Hybrid Scalper
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Hybrid Scalper
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
Hybrid Scalper is the Expert Advisor based on many indicators, best Performance with 5-digits broker, true ecn broker (spread: no more then 5 pips).
Algorithm
:
Buy/Sell will be executed depending on trend direction and .
Loss orders will be closed depending on RSI, profitable Orders will always survive (the SL/TP is modified).
The details can be found in the code.
Volatility
:
Expert decide if market is not stable using Bollinger Bands and will not trade during high volatility except if you set do not Stop expert during Market Volatility(false)
Expert will not trade during at the end of each year except if you set do not Stop expert during Market Volatility(false)
Extra features:
Set Trading Days (example Monday Trade
true,
Tuesday Trade
false
etc...);
Set Max spread, Ea will not work if spread exceeded;
Magic Number for Strategy 1 (Main Strategy ) and Magic Number for Strategy 2 (Stop and reverse Strategy);
You can disable stop and reverse strategy by setting "Allow stop and reverse" false;
On each Chart where Expert is Running, Magic number 1 Number must differ from Magic Number 2;
Show Account info, set to true to see some essential information on your chart (Name, Leverage, Equity, Magic Numbers);
Send Saturday Report : Set to true , to receive each Saturday a report about Balance , equity, total profit/loss , Margin , Free Margin
Recommendations:
Expert can make good profit in 3 to 4 years, and can also drain the entire account balance in 3 to 4 years;
Take a look at the Graph.
