Crazy Scalper Advisor
It is no secret that most traders try to create advisors for a specific trading
strategy, which, as usually happens in practice, has weaknesses.
The developers of the Crazy Scalper expert tried to look at trading from a different angle, since they were simply not satisfied that at the moment when the price goes in the opposite direction, they only lose money and do not earn money.
Based on such statements, an expert was created that uses a scalping trading strategy, according to which it simultaneously opens orders in two directions. Thus, the advisor takes profit from the market with any price movement.
If the price moves in the opposite direction, a locking order is triggered, which is executed using buy stop and sell stop orders
The Expert Advisor is designed for trading on the euro/dollar, pound/dollar currency pair on a five-minute chart. But as you might have already guessed, judging by the description of the position entry algorithm, the advisor can be reconfigured for trading on any currency pair.
Before you start, Crazy Scalper must be installed in the Meta Trader 4 trading terminal. To do this, download the archive with the expert inside and, through the file tab, enter the data directory and place it in the expert folder.
The next step is to restart the trading platform so that the advisor appears in the list of experts. Next, simply enter the list of advisors and drag Crazy Scalper onto the euro/dollar currency chart on a five-minute time frame. A settings window will appear in front of you, which we will talk about below:
The developers of the Expert Advisor have revealed all possible settings, so I will briefly talk about some of them.
In the trade line you can allow or deny trading to the expert. If at the moment when the adviser has opened a series of orders you forbid him to trade, then he will close all orders and will not open new ones.
In the Lock_Level line you can specify after how many points averaging begins. The koef_lock function is responsible for the lot multiplication coefficient for averaging losses.
In the TakeProfit line you can set the profit in points from the last order in a series of open ones. In the AV_Level line you can limit the size of the grid in points.
In the OR_Level line you can specify the distance in points for a pending order during averaging. In the Lot_step line you can set the order multiplier when the martingale is triggered.
The Lot setting is responsible for the initial lot that the expert will start trading with. The EA also has the ability to limit the EA's trading by time.
To do this, in the StartHour line, set the time when the advisor can start trading, and in the EndHour line, set the end time of the expert's work.
I decided to conduct the first test of the advisor in the strategy tester on the euro/dollar currency pair with default settings. Testing was carried out on a five-minute chart from January 1, 2015 to July 25, 2015. You can see the test result in the picture below:
The expert managed to earn 100 percent of the deposit in such a short test period. Inspired by this result, I decided to conduct a second test on the pound/dollar currency pair on a five-minute chart. All settings and test dates remained as before. The test result is shown in the picture below:
On the pound, the expert behaved a little worse, because the drawdown exceeded the profit, which amounted to 50 percent. I also conducted an expert test on the euro/pound pair, the result of which you can find below:
Finally, I want to tell you that the expert is too aggressive, so you must understand that by trusting the account to him, you are ready to lose 100 percent of the funds on it.
Download the Crazy Scalper advisor