VelociGrid EA V3.14 MT4: The Ultimate Scalping Expert Advisor
VelociGrid EA V3.14 is a powerful expert advisor designed specifically for MetaTrader 4 (MT4) platform users, offering a scalping strategy that thrives in volatile market conditions. The EA is tailored to optimize performance by capitalizing on short-term price fluctuations, ensuring frequent and precise entries. With an emphasis on rapid trades, VelociGrid EA is perfect for traders who seek consistent gains in active trading sessions, especially during peak market hours.
Recommended Settings
- Risk Level: Adjust the risk percentage according to your preference, but the ideal range is between 1-2% of your account balance per trade.
- Lot Size: It is advisable to start with micro lots (0.01) for accounts with a lower balance, gradually increasing as the account grows.
- Stop Loss and Take Profit: Suggested stop loss is between 10-20 pips, while the take profit should range from 10-30 pips for optimal performance.
- Trailing Stop: Enable trailing stop to lock in profits when the trade moves in your favor.
- News Filter: Activate the news filter to avoid trading during high-impact economic events, which can lead to unpredictable market movements.
- Minimum Deposit : $250
- Optimal Time Frames : M5,M15
- Preferred Currency Pairs : GBPUSD and USDJPY
Strategy
- VelociGrid EA V3.14 utilizes a scalping strategy that focuses on short-term price movements. It employs a grid-based trading approach, where trades are placed at regular intervals as the price fluctuates. The EA opens multiple positions at different levels, enabling it to capture profits from both minor and significant market swings.
- The grid strategy ensures that trades are executed in both trending and ranging market conditions, offering maximum flexibility. Additionally, the EA uses a combination of technical indicators such as moving averages, RSI, and Bollinger Bands to determine entry and exit points, enhancing the accuracy of its trades.
- Moreover, the VelociGrid EA is equipped with an advanced money management system, which adjusts the position size based on account equity, ensuring that no trade exposes the account to excessive risk. It also includes a volatility filter that prevents trading during extreme market conditions, thereby protecting the account from unnecessary drawdowns.
- Overall, VelociGrid EA V3.14 provides a comprehensive, automated solution for traders who want to capitalize on frequent market movements without manually monitoring charts. The built-in risk management tools and scalping strategy make it a reliable choice for those looking to enhance their trading efficiency.
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