Choppa EA: Unveiling the Scalping Strategy

Overview:

Choppa EA operates as a scalping strategy-based Expert Advisor. Its mission? To identify short-term trading opportunities by combining technical indicators and price action analysis. Let’s explore its key features:

1. Market Scanning:
   • Choppa EA scans the market in real-time, seeking potential trades.
   • It aims to capitalize on quick price movements.
2. Technical Indicators:
   • The EA leverages a combination of indicators, including:
     • Relative Strength Index (RSI)
     • Parabolic SAR
     • Exponential Moving Averages (EMA)
     • Simple Moving Average (SMA)
     • Average Directional Movement Index (ADX)
3. Trading Pairs:
   • Choppa primarily focuses on trading indices:
     • US30 (DOW30/DJI)
     • US100 (USTECH)
   • It occasionally ventures into currency pairs like:
     • GBPUSD
     • EURUSD
   • And even commodities like:
     • XAUUSD (Gold)

Risk Management:

• Choppa EA avoids risky strategies like martingale and grid systems.
• Each trade is protected by predefined stop loss and take profit levels.
• Recommended minimum account balance: $100.

Time Frames:

• Choppa EA performs well on the M5 time frame.
• The lower the time frame, the higher the trade amount.

Deployment:

• Run Choppa EA 24/7 on a reliable VPS (Virtual Private Server) for stable results.
• Opt for a low spread ECN account for optimal performance.

You can learn more on

yoforex.org

fxcracked.org

forexfactory.cc

yoforexea.com

mql5.software