Metatrader Expert Advisors based on FOREX Scalping Strategy
Ask yourself: “What is a “forex scalping strategy?” Many traders criticize this subject, others are greatly interested in it, and only a minority of traders is indifferent. Why is a forex scalping strategy so attractive? Most likely people are interested because forex scalping trading is one of few ways of quick enrichment.
There are many published examples in trade history of these competitive accounts. Scalping forex is a large number of transactions during a short time interval; it is aggressive trading with enormous trading opportunities Moreover, for many traders forex scalping is the most acceptable and available existence on the market. It requires a relatively insignificant amount of funds and provides numerous opportunities. Not every trader can do nothing but wait over a long time: it is more exhausting than any risky trade.
Many successful traders believe that having good forex scalping strategy is a key factor to success. An experienced trader can develop his own forex scalping strategy for personal use based on his own experience and taking into account specificity of his character. There are different types of forex scalping strategies: for aggressive trade, less aggressive trade, secure trade, etc. Each trader assigns the level of risk personally. We believe you should enjoy the way you’re trading. Forex scalping trading includes trading techniques and money management methods. If you don’t have your own strategy you may want to use one the ready ones, and it will be effective too!
Algorithm: Scalper operates on the basis of finding the optimal channel on timeframe M15 and definition of orders from the found channel’s confidence intervals. Unlike most scalpers, TakeProfit and StopLoss are not fixed and depend on channel’s width and angle of slope. We also developed special library scalper.dll, which finds the optimal channel. It performs complex iterative calculations of channel with the least and decreasing mean-square deviation in channel. This channel defines the most probable corridor of price movement. We also revealed the most acceptable trade hours for each pair on the basis of the researches of dependence of volatility market on time. Several closely correlated currencies pairs were chosen to work with, and the Expert Advisor was adapted to work on these pairs. It allows to lower drawdown and thereby gives an opportunity to use integrated system Money management very efficiently, with higher %.
Developers: This Expert Advisor is the teamwork result of BJF Trading Group and SLP Trading companies. It took our mathematicians and programmers over a year to develop the product. The idea for the creation of scalper on optimal channel was born a long time ago
however we experienced some technical difficulties before we found the way to develop this product. We needed decisions allowing us to optimize complex iterative calculations; in order to fulfill the given task we organized a department of programmers, and the best mathematicians, who developed computer-aided design systems for European companies.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IN THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY COUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
NEW! MetaTrader Expert Advisor MultiTrade
iticsoftware.com expert advisor rating:
Currencies: EURUSD, GBPUSD, USDJPY, EURCHF
Timeframe: M5, M15, M30, H1
Risk: Medium
Smart Money Management
Forex SCALPING SYSTEM-Professional
Because many brokers expanded the spread on many currency pairs, we have
concluded that the trading system working in the following way is needed:
a. It should work with several currency pairs, and not only with such
popular for scalping pairs, as EUR/GBP or EUR/CHF; b. The system shouldn't be susceptible to the spread.
We've developed the metatrader expert advisor MaltiTrade. The advisor works with the following currency pairs: EUR/USD, EUR/CHF,
GBP/USD, USD/JPY. The advisor is not tied with concrete timeframe, but
analyses timeframes m5, m15, m30, and h1 and opens orders irrespectively
on all timeframes. The size of TakeProfit level is also different for
different timeframes. I want to note once more that the advisor is not
susceptible to the spread and was tested on the Alpari US broker, where
the size of spread is increased. Such approach won't let the broker to
consider the given system as the scalping one, and we hope that brokers
won't unacceptably increase spreads, but will learn to live with the fact
that the trader can be successful.The smart-money management system is also used in the given advisor. This
system allows to diversify your portfolio using multi-timeframe and
multicurrency trade. Weighting coefficients for each timeframe and
currency pair are used in the system. In will allow to protect your
capital more reliably.We plan to introduce the market volatility analysis system at a later
stage. It will allow the advisor to trade 24 hours without time limits
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IN THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY COUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
NEW! MetaTrader Expert Advisor "STOMPER EURGBP"
iticsoftware.com expert advisor rating:
Currency: EURGBP
Timeframe:M15
Risk:Medium
Minimum Deposit:$1000
Recommended Deposit:$2000
limited licences quantity: 45 (available: 6)
Forex SCALPING SYSTEM
Built-in Money Management
Automated time correction for different brokers (5 brokers)
Modular architecture ( optimized speed)
24/7 customer support
Free regular upgrade for all products after purchase
Flexible discount system for more than one purchase
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IN THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY COUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Metatrader 4 Expert Advisor PipsInvader -Fully automated FOREX trading system (FOREX Robot), based on channels strategy.
Channels are parallel lines that are a standard deviation away from the linear regression line on either side of it. These lines are also called confidence bands. They act as support and resistance lines.
Expert Advisor determines market volatility and decides which strategy should be used for current FOREX market conditions: trading inside channel (low volatility FOREX market) or channel breakdown (high volatility FOREX market).
The smart-money management system is also used in the advisor. Lot size depends on account balance, and on current and previous D1 candle size.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IN THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY COUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
