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High Low Scalper EA Review
Introduction: The High Low Scalper EA V2.1 is a cutting-edge Expert Advisor designed for MetaTrader 4 and MetaTrader 5 platforms, incorporating a unique trading strategy coupled with a robust money management system. In this article, we delve into the intricacies of this EA, exploring its strategy, system requirements, input parameters, and settings to help traders optimize their forex trading experience.
System Requirements
To unleash the power of High Low Scalper EA, traders need MetaTrader 4 or MetaTrader 5 (build 1340 or later) on a Windows 7/8/10/11 operating system. Additionally, MetaTrader WebRequest functionality must be available and enabled for license verification. It’s crucial to note that the EA is not tested or guaranteed to work on certain platforms, including MetaTrader 5 Beta, custom builds of MetaTrader 4, builds before 1340, macOS, or Linux.
Technical Specifications
Version: 2.1
Terminal: MT4
Year of issue: 2023
Working pairs: EURUSD
Recommended timeframe: M5
Minimum Deposit: $100
Best Brokers List
High Low Scalper EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
High Low Scalper EA Settings
Input Parameters
Traders can exercise complete control over the High Low Scalper EA by adjusting a full set of input parameters. These parameters include the License Key, Money Management settings (Risk Percentage, Risk Margin Mode, Margin Currency Rate), and Signal Generators. While default values are provided, regular optimization with market conditions and broker data is strongly recommended for optimal results. A cautionary note is included, emphasizing the importance of accurate data when using the Strategy Tester to avoid misleading results.
Strategy Overview
High Low Scalper EA’s trading strategy is built upon six internal indicators combined with a strict money management system. Indicators Sig1 and Sig2 generate OPEN signals and STOP LOSS points for six open strategies, as well as CLOSE signals for four strategies. Indicators Sig3, Sig4, and Sig5 contribute to generating CLOSE signals. The article provides in-depth explanations of each indicator, accompanied by the mathematical formulas employed for internal calculations.
Settings and Backtesting
The article highlights the importance of past performance not guaranteeing future results. Backtests conducted on the MetaTrader 5 platform using real tick modeling offer insights into the EA’s performance. Best settings are obtained through Strategy Optimization based on specific input parameters, asset considerations, and recent market conditions. A detailed example of backtesting results for EUR/USD is provided, showcasing parameters, starting balance, total trades, profit percentage, balance drawdown, net profit, and various performance metrics.
Results Analysis
The backtesting results for EUR/USD are thoroughly analyzed, presenting information on history quality, total net profit, gross profit, gross loss, profit factor, recovery factor, and more. Key performance indicators such as Sharpe Ratio, Z-Score, and AHPR are dissected, providing traders with a comprehensive understanding of the EA’s capabilities. The article concludes with a breakdown of trade statistics, including total trades, profit trades, loss trades, and detailed information on consecutive wins and losses.
Conclusion
High Low Scalper EA V2.1 emerges as a powerful tool for forex traders, combining a unique strategy with effective money management. By understanding the system requirements, input parameters, and backtesting results, traders can optimize their use of this Expert Advisor and unlock the potential for consistent profits in the dynamic world of forex trading. Regular parameter optimization and cautious use of the Strategy Tester are emphasized to ensure accurate and reliable results.
Download High Low Scalper EA
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
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