- January 23, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Advanced Swiss Scalper EA Review
The Advanced Swiss Scalper EA is a powerful tool for traders looking to take advantage of breakout opportunities in the market. This expert advisor follows a scalping strategy that trades the prices from relative highs and lows, allowing traders to capitalize on short-term market movements.
One of the key features of this EA is that it does not use any martingale or grid functionalities, which can be risky for traders. Instead, it uses entry-stop orders for the fastest possible execution, ensuring that traders are able to enter trades quickly and at the best possible price.
| Currency pair | EURUSD, USDJPY |
| Timeframe | H1 |
| Money management | At least 200 currency units |
Best Brokers List
Since the strategy works with small average profits, it is highly suggested to trade with a low spread and commission broker. This will help to reduce trading costs and increase profitability over time.
The Advanced Swiss Scalper EA works with any broker and any type of account, but we recommend that our clients use one of the top forex brokers listed below:
Advanced Swiss Scalper EA Settings
Buy Trades: Allows the EA to execute buy orders.
Sell Trades: Allows the EA to execute sell orders.
Timeframe: Determines the time frame of the candle used to identify high and low points.
BarsN: Adjusts the sensitivity of the high and low algorithm, with smaller values resulting in more highs and lows, and larger values resulting in less.
Order Puffer Points: Determines the distance of orders from the high/low.
Trading Volume: Mode for calculating the lot size for each trade.
Fixed Lots: Lot size for each trade if the fixed trading volume mode is selected.
Risk Percentage of Balance: Lot size is calculated so that a set percentage of the account balance is lost if the initial stop-loss is triggered.
TP Points: Distance from the entry order price to the take-profit.
SL Points: Distance from the entry order price to the stop-loss.
TSL Trigger Points: Trailing stop is activated once a trade is more than the TSL Trigger Points in profit.
TSL Points: Trailing stop will be set at this distance behind the current market price.
TSL Step Points: Stop-loss will only be modified if it is at least this distance above the previous stop-loss.
Time Filter: Enables or disables a time filter that is checked before new orders are placed.
Start Hour: Hour when the allowed trading time begins.
Start Minute: Minute when the allowed trading time begins.
End Hour: Hour when the allowed trading time ends.
End Minute: Minute when the allowed trading time ends.
Drawdown Monitoring: Activates or deactivates a mechanism that closes all trades when a certain drawdown is reached.
Max Daily Drawdown %: Drawdown monitoring is triggered if equity or balance is this percentage below the starting balance of the day.
Order Comment: Comment added to every order placed by the EA.
Magic Number: Unique number used to identify the EA's trades.
Chart Comment: Enables or disables a comment in the upper left corner of the chart.
In addition, the EA also includes an adjustable trailing stop feature, which allows traders to secure profits as the market moves in their favor. This can be especially helpful for traders who are looking to maximize their returns while minimizing their risk.
Advanced Swiss Scalper EA Results
Our backtests shown in the screenshots were done with the default settings and with a 14% risk per trade, which can not be considered as "low risk" but the results are promising. This EA is suitable for experienced traders who are looking for a reliable and profitable scalping strategy. Overall, the Advanced Swiss Scalper EA is a great option for those looking to trade breakouts and secure quick profits in the market.
Conclusion
In conclusion, the Advanced Swiss Scalper EA is a valuable tool for traders who are looking for a reliable and profitable scalping strategy. The breakout-based approach of this EA is logical and the clear settings make it easy to understand and use. The real account monitoring feature adds an extra layer of confidence in the EA's performance.
Advanced Swiss Scalper EA Mt4 Free Download
We highly recommend trying Advanced Swiss Scalper EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
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