More Information & Purchase Links

Risk Based Entry

The quick order buttons get you into positions based on a percentage risk of your account. It automatically calculates your lot size based on your risk selected and the distance to your stop loss. As such, you need to make sure your broker allows you to use 0.01 lot sizing, it will not work if you are forced to use 0.10 or 1.00 lot increments.

Fast Trade Execution Buttons

It places quick trade execution buttons on your chart which will automatically open, close or adjust trades instantly. As well as the normal entry buttons you have a fast close button to exit all positions, move your stop to breakeven (or your average breakeven if you have more than one trade open), place buy and sell stops above the current or last candles high and low and also the ability to close out only your most profitable position, so you can take a partial profit on positions you scale into with multiple trades as they start to work for you.
The stop loss mode button allows you to quickly change your stop strategy for each trade. You can toggle between placing your stops at a set number of points (conservative) or at the current or last candles high/low (aggressive).

Candlestick Pattern Recognition

The EA shows on the chart when the most commonly used scalping candlestick patterns are detected including hammers and shooting stars (long wick candles), bullish and bearish engulfing patterns, strong close candles, equal highs and lows, inventory retracement bars (IRBs) and 2 inside bar patterns.
There is also an EMA (exponential moving average) filter for the patterns to filter out only long or short patterns based on trend.

Session Opening Ranges & Recent Ranges

The EA will automatically draw the opening ranges to help spot and trade opening range breakouts at the 2 main trading session starts (Frankfurt and New York). You can choose two opening ranges per session, and also adjust the start and end times of these sessions and the opening ranges you want to identify. The EA comes defaulted to UTC+2 which most brokers use and draws in the opening 5 minutes and 90 minutes, but these can be adjusted as required.
You can also have the last 5, 15, 30 and 60 candles high and low ranges drawn on the chart which adjust as price moves helping you to spot breakouts from recent consolidation periods.

Automated Trading

You can set the EA to automatically trade for you based on opening ranges, candlestick patterns, and also it will auto-scale into winning positions for you so you can maximize on your winning entries taking the psychology out of adding to your winners for you which many traders struggle to do. The EA will also auto trail stops to lock in profits on positions that move your way and minimize risks on any trades in profit that may be subject to large, fast moves against you.

Exit Strategies

You can set the EA to auto exit for you based on a percentage account increase for your open trades, which helps you achieve targets automatically. If you are using the automated trading facilities for candlestick pattern recognition and opening ranges, you can also set a daily profit target, which will stop all automated trading when hit. Locking in those profits and preventing over trading of the account, which often results in you giving back a lot of your hard-earned profits!
There is also an option to have the EA exit your positions on signs of a reversal. Then the last candle in your direction is reversed, your positions will close. e.g. If long the EA monitors the low of the last bull candle and when price closed below that level (potential reversal or pullback) it will exit your positions and bank the profit ready for the next entry.

Scalping Practice In The Strategy Tester

The buttons are all available in the strategy tester, so you can practice trading and taking manual and/or semi-automated entries.