The Multi Lot Forex Scalper MT4 expert advisor opens up to 10 trading positions in the same trend direction to maximize scalper profits.
The robot uses MACD trade logic to buy and sell pairs.
MACD Basic Trade Logic
- Open a buy if MACD (14, 26, 9) trades back above the zero level from below. The trend is bullish.
- Open a sell if MACD (14, 26, 9) trades back below the zero level from above. The trend is bearish.
The expert advisor works better when applied to the higher time frames.
Use it on the following currency pairs: EUR/USD, GBP/USD, USD/CHF and USD/JPY.
Default EA settings:
Take profit:40, lots:0.1, trailing stop loss: 40
All default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the Multi Lot Forex Scalper expert advisor for MT4 first on a demo account before going live with it.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report the Multi Lot Forex Scalper expert advisor.
Strategy Tester Performance Highlights
The Multi Lot Forex Scalper MT4 robot made a total profit of $489918 from 6261 trades during the test period.
The largest winning trade generated $13312.00 in profits, while the biggest losing trade lost -$1909.76.
See the test results report above for all details.
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Lots, take profit, trailing stop, stop loss, secure profit, reverse condition, risk, max trades
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: MACD
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.