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XMT Scalper EA V2.4 Source Code MQ4

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The XMT Scalper EA V2.4, coded in MetaQuotes Language 4 (MQ4), is designed for scalping in the forex market. It focuses on rapid trades, utilizing moving averages, Bollinger Bands, and a dynamic trailing stop. Traders can download it from YoForex and join the YoForexRobot Telegram channel for updates and discussions. Remember to test it thoroughly on a demo account before live trading. 📈🤖

Description

XMT Scalper EA V2.4 Source Code (MQ4)

Overview

The XMT Scalper EA V2.4 is an algorithmic trading tool written in MetaQuotes Language 4 (MQ4). It aims to capitalize on short-term price movements by executing rapid trades. Before using this EA in live trading, follow these important steps:

  1. Demo Testing: Always test the EA on a demo account first to understand its behavior and performance.
  2. Risk Management: Implement proper risk management techniques to protect your capital.
  3. Strategy Understanding: Familiarize yourself with the EA’s trading strategy.

Key Features

  • Strategy: XMT Scalper focuses on scalping – aiming for small profits from quick price fluctuations.
  • Timeframe: The recommended timeframe for XMT Scalper is M1 (1-minute). It operates best in fast-paced market conditions.
  • Currency Pairs: While it can be used on various currency pairs, consider major pairs like EUR/USDGBP/USD, or USD/JPY for liquidity and tighter spreads.

Trading Strategy

The XMT Scalper EA employs the following strategy:

  1. Moving Averages (MA): It uses moving averages to identify trends and potential entry points.
  2. Bollinger Bands: Bollinger Bands help determine overbought and oversold conditions.
  3. Volatility Filter: The EA adapts its trading behavior based on market volatility.
  4. Trailing Stop: XMT Scalper uses a dynamic trailing stop to lock in profits.

XMT Scalper EA V2.4 Source Code MQ4

Minimum Deposit

  • To run XMT Scalper, consider a minimum deposit of $500. However, it’s advisable to start with a larger amount for better risk management.

Additional Information

 

Remember, successful trading involves risk management, proper position sizing, and continuous learning. Use the Better Trend Trading Indicator as part of a comprehensive trading strategy.

 

📈🚀Happy Trading 📈🚀

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