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Heavenly EA High-Frequency Scalping Type
Applicable currency pairs: EURUSD, GBPUSD, EURJPY, USDJPY, AUDUSD, USDCAD, EURCHF, NZDUSD - 1H timeframe
Specifically, you can choose based on the platform's spread conditions, with parameters primarily optimized for EURUSD
A high-frequency EA with excellent profit-loss ratio
Capital allocation:
For a $2000 small account, trade only 0.01 lots of EURUSD
For accounts with $5000-10000 USD, trade 0.01 lots
For accounts with $10000-20000 USD, trade 0.02 lots
For accounts with $20000-30000 USD, trade 0.03 lots
[Parameter Explanation]
TradingMode: Trading mode, with four modes in total, including trend limit, counter-trend limit, trend stop, counter-trend stop; trend and counter-trend signals are opposite at the same Fibonacci level.
UseMM: Whether to use compounding
Risk?: Risk ratio, default is 0.1, corresponding to 5000:0.01 ratio
FixedLots: Fixed lot size, used if compounding is not enabled
LotsExponent: Lot size multiplier for adding positions
UseTakeProfit: If set to true, TakeProfit take profit value will be effective, and each trade will have a take profit
UseStoploss: If set to true, StopLoss stop loss value will be effective, and each trade will have a stop loss
AutoTargetMoney: Target amount for the same direction as a whole group; MoneyFactor below represents the overall profit in points, while Money represents the overall take profit amount
AutoStopLossMoney: Stop loss amount for the same direction as a whole group; StoplossFactor below represents the overall stop loss in points, while StoplossMoney represents the overall stop loss amount
UsingTrailing: Use trailing stop; Stop and Start below correspond to trailing stop points and the number of points required to start trailing stop
CandlestockMode: Two modes, from top to bottom, are avoiding major news volatility and opening orders only during major volatility; HighLow below represents the number of points of volatility of a single candlestick
MaxOrderBuy/Sell: Maximum number of buy/sell orders held
PendingDistance: Distance for pending orders, if it's 'limit,' then pending orders will be placed at a more favorable price in the same direction, if it's 'stop,' then it's the number of points for a same-direction breakthrough
Pipstep: Spacing, the number of points required for adding positions
PipstepExponent: Spacing multiplier, the multiplier for spacing changes after each trade; if greater than 1, the spacing will increase with the number of added positions, if less than 1, the spacing will decrease with the number of added positions
MaxSpread: Maximum spread limit
HighToLow: Presumed to be parameters for drawing high and low horizontal lines, with no impact on trading
High/LowFibo: High and low Fibonacci levels, can be set; if it's a trend signal, buy at highs and sell at lows, if it's a counter-trend signal, sell at highs and buy at lows
StartBar/BarsBack: Fibonacci values for K-lines
ShowFibo?: Display Fibonacci levels
Slippage: Slippage
MagicNumber: EA's Magic code, used to differentiate and manage different EA orders
TradeComment: Order comment
Below are the trading time restrictions, whether to trade from Monday to Friday, and the trading start and end time restrictions (server time).
Installation method:
After purchase, copy the Ex4 file to the MQL4/Experts folder in your MT4 platform.
Restart the MT platform (or in MT4, go to [View] - [Navigator] - right-click [EA Trading] - refresh).
First, open the currency pair, drag the strategy onto the chart, and you don't need to open charts for other currencies.
There is no 100% accurate trading system in the world, and any excellent trading system also has periodic flaws. Having an additional reference signal is like having additional guidance. We wish you all success!