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SoftechFX Scalp EA MT4 – Full Input Settings Analysis
SoftechFX Scalp EA is a sophisticated automated trading system for the MetaTrader 4 (MT4) platform, specifically engineered for optimal performance in Forex scalping. By automating trade execution, it capitalizes on swift market movements, ensuring precision and maximizing profit potential efficiently.
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Limits of Trading & Risk Management
- Ideal Number: 23 — potentially a local calculation parameter, potentially a filtering parameter for signals.
- Limit News trades per Day: 20,000 — essentially no news event-based trade limit.
- MaxDollarLoss: 10,000,000 — extremely high maximum loss limit, essentially unlimited.
- Max Spread: 0.6 pips — only trade if spread ≤ 0.6 pips (best for scalping).
- Maximum Price Slippage: 3 — allows for slippage of up to 0.3 pips (for 5-digit brokers).
Position Sizing
- LotsPer1000: 0.3 — executes 0.3 lots per $1,000 of equity.
- MinLots: 0.01, MaxLots: 1.0 — minimum and maximum allowed lot sizes.
- HOW: 20 — maybe a calculation parameter for lot sizing or for managing capital.
Trading Hours
- Start: 00:00
- End: 23:59
→ Trades continuously with no time restriction.
Order Management & Exit Rules
- SStw: 185 — strategy-specific parameter, possibly a signal or filter distance.
- Action2: 50.0 — unknown precise function; possibly associated with TP or trade trigger.
- Stop Loss: 2.0 pips — very close stop loss, characteristic of scalping strategies.
- Trailing Stop Distance: 2.1 pips.
- Trailing Stop Start: 2.0 pips — begins trailing when profit is 2 pips.
- Action1: 50.0 — same as Action2, for another condition.