Scalper Deriv EA V1.19 MT5

Scalper Deriv EA V1.19 MT5: A High-Frequency Trading Strategy💫💫

Scalper Deriv EA V1.19 MT5 is an expert advisor (EA) designed for MetaTrader 5 (MT5) that specializes in high-frequency trading. It aims to capitalize on short-term price fluctuations by executing rapid trades. Let’s dive into the details:

Recommended Settings

• Currency Pairs: EURUSD, USDJPY, GBPUSD, USDCHF, and AUDUSD
• Timeframe: M5 (5-minute chart) and H1 (1-hour chart)
• Minimum Deposit: $300
• Account Type: Any MT5-compatible account

Strategy Highlights

The Scalper Deriv EA V1.19 MT5 employs the following strategies to take advantage of market movements:

1. Trend Following: The EA identifies short-term trends by analyzing price action and moving averages. It enters trades in the direction of the prevailing trend.
2. Breakout Trading: When price breaks out of a consolidation range or a key level, the EA opens positions. It aims to catch the initial momentum after a breakout.
3. Volatility-Based Entries: The EA monitors volatility indicators (such as Bollinger Bands or Average True Range) to identify periods of increased price movement. During high volatility, it executes trades.
4. Risk Management: Scalper Deriv EA V1.19 MT5 uses tight stop-loss and take-profit levels to manage risk. It aims for a high win rate with small profits per trade.

Trade Execution

1. Entry Criteria: The EA looks for specific candlestick patterns, moving average crossovers, or breakouts. It enters trades swiftly when the criteria are met.
2. Exit Criteria:
   • Take Profit: The EA sets a predefined profit target (e.g., 5-10 pips) and closes the position when it’s reached.
   • Stop Loss: A tight stop loss (e.g., 10-15 pips) protects against adverse price movements.
   • Time-Based Exits: If a trade doesn’t reach the take profit or stop loss within a specified time, the EA may close it manually.
3. Avoiding News Events: The EA checks the economic calendar and avoids trading during major news releases or events.

Performance Metrics

• Win Rate: Scalper Deriv EA V1.19 MT5 aims for a high win rate (above 70%).
• Profit Factor: The ratio of total profit to total loss.
• Drawdown: The maximum decline in equity from peak to trough.