FOREX Scalping Expert -Scalper
Expert Advisor " MultiTrade" Technical Characteristic:
- Currency: EUR/USD, EUR/CHF, GBP/USD, USD/JPY
- Timeframe: M5
- Using Indicators: NO
- Trading Time: 19:00-6:00 GMT
- Risk: Medium
- Concept: Forex Scalping Expert Advisor based on high/low channel and 4 screen conception
- Money Management: Stop Loss and Take Profit, closing at the time
- Customization: possible upon the request
How does the "MultiTrade" Expert Advisor work?
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 MT4 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