Supreme Scalper EA V1.0 M4
Strategy Overview
- Minimum Deposit: $500
- Timeframe: M5 to H1
- Currency Pair: GBP/USD
- Platform: MetaTrader 4 (MT4)
- Strategy Type: Scalping
How the EA Works
- Pending Orders: The Supreme Scalper EA V1.0 M4 exposes two pending orders: a buy stop and a sell stop. These orders are placed at a set distance from the current price.
- News Reaction: During sharp market movements or news events, the pending orders may become market orders.
- Trailing Stop: The EA uses a trailing stop to protect profits.
- Dynamic Order Management: It adjusts the buy stop and sell stop distances (typically 50 to 200 points) and moves them behind the price within a specified time frame (5 to 30 seconds).
- Order Deletion: If there’s a sharp movement, one order works while the other is deleted.
- Stop Loss (SL) and Take Profit (TP) levels are implemented.
Example Trade Scenario
- The Supreme Scalper EA identifies a potential scalp opportunity on the GBP/USD pair.
- It places a buy stop order above the current price and a sell stop order below the current price.
- If the price moves sharply upward, the buy stop order becomes a market order.
- The EA trails the stop loss and adjusts the orders as needed.
- Once the profit target is reached or the market reverses, the EA closes the position.
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Additional Resources
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