The Hamster Scalping EA V20 MT4 is an automated trading system that caters to both scalping enthusiasts and those who appreciate martingale strategies. Whether you’re a seasoned trader or a beginner, this EA provides an interesting blend of features. Let’s dive into the details:
Key Features
- Scalping Mode:
- Designed for quick profits.
- Executes frequent trades to capitalize on short-term price movements.
- Ideal for traders seeking rapid gains.
- Martingale Mode:
- High-risk, high-reward strategy.
- When a trade results in a loss, it doubles the position size (lot) in the subsequent trade.
- Requires careful risk management.
Trading Strategy
The Hamster Scalping EA V20 MT4 employs the following strategy:
- Indicators:
- RSI Indicator:
- Used for entry signals.
- Identifies overbought or oversold conditions.
- ATR-based Filter:
- Enhances precision by considering market volatility.
- RSI Indicator:
- Parameters:
- Period Indicator 1:
- Refers to the period setting for the first indicator (RSI or another custom indicator).
- Up Level / Down Level:
- Thresholds for opening sell (down) or buy (up) positions based on the RSI.
- Period Indicator 2:
- The period setting for the second indicator (ATR-based filter).
- From / To:
- Specifies the range of values for the second indicator that triggers position opening.
- Initial Lot / Autolot:
- Determines the initial lot size or enables automatic lot sizing.
- Max Lot:
- Sets the maximum allowable lot size.
- Take Profit / Stop Loss:
- Configures real take profit and stop loss levels.
- Virtual Take Profit / Virtual Stop Loss:
- Virtual levels for take profit and stop loss.
- Max Orders:
- Limits the number of open orders.
- Trading Hours:
- Defines the time window for trading.
- Wednesday Logic:
- Determines whether the EA trades on Wednesdays.
- End Time Friday:
- Specifies the end time for trading on Fridays.
- Max Spread:
- Sets the maximum allowed spread.
- Statistics Display:
- Enables or disables display of trading statistics.
- Button for Closing Orders:
- Provides a manual option to close orders.
- Period Indicator 1:
Requirements
To maximize the effectiveness of the Hamster Scalping EA V20 MT4, consider the following:
- Fast VPS:
- Use a Virtual Private Server (VPS) with low latency (preferably under 3 milliseconds).
- Good Execution:
- Choose a broker with reliable order execution and low spreads (2-5 points).
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