Recruitment of participants Black Scorpion EA MT4

Black Scorpion EA MT4
no dll




Signal: https://www.mql5.com/en/signals/796222

The EA uses the strategy based on breakout.

Breakout trading is one of the most popular and most frequently used strategies among Forex traders. This strategy has been developed a long ago and has been repeatedly tested on history data, showing superior results.

The EA uses 3 types of trend breakouts, (support and resistance breakout, downtrend breakout, uptrend breakout).

The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade.

It uses an adaptive trailing stop algorithm.

The EA uses a system of closing positions during slippages.

It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing.

The EA contains the algorithm of statistics collection with output on the information panel.

Pair/timeframe: EURUSD M30, EURUSD H1, USDJPY M30, USDJPY H1, GBPUSD M30, GBPUSD H1.

Recommended pair/timeframe: EURUSD H1, USDJPY H1 or EURUSD M30, USDJPY M30

Requirements and Recommendations
Before using on a live account, test the EA with minimal risk.

Low spreads + low commission + high quality execution are important when choosing a broker to trade.
Use VPS server with minimal network latency to the broker’s server;
Maximum Spread — from 0 – 20 points ( 0.0 to 2.0 pips).
Maximum Stop Level — from 0 – 5 points ( 0.0 to 0.5 pips).
Maximum freeze level — 0 points ( 0.0 pips).
Leverage of 1: 100 or more is recommended.

if you use several advisors on the same account, make sure that all the advisors have different Magic numbers.
Parameters

Information panel:
Show_Info_Panel — Information panel. (at the value false – Speeds up the testing in the strategy tester).
Magic:
Magic — trades identifier.
Comment:
Order_Comment— Comments to the order.
Slippage:
Slippage — Allowed slippage before an order triggers.
Spread settings:
Max_Spread — Maximum Spread allowed before pending order is triggered.
Type of trade:
Order_Type — trading direction.
Fixed Lot:
Fixed_Lot — Fixed lot ( if “Use_Risk_MM” = false ).
Risk Money Management:
Use_Risk_MM — At the value ‘true’ the lot size increases as the account balance grows.( Risk Management ).
Percentage_Risk — Increase the lot size based on balance.( Risk Management % ).
Take Profit:
Take_Profit — Take profit level in points.
Stop loss:
Stop_Loss — Stop loss in points.
Settings of moving Stop Loss to breakeven.
Use_Break_Even — If this is true Stoploss price will be moved to breakeven when price is above target points.
Breakeven_Target_PipsInp — When price is above this value breakeven will be triggered.
Breakeven_Jump_PipsInp — Stoploss will be moved using this value to breakeven.
Trailing Stop settings.
Use_Trailing — If this is true, profit will be protected with trailing stop.
Trailing_Stop — Trailing points, when the position is in profit.
Trailing_Step — Trailing step, when the position is in profit.
Adaptive trailing:
Adaptive_Trailing_to_slippages — Adaptive trailing stop.
Change_correction_coefficient — Trailing sensitivity coefficient.
Adaptive_by_Time — Algorithm of adaptive trailing by time.
Time_Scale — Time interval for price analysis.
Trading by time within the day:
Use time — If true trading will be performed by time.
Time_Setting — Server time or computer time.
GMT_mode = GMT offset of the broker server time; ( 0 – not used ).
Every_Day_Start — Operation start time (hh:mm).
Every_Day_End — Operation end time (hh:mm).
Operation end time on Friday:
Use time — If true trading will be performed by time.
Time_Setting — Server time or computer time.
GMT_mode = GMT offset of the broker server time; ( 0 – not used ).
Disable_in_Friday — Operation end time on Friday (hh:mm).