Wall Street Scalper EA V2.2
The Wall Street Scalper EA V2.2 is an advanced trading tool that leverages Artificial Intelligence (AI) to execute scalping strategies. It focuses on short-term price movements in the US Wall Street 30 index (US30). Unlike risky methods such as grid trading, martingale, or topping up, this EA follows a disciplined approach with strict risk management. Let’s dive into the details:
Key Features:
- Strategy: The Wall Street Scalper EA V2.2 follows a scalping strategy, aiming to profit from short-term price movements.
- Indices: Primarily optimized for the US Wall Street 30 index (US30).
- Timeframe: While it can operate on timeframes from M5 to H1, the recommended timeframe is M15.
- Deposit: The minimum deposit required is $100, but we recommend starting with $500 for better risk management.
- Lot Sizes: The EA calculates lot sizes automatically based on the Profit/Risk ratio. You can also set a fixed lot size if desired.
- Risk Management: Each trade includes a Stop Loss and Take Profit, ensuring controlled risk exposure.
- Broker Selection: Use a broker with a low spread for optimal performance.
- Demo Testing: Before using it on a live account, test the EA on a demo account for at least 12 weeks to ensure compatibility with your broker.
Trading Strategy:
The Wall Street Scalper EA V2.2 employs a disciplined approach to scalping. Here’s how it takes trades:
- Trade Direction: The EA determines the trade direction (buy or sell) based on market conditions.
- Max Orders: It limits the maximum number of orders open simultaneously.
- Spread Protection: Set the normal spread value of your broker to avoid unfavorable conditions.
- News Filter: Optionally, you can enable the News Filter to avoid trading during major news events.
- Profit/Risk Ratio: The automatic lot size calculation considers the desired Profit/Risk ratio.
- Drawdown: Be aware that scalpers may experience drawdown periods of up to 30% when aiming for higher Profit/Risk ratios.
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