Biohazard Scalper EA is an automated trading system that uses BB and RSI and works on major forex pairs on the MT4 platform. The EA isn’t available on the MQL marketplace, and you have to buy it from third-party sources.
In this article, we’ll look at the Biohazard Scalper EA, how it works, its strategy, features, and settings.
Biohazard Scalper EA Strategy
The Biohazard EA is a trend-following scalper system that works on all forex pairs on M1 and M5 timeframes.
The EA uses a combination of Bollinger bands and RSI indicators to identify potential trade setups.
The Bollinger bands indicator is used to identify market volatility and establish the upper and lower boundaries of the price range.
In the Biohazard Scalper EA strategy, the Bollinger bands are used to identify volatility in the market. The bands will widen when the market is experiencing high volatility, indicating a potential price move. Conversely, the bands will narrow when the market is experiencing low volatility, indicating a potential price consolidation.
The RSI indicator is used to identify the trend’s strength and determine whether the market is overbought or oversold. The RSI is used to confirm the trend identified by the Bollinger bands.
The EA will enter a sell trade when the price breaks above the upper Bollinger band and the RSI is above 70. Conversely, the EA will enter a buy trade when the price breaks below the lower Bollinger band and the RSI is below 30.
It’s important to note that BB and RSI may not work properly during periods of low volatility. Additionally, since the EA is a scalping system, it may be susceptible to slippage and spread widening, especially during high market volatility or low liquidity.
Biohazard Scalper EA Features
- The EA works on all forex pairs.
- It uses Bollinger Bands and RSI for its strategy.
- The EA works only on M1 and M5 timeframes.
Biohazard Scalper EA Settings
- Lot size – The default value is 0.0. This determines the fixed lot size used for each trade.
- Lot per 1000 – The default value is 0.5. The EA will use a lot size of 0.5 for every $1000 in the account balance.
- MinLots – The default value is 0.05. It means that the EA will not enter trades with lot size smaller than 0.05.
- MaxLots – The default value is 0.05. The EA will not enter trades with a lot larger than 0.05.
- BB period – The default value is 23. It mentions the number of periods used to calculate the Bollinger bands.
- RSI period – The default value is 18. It determines the number of periods used to calculate the RSI.
- MagicNumber – The default value is 29500. It is used to identify trades opened by the EA.
Biohazard Scalper EA Summary
The Biohazard Scalper EA is a trend-following scalping system that uses Bollinger bands and RSI indicators to identify potential trade setups. While it can be used on all timeframes and forex pairs, its performance may vary based on market conditions and specific settings.
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