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Scalper GBPJPY EA MT4 – Free Download

Scalper GBPJPY EA MT4 – Free Download

$0.00Price

REQUIREMENTS

Recommend deposit  100 USD 

MT4 Account

VPS (Recommended)

 

FILES

1 Expert Advisor file

User Manual

  • Description

    Forex trading has evolved significantly over the years, with the introduction of various tools and strategies aimed at optimizing profitability and reducing risk. One such tool that has gained popularity among traders is the Scalper GBPJPY EA. In this comprehensive guide, we will delve into the intricacies of this tool, its specifications, parameters, backtest results, and the advantages and disadvantages of utilizing it in your trading arsenal.

  • Introduction to Scalper GBPJPY EA

    • The Scalper GBPJPY EA is an automated trading system designed to capitalize on short-term price movements in the GBPJPY currency pair. Employing a scalping strategy, it aims to generate profits by entering and exiting positions swiftly, typically within the span of a few minutes. Developed to operate on the 5-minute (M5) timeframe, this EA employs a trend-following approach to identify lucrative trading opportunities.

      Technical Specifications

       Version: 1.0
       Year of issue: 2024
       Working pairs: : GBPJPY
       Recommended timeframe: M5
       Minimum Deposit: $1000
       Average of account: 1:30 To 1:1000

  • Scalper GBPJPY EA Settings

    • [About parameters]

      ●GMT input…Setting is required only when weekend closing is true.
      ●Compound interest…In the case of 100, the “rate” is 0.01 lot per 10,000 yen. 200 is 0.02 lots per 10,000 yen.

      Basically, it is a simple setting where you only need to adjust the lot.

      ●Lot for simple interest operation: Lot for simple interest operation when the parameter “Compound interest operation” = false. 1.0 lot = 100,000 currency.
      ●Risk ratio: The risk ratio is as follows.

      200 = 0.2 lot per 100,000 yen margin (20,000 currency)
      150 = 0.15 lot per 100,000 yen margin (15,000 currency)
      100 = 0.1 lot per 100,000 yen margin (10,000 currency)
      50 = Margin 10 0.05 lot per 10,000 yen (0.5 million currency)
      20 = 0.02 lot per 100,000 yen margin (0.2 million currency)
      10 = 0.01 lot per 100,000 yen margin (0.1 million currency)

  • EA Explanation

    • Scalping in the direction of the trend: The EA leverages market trends to execute trades, maximizing the probability of success.24-hour monitoring: This EA operates round the clock, ensuring continuous surveillance of the market for potential trading signals.Long-term backtest results: Extensive backtesting has been conducted, demonstrating the efficacy and reliability of the EA over extended periods.SpecificationsMax TP (Take Profit): 30 pipsMax SL (Stop Loss): 210 pipsParametersGMT input: Adjustment required for weekend closing.Compound interest: Determines the lot size based on account balance.Lot for simple interest operation: Lot size when compound interest operation is disabled.Risk ratio: Defines the risk per trade based on margin.Maximum Allowable LotBased on past backtests, the maximum allowable lot size varies depending on domestic and overseas leverage ratios, as well as the selected risk ratio..
    • Backtest Results GBPJPY EA

    • Currency Pair: GBPJPY
    • Period: 5 minutes (M5) from February 1, 1999
    • Model: Every tick
    • Parameters: (MagicNumber=20101001; FixLots=0.16; Position_Comment=”Trend_Scal_GBPJPY_M5_V4_EB”; Slippage=3; MaxSpread=7; ServerTimeGMT=3; UseWeekEndClose=false; WeekEndCloseTime=-1; MoneyManage=false; RiskRate=200; maxposition=4;)
  • Advantages of Scalper GBPJPY EA

    • High Win Rate: The EA boasts a commendable win rate, as evidenced by backtest results, indicating its ability to capitalize on market trends effectively.
    • Automated Trading: Eliminates emotional biases and human errors associated with manual trading, ensuring consistent execution of trading strategies.
    • Scalping Strategy: Targets short-term price movements, allowing for rapid profit accumulation in volatile market conditions.
  • Disadvantages of Scalper GBPJPY EA

    • High Frequency Trading: Requires frequent monitoring due to its scalping nature, which may not be suitable for all traders.
    • Market Conditions: Performance may vary under different market conditions, particularly during periods of low liquidity or high volatility.
    • Backtest Limitations: While backtest results provide insights into past performance, they may not accurately reflect future market dynamics.
  • Conclusion

    The Scalper GBPJPY EA offers traders a sophisticated tool for navigating the forex markets with precision and efficiency. By leveraging its automated capabilities and adhering to proper risk management, traders can harness its potential to enhance profitability and achieve their trading objectives.

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Risk Warning

Trading Leveraged Products like Forex and Derivatives might not be suitable for all investors as they carry a high degree of risk to your capital. Please make sure that you fully understand the risks involved, taking into consideration your investment objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the complete Risk Disclosure.

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