XMT Scalper EA V2.4 Source Code (MQ4)
Overview
The XMT Scalper EA V2.4 is an algorithmic trading tool written in MetaQuotes Language 4 (MQ4). It aims to capitalize on short-term price movements by executing rapid trades. Before using this EA in live trading, follow these important steps:
- Demo Testing: Always test the EA on a demo account first to understand its behavior and performance.
- Risk Management: Implement proper risk management techniques to protect your capital.
- Strategy Understanding: Familiarize yourself with the EA’s trading strategy.
Key Features
- Strategy: XMT Scalper focuses on scalping – aiming for small profits from quick price fluctuations.
- Timeframe: The recommended timeframe for XMT Scalper is M1 (1-minute). It operates best in fast-paced market conditions.
- Currency Pairs: While it can be used on various currency pairs, consider major pairs like EUR/USD, GBP/USD, or USD/JPY for liquidity and tighter spreads.
Trading Strategy
The XMT Scalper EA employs the following strategy:
- Moving Averages (MA): It uses moving averages to identify trends and potential entry points.
- Bollinger Bands: Bollinger Bands help determine overbought and oversold conditions.
- Volatility Filter: The EA adapts its trading behavior based on market volatility.
- Trailing Stop: XMT Scalper uses a dynamic trailing stop to lock in profits.
Minimum Deposit
- To run XMT Scalper, consider a minimum deposit of $500. However, it’s advisable to start with a larger amount for better risk management.
Additional Information
- Telegram Link: https://mahakaryadigital.com
- Download the Source Code MQ4: You can download the Better Trend Trading Source Code MQ4 from our website: https://mahakaryadigital.com/product/xmt-scalper-ea-v2-4-source-code-mq4/
Remember, successful trading involves risk management, proper position sizing, and continuous learning. Use the Better Trend Trading Indicator as part of a comprehensive trading strategy.
