Irisha Scalper Advisor

The "Irisha" is an Expert Advisor, in which we attempted to implement the ability of trading on smaller timeframes (1-15 minutes). The main idea lies in opening frequent trades and in the ability to "cover" losing trades with profitable ones. However, we had to resort to the Martingale strategy to implement the idea. Due to this, it is recommended to have a large deposit and/or cent account for using this EA.

Operation of the EA on a live account can be evaluated here: https://www.mql5.com/en/signals/229380

Trading Strategy

• The Moving Average (МА) indicator serves as the signal for opening positions. If the opening price of the candle is below the MA and the closing price is above the MA, this is considered to be a buy signal.
• The Relative Strength Index (RSI) indicator is used as the signal filter. If the value of the RSI indicator is lower than 30, and a buy signal was received from the MA indicator, 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 but with an increased lot size.
• Optimal profit level. In case more than one order is opened, the EA calculates the price level, after reaching which the profitable orders cover the unprofitable ones with the minimum profit percentage.

A Pro or ECN (Market/Instant Execution) account with a spread size of 0 to 2 points (but not greater than 2.5) is recommended for the correct operation of the EA on 5 digit quotes.

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