Scalpel EA – EA MetaTrader 4

Author:

ryaz

Description:

An interesting EA that works on GBP pairs and also teaches you how to make your EAs faster

Inputs are:

Parameter

Description

Lots

:+/- standard / %risk

TakeProfit

self explanatory

StopLoss


TrailingStop


cciPeriod

iCCI() bars

cciLimit

+/- iCCI() upper/lower threshold

MaxPos

open positions allowed in one direction

Interval

minutes before sending a new order (o=not used)

Reduce

minutes before reducing TP by one pip (0=not used)

Live

minutes before closing an order regardless profit (0=not used)

Volatility

volatility minute bars (+directional or -non dir.)

Threshold

pip threshold for volatility

FridayClose

the time to close all orders on Friday (0=not used)

Slippage

the slippage for opening or closing an order

Spreadlimit

the maximum spread allowed for opening an order

Magic

self explanatory

Here’s a tester graph for EURGBP M1 3yrs to date

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