newdigital

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.

This is backtesting for 4 days with minimum risk with settings: