TP) level is set when opening the first deal. If the market reverses, new orders will be opened in the direction of the first order, followed by "covering" of losing orders with profitable ones. It is recommended to have a large deposit and/or cent account in order to use this EA. It is also necessary to consider the fact that the scalping effect is achieved by setting low (up to 20 points) value for the TakeProfit parameter.

Trading Strategy

• The Several Moving Average (SeveralMA) indicator serves as the market entry signal. If all Moving Averages (MA) of the indicator are directed upwards, then it is a by signal. And if all MAs are directed downwards, then it is considered a sell signal.
• The Relative Strength Index (RSI) indicator is used as the signal filter. If the value of the RSI indicator on the higher timeframe is within the oversold area, and a buy signal comes from the SeveralMA indicator, then a buy order is opened.
• Change in the direction of market movement. In case the market changes direction after an order is opened, a new buy order will be opened.
• Optimal profit level. In case more than one order is opened, the EA calculates the breakeven level and adds the TakeProfit (TP) level to it.

A Pro or ECN (Market/Instant Execution) account with a spread size of 0 to 2 points is recommended for the correct operation of the EA.

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