CITY ScalperX2 EA With Source Code

Description

CITY ScalperX2 EA With Source Code: Master the Market with Precision Scalping

CITY ScalperX2 EA is a high-performance Expert Advisor designed for MetaTrader 4, featuring open-source MQ4 code. This EA excels in scalping, taking advantage of short-term market movements to generate consistent profits. It’s compatible with various brokers and adaptable to multiple timeframes.

Recommended Settings

To optimize the performance of CITY ScalperX2 EA, use the following settings:

• Symbols: GBPUSD, GBPJPY, EURUSD
• Timeframes: M30, M15, M5
• Brokers: Compatible with any broker
• Minimum Deposit: $100

Key Features:

• Automated Scalping: Executes high-frequency trades with minimal manual intervention.
• Versatile Compatibility: Works with multiple brokers and adaptable to various timeframes.
• Advanced Indicators: Employs cutting-edge technical indicators for precise market analysis.
• Risk Management: Robust risk management protocols to safeguard investments.
• Customizable Settings: Fully adjustable parameters to match individual trading styles.
• Source Code Access: Open-source MQ4 code for customization and transparency.

Strategy:

CITY ScalperX2 EA employs a strategic approach focused on rapid trade execution, leveraging short-term market inefficiencies.

1. Market Analysis:
   • Technical Indicators: Utilizes a combination of moving averages, Bollinger Bands, and RSI to identify optimal trading opportunities.
   • Volatility Detection: Analyzes market volatility to select the best times for scalping.
2. Entry Signals:
   • Trend Confirmation: Confirms trends using moving averages to ensure trades align with the market direction.
   • Price Action: Monitors price action near Bollinger Bands to detect overbought or oversold conditions.
   • RSI Levels: Uses RSI to validate potential reversal points for trade entries.
3. Trade Execution:
   • Rapid Execution: Quickly opens and closes trades to capture small price movements.
   • Stop Loss and Take Profit: Each trade includes predefined stop loss and take profit levels to manage risk and lock in profits.
4. Risk Management:
   • Position Sizing: Calculates optimal position sizes based on account equity to minimize risk.
   • Dynamic Adjustments: Adjusts trade volume according to current market conditions and account balance.
5. Exit Strategy:
   • Predefined Levels: Trades are closed when they reach the predefined stop loss or take profit levels.
   • Trailing Stop: Employs a dynamic trailing stop to maximize profits as the market moves favorably.