Virtual Trendline Scalper EA V3.4 MT4

Strategy Overview:
- The Virtual Trendline Scalper EA uses a combination of virtual trades within trendlines before executing real trades in optimal positions.
- It aims to capitalize on short-term price movements by identifying trendline breakouts and reversals.
- The EA is particularly active, making frequent trades.
4 days to pass MyForexFunds phase 1 evaluation
Minimum Deposit:
- To use this EA effectively, a minimum deposit of $500 USD is recommended.
Timeframes:
- The EA can be applied across various timeframes:
  - 1-minute (risky): For aggressive traders willing to take quick trades.
  - 5-minute, 15-minute, and 30-minute: Suitable for different trading styles and risk preferences.
Supported Currency Pairs:
- Based on live performance, consider trading the following currency pairs:
  - EURUSD
  - AUDUSD
  - CHFJPY
  - EURGBP
  - GBPCHF
  - GBPJPY
  - NZDJPY
  - NZDUSD
  - NZDCHF
  - USDCAD
  - USDCHF
Trade Execution:
- The EA identifies potential trade setups using virtual trendlines.
- It waits for favorable conditions before opening real positions.
- Different magic numbers are assigned to trades on separate charts.

Risk Management:
- Starting lot: Determines the initial position size.
- Multiplier Martingale: Controls position sizing for subsequent trades.
- Min Distance in pips: Sets the minimum distance between trades.
- Stop Loss in Pips: Defines the stop loss level.
- Max Lot Martingale: Limits the maximum position size.
- Max Sells and Max Buys: Restricts the number of simultaneous trades.
- Min TP in money: Specifies the minimum take profit in monetary terms.
- After X positions enable overlap: Closes losing positions with winning ones after a specified number of trades.
- Close all if loss is greater than minus x money: Safeguards against excessive losses.
Additional Features:
- Min TP for 1 position in pips: Sets the minimum take profit for individual trades.
- Double Overlap: Allows closing two winning positions with one losing position.
Telegram Group:
- Join our Telegram group for updates and discussions: https://mahakaryadigital.com Telegram.
Download:
- You can download the EA from our website: https://mahakaryadigital.com/product/virtual-trendline-scalper-ea-v3-4-mt4/

Remember that trading involves risks, and it’s essential to thoroughly test any EA on a demo account before using it in live trading.

Product Detail