About the Stochastic Parabolic Scalper Expert Advisor
The Stochastic & Parabolic Scalper Metatrader 4 Forex robot is also known as the 15-minute scalper forex robot.
It is an expert advisor that deploys the Stochastic & Parabolic indicators in delivering buy/sell market entry and exit signals.
As a scalping forex indicator, the Stochastic & Parabolic Scalper forex expert advisor is designed to make incremental profits over a short time period.
Over time, these little profits can add up to significant amounts and can prove to be quite money-spinning for currency traders.
You may choose to use this EA on any currency pair, but its preferred time frame is the 15-minute chart.
Although, as a scalping auto trading strategy, the 1-minute and 5-minute charts can also be adopted.
Free Download
Download the “STOCHASTIC&PARABOLIC SCALPER.mq4” MT4 robot
h2>Key Features
High-Frequency Trading
The EA is optimized for executing multiple trades per minute, allowing traders to capitalize on small price movements within the M1 timeframe.
Stochastic Oscillator & Parabolic SAR Strategy
By utilizing the Stochastic Oscillator and Parabolic SAR indicators, the EA identifies precise entry and exit points, enhancing the accuracy of trades.
Customizable Risk Management
Traders can adjust parameters such as stop loss, take profit, and trailing stop to align with their risk tolerance and trading strategy.
Optimized for Major Forex Pairs
The EA performs best on major forex pairs like EUR/USD, GBP/USD, and USD/JPY, ensuring liquidity and tight spreads.
Backtest Capability
Test the EA’s performance on historical data to evaluate its effectiveness before live trading.
Strategy Tester Report
Find below the Stochastic & Parabolic Scalper forex robot strategy tester report for the EUR/USD forex pair on the 15-minute chart.
Key Performance
The EA made a total profit of $2168.85 from a total of 183 trades.
The largest winning trade generated $325.50 in profits, while the largest losing trade generated a loss of $110.65.
Statistics:
Bars in test: 26808 ticks modelled
Initial deposit: $10000.00
Total net profit: $2168.85
Total trades: 183
Largest profit trade: $325.50
Largest loss trade: -$110.65
Consecutive wins: 4
Consecutive losses: 1
How the EA Works
- Monitors the M1 timeframe for price movements.
- Applies a strategy based on the Stochastic Oscillator and Parabolic SAR indicators.
- Executes buy or sell orders when specific conditions are met.
- Utilizes stop loss, take profit, and trailing stop for risk management.
- Operates continuously to identify and act on trading opportunities.
Download Now
Download the “STOCHASTIC&PARABOLIC SCALPER.ex4” Metatrader 4 robot
Parameters & Settings
- Stop Loss: 30 pips
- Take Profit: 50 pips
- Trailing Stop: 20 pips
- Stochastic Period: 14
- Stochastic Overbought Level: 80
- Stochastic Oversold Level: 20
- Parabolic SAR Step: 0.02
- Parabolic SAR Maximum: 0.2
Recommended Trading Setup
- Timeframe: M1
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY
- Broker: Choose a broker with low spreads and fast execution
- Account Type: Standard or ECN account
- Leverage: 1:100 to 1:500
FAQ
What is the Stochastic Parabolic Scalper EA?
The Stochastic Parabolic Scalper EA is an automated trading robot designed to execute high-frequency trades on the M1 timeframe, utilizing a strategy based on the Stochastic Oscillator and Parabolic SAR indicators.
How do I install the EA on MetaTrader 4?
Download the EA file, place it in the ‘Experts’ folder of your MetaTrader 4 directory, and restart the platform. The EA will then appear in the ‘Navigator’ window under ‘Expert Advisors.’
Can I use this EA on any currency pair?
While the EA can be applied to any currency pair, it is recommended to use it on major forex pairs like EUR/USD, GBP/USD, and USD/JPY for optimal performance.
Summary
The Stochastic Parabolic Scalper MetaTrader 4 Forex Robot is a powerful tool for traders seeking to automate their scalping strategies.
By utilizing a combination of the Stochastic Oscillator and Parabolic SAR indicators, the EA identifies precise entry and exit points on the M1 timeframe.
With customizable risk management settings and positive backtest results, this EA can be a valuable addition to your trading arsenal.
