The Punisher Scalper EA is an automated trading software that utilizes an algorithm to search and analyze the market for local highs and lows. This expert advisor is designed to execute trades on behalf of the user, where it tries to scalp price movements. By using a breakdown mechanism, the Punisher Scalper EA tries to identify trades for entry and exit points in volatile market conditions.
Punisher Scalper EA Strategy
The Punisher Scalper EA’s strategy is built around the concept of identifying and local extrema in the market. A local extremum is a point on a function where the value of the function is at its highest (local maximum) or lowest (local minimum) in the surrounding area. These points are also known as critical or stationary points because the derivative of the function is equal to zero at these points. It’s essential to note that a local extremum is only valid within the proximity of the point and not necessarily across the entire function domain.
The Punisher Scalper EA uses an algorithm to identify local extrema in the price action of a given currency pair. By identifying these critical points, the software tries to enter and exit trades. The breakdown mechanism of the EA tries to execute the trades on time.
Punisher Scalper EA Features
- The Punisher Scalper EA does not utilize risky methods such as martingale, grid, or HFT.
- The EA executes a moderate number of trades each day, ranging from 2 to 6.
- Pending orders and trailing stops are utilized to enter and exit trades.
- All trades are executed with a small Stop Loss and Take Profit.
- The EA can be configured to use either a fixed lot or an auto-lot, which increases the size of transactions automatically based on specified criteria.
- The Punisher Scalper EA is optimized for trading on currency pairs such as EURUSD, USDJPY, GBPUSD, and XAUUSD, and is recommended by the developer to be run on all four pairs.
- The EA is designed to work best on the M30 timeframe, although it can be used on all timeframes.
Punisher Scalper EA Settings
- ExpertName Punisher SCALPER EA v8.00
- ZZ —– Parametre ZigZag —–
- ExtDepth 18
- ExtDeviation 5
- ExtBackstep 3
- filter =========Variable Filter=========
- ICC ICC
- period_CC 14
- applied CC Close price
- Level_buy -80
- Level_sell 80
- R RSI
- period_Rsi 14
- applied Close price
- par —– Business parameters ——-
- TP_buy 1000
- SL_buy 100
- TP_sell 1000
- SL_sell 100
- TRAL –Parametre TrailingStop —
- TrailingStop 50
- TrailingStep 50
- fr_tr —– TrailingStop With fractel ——-
- TrailingStopFr false
- mm —– Money Managment ——-
- Lots 0.01
- MM false
- risk 15.0
- cl — Closing and deleting your order Friday —
- Friday true
- Time_End 18:00
- End hour false
- hour 21
- slippage_auto autoslippage = active
- Max SPREAD 28
- Magic Number 54411
Punisher Scalper EA Summary
Overall, the Punisher Scalper tries to scalp price movements by utilizing an algorithm to search for local highs and lows in the market. The strategy of the EA is built around the concept of identifying local extrema, which are critical points on a function where the value of the function is at its highest or lowest in the surrounding area. The EA uses an algorithm to identify these points and execute trades accordingly.
It is important to note that there is no guarantee of profit with the Punisher Scalper EA and traders should use caution when trading with automated software. The developer recommends using a demo account to test the EA’s performance before using it in a live trading environment.
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