Description
Hamster Scalping EA V4 MT4: The Ultimate Tool for High-Precision Forex Trading
The Hamster Scalping EA V4 for MetaTrader 4 (MT4) is a fully automated trading advisor designed to capitalize on short-term price fluctuations in the forex market. Developed by Ramil Minniakhmetov, this Expert Advisor (EA) uses a combination of the Relative Strength Index (RSI) and an Average True Range (ATR) filter to identify optimal entry and exit points. It offers two modes: a regular scalping mode and an aggressive martingale mode, catering to different trading styles and risk appetites.
Key Features
- Platform: MetaTrader 4 (MT4)
- Minimum Deposit: $100
- Timeframe: Optimized for M1 (1-minute), but can also trade effectively on M5 (5-minute) and M15 (15-minute) charts
- Currency Pairs: Primarily major pairs like EUR/USD, GBP/USD, and USD/JPY
- Lot Sizes: Adjustable based on account balance and risk preference
Strategy Overview
The Hamster Scalping EA V4 employs a scalping strategy, aiming to profit from numerous small price movements. Here’s a detailed look at how it operates:
- Indicators Used: RSI and ATR
- Entry Criteria:
- RSI indicates overbought or oversold conditions
- ATR confirms volatility spikes
- Exit Criteria:
- Take Profit and Stop Loss levels are set based on ATR
- Virtual Take Profit and Stop Loss options available
Trading Modes
- Scalping Mode: Focuses on quick, small gains by entering and exiting trades rapidly.
- Martingale Mode: Increases trade size after a loss to recover losses quickly, but comes with higher risk.
Detailed Strategy Breakdown
- Initial Setup:
- Deposit: $100 minimum
- Timeframe: M1 (1-minute)
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY
- Lot Sizes: Start with micro lots (0.01) and adjust based on account balance
- Entry Logic:
- RSI Indicator: Identifies overbought (above 70) and oversold (below 30) conditions
- ATR Filter: Confirms sufficient market volatility for trade entry
- Trade Management:
- Take Profit: Set based on ATR, ensuring realistic profit targets
- Stop Loss: Also ATR-based, to protect against significant losses
- Virtual Take Profit/Stop Loss: Optional settings for more flexible trade management
Advantages
- Fully Automated: No manual intervention required
- Versatile: Suitable for different timeframes and currency pairs
- Customizable: Adjustable lot sizes and risk parameters
Contact and Download Information
- Telegram: Join our Telegram group
- Download: Get the EA from our website
- Contact: @fxcrackedadmin
Conclusion
The Hamster Scalping EA V4 MT4 is a powerful tool for traders looking to capitalize on short-term market movements. With its dual-mode functionality, it caters to both conservative scalpers and aggressive martingale traders. By leveraging the RSI and ATR indicators, it ensures precise entry and exit points, making it a valuable addition to any trader’s arsenal.
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