Meta Scalping EA v5.0

Description

* Meta Scalping Expert Advisor V5.0 is based on Pure Price Action. Combines with multiple Indicators and Algorithms to find the best opportunities to entry and exit market

* Forex Meta EA Features

– Allow compound interest or Fix lots by user
– Spreads protection, accepted with any spreads.
– Using pending orders (stop or limit orders) without any market orders
– No grid. No martingale. Very safe strategy
– A small Stoploss for every trade
– Combines with Ichimoku, RSI, Bollinger Bands and Awesome oscillator indicators
– Pure Price Action, Algorithms

* Meta Scalping EA Settings

—————- Lots Size
· Fixed lots = 0.0 : If this > 0.0 that mean do not allow compound interest
· Auto Lots (each $1000) = 0.2 : This compound interest works if ‘Fixed Lots’ = 0.0
++ Greater than 0.3 If the leverage > 1:100, anything else please using this: Lots = Margin * Leverage / Contract
++ Ex: EURUSD, Lots = 1000EUR * 30 / 100000 = 0.3 lots (should be < 0.3 – the balance is 1000EUR, Leverage=1:30)
++ Recommended: Maximum 0.3 in any case

· Minimal Lots Size = 0.01
· Maximal Lots Size = 100

—————- Protection
· Maximal spread to entry (PiP) = 2.5 (in pips)
· Stoploss (PiP) = 7.0 (in pips)
. Maximal Risk (%) = 10 (%)

—————- Confirmation
· RSI period (Fixed) = 39
· Ichimoku (Fixed) = “19, 17, 58” (TekanSen – KijunSen – SenkouSpanB)
. Bollinger Bands (Fixed) = 83

—————- Magic number
· Magic number = 202202
· Comment = Meta Scalping EA
. Author = FOREXEA.GURU

* FOREX EA GURU RECOMMENDATIONS

· Broker : ICMarkets, Tickmill, Darwinex, … (ECN account with low spreads)
· Pairs : XAUUSD (GOLD), GBPUSD, GBPJPY, AUDJPY
· Timeframe : M1, M5, M15
· Settings : Default