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Scalping: Very interesting scalping EA: Angry Bird (Scalping)

Rating: 3 votes, 5.00 average.
by , 02-05-2016 at 06:16 PM (6569 Views)
      
   
Very interesting scalping EA: Angry Bird (Scalping) - expert for MetaTrader 4

Some people say that this EA looks like 'modified Ilan1.6' in trading but with more secure feature concerning deposit and so on having the following:

  • MaxTrades parameter (how many simultanious trades can be opened),
  • LotExponent: this is lot multiplier for martingale (I prefer 1.4 instead of default 2.0 for example),
  • TakeProfit in points (in case of 5 digit price which as 1.09635 so TakeProfit = 20 is 2 pips),
  • UseEquityStop parameter to stop trading with TotalEquityRisk (TotalEquityRisk = 20 by default),
  • UseTimeOut: close all the trades after MaxTradeOpenHours (I prefer to use UseTimeOut - I mean: EA will close all the trades after MaxTradeOpenHours = 5 hours).

This is the description from the author:

It is EA with features that are very sensitive to movement is equipped with other features including:

  • Equity stop;
  • Tralling Stop;
  • Equity Risk Management;
  • Time Out Use;
  • Max Trade open Hours and others.

Rule: Use Pair With Minimal spreads, one I use EUR / USD With Time Frame 1 Minute.
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This is backtesting for 4 days with minimum risk with settings:

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