Breakthrough Scalping Robot MT4 Free Download | Scalping EA Download - MetaTrader 4 Resources - MetaTrader 4 Resources
Breakout Scalping EA is an automated scalping robot MT4 that can be downloaded for free. This EA works on a scalping breakout strategy. It trades on breakouts of relative highs and lows. The EA identifies the relative highs and lows of the market and places breakout trades above or below these levels. Use aggressive trailing stops to secure profits. For entries, stop-loss orders are used for the fastest execution possible.
It does not use dangerous trading methods such as martingales, grids , etc. It performs 1-3 trades per day . There is also breakout scalping where no trades are made for several days and no more than one trade is opened at a time. All trades are always protected by small stop losses and take profits .
It can trade using fixed lot sizes, or it can use automatic lots and automatically increase the trade size based on specified criteria. This EA has a low maximum withdrawal percentage, thus allowing small deposits to be made using this advisor.
Please test in a demo account for at least a week first. Also, please familiarize yourself and understand how Scalping EA MT4 works, and then only use it in a real account.
Advice on Breaking through Scalping Bots
- Minimum account balance is $100.
- Work best on EURUSD and USDJPY . (Applies to any pair)
- Works the same way on all timeframes.
- It is prone to slippage, spreads, and slow execution.
- This scalping robot MT4 should be run on a VPS with no interruptions and low latency to achieve stable results. So we recommend running this Free Forex EA on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low spreads and commissions account is also Highly Recommended ( find the best broker for you here )
Download a range of indicators, courses and EAs for free
Input Parameters
General Settings
- Buy Trading: Enables scalping bots to place buy orders.
- Sell Trading: Enables scalping EA to place sell orders
- Time Frames: Candlestick time frames are used to identify highs and lows
- BarsN: sensitivity of the high-low algorithm (smaller values = more highs and lows, larger values = fewer highs and lows)
- Order Puffer Points: The distance of the order from the high/low point
Trade Settings
- Trading volume: Calculation model of the number of lots per transaction
- Fixed Lot Size: If Fixed Volume mode is selected, the lot size for each trade
- Balance Risk Percent: The lot size for each trade will be calculated so that when the initial stop loss is triggered, your account will lose a set percentage
- TP point: the distance from the pending order price to TP
- Stop loss point: the distance from the pending order price to the stop loss
- TSL trigger point: Once the trading profit exceeds the TSL trigger point, the trailing stop will be activated
- TSL Point: The distance the trailing stop will be set behind the current market price
- TSL step point: SL will only be modified if it is at least this distance higher than the previous SL
Time Settings
- Time filter: Activate or deactivate the time filter, which will be checked before placing a new order
- Start time: the start time of allowed trading time
- Start Minute: The minute in which trading time is allowed to begin
- End time: the time allowed for the trading time to end
- End Minute: The minute allowed for the trading time to end
Drawdown Settings
- Retracement monitoring: Activate or deactivate retracement monitoring and close all trades on this breakout when retracement is reached
- Maximum daily withdrawal percentage: If equity or balance falls below this percentage of the day's starting balance, the withdrawal mechanism is triggered
More Settings
- Order Comments: Comments for each order placed by the EA
- Magic Number: This number should be unique for each EA in your account because the scalping robot MT4 uses it to identify its own trades
- Chart comments: Activate or deactivate comments in the upper left corner of the chart
- Read MoreFinding the Best Combination of Forex Indicators for Successful Trading
Breakout-Scalping-Robot.zip
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