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Index Scalper Pro Mt5 -

  • March 25, 2012
  • Jared Brown

Index Scalper Pro Mt5 -

The entire cycle takes between 30 seconds and 3 minutes. The goal is to capture the "whiplash" volatility that occurs when institutions rebalance their portfolios. Out-of-the-box settings rarely work for live markets. Based on extensive backtesting, here is the recommended configuration for a $5,000 account trading the GERMANY_40 (DAX) :

The EA sends a Market Execution order (or a pending stop order) with a sliver-thin take profit (usually 5 to 15 points) and a mental stop loss. Index Scalper Pro Mt5

It looks for a divergence between the price action and the Stochastic or RSI indicator on a tick chart. For example, if price makes a lower low but RSI makes a higher low, the EA prepares a "Buy" signal. The entire cycle takes between 30 seconds and 3 minutes

The EA checks the spread (must be below a threshold, e.g., 2.0 points on the DAX) and the time (e.g., between 08:00 and 17:00 GMT). Based on extensive backtesting, here is the recommended

Start with a demo account. Run the Index Scalper Pro MT5 for 4 weeks. If it survives a high-volatility week and remains profitable, only then go live with the minimum lot size.

| Parameter | Recommended Setting | Rationale | | :--- | :--- | :--- | | | 0.02 – 0.05 (Fixed) | Never use auto-lot risking 10%+ per trade. | | Max Spread | 2.5 | Wider spreads kill scalping profitability. | | Session | London Open (07:00-10:00 GMT) | Highest volatility and volume for the DAX & FTSE. | | Take Profit (points) | 8 | MT5 uses points; 8 points = 0.8 index points on the DAX. | | Stop Loss (points) | 25 | A 1:3 risk/reward ratio; you only need 30% win rate. | | Grid Step | Disabled (OFF) | Turn off recovery mode unless you have a massive balance. | | Magic Number | 202410 | Unique identifier to avoid mixing with other EAs. |

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The entire cycle takes between 30 seconds and 3 minutes. The goal is to capture the "whiplash" volatility that occurs when institutions rebalance their portfolios. Out-of-the-box settings rarely work for live markets. Based on extensive backtesting, here is the recommended configuration for a $5,000 account trading the GERMANY_40 (DAX) :

The EA sends a Market Execution order (or a pending stop order) with a sliver-thin take profit (usually 5 to 15 points) and a mental stop loss.

It looks for a divergence between the price action and the Stochastic or RSI indicator on a tick chart. For example, if price makes a lower low but RSI makes a higher low, the EA prepares a "Buy" signal.

The EA checks the spread (must be below a threshold, e.g., 2.0 points on the DAX) and the time (e.g., between 08:00 and 17:00 GMT).

Start with a demo account. Run the Index Scalper Pro MT5 for 4 weeks. If it survives a high-volatility week and remains profitable, only then go live with the minimum lot size.

| Parameter | Recommended Setting | Rationale | | :--- | :--- | :--- | | | 0.02 – 0.05 (Fixed) | Never use auto-lot risking 10%+ per trade. | | Max Spread | 2.5 | Wider spreads kill scalping profitability. | | Session | London Open (07:00-10:00 GMT) | Highest volatility and volume for the DAX & FTSE. | | Take Profit (points) | 8 | MT5 uses points; 8 points = 0.8 index points on the DAX. | | Stop Loss (points) | 25 | A 1:3 risk/reward ratio; you only need 30% win rate. | | Grid Step | Disabled (OFF) | Turn off recovery mode unless you have a massive balance. | | Magic Number | 202410 | Unique identifier to avoid mixing with other EAs. |

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