Scalper Assistant v1.0 - MetaTrader 4 Expert - MT4/MT5 Resources

Scalping is one of the most popular strategies in the world and most traders have tried it at least once. Since scalpers typically trade more than 10 trades per day, setting stop loss and take profit each can be a bit boring. If your strategy is to trade on multiple financial instruments and break even, managing all those orders will be boring and often error-prone. Additionally, if you trade multiple currency pairs on the lower time frames, you may experience rapid price movements when you step away from your desk to grab a cup of tea, missing out on opportunities to break even. However, the possibility of a quick price reversion and turning a profitable trade into a loss is not far off.

Using this expert you can easily determine the amount of your stop loss and take profit. As soon as you open a trade, the expert will automatically set the initial value and if the price moves enough in the desired direction, the trade will be risk-free or break-even.

All input values ​​are displayed as POINT (not PiP).

extern double WhenToMoveToBE //// You determine how far the price should be from the entry point of the order in order for the EA to break even the order.

extern double BEAmount /// The distance from your stop loss to the entry point.

Attachment download

📎 scalping_assistant_v1.0.mq4 (10.45 KB)

Source: MQL5 #34485