ScalpWiz 9001 - MetaTrader 5 Expert | Scalping EA Download - MT4/MT5 Resources

Idea from: Mark Boggs

Code mq5: Barabashkakon

EA only works on hedging accounts!

In the EA, class C position information , trade network , symbol information , account information , order information , and CArray objects are used.

Four levels, i.e., pending order space, can be specified in the input parameters. The size of the space follows the following logic:

Level #0 < Level #1 < Level #2 < Level #3

The EA permanently monitors the situation, that is, once the price breaks through one of the iBands (Bollinger Bands, BB) indicator lines, the distance is level #3 . Once a breakthrough is discovered, a pending order will be placed. In the image below you can see an example scenario for a breakout above the upper line: Four stop loss orders are placed

Therefore, once the lower line is breached, a pending buy stop order will be placed.

For each pending order, the pending stop order expiration time in minutes is set. You can specify both permanent and dynamic (in risk percentage) lot sizes. Batch types are assigned to money management .

Parameters such as Stop Loss , Take Profit , and Trailing Stop can be disabled. To do this, you simply assign the value 0.0 to the parameter.

EURUSD first half sample

and USDJPY, H1

Attachment download

📎 scalpwiz_9001.mq5 (50.79 KB)

Source: MQL5 #22678