Biohazard Scalper EA: Unleashing Profit Potential

Introduction

The Biohazard Scalper EA is an advanced trading robot designed to capture quick scalping opportunities in the forex market. Whether you’re a seasoned trader or a newcomer, this EA offers a unique blend of technical indicators to enhance your trading experience.

Key Features

• Strategy: Trend-following scalping system
• Compatible Platforms: MT4 (MetaTrader 4)
• Pairs: Works on major forex pairs
• Timeframes: Specifically optimized for M1 and M5

How It Works

The Biohazard Scalper EA combines two essential indicators:

1. Bollinger Bands (BB)

• Purpose: Identifies market volatility and establishes upper and lower price boundaries.
• Volatility Detection:
  • Bands widen during high volatility, signaling potential price movements.
  • Bands narrow during low volatility, indicating potential price consolidation.

2. Relative Strength Index (RSI)

• Purpose: Measures trend strength and detects overbought or oversold conditions.
• Confirmation:
  • RSI confirms trends identified by Bollinger Bands.
  • Sell Trade: Price breaks above the upper Bollinger band, and RSI is above 70.
  • Buy Trade: Price breaks below the lower Bollinger band, and RSI is below 30.

Important Considerations

• Market Conditions:
  • BB and RSI may not perform optimally during low volatility periods.
  • Slippage and spread widening risks exist, especially during high market volatility or low liquidity.

Recommended Settings

• Lot Size: Default value is 0.0 (fixed lot size per trade).
• Lot per 1000: Default value is 0.5 (lot size per $1000 in account balance).
• MinLots: Default value is 0.05 (minimum lot size allowed).
• MaxLots: Default value is 0.05 (maximum lot size allowed).
• BB Period: Default value is 23 (number of periods for Bollinger Bands calculation).
• RSI Period: Default value is 18 (number of periods for RSI calculation).
• MagicNumber: Default value is 29500 (identifies trades opened by the EA).

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀

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