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REGISTER PARTICIPANTS Expert Pipstackers Scalper Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 9, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #pipstackersscalper

    pipstackers-scalper-logo-200x200-8080.png

    Strategy
    Pipstackers Scalper is a scalping Expert Advisor which scalps in market with target of 10 pips working on M15 timeframe with 4 currency pairs as EURUSD - USDJPY, GBPUSD-USDCAD on 15 minutes timeframe.

    Strategy Details
    • It finds trend on chart/timeframe it is loaded on using RSI indicator.
    • It places a trade with entered lot in trend direction with target/Take Profit of 10 pips, where as Stop Loss is hidden and collective for a given pair which EA monitors continuously. Stop Loss is made hidden to protect strategy from stop hunts.
    • If Take Profit hits great it opens a new trade on next candle with current available trend. If Take Profit is not hit and market goes opposite it waits till opposite trend ends. Then it adds a trade with a higher lot multiplied by 1.3 in previous trade direction and adjusts Take Profit of both trades in between both entry prices, repeating this 4 times till the time Take Profit is easily hit.
    • As Pipstackers Scalper works with multiple pairs its provides opposite pairs with hedging capability, which helps it to reduce risk to minimum.
    Inputs
    • Lot = 1 (user defined).
    Pipstackers Scalper only has 1 input parameter—Lot. Other parameters have been optimized for best results with M15 timeframe.

    Recommendation: 0.1 Lot size per 500 USD. For 2000 USD account use 0.1 with 4 pairs EURUSD, GBPUSD, USDCAD, USDJPY.

    pipstackers-scalper-screen-7666.png pipstackers-scalper-screen-2096.png pipstackers-scalper-screen-4642.png pipstackers-scalper-screen-1071.png pipstackers-scalper-screen-4958.png

     
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