Density Scalper Scalping Forex EA | Mql5 Market Price: 2000 USD
Strategy Details: https://www.mql5.com/en/market/product/40941
Live Signal Source 1: https://www.mql5.com/en/signals/557796
Live Signal Source 2: https://www.mql5.com/en/signals/510952
Live Signal Source 3: https://www.mql5.com/en/signals/630344
Live Signal Source 4: https://www.mql5.com/en/signals/551791 (NW EA and Density Scalper)
Live Signal Source 5: https://www.mql5.com/en/signals/570091 (NW EA and Density Scalper 2)
Forex EA Name: Density Scalper Scalping Forex EA. "Density Scalper" is a mean reversion system that operates during quiet times of the day. It's similar to the NY CLOSE Scalper but has optimizations to reduce slippage in several aspects. For instance, it has streamlined entry logic for faster calculations, and exits are executed through take-profit orders, which can even result in positive slippage when closing trades.
Additionally, it provides various parameters for optimizing entry conditions and other enhancements. It doesn't use martingale or grids, and there's a stop-loss for each position.
EA Strategy Tradable Currency Pairs: EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURCAD, EURAUD (other suitable currency pairs: AUDUSD, AUDNZD, AUDCAD, EURNZD, CHFJPY, GBPCAD, GBPAUD).
Timeframe for Trading: M5.
Recommended Currencies: EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURAUD, AUDNZD.
Recommended Minimum Capital: $300 initial deposit for 0.01 lots.
Important Note: In the MT4 interface, go to Tools, then Options, select the EA Trading tab, check the "Allow WebRequest for listed URL" box, and add the following URLs: http://fxdata.cc and http://backup.fxdata.cc.
dailyEquityStopPercentage: IMPORTANT: please read point 6 in the?blog post.
orderComment?- Each trade will show this comment in history tab.
magicNumber?- individual magic number. The EA will only manage position of the chart symbol with this magic number.
lotType?- “fixed” or “increasing”, where the lot size is calculated automatically.
fixLots?- fixed lot size in case lotType = fixed.
lotStep?- how much the lot size should be increased every equityPerStep (if lotType = increasing).
equityHardStop?- if the equity falls below that level the EA will close open positions (only of this strategy) and will not open any new positions.
pipInPoints?- for 5-digit brokers, this should be 10, for 4-digit brokers 1.
maxSpreadPips?- maximum spread allowed for entry. If smaller 0, auto settings will be used, which are different for each currency pair.
startHourGMT?- when to start trading (GMT).
endHourGMT?- when to stop trading (GMT).
waitMinutesBetweenSameSideEntry– After a buy position another buy position will only be allowed after the given time. Same for sell positions. If you are sleeping during the trading hours you could limit the potential total risk with this parameter. If the last hour was a loss the EA will automatically increase waitMinutesBetweenEntries by 15 minutes.
autoGMT?- whether to determine GMT offset automatically.
manualGMToffsetWinter?- manual GMT offset in winter (if autoGMT=false or in Tester)
manualGMToffsetSummer?- manual GMT offset in summer (if autoGMT=false?or in Tester)
