Description

Leopard Scalper EA V1.4 MT4

The Leopard Scalper EA V1.4 is a sophisticated Expert Advisor (EA) designed for MetaTrader 4 (MT4), specifically optimized for trading GOLD (XAUUSD) on the M5 (5-minute) timeframe. Below is a detailed overview of its key features, operational parameters, and trading strategy:

Key Features:

• Platform Compatibility: MetaTrader 4 (MT4)
• Currency Pair: XAUUSD (GOLD)
• Timeframe: M5 (5-minute chart)
• Minimum Deposit: $100 (recommended $500+)
• Leverage: 1:100 or higher
• Broker Type: ECN, Raw Spread, Zero Account
• VPS Hosting: Strongly recommended for uninterrupted trading

Trading Strategy:

The Leopard Scalper EA employs a multi-faceted approach to identify and execute trades with high precision:

• Core Strategy – Bollinger Bands: Utilizes Bollinger Bands to pinpoint key price entry points, capitalizing on market volatility.
• Supporting Indicators: Incorporates additional technical indicators such as Stochastic, RSI, ADX, and custom-calculated Supply and Demand zones to confirm trade signals and enhance accuracy.
• Dynamic Risk Management: Automatically adjusts lot sizes based on account equity and user-defined risk settings, ensuring scalability and effective risk control as the account balance fluctuates.
• Advanced Trade Management: Features a robust stop-loss and trailing stop mechanism, acting as a breakeven feature to secure profits. If the price retraces after moving favorably, the trailing stop follows the price dynamically, locking in gains.
• News Trading Feature: Includes a unique news trading capability. When activated, it opens both buy and sell positions 10 seconds before major news events, allowing the EA to leverage market volatility. Trailing stops adjust dynamically as the price moves, and the EA continues to open new positions if the market swings in both directions.
• Manual and Automatic Trading: Offers flexibility for traders to engage in manual trading using integrated Buy/Sell buttons or to allow the EA to operate autonomously. All risk and trade management tools remain active in both modes, ensuring capital protection. However, minimizing manual interference is advised for optimal results.
• Automated Buy/Sell Control: Provides additional controls to enable or disable automated Buy and/or Sell trades, granting users full control over trend-following strategies. This feature allows traders to toggle automatic trend-based orders on or off as desired, offering adaptability to various market conditions.
• Trading Conditions Monitoring: Equipped with built-in protections to prevent trading under unfavorable market conditions. The EA refrains from placing trades if the spread is too high or market volatility is too low, conditions that are clearly displayed on the chart for user awareness.

Operational Parameters:

• Risk Management Settings:
  • Risk in % of Free Margin: Defines the percentage of free margin to risk per trade.
  • Slippage Value: Sets the acceptable slippage for trade execution.
  • Stop Loss and Trailing Stop: Configurable in points to manage risk and secure profits.
• Trade Limits:
  • Max Buy/Sell Orders: Limits the maximum number of open buy or sell orders simultaneously.
  • Minimum Number of Candles Between Positions: Specifies the minimum number of candles between opening new positions to avoid overtrading.
• Trading Sessions Configuration:
  • Allows setting up to 5 different trading time intervals, enabling trading during preferred market sessions.
• News Filter:
  • Option to enable or disable trading around news events, with settings to initiate trades shortly before major news releases.

Performance Metrics:

• Win Rate: Approximately 96.88%, indicating a high probability of successful trades.
• Profit Factor: 86.93, reflecting the EA’s ability to generate profits relative to losses.
• Drawdown: 68.12%, highlighting the importance of effective risk management and adherence to recommended settings.

Recommendations for Use:

• Initial Setup: Begin with a minimum deposit of $100; however, a starting balance of $500 or more is recommended for optimal performance.
• Broker Selection: Choose brokers offering ECN accounts with low spreads and fast execution to enhance the EA’s efficiency.
• VPS Hosting: Utilize a reliable Virtual Private Server (VPS) to ensure uninterrupted operation, especially during critical trading hours.
• Testing Phase: Conduct thorough backtesting and practice on a demo account to familiarize yourself with the EA’s behavior before deploying it on a live account.
• Risk Management: Regularly withdraw profits and avoid over-leveraging to maintain account health.

Conclusion

The Leopard Scalper EA V1.4 MT4 is a robust tool designed for traders aiming to capitalize on automated scalping strategies. With its advanced trade execution mechanisms, comprehensive risk management, and customizable settings, it provides a reliable solution for enhancing trading efficiency and profitability. Ensure you meet the minimum deposit requirements, select the appropriate time frames and currency pairs, and configure the EA to align with your trading preferences for the best results.

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