True Scalper Profit Locking - MetaTrader 5 Expert - MT4/MT5 Resources
The author of the idea — John Smith , the author of the MQL5 code — Barabashkakon .
The two iMA indicators (MA, Moving Average) have hard-coded periods of 3 and 7, and the iRSI indicator (RSI, Relative Strength Index) has a period of 2.
EURUSD test results, first half of 2016.01.10 to 2017.01.11, initial deposit 10,000 - no working variant found. There is a complete loss of any parameters of the EA.
Attachment download
📎 true_scalper_profit_lock.mq5 (33.51 KB)
Source: MQL5 #17351
True Scalper Profit Lock-MetaTrader 5 Expert Usage and Screening Advice
True Scalper Profit Lock-MetaTrader 5 Expert is a scalping EA related resource. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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