HighScalpel EA is an Expert Advisor (EA) designed for high-frequency and precision scalping strategies. It is a sophisticated trading tool that uses a series of strict filters to ensure that trades are opened only in optimal market conditions. The EA’s settings reflect a carefully optimized system that aims to balance profit potential with risk control, making it a great tool for traders who want to capitalize on short-term market movements.
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Key Trading Parameters
- Magic Number (333) – A unique identifier that ensures trades opened by this EA are managed independently from other Expert Advisors running on the same account.
- Risk (1.0) – Defines the percentage of account equity risked per trade. A setting of 1% provides controlled risk exposure, making it relatively safe for small and medium accounts.
- Lot Size (0.1) – The fixed trading volume. In this case, 0.1 lots per trade, suitable for medium-sized accounts.
- Lot Digits (2) – Adjusts how the EA handles brokers with fractional lot sizes (e.g., 0.01 lots).
Execution and Order Management
- Max Spread (30.0) – The EA will only open trades when the spread is below 30 points (3 pips), which helps avoid high-cost entries during volatile sessions.
- Take Profit (50.0 pips) – Fixed profit target per trade, ensuring consistent profit capture.
- Stop Loss (10.0 pips) – Tight stop loss placement, aligning with scalping strategies that rely on quick market movements.
- Trailing Start (10.0) – Activates the trailing stop once profit reaches 10 pips, locking in gains while letting trades run further.
- Commission (0.0) – Assumes a zero-commission environment, although real accounts may need adjustments.
- Slip Page (3) – Maximum slippage tolerance of 3 points, minimizing losses from poor execution.
Volatility and Execution Filters
- Volatility Multiplier (11.0) – Determines trade sensitivity to market volatility. A higher value means the EA adapts better during fast price movements.
- Volatility Percentage Limit (60.0) – Restricts trades when volatility exceeds 60%, protecting the account during erratic market spikes.
- Order Expire Seconds (3600) – Pending orders will be cancelled after 1 hour if not executed, avoiding outdated entries.
- Max Execution Minutes (0) – No limit on execution time, leaving full flexibility.
- Max Execution (0) – Unlimited execution attempts for orders, ensuring no missed opportunities.
Broker Protection Settings
- Min Stops Level (12) – Ensures compatibility with brokers that require a minimum stop level distance from entry.
- Min Freeze Level (12) – Prevents modifications to orders too close to market price, reducing broker rejections.
Conclusion
The HighScalpel EA settings reflect a carefully optimized scalping system designed for short-term precision trading. With a tight stop loss (10 pips), moderate take profit (50 pips), and strict spread/volatility filters, the EA aims to balance profit potential with risk control. The inclusion of trailing stop and volatility management ensures adaptability to different market conditions.
