Platinum Scalper EA
PlatinumScalper is a scalping EA based purely on price action.
This system does not use indicators, martingales or hedge management. It is based only on price action and is not stuffed with a lot of filters.
The EA trades on M1 timeframe only on XPTUSD only and only on ECN accounts with spread less than 3 pips! It will not trade on non-ECN accounts or bigger spread! I tried using it on Gold, but not every broker gives a good spread.
- Magic = -1 – if less than 0, it calculates a magic number automatically
- OrderCmt = "" – trade comments that appear in the Trade and Account History tabs
- MaxSpread = 30.0 – max allowed spread in points (1/10 pip)
- MaxExecution = 0 – max allowed average execution time in ms (0 means no restrictions)
- MaxExecutionMinutes = 5 – how often in minutes should fake orders be sent to measure execution speed
- AddPriceGap = 0 – additional price gap in points added to SL and TP in order to avoid Error 130
- TrailingStart = 0 – start trailing profit from as so many pips. Default 0
- Commission = 0 – some broker accounts charge commission in USD per 1.0 lot. Commission in points
- Slippage = 3 – maximum allowed slippage in points
- MoneyManagement = TRUE – if TRUE, then calculate lot size automatically based on Risk. If FALSE, then use ManualLotsize below
- MinLots = 0.01 – minimum lot size to trade with
- MaxLots = 1.0 – maximum allowed lot size to trade with
- Risk = 2.0 – risk setting in percentage. For 10.000 in Balance 10% Risk and 60 StopLoss lot size = 16.66
- ManualLotsize = 0.1 – manual lot size to trade with if MoneyManagement above is set to FALSE