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BSS Scalping EA MT4 – Full Input Settings Analysis
BSS Scalping EA is a professional Expert Advisor (EA) for the MetaTrader 4 (MT4) platform for enabling automatic trading on the forex market. It contains higher level features such as dynamic stop orders, news and volatility trading, and trailing stops to help achieve maximum profitability. The system is programmed to trade at a very high frequency, staying in positions for an average of seconds, so that traders can take advantage of fleeting market opportunities efficiently.
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Detailed analysis of each parameter
- Lot: 0.01
→ EA applies the chosen lot size if auto lot mode disabled. - Automatic Lot: true
→ EA calculates automatic lot size on the account risk percentage. - Capital Risk Percent: 20
→ 20% risk of maximum account balance allocated per trade – VERY HIGH (risk warning). - MaxSpread: 20
→ 20 points/pips maximum spread possible. - Sleep Minutes on Abnormal Spread: 2
→ EA waits for 2 minutes if spread > allowed spread. - Daily Profit Target Percent: 200
→ EA closes positions after 200% daily profit – likely demo or backtesting targets. - max-Distance for Set Pending Orders: 70
→ Maximum pips distance to set pending orders. - Pending Orders Max Duration in Seconds: 6
→ Pending orders automatically canceled if not triggered in 6 seconds – suitable for scalping with high aggression. - StopLoss in Pipettes: 20
→ SL = 2 pips (20 pipettes) – very tight stop loss. - TakeProfit in Pipettes: 1500
→ TP = 150 pips – decent target size, maybe for more robust trades or extended time frame setups. - TrailingStep in Pipettes: 10
→ Trailing stop only fires after making 1 pip profit (10 pipettes). - TrailingStep in Pipettes: 5
→ SL is trailed on each 0.5 pip movement as price goes in our favor. - Magic Number: 12345
→ Individual code to denote EA-controlled trades from normal trades. - Slippage: 3
→ Allowed slippage up to 3 pips. - Start Hour in Server Time: 1
→ EA starts trading at 01:00 (server time). - End Hour in Server Time: 23
→ EA ends trading at 23:00 (server time).
Key Takeaways
- EA employs a High-Frequency Trading (HFT) algorithm to implement rapid trade execution to capitalize on market conditions.
- It is strategically designed to capitalize on news events and periods of higher volatility, breaking into trades on the triggering of stop orders.
- The counselor adopts a conservative risk management approach by rejecting risk-inducing aspects, such as martingale and hedging strategies.