The IS Red Scalper EA is an automated trading tool that has been developed for those traders who are interested in scalping the Gold market using Metatrader 4. The IS Red Scalper EA is equipped with a trading algorithm that has been optimized to identify probability trade setups and execute trades, accordingly. The IS Red Scalper EA utilizes some useful indicators to analyze the market and identify trades to be executed.
IS Red EA Strategy
The strategy employed by the IS Red Scalper EA is designed to generate multiple trades throughout the day by utilizing the 1-minute chart. The EA’s algorithm analyzes price action and market trends to identify potential scalping trades, and executes them with precision and speed. With its trading frequency, the IS Red Scalper EA tries to generate trades by taking advantage of even the smallest market movements. This strategy is particularly designed for the Gold market, which is known for its volatile price action and rapid price fluctuations.
IS Red EA Features
- Minimum account balance requirement of $100, according to the developer.
- Performs well with XAUUSD and EURUSD pairs, but can be used with any pair.
- Default settings are for M1 and M5 timeframes.
IS Red EA Settings
- mm true
- risk 1
- default_lot 0.01
- MaxSpread 30.0
- Loto 0.1
- LotM 10.0
- StopLoss 20.0
- TakeProfit 80.0
- MinimumUseStopLevel 10.0
- Volatility Settings 23
- UseDynamicVolatilityLimit true
- VolatilityMultiplier 125.0
- Volatility Limit 180.0
- UseVolatilityPercentage true
- ECN_Mode true
- TradingSettings 0012
- MaxExecution 0
- MaxExecutionMinutes 5
- AddPriceGap 0.0
- TrailingStart 1.0
- Commission 0.0
- VolatilityPercentageLimit 0.0
- UselndicatorSet 134
- UselndicatorSwitch 3
- BBDeviation 1.5
- EnvelopesDeviation 0.07
- OrderExpireSeconds 3600
IS Red EA Summary
Overall, the IS Black Scalper EA is an automated trading tool which allow traders to scalp the Gold market using Metatrader 4. By utilizing a combination of some useful indicators, the IS Black Scalper EA analyzes the market and identifies trades that can be executed with speed and accuracy.
It is important to note that, as with any trading strategy or tool, there is no guarantee of profitability with the IS Black Scalper EA. Traders should always exercise caution and use appropriate risk management techniques when trading with this or any other automated trading system. It is also recommended to use a demo account to test the EA’s performance and ensure that it is suitable for your trading style and risk tolerance before using real funds.
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