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EA ICE CUBE SCALPER MT4 – Full Input Settings Analysis
EA Ice Cube Scalper is a day scalping Expert Advisor (EA) that is specifically designed for high-frequency trading. It follows trends using the Relative Strength Index (RSI) to synchronize trades with existing market trends, thereby cutting down the risk on against-the-trend positions. One interesting feature of this EA is the automatic lot multiplier that means-averages orders to maximize profit in times of volatile market conditions. The EA is programmed to enter many trades daily, taking minimal price fluctuations in each trade, and trading in the direction of the trend signaled by the RSI. The multi-asset trading software is programmed to maximize trading potential and utilize market trends to their maximum potential.
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Volume configuration & order management
- Start_Lot: 0.01 – Opening lot for all deals
Lot_Multiplier: 1.5 – Lot multiplier for later trades (Martingale strategy)
MagicNumber: 14365 – Number of trading ITM for EA to recognize its own trades
TakeProfit: 40 – Take profit in points or pips (broker setting dependent)
Use_hide_TP: false – Take Profit is not hidden but is directly set with the broker
Smart Step Configuration
- SmartStep: yes – Enables smart step mode (EA adjusts spacing of orders automatically)
- StartStepCoeff: 5 – Coefficient for first step distance orders
- StartMinimum: 30.0 – Minimum order distance
- RiskMaximum: 70.0 – Maximum risk level (may be in % of balance or points, depending on EA reason)
- Slippage: 3 – Maximum allowable slippage in points on execution
Capital Management & Account Security
- Money_managment: false – Automatic money management is disabled
- Visual_SL if not used: 0.0 – Virtual stop loss if standard SL is not used
- Overall_SL_in_pips if not used: 0 – Global stop loss for all trades (0 = disabled)
- MaxTrades: 15 – Maximum number of trades on the same symbol
- MaxTradesOtherSymbols: 5 – Maximum number of trades across other symbols
- UseEquityStop: false – Equity-based stop loss is disabled
- TotalEquityRisk: 30.0 – If enabled, all trades close when equity drops by 30%
- UseTimeOut: false – Trade timeout feature is disabled
- MaxTradeOpenHours: 48.0 – Max duration a trade can stay open (if timeout is enabled)
- inp_Friday_Close: false – Does not automatically close trades on Friday
Key Takeaways
- Risk Management: EA Ice Cube Scalper has the facility to restrict the number of maximum average orders as well as overall capital risk in order to facilitate managed exposure.
- Trading Time: It could offer trading time on Fridays to prevent high risk at the end of the week.
- Trading Control: The trading may be suspended by setting “Trade_Now” to True, with scope to suspend trading whenever needed.
- Profit Withdrawal: The EA facilitates recurring withdrawal of profits until the initial capital is replenished, thereby keeping trading profits.