Trading strategy: Scalping.

The “EA Ultra Speed” Expert Advisor is based on non-indicator work strictly according to the specified rules for opening and closing deals. The EA was created and tested on the main pairs, but this does not mean that you cannot try it on other currency pairs. The idea is that pending orders up or down are placed at a given distance from the current price. Let’s say the price increased by 10 points within an hour and reached 1.3025. The EA follows the price and now orders will be placed at prices of 1.3015 (Sell Stop) and 1.3035 (Buy Stop). This will continue until the news comes out and the price shows a strong rise or fall. In this case, the adviser will not have time to change the order parameters and the order will work depending on where the price has gone.

The adviser trades on 7 pairs: EURUSD, GBPUSD, GBPJPY, USDCHF, USDJPY, AUDUSD, USDCAD,  TF –  H1

and also the adviser can be installed on other currencies and timeframes using the instruction: https://www.mql5.com/ru/blogs/post/750726

МetaТrader 5 version: https://www.mql5.com/en/market/product/93495

• For testing, it is recommended to use:
  • Methods of modeling ticks:
    • All Ticks.

Symbols:

• EURUSD, GBPUSD, GBPJPY, USDCHF, USDJPY, AUDUSD, USDCAD / H1

• EURUSD – if true, use EURUSD;
• …
• USDJPY  – if true, use USDJPY;
• Magic_Start / Magic_Finish – ID of EA’s trades.
• Symbols_Prefix(Suffix)_Name – enter the prefix (suffix) ONLY if the name of the symbols uses a suffix (for example: “m.”(“.m”) if the symbol name is “m.EURUSD”(“EURUSD.m”));
• Use_Risk_MM — If this is true, the lot size will increase when account balance grows (Risk Management).
• Percentage_Risk — Lot size increase based on the balance value (Risk Management in %).
• Fixed_Lot — Fixed lot (if Use_Risk_MM – false).
• Order Type – trading direction;
• Order Comment – comments to orders;
• Slippage – allowed slippage before an order is triggered;
• Show_Info_Panel – use the information panel (false – faster backtest);
• Show_additional_panel – use the info panel for profit indicator per each month, for backtest only;
• Adaptation of the spread to the stop loss – adapt the stop loss to spread;
• Max Spread – maximum allowed spread;
• Stop trade – disable trade for a certain time (from 1 minutes to 24 hours) if the average spread exceeds Max_Spread;
• Correct_Lot_by_Spread – adapt the lot by spread

Trading within the week:

• Monday – trade on Monday;
• …
• Friday

Time trading within a day:

• Use time – if true, the EA trades by time;
• GMT setting – GMT settings;
• Every_Day_Start – start time (hh:mm);
• Every_Day_End – end time (hh:mm).

Time to disable on Friday:

• Use time – if true, the EA trades by time;
• Disable_in_Friday – end time on Friday (hh:mm).

>>>> Our group in mql5: https://www.mql5.com/en/messages/016a118dc374d801 <<<<