Bullra
Новичок
Description
A volatility-based trading strategy aims to capitalize on market sudden price spikes or reversals. Theoretically, this expert advisor should be wildly profitable because sudden price movements trigger other pending orders, which further accelerate the price into the movement direction. However, during live trading the EA has to fight variable spreads, connection lag, slippage, requotes and many other factors which can (and often do) tilt the payoff against the trader.
Features
Configurable Volatility Requirements
Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
Money Management (Default risk is 2%)
Configurable trading hours
ATR-Based SL, TP and TS
The default parameters are good to trade EURUSD with any decent ECN-Broker.
Is this Free MT4 Scalper EA profitable?
Theoretically, it should be profitable for most low-spread forex pairs. However, the profitability of the strategy is directly related of the expectancy of each trade, which depends on the following factors. The failure of any single one of them can tilt the payoff to negative numbers.
Spread and slippage
The spread and the slippage are substracted directly from the mathematical expectancy of the trade. It can be the difference between earning 3pips or losing 2pips per trade. Whenever there is a volatility spike, the spread is likely to skyrocket because if not, the broker wouldn't be able to fill orders at a profit. So, make sure to pick a top-notch fixed-spread broker.
The stoplevel
A high stoplevel undermines your hability to secure profits and trail the stop-loss effectively. If this were the case, the take-profit should be tightened considerably.
Connection lag
A slow internet connection will cause you to take late trades and increase the amount of requotes. You need a very fast internet connection to trade a volatility-based expert advisor.
Requotes
A good amount of trades will be rejected by the broker, which won't be able to fill all your orders with acceptable slippage. These are usually the most profitable trades.
Can my broker ban my account for being profitable?
Yes, a shady broker can. If you manage to overcome all the problems in the list above and your account grows beyond the liking of the broker, your account can be closed. Make sure that the broker you intend to use accepts scalping expert advisors. However, a decent broker would simply decrease your leverage and let you trade.
Distribution and Installation
The binary is encrypted to prevent theft or fraud. Please read the installation file.
_http://www.pointzero-trading.com/FreeMetatraderDownloads/view/23
A volatility-based trading strategy aims to capitalize on market sudden price spikes or reversals. Theoretically, this expert advisor should be wildly profitable because sudden price movements trigger other pending orders, which further accelerate the price into the movement direction. However, during live trading the EA has to fight variable spreads, connection lag, slippage, requotes and many other factors which can (and often do) tilt the payoff against the trader.
Features
Configurable Volatility Requirements
Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
Money Management (Default risk is 2%)
Configurable trading hours
ATR-Based SL, TP and TS
The default parameters are good to trade EURUSD with any decent ECN-Broker.
Is this Free MT4 Scalper EA profitable?
Theoretically, it should be profitable for most low-spread forex pairs. However, the profitability of the strategy is directly related of the expectancy of each trade, which depends on the following factors. The failure of any single one of them can tilt the payoff to negative numbers.
Spread and slippage
The spread and the slippage are substracted directly from the mathematical expectancy of the trade. It can be the difference between earning 3pips or losing 2pips per trade. Whenever there is a volatility spike, the spread is likely to skyrocket because if not, the broker wouldn't be able to fill orders at a profit. So, make sure to pick a top-notch fixed-spread broker.
The stoplevel
A high stoplevel undermines your hability to secure profits and trail the stop-loss effectively. If this were the case, the take-profit should be tightened considerably.
Connection lag
A slow internet connection will cause you to take late trades and increase the amount of requotes. You need a very fast internet connection to trade a volatility-based expert advisor.
Requotes
A good amount of trades will be rejected by the broker, which won't be able to fill all your orders with acceptable slippage. These are usually the most profitable trades.
Can my broker ban my account for being profitable?
Yes, a shady broker can. If you manage to overcome all the problems in the list above and your account grows beyond the liking of the broker, your account can be closed. Make sure that the broker you intend to use accepts scalping expert advisors. However, a decent broker would simply decrease your leverage and let you trade.
Distribution and Installation
The binary is encrypted to prevent theft or fraud. Please read the installation file.
_http://www.pointzero-trading.com/FreeMetatraderDownloads/view/23
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