Thank you for your interest for my EA called TheScalpingFX!
I will explain something about the EA in this comment.
I completed this EA project after 8 years. What is the difference between FREE and PAID versions of the EA?
The free version has different take-profit and stop loss points. It has a Reward/Risk ratio of 1/50. However,
the paid version has a Reward/Risk ratio of 1/6.6. This means that the free version has more loss than the paid version.
I suggest you download the paid version to test my EA.
I recommended 4 pairs EURUSD, USDCHF, GBPUSD, and USDCHF. You should these pairs together.
The EA allows max 2 trades at the same time. Each pairs will have only one trade during a trading day.
Thus, you will have max 4 trades in a day. If you have a loss, the EA will stop trading for that day. Then it will start to trade
tomorrow. If you have a loss, you will recover the loss after 8 profitable trades. This is equal to two profitable trading days.
I hard-coded the time frames. So, you can use any time frames. That is not important.
You will have 4 inputs in the EA as follows;
https://c.mql5.com/31/944/2585348514482.png
You must write only your initial balance on the initial_balance input.
My suggestion is to use 8 and 17 for the running time of the EA.
LotSize input is very important. You can write me any time about that.
So, I can calculate it for you based on your balance and risk level.
I do not believe any back-test. So you can monitor my signal to evaluate my EA.
My signal has a demo account. Because I do not have money yet. However, my demo account has
real environment like including commissions and real spreads.
I hope you will obtain good profits.
Best, Murat Y.
QUESTION: Hello, I saw your post in the Algorithmic trading group and I would like to get more info about your EA for MT4. Please could you provide that? Thank you
ANSWER: My EA called The Scalping FX is on the MQL5 Market currently. It has 8 years development background by me.
It has very strick a risk control. If you buy the EA you will have max 8 trades. It is suitable for eurusd, gbpusd, USDCHF, and usdjpy. We must use only these pairs and must use together.
In the EA, take profit and stop loss points are hard coded as tp=4.5 pips and stop loss=30 pips. The Reward/Risk ratio=4.5/30=1/6.6
If the EA has a loss for a trading day, it stops to trade for that day and it starts to trade on next day.
If you have a loss, you can recover it with 6.6 profitable trades. That means nearly only a profitable day includes 7-8 trades.
The EA has 4 inputs as follows.
1. Your initial balance
2. Starting time. Must be 8 am
3. Stopping time. Must be 17 pm
4. Your lotsize
I can help you on the calculating of your lotsize according your risk level. I mean according your max daily DD.
If you want to examine my EA on the market, I can give you its link. You can also read more information about my EA.
You can also write me your any current/further questions via here. I will be happy to help you, set your inputs.
Hi all,
I want to share one's of my clients 3 days performance result with you.
He has two losses in many profitable trades. He obtained nearly 10% growth at the end of the 3 days.
Best.
I will share my prop firm journey from day to day in here.The result after the first day, only one hour is as below. 65.40 dollars gain, the target of the first challenge is 8% growth, 400 dollars.I obtained 1.30% with respect to 1% DD for a trade. See you tomorrow...
Lately, your EA has been hitting the stop loss almost every day. And when that happens, you delete the signal account and start a new one. You are becoming a real commercial seller.